Question: How much can I expect to earn after working in the investment banking industry for 5-7 years?
Answer: Compensation can vary wildly depending upon numerous factors. Such factors include the size of bank (large bulge bracket firms vs boutiques vs regional banks), the location (London and New York bankers may get paid more than those in other cities), and the performance of the banker, the banker’s group and the banker’s bank. At very junior levels, compensation is not as tied to the group’s performance, but as compensation potential rises, so does its link to the group’s income. All of this having been said, a Vice President at a large firm might expect total compensation in the four hundred thousand to one million dollar range with as much as seventy percent of that taking the form of a bonus.
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