making hiring decisions.The entry-level salaries in investment banking are relatively low considering the hours one has to put in. However, salary is not the most significant factor in finding the first job. The advantages of making good contacts and learning from the best far outweigh the financial difficulties that lower salary may impose. In addition, it is doubtful that an entry-level analyst will have the time to worry about his/her salary. However, after a few years of experience, wages raises dramatically. Salaries in Investment Banking (with bonus)Job LevelBulge BracketRegional PlayerPrerequisite (degree/yrs experience)First Year Analyst$60K - 110K$30K - 70KBachelor'sThird Year Analyst$80K - 200K$70K - 150KBachelor'sFirst Year Associate$125K - 235K$70K - 150KMBAThird Year Associate$150 - 450K$120 - 250KMBAAssistant Vice President$200K - 600K$75K - 120K2-4 yearsVice President$250K - 800K$100K - 400K3-6 yearsAssociate Director$250K - 1MM$150K - 500K3-8 yearsDirector / Principal300K - 1.2MM$200K - 600K5-*10 yearsManaging Director / Partner$400K - 20MM$200K and up7-10 yearsDepartment head$750K - 70MM$300K und up10+ yearsForecast salary ranges in the 1999 to 2001 periods according to Careers in Finance website.OUT OF COLLEGEEntry as an AnalystThe basic entry position in investment banking is a financial analyst. An analyst is required to analyze financial reports, gather and analyze information, prepare financial plans, and make predictions regarding the outcome of future deals. Analyst is expected to do a lot of reading, and to be up to date with all the latest trends of the business world. Wall Street Journal and other business periodicals are essential for analyst. In addition, personal lifestyle of the analyst is severely restricted by extended working hours, which range form 70 to 120 hours per week. It is also very important for an analyst to make contacts everywhere in the industry. These contacts may be virtually ...
