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Yes, investment bankers, particularly those at the senior level such as Managing Directors, can earn seven-figure incomes. Typically, a Managing Director's base salary ranges from several hundred thousand dollars to over a million dollars annually. When bonuses and other incentives are included, their total compensation often falls between one million and three million dollars per year, and in some cases, can exceed this range depending on the firm's performance and individual contributions. These high earnings reflect the significant responsibilities, expertise, and client relationships managed by senior investment bankers, especially in major financial centers. However, it's important to note that such compensation levels are generally reserved for top performers and those working at large, profitable firms.