Investment Banking Summer Associate Salary in the United States

How much does an Investment Banking Summer Associate make in the United States?

As of July 01, 2026, the average salary for an Investment Banking Summer Associate in the United States is $132,465 per year, which breaks down to an hourly rate of $64.

However, an Investment Banking Summer Associate's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $171,098
  • Majority Range (25th-75th percentile): $118,003 to $152,687
  • Entry-Level (10th percentile): $104,836
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Paid Annually Paid Monthly Paid Semimonthly Paid Biweekly Paid Weekly Paid Hourly
View as table View as graph 25% $118,003 10% $104,836 90% $171,098 75% $152,687 $132,465 50%(Median) Didn’t find job title? Click

Investment Banking Summer Associate Salaries by Percentile

Annual
Salary		 Monthly
Pay		 Weekly
Pay		 Hourly
Wage
75th Percentile $152,687 $12,724 $2,936 $73
Average $132,465 $11,039 $2,547 $64
25th Percentile $118,003 $9,834 $2,269 $57
Check out Investment Banking Summer Associate Job Openings in the United States
Associate Investment Banking

Stout - Cleveland, OH

Associate Industrials

Stout - Cleveland, OH

Investment Banking Associate

Emerald Resource Group - Columbus, OH

Services Infrastructure and Environment Investment Banking Associate

Brown Gibbons Lang - Cleveland, OH

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Key Factors That Influence Investment Banking Summer Associate Salaries

An Investment Banking Summer Associate's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.

How Do Investment Banking Summer Associate Salaries Vary from State to State?

Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Investment Banking Summer Associates. For example, consider the average annual salaries in these key locations:

  • District of Columbia: $146,665.
  • California: $146,109.
  • Massachusetts: $144,162.

Top Paying Cities for Investment Banking Summer Associates

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • San Jose: $167,078
  • San Francisco: $165,249
  • Oakland: $161,766

What Skills Can Increase an Investment Banking Summer Associate's Salary?

Demanded Skills for the Role:

  • Leadership (Mentioned in 12.5% Job Postings): Knowledge of and ability to employ effective strategies that motivate and guide other members within our business to achieve optimum results.
  • Academic Advising (Mentioned in 2.08% Job Postings): Academic advising is, according to the National Academic Advising Association, "a series of intentional interactions with a curriculum, a pedagogy, and a set of student learning outcomes. Academic advising synthesizes and contextualizes students' educational experiences within the frameworks of their aspirations, abilities and lives to extend learning beyond campus boundaries and timeframes."
  • Computer Science (Mentioned in 2.08% Job Postings): Computer science is the study of computation, automation, and information. Computer science spans theoretical disciplines (such as algorithms, theory of computation, information theory, and automation) to practical disciplines.
See More Skills
Skills Demand Percentage
Leadership 12.5%
Academic Advising 2.08%
Computer Science 2.08%
What skills can make your compensation higher?
Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on an Investment Banking Summer Associate's salary.
  • Environmental Health: Can increase your salary by up to 58%.
  • Empathy: Can increase your salary by up to 38%.
  • Problem Solving: Can increase your salary by up to 35%.
Skill Salary Salary % Increase
Environmental Health
 $209,295
58%
Empathy
 $182,802
38%
Problem Solving
 $178,828
35%
Oncology
 $139,088
5%
Coaching
 $139,088
5%
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Investment Banking Summer Associate Salary by Industry: Top Paying Sectors

For Investment Banking Summer Associate roles, the industry you choose can impact your earning potential by as much as 25% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Education, offers compensation 15% above the average. Conversely, Investment Banking Summer Associate positions in Nonprofit typically offer lower base pay, as this sector often view Investment Banking Summer Associate as a support function rather than a direct revenue driver.

The top paying industry for an Investment Banking Summer Associate

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Education$152,335$73.015%

How Education impacts an Investment Banking Summer Associate's Salary?

Your level of education can impact your salary potential. While many Investment Banking Summer Associates enter the field with a JD, MD, PhD or Equivalent degree, higher education can lead to more specialized and higher-paying roles.

According to our 100% employer-reported salary data, the median salary for an Investment Banking Summer Associate with a JD, MD, PhD or Equivalent is between $129,848 and $152,632).

Investment Banking Summer Associate Salaries by Degree Level

Typical Education for Investment Banking Summer Associate
Degree Level % of user with this level of education
No Diploma 4.3%
High School 95.7%
Associates 0.0%
Bachelors 0.0%
Masters 4.3%
Doctorate 95.7%
view as graph

Investment Banking Summer Associate Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how an Investment Banking Summer Associate's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

  • Hourly
  • Monthly
  • Weekly
  • Yearly
  • Table View
Last Updated on July 01, 2026
$118,003
Average $132,465/year
$152,687
$9,834
Average $11,039/month
$12,724
$2,269
Average $2,547/week
$2,936
$57
Average $64/hour
$73
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $152,687 $12,724 $2,936 $73
Average $132,465 $11,039 $2,547 $64
25th Percentile $118,003 $9,834 $2,269 $57

Salaries of jobs related to Investment Banking Summer Associate

Salary Trends for Investment Banking Summer Associate

Salaries for an Investment Banking Summer Associate can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $54,872 in 2023 to around $53,001 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Investment Banking Summer Associate salary trends, .

Average Annual Salary of Investment Banking Summer Associate Over Time

2022
$???
2023
$54,872
2024
$54,171
2025
$53,001
2026
$???
2027
$???
Year Average Annual Salary
2022
View More
2023 $54,872
2024 $54,171
2025 $53,001
2026
View More
2027
View More

Most common benefits for Investment Banking Summer Associate

Social Security
401(k)
Disability
Healthcare
Pension
Time Off (days)
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Common company salaries for Investment Banking Summer Associate

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Where Does Our Salary Data Come From?

Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.

We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)

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