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As of August 01, 2026, the average salary for an Investment Banking Associate in Virginia is $40,033 per year, which breaks down to an hourly rate of $19.
However, an Investment Banking Associate's salary can vary significantly. Here’s a look at the typical salary range:
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Investment Banking Associate Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $42,895 | $3,575 | $825 | $21 |
| Average | $40,033 | $3,336 | $770 | $19 |
| 25th Percentile | $35,792 | $2,983 | $688 | $17 |
Pathoras Old Boggart - McLean, VA
Houlihan Lokey - Washington, VA
Prospect Rock Partners - Richmond, VA
Confidential - Richmond, VA
An Investment Banking 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 and company size can directly affect your earning potential.
Experience is a primary driver of an Investment Banking Associate's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here’s how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Investmen... Level Investment Banking Associate | $39,823 |
| Banking O... Level Investment Banking Associate | $44,049 |
| Banking O... Level Investment Banking Associate | $49,044 |
| Banking O... Level Investment Banking Associate | $63,343 |
| Banking O... Level Investment Banking Associate | $72,447 |
What Am I Worth?
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 Associates. For example, consider the average annual salaries in these key locations:
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:
For Investment Banking Associate roles, the industry you choose can affect earning potential by as much as 80% (the gap between the highest and lowest paying industries). Data shows that the Financial Services and Edu., Gov't. & Nonprofit sectors offer the strongest compensation, at 50% above the average. In contrast, Investment Banking Associate positions in Retail & Wholesale or Business Services typically offer lower base pay, as these industries often view Investment Banking Associate as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Financial Services | $60,050 | $29.0 | 50% |
| Edu., Gov't. & Nonprofit | $44,037 | $21.0 | 10% |
Understanding how an Investment Banking 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.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $42,895 | $3,575 | $825 | $21 |
| Average | $40,033 | $3,336 | $770 | $19 |
| 25th Percentile | $35,792 | $2,983 | $688 | $17 |
Ready to take the next step in your career? Browse thousands of current Investment Banking Associate job openings on our job board. Use the search bar below to find your perfect match.
Confidential
Richmond, VA
Confidential | Richmond, VA
Investment Banking Vice President. About the Company. A top-tier middle-market investment bank with a collaborative, close-knit culture and strong upward m... more
19 Days Ago
Confidential
Richmond, VA
Confidential | Richmond, VA
Vice President, Investment Banking. About the Company. Top-tier middle-market investment bank with a collaborative, close-knit culture. Industry. Investmen... more
1 Month Ago
Matheson Financial Advisors, Inc.
McLean, VA
Matheson Financial Advisors, Inc. | McLean, VA
Job Description. Job Description. Matheson Financial Advisors, Inc. is a corporate finance advisory and investment banking firm that has a 19-year history ... more
2 Days Ago
FirstBank
Gasburg, VA
FirstBank | Gasburg, VA
Banking Associates have the following duties:Manage individual cash drawer and process customer transactionsMaintain established teller cash drawer limits ... more
5 Days Ago
Axiom Path
Richmond, VA
Axiom Path | Richmond, VA
Job Description. Job Description. Be Part Of A High-Performing Team. Join an established financial services organization supporting investment accounting a... more
1 Day Ago
Wells Fargo
Roanoke, VA
Wells Fargo | Roanoke, VA
Wells Fargo - 7711 Plantation Road - Responsibilities: Assist customers via multiple channels with empathy. Resolve inquiries and problems following guidel... more
2 Days Ago
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