Investment Banking Salary: How MUCH Do Investment Bankers Make? (2023 Salary + Analyst Bonus Update)

[@PeterSu]

If you want to improve your cover letter, you can download free templates of my Goldman Sachs Resume and Cover Letter here: petersu.co/resume-goldman

[@livejoyfully]

This is really helpful!

[@PeterSu]

Glad you liked it 😁

[@emmanuelunique9992]

Let's say you just graduated with a masters of finance and you want to venture into investment banking just after graduation. Can you switch to asset management after 2 or 3years after building your portfolio in investment banking. And which one is better in terms of work life balance

[@PeterSu]

Usually interviews for bigger banks happen the year before you graduate. Yes it's generally easier to switch from investment banking to asset management vs the other way around. Asset management (more passive investing) definitely is more manageable hours vs investment banking (driven by live/urgent/unpredictable deals). Best of luck with your career building!

[@ShakhriddinHusniddinovich]

Great job brother keep making this type simple and really helpful videos

[@PeterSu]

Glad you found it helpful!

[@Pinkbirkinbaby]

Absolutely loved this video! Wow

[@PeterSu]

Glad you enjoyed it!

[@rosypathak3732]

Thank you for the information ❤ And please make some comparing nurses salary vs banker salary to ❤

[@PeterSu]

Glad you enjoyed it! I don't know as much about nurses unfortunately

[@cyclops.stonks]

Thank you Peter

[@PeterSu]

Glad you found it helpful

[@dl8esman119]

PETER! Rod here. Just wanted to tell you I was listening to Lions On The Beach on repeat today while working in the garden. Hope all is well. Denise says hi. Take good care of yourself, let us know if you're ever down in LA, would love to catch up. ✌️

[@PeterSu]

ROD! Haha sorry for the delay I'm just seeing this. Haha man that takes me way back. It's good to hear from both of you and I hope you and Denise are doing well!

[@valdecirroberto6768]

Hello Peter, are this salaries much lower in the EU?

[@PeterSu]

For a UK based analyst it's generally say £100 to £150k, again depending on the variables discussed in the video.

[@ShanibShabeer]

Hello sir, i would like to ask you that do i have a chance of getting into goldman sachs after graduating from a university which ranks around 700-750 in the world?

[@PeterSu]

Never say never. A question that could help you is to see if there are alumni from your school that have gone into banking. If not ideally you can reach out to bankers to start learning more about how to get into the industry and see what milestones you would need to hit to be considered.

[@2stars642]

Hi, thanks for the great video. I just wanted to ask which degree most people in investment banking have- bachelor or masters? And one person said to me that it is better to get mathemathics or computer science degree and take lectures about finance than to get an actual finance degree, so what's your opinion on this statement? Thanks for your videos I really enjoy them.:)

[@PeterSu]

For undergrad the majority is business or econ. Then a mix of math/engineering/cs/liberal arts. Having a high GPA is the most important at least a 3.5 but ideally above a 3.7. For masters it's typically an MBA from a top bschool that places into banks or a Masters in Finance. Both can work if you have a high GPA and legit finance work experience. If you know you want to do finance I'd suggest just study finance and really learn it well, but if you want to do coding or more quant finance jobs then the CS degree could be really interesting. Glad it helps what year are you in school? Great qs

[@2stars642]

Thanks, for answering my question it was really helpful. I'm going to be a 9th grader. Thanks for asking. I really like that you respond to qs in comments

[@PeterSu]

@@2stars642 Ah gotcha. Nice way to start preparing early. I'd also suggest keep exploring things you find interesting and try out the different options you're exploring (e.g. take a finance class or a CS class to see how you like it - or go build a simple financial model, code an simple app, talk to people in those paths you're considering, do internships to see if you like it, etc.)

[@2stars642]

@@PeterSu Thanks for advices

[@PeterSu]

@@2stars642 glad it helped!

[@InfiniteWealthWisdom-k1c]

It was impressive

[@PeterSu]

Glad you found it helpful

[@Nidzz1111]

How to contact you?

[@samjoberns6317]

Great video touching on how the tasks change throughout the roles as well, thanks!

[@PeterSu]

👋 Hey Sam - glad you found it helpful! Yeah and it was interesting to discover that as the roles changed the per hour rate roughly double each time.

[@GaneshScarozza]

Awesome. I’m thinking about going into asset management (I’d like to manage a trading firm one day). I feel like IB gets so much hype tho. Idk if this is your expertise, but do you think I could make money like this in IM vs in IB

[@jamesleezxgf]

I wonder how many IBs don’t come from a finance background but a STEM/Arts one?

[@thesnackbandit]

You’ve probably heard it before but what your degree is hardly matters.

[@abhiram7415]

i knew a former gold man sachs md he use to get around 7-10 million per year .

[@anjalijaiswal2825]

Really? Can you tell more about him/her.

[@abhiram7415]

@@anjalijaiswal2825 i think he left for some hedge fund it is called bridge water association .

[@PeterSu]

Yeah...it can get pretty high

[@Fuqoffbech]

What are the tax rates deducted from the total comps?