Investment Banking Salary Survey results 2021

Investment Banking Division (US)

Title/Position / Avg. Base Salary / Avg. Bonus / Avg. Total Annual Compensation

Managing Director $400,000 / $1,800,000 / $2,200,000

Director $282,000 / $513,000 / $795,000

VP $234,000 / $196,000 / $430,000

Associate $170,000 / $107,000 / $277,000

Analyst $100,000 / $41,000 / $141,000

Sales & Trading Average Compensation (US)

Managing Director–Bonus variations are too wide in order to provide meaningful averages

Director $258,000 avg. base salary / $292,000 avg.annual bonus / $550,000 avg. total comp.

VP $200,000 base / $160,000 bonus / avg. total annual comp. $360,000

Associate $142,000 base/ $112,000 bonus / avg. total annual comp. $254,000

Analyst $88,000 base / $19,000 bonus / avg. total annual comp. $107,000