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Investment Banking Compensation Report: Summer Cycle

Explore our Comprehensive Investment Banking Compensation Report, featuring salary trends, bonus insights, and industry analysis from top firms.
Date
March 3, 2025

This year, we connected with over 120 investment bankers across the bulge bracket to gather invaluable insights for this report.

Drawing on over a decade of research, we produce one of the most comprehensive guides to investment banking compensation, crafted for finance professionals navigating the rapidly changing industry.

In this edition, you’ll find tailored insights for Analysts, offering a deep dive into the latest compensation trends across the top banks. Our report breaks down average salaries, bonus proportions, and year-over-year shifts across the banks, allowing you to compare earnings at firms like Goldman Sachs, J.P. Morgan, Citi, and many others.

Request your copy of the report using the form below.

 

What’s inside?

  • Complete salary and bonus analysis: We provide in-depth data on compensation across experience levels, giving you a clear picture of how top banks are valuing their talent.
  • Bank-specific observations: See exactly how compensation stacks up at each firm, including where pay is rising and where it’s slipping. 
  • Industry-wide key trends: Beyond the numbers, understand the evolving compensation sentiment across the industry. 
  • Predictions for the 2025 bonus cycle: We consider what strategies banks likely to take, helping you plan for what’s next.

This report doesn’t just focus on numbers; it highlights industry-wide compensation sentiment, key trends, and performance metrics that directly impact career planning.

Whether planning your next career step, negotiating compensation, or wanting to keep informed, this report offers you a clear, data-driven path through the complex world of investment banking.

Request your copy of the report here.

Author

  • Raees Mahmood

    Raees is passionate about providing an honest and unbiased experience with anyone he works with, clients and candidates alike. For him, honesty and openness are the cornerstones for long and strong partnerships that last far beyond the recruitment stage.rnrnBefore his time at Dartmouth, he took his first steps into recruitment at a financial services boutique recruitment firm. He was responsible for placing hires into the Private Equity and M&A sectors globally.rnrnHis analytical, collaborative, and supportive nature allows him to expertly support businesses and talents. Nowadays, he collects data for and leads our Investment Banking compensation reports, which are published twice a year. He is a leading expert in compensation trends across London’s investment banking.rnrnRaees studied Philosophy at the University of Southampton. Outside of the office, Raees enjoys the theatre and is on a mission to go to as many music concerts as he can. He also spends his off-time enjoying games.rn

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