THE BEST INVESTMENT BANKING SALARY BREAKDOWN VIDEO - How Much Bankers Make Per Year and Per Hour

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In this video, I go over how much investment bankers make each year and per hour.
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⏱Timestamps⏱
0:00 - Introduction
0:40 - The Context Behind the Numbers
2:37 - Analysts
5:15 - Associates
7:50 - Vice Presidents
10:03 - Directors
13:07 - Overall Summary
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Why I quit investment banking: • WHY I QUIT INVESTMENT ...
Day in the Life of an Investment Banker: • A DAY IN THE LIFE OF A...
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🔎Disclaimer🔎
All content in this video is for entertainment purposes only. I am not a professional financial advisor and my statements are not to be taken as instructions or directions. In addition, some of the links above are affiliate links, meaning that at NO additional cost to you, I may earn a commission if you click through and make a purchase.
#investmentbanking #investmentbanker #finance

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29 июн 2024

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Комментарии : 156

@rareliquid 3 года назад

If you just came for the numbers, 13:07 has an overview of the $ you make per year + per hour!

@Leon69 3 года назад

Wooo thanks, I'm looking forward to work in finance and this really helps!

@rareliquid 3 года назад

Glad it was helpful!

@saudosa6177 3 года назад

You are so amazing! Thanks a lot!

@rareliquid 3 года назад

thank you victor!

@wcac26 3 года назад

Good content and loving the new apartment!

@rareliquid 3 года назад

haha thanks will! hope you're well

@wombathappinessgirl7563 3 года назад

Very helpful video. Thank you

@rareliquid 3 года назад

glad it was helpful!

@rapperiiz 3 года назад

Thank you for sharing

@rareliquid 3 года назад

Thanks for watching!

@nistalasuresh5837 2 года назад

Thank you Ben for The video.. It's so valuable

@rareliquid 2 года назад

My pleasure!

@dxuhuang 3 года назад

I like that you have a power tower in the back (for dips and pull-ups). I have one myself!

@rareliquid 3 года назад

oh it's my friend's aha but yup it's pretty handy especially during covid

@user-ir5bj4ii3c 2 года назад

Good pay come with high cost. I work as a RM for 15 years and many friends left as the job is very stressful and it impact you both mentally and psysically aspect

@alwynjohn-thesimpleinvesto4730 3 года назад

Great work my man! Keep it up, you are amazing!!!

@rareliquid 3 года назад

thanks Alywn!

@prowriteadmissions3707 3 года назад

That chart! looks super clean!

@rareliquid 3 года назад

haha thank you!

@ausg0d 3 года назад

That was his life I’m sure it has to be good

@paigehuston2060 Год назад

For years I struggled with outstanding debts, bills and my children's school fees. I am a banker earning $2,500. However I spend almost $800 taking care of the family's needs and the kids. however I am starting to travel towards the end of summer. I was at a point where I wanted to give up. I came across every RU-vid channel about how to make and multiply your income through passive income. Fortunately, I had saved some money and decided to start an investment, Now I have bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that doesn’t believe in investing..

@stephaniejose5565 Год назад

How possible please?

@paigehuston2060 Год назад

@@stephaniejose5565 investing requires higher knowledge. I invest across the top markets but not by myself tho. i follow the guidelines of Alexandra Diana Jose. you might have heard of her.. I can correctly say she’s worth her salt as a investment advisor as her diversification skills are top notch/ I say because i see that in her results as my portfolio grows by averages of 30 to 5O% on a monthly basis, unlike i can say for my IRA which has just been trudging along. my portfolio just mirrors what her place and not just on some particular industries of my choosing. .

@paigehuston2060 Год назад

@@stephaniejose5565

@stephaniejose5565 Год назад

@@paigehuston2060 Thanks Paige. Please how can I communicate with her?

@paigehuston2060 Год назад

@@stephaniejose5565 She is easy to find , make a quick research of her on the internet with her name Alexandra Diana Jose . She works with anyone independent of their location.

@ujwalprajapati3781 7 месяцев назад

can you make a updated video of 2023 pay check in elite boutique and bulge bracket banks ?

@SirD1 3 года назад

I' have work in investment banking and this video is true

@calamorta 3 года назад

@rareliquíd. Disgusting scam

@minhquachdinhanh2591 3 года назад

thank you very much for the video. I must say that it's really helpful for my future orientation

@bananarepublic8951 3 года назад

Thanks for the video, Any chance I can have a copy of these excel financial model . Even an old one. Just curious what they like

@rareliquid 3 года назад

sorry i dont have any from the job but if you check my gamestop DCF analysis video there is an example of what one sort of looks like - ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-dWLc5yz9K38.html

@AhBoyInUSA 3 года назад

Interesting to know, had no idea elite boutique pays more. Btw your audio is great, is there any steps you take to post-process your audio?

@rareliquid 3 года назад

nope i think it's just my mic (rode mic pro plus, link is in my description)

@josehdz6154 2 года назад

Just got an internship for IB Risk management at JPM, ur vids help a lot!

@cruink 3 года назад

Great video Ben! What software you use to edit your videos? I really liked the transitions.

@rareliquid 3 года назад

my editor downloaded some transitions i'm not sure myself!

@banlee8257 Год назад

really good money towards the end. i only make 200k post tax

@maximilianweber1181 3 года назад

Great video. While I've seen some other salary breakdown videos/posts, your personal insights really bring the content up a notch!

@rareliquid 3 года назад

thank you i appreciate that!

@AntInvesting01 3 года назад

make sir financial model please

@anonymousanonymous-wc4wx 3 года назад

Thats crazy!!! All that difficult schooling and that's all you make? Go get 1 year training as an lpn and you will that much if you work that much

@kevinsuh5313 3 года назад

oh yeah baby

@rareliquid 3 года назад

🙌

@joeymiller6551 2 года назад

I’m so glad I’m going the advising route. Every advisor I’ve talked to works no more than 35 hours a week making on the low end 150k and the high end 500k

@khao106 2 года назад

What kind of Advisor?

@krishvids608 2 года назад

what do you mean by advisor? Consulting?

@user-un1zm4un9w 2 года назад

But how much do associates get in hand after taxes and stuff ? That is the real question ?

@haroldlieberman3314 Год назад

That's why it pays to be the best of the best

@nlx8763 2 года назад

What elite boutique bank did your friend work at that made 850k?

@bhaveshchudasama6543 Год назад

How does a boutique investment bank Realise it's profits from

@maryah3345 3 года назад

What about managing directors?

@AleleTeng 3 года назад

Thanks for the video! Interested to learn how you spent your salary when you were an analyst (% on rent and other expenses)!

@rareliquid 3 года назад

Sure thing!

@khao106 2 года назад

Are hours worked truly this insane? That would mean an analyst is working nearly 18 hrs daily as a first year?

@navigatingsideways Месяц назад

I'd use AI to get the spelling correctly. Id use a specific one for the math and it's a specific GPT.

@Roseyourday 3 года назад

I'm just curious why there are some videos you set the location as LA and somes as South Korea. Btw your videos are really helpful (I'm planning to go to IB) so thank you so much for your hard work!!!

@rareliquid 3 года назад

i translate my videos to korea and i'm in korea so i set it as seoul. sometimes i set it in LA just to see if it affects performance but other times i'm actually in LA. so yeah pretty random haha

@mimiwey9014 Год назад

I’m getting an english degree, but this career is beginning to look so interesting, of course I find this in my last year 🤦🏽‍♀️🤦🏽‍♀️

@adelinejenkins7047 Год назад

why in god’s name would one get an english degree 😭

@guppieshome6879 3 года назад

can you make a video on what uni degree to take for investment banking

@rareliquid 3 года назад

will do!

@gustafsoderman2691 3 года назад

@@rareliquid Yes please, I'm doing a bachelor's in economics and thinking about a master's in economics to be able to get into investment banking. When will this vid come out?

@jesuslol9156 3 года назад

@@gustafsoderman2691 try law

@JC-kz3ut 2 года назад

Ah, IB... The graveyard for the unlucky, untalented, and unambitious cubicle dwellers. Why anyone still goes in is baffling.

@vba1000 2 года назад

Any chance you can make this for Private Equity / Hedge funds? This was super informative.

@rareliquid 2 года назад

sure can put that idea in the content pipeline!

@vbrotherita 2 года назад

@@rareliquid Thanks, I second that! Subscribed, all the best!!

@081praveenrajr4 3 года назад

Director also started from analyst ,, So 1 milliom is too low for Directors ..

@rareliquid 3 года назад

good insight!

@anuragjain464 3 года назад

Sir is chartered accountancy course(cpa/acca) good for getting into investment bank

@rareliquid 3 года назад

I would say going to a good undergrad or mba program would be more useful than a cpa

@SirD1 3 года назад

And get a the CFA qualification

@greatestofalltime123 3 года назад

@@SirD1 the CFA isn't useful for IB

@SirD1 3 года назад

@@greatestofalltime123 It depends

@barryaherne215 3 года назад

Interesting insight. I can see how the pull of more money and fewer hours in the long term can be very appealing. If everything was going swimmingly, would you have stayed in it, or do you think you would have left it regardless?

@rareliquid 3 года назад

hm no i think i would have left banking because towards my last year i felt like i wasn't learning much and i would want to leave to another more interesting job

@shinsuketakasugi692 Год назад

0 family , 0 social life , 100% money and banking

@ossy107 Год назад

That’s the life ig

@ossy107 Год назад

But I think the plan for people is to make so much money as a banker you can retire young but idk

@hkli1688 2 года назад

12 years?! from analyst to director?! are you saying there's a guarantee promotion on the 3rd year on every level? By that logic, for you, you left on the 3rd year when you were about to be promoted to associate no?

@rareliquid 2 года назад

yup every three years thought you can be an executive director at jpm for many many years but the good ones get promoted after 3. and yeah i left right before

@vsvishal8853 2 года назад

@@rareliquid why did you leave

@andreariscaldino7037 Год назад

Are these Net Worth?

@antoniojar5743 10 месяцев назад

Damn taxes are crazy

@uguensonam1459 2 года назад

Working 90 hours a week only for government to take 50% of the pay.

@alexn643 2 года назад

It’s a scam

@krishvids608 2 года назад

that's not how progressive tax systems work.

@bhagabansadangi828 Год назад

Please give the salary in India

@Juve9le4K 3 года назад

Dude your videos are good but 5 ads per video.. I understand you miss finance but mate!

@rareliquid 3 года назад

youtube automatically adds them actually so i don't control it! i can change them but i feel like youtube knows best so i'm hesitant to alter them. sorry~

@honeytgb 3 года назад

Are the "Director" salaries for Executive Directors or MDs ?

@williambardsley7540 3 года назад

This will be executive director salaries within Merger and acquisitions. Most people working at investment banks are not working 90 hours every week, I can tell you that because I worked at one! Average week on a trading desk is 50-60 hrs. You would never except to work less than 50hrs but only in severe market conditions would you work 90+hrs. MDs might get paid similar to executive directors or they may get paid much more. In my experience MDs and EDs can earn several million a year if they are really some of the best at their job but most of them earn between $450k-$1.5m really depends on the role and your skill.

@edk412 2 года назад

Sounds like such a stressful and busy job to make that money. I’m an in house lawyer in my mid 30s and with bonus make about $570k and work about 30-40 hours a week with a mandatory 2 week work shut down over the holidays. Choose your career path wisely.

@IamDevron 2 года назад

Most people don’t plan to stay in IB long and use it for the exit opportunities. They end up making pretty much the same as lawyers and doctors with a fraction of the debt from schooling

@simeonfields9989 2 года назад

If you don't mind answering, what steps after getting my licensing for the state should I take to be in your position working the hours you do with the pay you're compensated? What do you do for the corporation you work at? Have a great day!

@dries6042 3 месяца назад

@@IamDevronwhat exit options do you mean

@IamDevron 3 месяца назад

@@dries6042 buy side firms generally hire ex investment bankers. Plan for many is IB for 2-3 years jump to buy side and go from there

@nialloneill7760 3 года назад

How do you maintain a social life while working 80-90 hour weeks

@Morales4life12 3 года назад

U don’t

@SirD1 3 года назад

You dont lol

@nialloneill7760 3 года назад

Hahaha thanks

@lakshyajeetdas6365 10 месяцев назад

That's the fun part

@dtw456 3 года назад

Even though a director leaves at 5pm he’s probably working a couple more hours answering emails at night, no?

@rareliquid 3 года назад

yup that's right so not completely off but usually just answering emails, maybe looking through some presentations

@thetoastedhydro9269 2 года назад

I'm 22 and want to go to college for finance. Is it too late for me to go into that career?

@friedrichii1812 2 года назад

@HemiChrysler 2 года назад

_earn_ , not _make_

@sunilchauhan3558 3 года назад

How much investment banker md make per year in wall street

@friedrichii1812 2 года назад

400-500K $

@richieg.3192 3 года назад

Ben did JPM let you have a PA while you were an analyst or no?

@rareliquid 3 года назад

I did but she covered 5-7 people

@richieg.3192 3 года назад

@@rareliquid oh dude haha. I meant personal account. Like we’re you allowed to have a brokerage account while working at JPM given the non-marketable info?

@timw8926 3 года назад

@@richieg.3192 Usually you are only allowed to invest in ETF's or have to get clearance on every transaction you do

@richieg.3192 3 года назад

@@timw8926 thanks Tim. I’m aware of how it works. Typically though 401k, crypto or after long waited approval. Was curious about Ben’s experience in the SF office at JMP specifically.

@timw8926 3 года назад

@@richieg.3192 What I stated above are the JPM Frankfurt rules, I guess the SF ones are quite similar

@jessicak4223 2 года назад

This should be done pretax. Taxes are different for different people. In the last video I watched you showed that that took 49% taxes out of your bonus. That says nothing about what you actually took home when your taxes were reconciled at the end of the year. You likely had a sizable tax return.

@johntatendamushonga7790 3 года назад

@rareliquid can i become an investment banking analyst in the US with an Actuarial Science UK degree

@kevinzhang9464 3 года назад

Great video man. Unrelated but I think an interesting stock you could look at is at&t. Solid market position and trading fairly cheaply atm. Lots of interesting assets and business units to break down, and analyzing through the lens of the new Biden infrastructure plan could be interesting as well.

@rareliquid 3 года назад

will keep it in mind, thank you!

@pembasherpa1373 2 года назад

So the the salaries chart after tax?

@rareliquid 2 года назад

before tax!

@jenicalyra1268 2 года назад

Hi, i am working in hedge fund, in my 3 years already and i am thinking of shifting to private market. Do you have any idea how the transition would be, or is it a good decision? In terms or salary/ career growth and workload? Thank you :)

@rareliquid 2 года назад

Depends if you enjoy following public markets vs. making private investments. Both are great options!

@cheriedeurope 3 года назад

And don't forget to drink some water. 😅

@forever_golfer1981 3 года назад

I went to a shit school, can I become an investment banker? How?

@pramoddarge8582 3 года назад

Can US CMA work in investment banking??

@rareliquid 3 года назад

not sure what CMA is?

@pramoddarge8582 3 года назад

@@rareliquid Cost Management Accounting ( CMA )

@MountainMace 2 года назад

Crazy how bad the pay is per hour when factoring in how many hours they’re actually working…

@mqmx2059 Год назад

Why so happy - JP Morgan - blood money...

@brucegalleco8892 2 года назад

Is it difficult for Asians and other minorities to get to the MD position

@silviodomenico 2 года назад

Any senior positions and in all industries really

@sayannayak8246 2 года назад

What about HSBC?

@bryanmarty7085 3 года назад

Is this for sell side or buy side?

@kevinzhangatang 3 года назад

Banking = sell side

@bryanmarty7085 3 года назад

@@kevinzhangatang thank you

@brittanymealings1980 2 года назад

I'm about to start my last year doing a BA with a double major in Finance and Marketing. Do you feel this would be a good combination degree when it comes to a director level with that marketing background as well?

@floriskok5087 Год назад

no, because you'r a woman

@Frost-1209 2 года назад

Hi Ben, my father has worked as CEO/MD in non-New York JPM for the past 20 years since his first working year. How much money including the bonus do you expect he would have made? He has always mentioned that he does not have much money as an excuse for not giving me allowance until I go to a college, and has never given me any allowance including monthly rent, and any spendings besides only exact amount of 'college tuition' excluding the room and board fee calculated after given pell grant or scholarships or financial aid I received. Please leave a comment as an answer, thank you in advance.