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What investment bankers make, with bonus
Associate or vice president
$400,000
First-year analyst
$165,000
Managing director
$1,000,000
Total pay at large New York banks for 2025, from the Mergers and Inquisitions 2026 report. Managing directors often make well over $1 million. The government's broad category, which also includes retail financial sales agents, has a median of $78,660 and leaves out most bonuses.