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Graduate salaries in investment banking and investment management

An overview of the salary you can expect to receive as a graduate working in investment banking or investment management.
Graduate jobs in investment banking tend to be the most lucrative of the three main banking divisions.

Investment banks and investment management firms have long been tight-lipped when it comes to advertising graduate salaries. This is usually because they don’t want their competitors to know what they have to offer and trump them for the best and brightest graduates by offering a little more.

Of all the research on employer websites and job adverts that TARGETjobs Finance has carried out, Close Brothers and Nomura were the ONLY organisations within these sectors to reveal what they pay graduates (it’s a starting salary of £27,000 at Close Brothers and between £30,000 and £35,000 at Nomura, if you’re wondering). Most employers simply state: ‘competitive’, and so you’ll find out when you’re hired.

We’ve used another reliable source, the Institute of Student Employers (ISE), to find out what salaries graduates in these areas of work can expect when they join an employer and thereafter. The ISE is a professional body that represents hundreds of organisations that recruit graduates in the UK. It obtains information from its members about all things graduate recruitment related, including salaries.

Graduate salaries in investment banking and investment management

The latest ISE Graduate Recruitment Survey of its members, which include the largest investment banks and investment management firms, revealed that organisations in these sectors expected to pay an average graduate starting salary of £32,900 in 2018. However, salaries can fall on either side of this figure, with some employers offering upwards of £25,000 and others offering £40,000+.

Potential earnings in investment banking

Pay rises are awarded during the three-year graduate programme and continue thereafter, with salaries potentially hitting £100,000+ after only six years with a business.

Potential earnings in investment management

As your career progresses after the graduate programme, so does your salary. Between five and eight years in the industry can see you take home £55,000 to £90,000. When you reach senior positions, such as associate or management, you could be earning well over £100,000. These figures don’t include the hefty bonuses available, which can be up to 200% of your salary at management level.

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