Do investment bankers earn more than doctors?
The short answer is that compensation at the high end in investment banking is much higher than in medicine.
Investment bankers are typically the highest-paid workers in the finance industry—high salaries are most prevalent even among younger employees. The starting salary for the typical investment banker exceeds that of most other finance positions, but working in this field has its challenges.
Fact: Average Doctor makes way more than Average Finance/Banker.
1. Financial Manager. A financial manager prepares forecasts, business activity reports and financial statements for banks, non-profit organizations or businesses.
Chief financial officer
Chief financial officers (CFO) oversee business budgeting, cost-related decision-making, and financial teams. The CFO role is one of the highest paying finance jobs because it requires financial leadership, experience, and an extensive network.
The highest-paying job in the world, in a traditional sense, holds the number one spot in this article: anesthesiologist. They are also the only job listed above $300,000 a year. The list, however, does not take into account mega-CEOs like Warren Buffett and Jeff Bezos, who make considerably more than that.
But now picture the investment banker: he sells companies for millions, hundreds of millions, or even billions of dollars. Deals worth less than $1 billion might come with a 1% commission, while deals worth more than that will scale down to around 0.1%. But even 0.1% of $50 billion is… $50 million.
The salaries of Investment Bankers in the US range from $140,000 to $210,000 , with a median salary of $175,000 . The middle 67% of Investment Bankers makes $175,000, with the top 67% making $210,000.
| Bank | Executive | Salary |
|---|---|---|
| JP Morgan Chase | Steven D. Black Co-CEO Investment Bank | $400,000 |
| JP Morgan Chase | James E. Staley CEO Asset Management | $400,000 |
| JP Morgan Chase | William T. Winters Co-CEO Investment Bank | $564,379 |
| Merrill Lynch | John A. Thain Chief Executive Officer | $57,692 |
Goldman Sachs Salary FAQs
The average salary for an Investment-Banker is $101,156 per year in United States, which is 30% lower than the average Goldman Sachs salary of $144,576 per year for this job.
