Citigroup Salary: How Much do Investment Bankers Make?

        2 monthss ago

Citigroup is one of the largest investment banks in the world. They offer various services and have a reputation for being one of the best investment banks to work for. They offer a competitive salary and are known for their great benefits. But how much does the investment banking analyst salary at Citigroup Inc make annually? Read on to find out!


How Much Is an Investment Banking Salary?

Investment bankers are among the highest-paid professionals for their age group. As a new recruit, you may expect to make over $100,000 right from university, much above the earnings of most of your colleagues. However, the hourly wage of an investment banker is a different story.


Investment bankers are not nearly as highly compensated per hour. Since most analysts and associates work more than 100 hours each week, the hourly wages might range from $25 to $35. That's not awful, but it isn't as fantastic as $100,000 every year.


When it comes to Citigroup Inc's investment banking analyst salary, the average salary is $97,000 annualy, with an extra cash bonus of $61,758 on average. This means that Citigroup salary is among the highest in the industry.


Investment Banking Salary Table ( Make a table ) 


Position/Title

Age Range

Base Salary


Managing Director (MD)

35-50

$400-$600K


Vice President

28-40

$120k - $150k

Associate

25-35

$100k - $120k

Analyst

22-27

$85k - $100k




Salaries in this field vary depending on experience and position. Let's look at their roles, responsibilities, and what they do day-to-day to have the salary they have.


Managing Director (MD) 

Managing directors are at the top of investment banks. They have a lot of responsibility, and they're usually in charge of a team of investment bankers. They're responsible for making sure that their team meets their goals, and they're also responsible for generating new business. They have a higher salary since they have a lot of responsibility and usually have many experiences.


Vice President 

Vice presidents are usually in charge of a team of investment bankers, and they report to the managing director. They're responsible for making sure that their team meets their goals, and they're also responsible for generating new business. They are the second in command, and they usually make slightly less than the managing director.


Associate 

This role is usually filled by people who have just graduated from college. They're responsible for assisting the investment bankers with their work. They don't have as much responsibility as the investment bankers, but they still play an essential role in the team.

Analyst 

This is the entry-level position for investment banks. Analysts are responsible for doing research and analysis for the investment bankers. It is a vital role, but it doesn't require as much experience as the other positions.


Investment Banker Salary and Bonus Levels 

The various components of compensation for most bankers include:


  1. Base Salary: This is the amount you get every two weeks through direct deposit or paycheck. These figures have not changed substantially up until the year 2021.

  2. Sign-on Bonus: A one-time payment made when you first join a bank, typically equal to your base salary. For investment bankers, this is generally between $15k - $30k.

  3. Stub Bonus: Associates and analysts earn "stub bonuses" in their first six months of employment since many graduate from MBA programs or universities during the calendar year and begin working in the middle of the year.

  4.  End Year Bonus: This is the big one that everyone cares about. Investment bankers receive an annual bonus at the end of each year, typically paid out in March or April.

  5. Relocation/Signing Bonus: If you're moving to take a new investment banking job, your new employer will often cover the cost of your relocation. This can include moving costs, temporary housing, and even help to find a place to live.

  6. Benefits: Investment banks offer a variety of benefits, including health insurance, dental and vision insurance, and many more.


Is Investment Banking Worth it? 

The investment banking field is highly competitive, and it's not easy to get a job in investment banking. However, if you're able to get a job in investment banking, it can be very rewarding. Here are the benefits of working in investment banking:


Can Make a Lot of Money

Investment bankers are some of the highest-paid employees in the world. If you can get a job in investment banking, you can make a lot of money.


Work in an Exciting Industry

The investment banking industry is fast-paced and exciting. It's always changing, and there's always something new to learn.


Help Companies Grow

Investment bankers help companies raise capital, which allows them to expand their businesses and create new jobs.


Work with Smart, Motivated People

Investment bankers are some of the smartest and most motivated people globally. If you're able to get a Citigroup job in investment banking, you'll be able to work with the best minds in the industry.


Gain Valuable Experience

Investment banking is a great way to gain experience in the financial world. It will allow you to learn about financial modeling, investment banking transactions, and more.


Make an Impact

If you like to make a difference in the world, investment banking is a great way to do it. Investment bankers help companies grow and create new jobs. They also help companies raise capital for essential projects, such as research and development or expanding into new markets.


Be Able to Work in Different Countries

Investment bankers often have the opportunity to work in different countries. This can be a great way to see the world and learn about other cultures.


How to Be an Investment Banker 

To begin this field, you'll typically require at least a bachelor's degree in finance, but there are several possibilities to expand and enhance your skills on the job. The steps that many investment bankers take are outlined below.


A Finance Degree or Relevant Field

To become an investment banker is to get a degree in finance or a related field. Data analytics, business administration, corporate finance, mathematics, economics, and accounting are broad areas of study that may help you land an internship or entry-level job in investment banking.


Investment banking will demand excellent analytical and math skills and a thorough grasp of economics and how it impacts corporate finance, regardless of your degree. Throughout your bachelor's degree, internships may also help you get valuable professional experience and broaden your horizons in the banking world.


Acquire FINRA Certification 

The FINRA, or Financial Industry Regulatory Authority is a non-governmental organization that regulates investment banks and other financial institutions in the United States.

In order to work as an investment banker, you will need to acquire a FINRA license. The most common license for investment bankers is the Series 79 license, which allows bankers to advise clients on investment banking transactions.


There are two ways to get a Series 79 license: 

-Pass the FINRA Exam: The FINRA exam is a multiple-choice test covering investment banking concepts and regulations.

-Complete an Approved Training Program: If you complete an approved training program, you will not need to take the FINRA exam.


Participate in On-The-Job Training 

Even if you have a degree in finance and a FINRA license, you will still need to complete on-the-job training before you can work independently as an investment banker.

Most investment banks have formal training programs for new investment bankers. It typically lasts between 6 weeks and 3 months. You will learn about investment banking products, financial modeling, and other important concepts during your training.


You will have the chance to work on live deals and experience working with clients. Once you have completed your training program, you will be able to work independently as an investment banker. However, you will still be expected to participate in continuing education and training programs throughout your career.


Advance Your Career

After gaining some experience as an investment banker, you may want to consider pursuing an advanced degree. A master's degree in business administration (MBA) or a master's degree in finance (MSF) can help advance your career and earn a higher salary. An MBA or MSF can also give you the skills to become a managing director or partner at an investment bank.


Prepare Your Application

You should prepare your application ahead of time, especially if you're applying to a top investment bank. Your investment banking resume should list your educational achievements, relevant work experience, and skills. You should also include a cover letter that explains why you're interested in investment banking and how you could be an asset to the firm.


These are just a few things you need to know about investment banking. If you're interested in this career, do your research and get the education and training you need to be successful.



Why Choose Citigroup Inc? 

Citigroup Inc. is one of the largest investment banks in the world, with a large global footprint. The company has a long history dating back to 1812, making it one of the oldest investment banks in the world. It has a strong reputation and is highly respected in the industry.

The company has a strong investment banking franchise and is one of the few investment banks with a truly global reach. It can be an excellent company to start your investment banking career.


It is a company where you can feel valued, where your work has an impact, and where you can learn from the best minds in the industry. Aside from the high salary offers, investment bankers at Citigroup Inc also enjoy a wide range of benefits and perks.


Final Thoughts 

Investment banking is an ideal career choice for those interested in finance and has the necessary skills and education. It is a very competitive field, but you can succeed if you're prepared and have the right qualifications.

Recruitmently comprises expert recruiters who can help you get your investment banking career started. Our recruiters can provide you with career coaching, advice, and guidance. They can also help you fine-tune your investment banking resume and provide you with investment banking interview tips.


So, don't waste time and start your investment banking career today and sign up with Recruitmently!