Investment Banker Demographics and Statistics [2024]: Number Of Investment Bankers In The US (2024)

Investment Banker gender statistics

23.8% of investment bankers are women and 76.2% of investment bankers are men.

  • Male, 76.2%
  • Female, 23.8%

Investment Banker gender ratio

GenderPercentages
Male76.2%
Female23.8%

Investment Banker gender pay gap

Women earn 90¢ for every $1 earned by men

Investment Banker Demographics and Statistics [2024]: Number Of Investment Bankers In The US (1)Investment Banker Demographics and Statistics [2024]: Number Of Investment Bankers In The US (2)

Male Income

$153,937

Investment Banker Demographics and Statistics [2024]: Number Of Investment Bankers In The US (3)Investment Banker Demographics and Statistics [2024]: Number Of Investment Bankers In The US (4)

Female Income

$138,488

Investment Banker gender ratio over time

This data breaks down the percentage of men and women in investment banker positions over time. Currently, 23.8% of investment bankers are female.

Male

Female

100

%

80

%

60

%

40

%

20

%

%

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

Investment Banker gender ratio by year

YearMaleFemale
201071.42%28.58%
201169.69%30.31%
201271.26%28.74%
201371.00%29.00%
201470.38%29.62%
201571.64%28.36%
201672.39%27.61%
201771.86%28.14%
201872.96%27.04%
201975.69%24.31%
202075.49%24.51%
202176.20%23.80%

Investment Banker related jobs gender ratio

We compared investment bankers with similar job titles to see how gender ratios vary. As you can see, proprietary trader and floor trader have the biggest gender ratio gaps.

Job TitleMaleFemale
Insurance Follow Up Representative11%89%
Insurance Verification Specialist11%89%
Commercial Lines Account Manager13%87%
Investment Banker76%24%
Futures Trader94%6%
Floor Trader95%5%
Proprietary Trader96%4%

Male

Female

Proprietary Trader

Floor Trader

Futures Trader

Investment Banker

Commercial Lines Account Manager

Insurance Verification Specialist

Insurance Follow Up Representative

0%

25%

50%

75%

100%

Investment Banker demographics by race

The most common ethnicity among investment bankers is White, which makes up 66.2% of all investment bankers. Comparatively, 12.4% of investment bankers are Asian and 11.5% of investment bankers are Hispanic or Latino.

  • White, 66.2%
  • Asian, 12.4%
  • Hispanic or Latino, 11.5%
  • Black or African American, 5.5%
  • Unknown, 4.1%
  • American Indian and Alaska Native, 0.3%

Investment Banker Race

Investment Banker RacePercentages
White66.2%
Asian12.4%
Hispanic or Latino11.5%
Black or African American5.5%
Unknown4.1%
American Indian and Alaska Native0.3%

Investment Banker race and ethnicity over time

See how investment banker racial and ethnic diversity trended since 2010 according to the United States Census Bureau data.

  • White
  • Asian
  • Hispanic or Latino
  • Black or African American

Investment Banker race and ethnicity by year

YearWhiteBlack or African AmericanAsianHispanic or Latino
201073.63%6.18%8.37%10.28%
201173.75%5.81%9.21%9.78%
201272.11%5.87%9.25%11.37%
201372.58%5.13%9.87%10.35%
201473.02%5.58%9.57%10.31%
201572.66%5.71%9.84%9.93%
201671.13%5.40%10.16%11.50%
201771.42%5.26%9.94%11.27%
201869.59%5.28%11.40%11.41%
201971.47%5.62%10.73%10.31%
202068.47%5.59%10.55%11.85%
202166.16%5.54%12.43%11.53%

Investment Banker wage gap by race

According to our data, unknown investment bankers have the highest average salary compared to other ethnicities. Black or african american investment bankers have the lowest average salary at $140,068.

$166,000

$161,000

$156,000

$151,000

$146,000

$141,000

$136,000

Unknown

White

Black or African American

Asian

Hispanic or Latino

EthnicitySalary
Unknown$163,328
White$161,371
Black or African American$140,068
Asian$158,510
Hispanic or Latino$147,718

How Much Do Investment Banker Make?

Average investment banker age

See how the average age of investment bankers varies based on ethnicity and gender.

Male

Female

Investment Banker age by race and gender

RaceMale AgeFemale Age
Unknown4048.5
White4347
Black or African American40.547
Asian4237.5
Hispanic or Latino3742

Investment Banker age breakdown

The average age of investment bankers is 40+ years years old, representing 58% of the investment banker population.

40+ years

30-40 years

20-30 years


Investment Banker age breakdown

Investment Banker YearsPercentages
40+ years58%
30-40 years28%
20-30 years14%

Investment Banker educational attainment

The most common degree for investment bankers is bachelor's degree, with 69% of investment bankers earning that degree. The second and third most common degree levels are master's degree degree at 19% and master's degree degree at 6%.

  • Bachelor's, 69%
  • Master's, 19%
  • Associate, 6%
  • Doctorate, 2%
  • Other Degrees, 4%

Investment Bankers by degree level

Investment Banker DegreePercentages
Bachelor's69%
Master's19%
Associate6%
Doctorate2%
Other Degrees4%

Investment Banker Jobs You Might Like

Investment Banker wage gap by degree level

According to the data, investment bankers with a Master's degree earn more than those without, at $205,309 annually. With a Doctorate degree, investment bankers earn a median annual income of $186,081 compared to $162,588 for investment bankers with an Bachelor's degree.

$208,000

$199,000

$190,000

$181,000

$172,000

$163,000

$154,000

Master's Degree

Bachelor's Degree

Doctorate Degree

EducationSalary
Master's Degree$205,309
Bachelor's Degree$162,588
Doctorate Degree$186,081

Learn More About Investment Banker Required Education

Investment Banker employment statistics

Most investment bankers work for a private in the finance industry.

Company size where investment bankers work

Below, you can see the size of companies where investment bankers work.

< 50 employees

50 - 100 employees

100 - 500 employees

500 - 1,000 employees

1,000 - 10,000 employees

> 10,000

Investment Banker jobs by employer size

Company SizePercentages
< 50 employees9%
50 - 100 employees23%
100 - 500 employees15%
500 - 1,000 employees8%
1,000 - 10,000 employees19%
> 10,000 employees26%

Investment Banker jobs by company type

Employees with the investment banker job title have their preferences when it comes to working for a company. For instance, most investment bankers prefer to work at private companies over public companies.

Education

Public

Private

Government

Investment Banker jobs by sector

Company TypePercentages
Education1%
Public33%
Private63%
Government3%

Investment Banker jobs by industry

The most common industries for investment bankers are finance, professional and real estate.

Finance

Fortune 500

Professional

Real Estate

Media

Show More

Investment Banker industry statistics

IndustryPercentages
Finance45%
Fortune 50013%
Professional10%
Real Estate5%
Media3%
Hospitality3%
Manufacturing3%
Retail3%
Government2%
Energy2%
Technology2%
Pharmaceutical1%
Internet1%
Transportation1%
Automotive1%
Utilities1%
Construction1%
Telecommunication1%
Non Profits1%
Education1%
Insurance1%

Investment Banker turnover and employment statistics

Investment Banker unemployment rate over time

The unemployment rate for investment bankers between 2008 and the most recent data has varied, according to the Bureau of Labor Statistics.

  • Unemployment rate

Investment Banker unemployment rate by year

YearInvestment Banker Unemployment Rate
20107.50%
20116.42%
20126.14%
20134.28%
20144.90%
20153.10%
20164.15%
20173.43%
20182.39%
20193.02%
20204.76%
20213.65%

Average investment banker tenure

The average investment banker stays at their job for 1-2 years, based on the 618 investment bankers resumes in Zippia's database.

Less than one year

1-2 years

3-4 years

5-7 years

8-10 years

11+ years

Investment Banker tenure statistics

Number of yearsPercentages
Less than 1 year15%
1-2 years41%
3-4 years17%
5-7 years12%
8-10 years5%
11+ years10%

Investment Banker LGBT ratio compared to similar jobs

Review the percent of investment bankers that are members of the LGBT community. You can see how this compares to similar jobs in the chart below.

Job TitleLGBTJob Openings
Senior Account Executive5.13%173,383
Investment Banker5.67%-
Policy Writer, Sales6.79%143,938
Site Promotion Agent9.53%34,016
Traveler17.39%3,649

Similar investment banker jobs LGBT demographics

ProfessionPercentages of LGBT Job Openings
Senior Account Executive5.13%173,383
Policy Writer, Sales6.79%143,938
Site Promotion Agent9.53%34,016
Traveler17.39%3,649

Foreign languages spoken by investment bankers

The most common foreign language among investment bankers is Spanish at 38.7%. The second-most popular foreign language spoken is Chinese at 6.5% and Vietnamese is the third-most popular at 6.5%.

  • Spanish, 38.7%
  • Chinese, 6.5%
  • Vietnamese, 6.5%
  • German, 6.5%
  • Russian, 6.5%
  • Other, 35.3%

Investment Banker languages spoken

Foreign LanguagePercentages
Spanish38.7%
Chinese6.5%
Vietnamese6.5%
German6.5%
Russian6.5%
Other35.3%

Investment Banker Jobs

Investment Banker Demographics and Statistics [2024]: Number Of Investment Bankers In The US (2024)

FAQs

How many investment bankers are there in the USA? ›

Questions Clients Ask About This Industry

There are 390,975 people employed in the Investment Banking & Securities Intermediation industry in the US as of 2023.

What are the demographics of investment bankers? ›

Investment Banker demographics by race

The most common ethnicity among investment bankers is White, which makes up 66.2% of all investment bankers. Comparatively, 12.4% of investment bankers are Asian and 11.5% of investment bankers are Hispanic or Latino.

What are the demographics of bankers? ›

In 2021, 70.4% of the workforce in the Banking & related activities industry was White (1,416,630 people), of which 58.5% were women and 41.5% men. Other races that concentrated a significant number of workers were Black and Asian.

What are the diversity statistics for investment banking? ›

The most common ethnicity among investment banking analysts is White, which makes up 68.0% of all investment banking analysts. Comparatively, 14.1% of investment banking analysts are Asian and 7.7% of investment banking analysts are Hispanic or Latino.

How many people get into investment banking? ›

The demand for coveted positions in investment banks consistently exceeds the available supply, making it a highly selective field. Statistics indicate that acceptance rates for top investment banks, such as JP Morgan and Goldman Sachs, typically range between a mere 3% to 5%.

Who are the top 3 employers in investment banking? ›

Global Investment Banking Companies in India
Investment Bank NameKey ServicesYear of Establishment
Goldman SachsM&A, Capital Markets, Asset Management1869
Morgan StanleyM&A, Capital Markets, Wealth Management1935
Bank of America Merrill LynchM&A, Capital Markets, Wealth Management2009 (merger year)
7 more rows
Jan 2, 2024

Do investment bankers make 7 figures? ›

Investment Banking Managing Director Salary + Bonus: Base salaries are in the mid-six-figure range, with total compensation in the high six figures to low seven figures. An MD doing decently should earn between $1 and $3 million per year, and sometimes a low multiple of that (as of 2022).

Is investment banking diverse? ›

Investment Banking operates on a global scale, serving clients from diverse backgrounds. A workforce that mirrors this diversity enhances client relationships.

What ethnicity are most bankers? ›

Banker demographics by race

The most common ethnicity among bankers is White, which makes up 66.5% of all bankers. Comparatively, 12.3% of bankers are Asian and 11.4% of bankers are Hispanic or Latino.

What are the main demographics? ›

Types of Demographic Information

The common variables gathered in demographic research include age, sex, income level, race, employment, location, homeownership, and level of education. Demographical information makes certain generalizations about groups to identify customers.

What are typical American demographics? ›

White Americans are the majority in every census-defined region (Northeast, Midwest, South, and West) and in every state except Hawaii, but contribute the highest proportion of the population in the Midwest, at 85% per the Population Estimates Program (PEP) or 83% per the American Community Survey (ACS).

What race demographics are in the finance industry? ›

The average finance professional age is 44 years old. The most common ethnicity of finance professionals is White (71.9%), followed by Hispanic or Latino (9.5%), Asian (8.4%) and Black or African American (5.7%). In 2022, women earned 85% of what men earned. 5% of all finance professionals are LGBT.

What are the 4 areas of investment banking? ›

The four main areas of investment banking activity are Capital Markets, Advisory, Trading and Brokerage, and Asset Management.

Do you need statistics for investment banking? ›

Investment banking is a data-driven field, and degrees in Mathematics or Statistics can be highly beneficial.

Does investment banking involve statistics? ›

Statisticians play an important role in investment banking, particularly in areas such as risk management, quantitative analysis, and trading. Some common roles for statisticians in investment banking include quantitative research analyst, risk analyst, financial engineer, and data scientist.

Are investment bankers in demand in USA? ›

The U.S. Bureau of Labor Statistics (BLS) projects that securities, commodities and financial services sales careers—which include investment bankers—will grow by 7% from 2022 to 2032. This projected growth is faster than the 3% growth projected for all occupations nationwide.

Do investment bankers make 500k a year? ›

Investment Banker Salary and Bonus Levels: Vice Presidents

The spreads for Vice Presidents were even wider; I found minimum total compensation of ~$325K all the way up to a maximum of ~$900K.

How big is the investment banking industry? ›

Investment Banking Giants: Key Players and Market Size

The investment banking industry is dominated by a handful of major players. According to Ken Research, the global market size for investment banking is expected to reach USD 142.16 billion in 2024, showcasing its significant economic footprint.

Do investment bankers make a million? ›

It is possible to become a millionaire as an investment banker, but it is not easy. Investment bankers typically earn salaries in the $200,000 to $700,000 range, with bonuses that can bring their total income up to several million dollars per year.

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