Annual salaries range from £29,988 to £81,564. Below is the full range of pay both before and after tax:
| Lowest | Average | Upper | |
|---|---|---|---|
| Pre-tax | £29,988 (£2,499 p/mth) |
£51,648 (£4,304 p/mth) |
£81,564 (£6,797 p/mth) |
| Pre-tax Income Percentile | 65th | 89th | 95th |
| Post-tax | £23,928 (£1,994 p/mth) |
£38,496 (£3,208 p/mth) |
£55,848 (£4,654 p/mth) |
| Post-tax Income Percentile | 58th | 84th | 94th |
| Percentage Tax Deduction | 20% | 25% | 32% |
Investment banking associates are generally graduates with a recent MBA. Some internal staff members have been promoted after more than three years of work as a financial analyst.
Compare the average salary of an associate - investment banking to your salary:
Below are the range of mortgages typically affordable for a single applicant associate - investment banking:
| Lowest | Average | Upper | |
|---|---|---|---|
| average gross salary | £29,988 | £51,652 | £81,569 |
| max mortgage | £134,946 | £232,434 | £367,061 |
| deposit paid | £14,994 | £25,826 | £40,785 |
| max purchase price | £149,940 | £258,260 | £407,846 |
| mortgage repayment p.mth (2.5%|25yr) | £612 | £1,054 | £1,665 |