Thursday, March 10, 2011

Investment Banking Salary 2011

Time to talk about money again, as it’s bonus time for most banks.

Going into 2011, starting salaries for investment banking positions with a bachelor’s degree should range from $100,000 to $130,000 after bonus. Starting salaries with an MBA degree (associate position) range after bonus from $90,000 to $180,000. These salaries vary with firms and with the region of the country you are in.

Bonus checks in 2011 are generally smaller even for experienced bankers. For entry level bankers, don’t be disappointed if your pay is not that attractive. In fact some banks tend to pay less than others because they can get away with it. However at the entry level, the quality of experience you gain and the strength of the people you will work with are far more important than the money you receive. Maximize your present value and you’ll benefit from the great return of your future earnings. Don’t worry about taking lower pay now. Some ballpark figures available at this website:

Bank Bonus Outlook 2010/11
According to Eric Moskowitz of Korn Ferry Institute (Nov 2010) - Estimated bonuses will be flat to down 5 percent on average for the largest global financial services firms compared with 2009. Asset management, hedge fund, and private equity firms will receive slightly higher bonuses (10 to 15 percent), while fixed income and equity personnel will see the largest declines across the globe.

His report also include figures regarding
  • Global bank compensation and revenue analysis
  • Worldwide mergers and acquisitions activity in the banking sector
I have a copy of Eric’s full report. Email me at ibankingresumes(at)yahoo(dot)com with a headline "KF Bonus Outlook 2011" and I’ll email you a copy.

Investment Banking Salary 2011

Tuesday, March 1, 2011

140 Power Verbs To Electrify Your Resume

Today, four year back in 2007, I established this Investment Banking Resume Blog.  Here’s what I wrote in my inaugural page:

”The goal of this blog is to introduce resume writing skills for investment banking jobs.

The mission of this blog is to help undergraduates and young bankers to build a successful investment banking career.

I enjoy the interactions with young people in these years.  I do hope your finding the information in this blog useful.  Marching into the fifth year, I have a little something for you.
  1. A list of 140 Power Verbs to Electrify Your Resume – this does not only work well for investment banking resumes.  Feel free to forward to your loved ones in case they need to write a resume.  (By courtesy of
  2. The 10% discount from is still valid.  I’m glad that their ex-ibankers are willing to help my young readers to write their finance resumes at a discounted rate.  For more information, read this post.  Make sure to mention the discount code if you are placing an order over the phone. 
  3. A FREE ebook – The Top 10 Secrets of The World’s Greatest Cover Letter – Attract Job Interviews Like A Magnet.  This is newly written by world famous career guru Jimmy Sweeney and I’m proud that he has given permission for my readers to download it for free.  See the download link on the sidebar of this blog. 
Finally I’ve decided to set up a new blog focusing on Resume Cover Letters only.  This will provide valuable information to job seekers of all industries and all job levels.  It’s going to be great news too as I’ve gained permission from my friend Jimmy Sweeney to publish some of his best articles there.  Jimmy is the President of CareerJimmy and Author of The Amazing Cover Letters. I’m sure you’ll be able to write excellent cover letters from reading his articles.  I’ll make a separate announcement when this new blog is up.

Anna Maria D'Souza
Investment Banking Resumes
March 1, 2011