Investment Bank Jobs And Their Average Salary

By Kaosara Tobiloba Rasheed
Salary
August 02, 2023
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If you follow our articles, you will know we have spoken about Merchant Bank Jobs. It is important to note that all merchant banks are investment banks however, not all investment banks are merchant banks. A career as an employee in an investment bank can be very fulfilling and rewarding with a great salary. In this article, we will be discussing Investment Bank Jobs and their average salary. Before we get into that, let us take a look at what an investment bank is and what they do at an investment bank.

What is an Investment Bank?

Investment Banks are financial institutions with professionals such as asset managers, wealth managers, investment bankers, etc that provide expertise services to corporations, governments, and individuals with high net worth. They play a vital role in the financial industry by offering financial services beyond traditional banking functions. While commercial banks mainly focus on deposit-taking and lending to individuals and businesses, investment banks primarily focus on wholesale banking activities. Investment banks assist clients in raising capital, investing and calculating risks, providing financial advice and security, etc. They are known to provide excellent corporate financial services. Some of the services they provide include:

Corporate Finance: Investment banks are popularly known to provide financial services to corporations on various matters which may include capital Investment and security, financial planning, and strategic decision-making with low-risk factors
Asset Management: Investment banks manage investment portfolios on behalf of their clients, corporations, or businesses intending to assist them to achieve their financial goals.
Investment Banking: Their primary function is usually investment banking. They assist in raising capital for corporations by underwriting securities. They also offer advisory services for their clients on mergers, acquisitions, divestitures, and other corporate finance transactions.
Risk Management: Investment banks are specialists in helping clients manage financial risks, including currency risk, interest rate risk, market risk, and price risk.
Foreign Exchange Services: Investment banks provide foreign exchange services for their clients who are engaged in international transactions and investments or businesses.

Investment bankers at work

Some Investment Bank Jobs and Their Salary Include:

There are various career opportunities and specializations if you are intending to work at an investment bank. Below are some jobs you can do in an investment bank and the average salary you can earn while doing this job:

Investment Banking Analyst: An Investment Banking Analyst is an entry-level position in the investment banking industry. Analysts play a crucial role in supporting senior investment bankers in various financial activities, such as mergers and acquisitions, corporate finance, and other capital market transactions. They are involved in demanding tasks, but the experience gained at this level can be a stepping stone to more advanced positions in finance and business. If you are looking to start a career in the merchant banking or investment banking industry, this can be a great role to consider. It requires a piece of background knowledge in investment banking, business analysis, economics, data sciences, corporate law, or any other related field. Some of the major responsibilities include - Financial Analysis, Market research, Data Analysis, and so on. The average salary of an investment banking analyst is between 260,000 NGN and 425,000 NGN according to Glassdoor
Risk Manager: Being a risk manager in an investment bank can be tasking but rewarding. A risk manager is a professional that identifies, evaluates, and manages various types of risk with the bank for the clients. Risk Managers play a crucial role in developing risk management strategies and implementing policies to safeguard the bank’s and clients' finances and reputation. Some of the responsibilities of a risk manager include - identifying risks, evaluating and assessing risks, Reporting risks, regulating and complying with risk requirements, detecting fraud, etc. According to Salary Explorer, the average salary of a risk manager in Nigeria is 292,000 NGN (lowest) to 1,010,000 NGN (highest).
Financial Analyst: As a financial analyst in an investment bank, you are responsible for conducting financial research, analyzing the data from research, and providing vital insight and data-driven decisions to the bank on financial strategies that can improve the goals of the bank and its clients. Some other responsibilities of a financial analyst include – Budgeting, investment analysis, risk assessment, performance tracking, finance reporting, etc. A financial analyst earns between 200,000 NGN to 450,000 NGN according to Glassdoor
Relationship Manager: The relationship Manager in an investment bank is responsible for building and retaining trust relationships with the bank's corporate clients and high-net-worth individuals. The main objective of a Relationship Manager is to understand clients' financial needs, offer personalized financial solutions, and ensure client satisfaction. This role plays a crucial part in attracting and retaining valuable clients for the investment bank. A strong knowledge of Customer Experience (CX) is essential. Some other responsibilities include – Management of client relationships, business development, Customer Journey records, smooth customer onboarding, personalized services recommendation for clients, etc. The average salary of a relationship manager is between 246,000 NGN (lowest) to 851,000 NGN (highest) according to Salary Explorer
Asset Manager: Being an asset manager in an investment bank requires a lot of professionalism and expertise. An Asset Manager in an investment bank is responsible for managing and overseeing investment portfolios on behalf of the bank's clients. They play a critical role in providing investment solutions, making strategic decisions, and maximizing returns while considering clients' risk tolerance and financial objectives. Asset Managers also collaborate closely with individual investors, institutional clients, and high-net-worth individuals to assist them in accomplishing their financial goals. An asset manager must have excellent communication skills with a strong background in risk management, financial analysis, business analysis, market analysis, and great customer support skills. Some other responsibilities of an asset manager include – asset allocation, financial planning, compliance with investment laws, and so on. According to Salary Explorer, the salary of an asset manager ranges from 142,000 NGN (starting salary) to 451,000 NGN (maximum salary).