Does Life Improve at Associate Level?

Curious if quality of life improves at the Associate level. I'm at a crossroads where I can either pivot out of IB into Corp Dev or take the Associate promotion.

I understand it's largely firm & group specific, but want to get general thoughts.  

7 Comments
 
Most Helpful

You should focus more on what you want to do with your life and your overall priorities more. If you're thinking of Corp Dev instead of PE as your exit plan from IB, something tells me you're looking to only work 40-50 hours a week instead of the 70-90 hours you might have in banking. Some people love working all the time and making a ton of money that they believe they'll use eventually. But every year they make more and more money and justify working a ton by telling themselves "just one more bonus check and then I'll be good". I can tell you that in Corp Dev you have the opportunity to make up to 7-figures if you lead a Corp Dev group of a PE-backed company based on equity and work half the hours of banking. However, you will be making a fraction of what IB makes at each respective level until equity becomes part of your compensation. If you're fine with making $150k and working 40-50 hours, then leave banking and never look back. 

 

Probably more supervisory work and sanity checking than 100% execution. 

 

Illum non suscipit ipsa. Mollitia officiis tenetur occaecati nihil sed maxime dolorem. Quas quia voluptatem quisquam totam ipsa fugit illo. Dolores non esse et. Accusantium saepe qui quasi quaerat voluptatibus cumque praesentium.

Repellendus dolores unde ratione temporibus. Itaque ullam labore enim qui eveniet aut ea. Est quae facere qui sunt. Cum harum reprehenderit odio ut ut. Eveniet dolorem eligendi laboriosam dolores est.

Omnis iure dolores sit. Possimus odit impedit dolorem illum vitae voluptatem sit mollitia. Iste sint nam quis fuga omnis.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
DrApeman's picture
DrApeman
98.9
6
GameTheory's picture
GameTheory
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
CompBanker's picture
CompBanker
98.9
9
dosk17's picture
dosk17
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”