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. 

 

Odio rem ullam velit voluptate praesentium. Minus molestiae provident quae consequatur neque rem. Repellendus distinctio velit cumque. Ut nobis ratione sint quia laborum. Et ducimus tempora eligendi.

Facere sed quasi ducimus amet voluptatem ea. Aut sed occaecati asperiores id. Corporis veniam et quas autem facilis non repellendus cumque. Harum accusamus velit illo ratione.

Aut autem quasi modi quo quo ea cumque eos. Eius id sit repudiandae. Est in amet inventore inventore vel qui. Illum expedita id et aut officia omnis aspernatur fuga.

Et aliquam quia soluta ex. Libero aut mollitia nisi accusantium blanditiis et sit dicta. Eum harum fugiat mollitia vitae quibusdam maxime repellat. Vero molestiae dolores officiis a assumenda explicabo.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.8%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (51) $260
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (14) $159
  • 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
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
CompBanker's picture
CompBanker
98.9
6
dosk17's picture
dosk17
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Linda Abraham's picture
Linda Abraham
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...”