Starting salary at a small investment bank in NYC?

I go to Baruch College, I'm a sophomore but I'll graduate with a 3.6 or 3.7 GPA and I'll make sure to have a lot of experience and extracurriculars. I honestly don't think its going to be that possible to get an analyst position at a bulge investment bank since its sooooo competitive, so I was wondering what is starting salary as an analyst at a smaller investment bank. Also any tips as to what looks best on the resume for someone who wants to do investment banking in terms of work experience as well as activities?...Thanks

6 Comments
 

Boutique I worked at last summer paid same salary as BBs and around a 20% discount on bonus compared to street.

I wouldn't say getting into a BB would be impossible with your credentials. Mine were similar my sophomore year, and I was pretty successful for internship recruiting, but a lot depends on what you do this summer.

 

Work at a boutique/MM IB in NYC. You'll have to do some legwork in identifying the shops (do a search on this forum - I posted a list not too long ago), but they shouldn't be terribly difficult to get provided that you are willing to work for little to no money.

If you can get this internship your sophomore summer, you should be very well positioned going into your junior year provided you maintain your GPA and have 1-2 strong ECs. Also, I'm not sure if your school is a target or a non-target, but if it's a non-target, I would start identifying key alums at banks you would like to work and doing informationals. People are a lot more likely to help you next year if they have known you for a year as opposed to 1-2 months.

 

Interesting...I'm a sophomore/junior at Baruch as well. Are you in the Investment Banking Club? I'm not an officer, but I try to participate in many of their events. They are having a couple of really helpful things this semester, and even if they can't help you for this summer, there is always next year. It's hard to get in IB (especially from Baruch), but almost everyone involved with IBC has interned or will intern/work for all the BBs, so it can be done.

 

Dolores quaerat qui rem sit dolorum et aspernatur. Voluptatem eum mollitia cumque totam. Tempora molestias ut sunt. Mollitia quos suscipit dignissimos aut aut consequatur. Enim ut placeat ipsum adipisci illum.

Career Advancement Opportunities

November 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

November 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 13 97.4%

Professional Growth Opportunities

November 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

November 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (29) $183
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (77) $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
GameTheory's picture
GameTheory
98.9
6
DrApeman's picture
DrApeman
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Jamoldo's picture
Jamoldo
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...”