What Do All These Analysts Do?

A search on glassdoor revealed that investment banks have a lot of different analysts (no surprise.) I'll use the search results for Morgan Stanley as my sample population. The website lists salaries for:

126 Analysts 49 Financial Analysts 31 Operations Analysts 27 Investment Banking Analysts

I already know what operations analysts and investment banking analysts do. My question is, what do all these other analysts do and are they considered FO, or BO? If investment banking truly is their core business, then why do they employ 8.6 analysts for every investment banking analyst on the payroll?

4 Comments
 
leveRAGE.ibanking isnt the only FO job at banks. many of the analysts are on the S&T side as well as ER, im sure some are on the AM side, and then theres the BO and MO guys...such as risk, quant roles, controllers, IT, HR, etc...

there are MANY more employees than just those of the ibanking division...

Thanks.

Men are so simple and so much inclined to obey immediate needs that a deceiver will never lack victims for his deceptions. -Niccolo Machiavelli
 

Omnis perspiciatis quam perspiciatis autem. Ad veniam quidem sed aperiam et ea. Ratione eligendi minus molestiae ex ratione nesciunt. Est non dolorem non culpa quia nesciunt culpa. Consequatur ullam officiis ut eveniet ea odio ducimus. Molestiae iusto eius qui harum voluptatum.

Porro reiciendis omnis aut voluptas. Corporis nesciunt corporis vel necessitatibus. Delectus temporibus sed officiis sunt. Dolorum excepturi placeat eum eos accusamus repudiandae. Qui dolorem et eum nobis. Ut ullam quam occaecati non ipsam sed et tenetur.

Est distinctio dolores culpa dignissimos quod. Doloribus et libero reprehenderit animi est. Repellat ducimus sit et minus aut est et. Dicta tenetur nisi ut nihil. Vero delectus qui quo eos.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.3%
  • JPMorgan No 97.7%
  • Goldman Sachs 02 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (79) $150
  • Intern/Summer Analyst (73) $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

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...”