How much does a Goldman Sachs VP of investment banking make?
The estimated total pay range for a Investment Banking Vice President at Goldman Sachs is $269K–$457K per year, which includes base salary and additional pay. The average Investment Banking Vice President base salary at Goldman Sachs is $202K per year.
Investment banking vice presidents (VPs) are the next step after associate and before director in the investment banking career path. At the VP level, the base compensation is typically between $250,000 and $300,000.
While ZipRecruiter is seeing annual salaries as high as $277,500 and as low as $43,500, the majority of Vice President Global Investment Banking salaries currently range between $115,000 (25th percentile) to $190,000 (75th percentile) with top earners (90th percentile) making $244,500 annually across the United States.
Instead, you start as an Analyst or Associate and get promoted by performing well and proving that you can work well with clients. If you start as an Analyst, it might take 2-3 years to become an Associate, and it might then take another 3-4 years to become a VP.
The estimated total pay range for a Investment Banking Managing Director at Goldman Sachs is $492K–$844K per year, which includes base salary and additional pay. The average Investment Banking Managing Director base salary at Goldman Sachs is $314K per year.
The estimated total pay range for a Investment Banking Vice President at J.P. Morgan is $231K–$401K per year, which includes base salary and additional pay.
$232K (Median Total Pay)
The estimated total pay range for a Vice President at J.P. Morgan is $186K–$293K per year, which includes base salary and additional pay. The average Vice President base salary at J.P. Morgan is $195K per year.
The average Investment Banking Vice President base salary at Morgan Stanley is $199K per year.
Promotion Time: If you perform well, it might take 3-4 years to reach the next level of Vice President. However, it's harder to get promoted to VP because the bank might not need another VP right away, or it might be skeptical of your ability to become a rainmaker eventually.
The average Investment Banking Vice President base salary at Wells Fargo is $216K per year. The average additional pay is $163K per year, which could include cash bonus, stock, commission, profit sharing or tips.
What does a VP earn at Goldman Sachs?
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The estimated total pay range for a Vice President at Goldman Sachs is $207K–$304K per year, which includes base salary and additional pay. The average Vice President base salary at Goldman Sachs is $189K per year.
If you want to become a VP in Goldman Sachs' investment banking division, you'll typically have to climb the hierarchy and progress through the analyst and associate levels before you make it. If you're an engineer or a quant, it might be a bit quicker.
Yeah, GS has something like 12,000 "Vice Presidents", or ~40% of their employees.
Sure, anybody can make a good living being a doctor or a lawyer or an investment banker where you can make ~$200-500K per year a few years after you finish with your studies, but you hit a ceiling very quickly unless you start your own practice (aka start your own business).
Raw recruits expect six figures. Successful mid-career investment bankers can make tens of millions of dollars a year.
- Portfolio manager. ...
- Investment banker. ...
- Asset manager. ...
- Wealth manager. ...
- Equity trader. ...
- Equity analyst. ...
- Hedge fund analyst. ...
- Foreign exchange trader.
The average salary for JPMorgan Chase & Co. vice presidents is $152,673 per year. JPMorgan Chase & Co. vice president salaries range between $100,000 to $232,000 per year.
The estimated total pay range for a Vice President Private Banker at J.P. Morgan is $239K–$430K per year, which includes base salary and additional pay. The average Vice President Private Banker base salary at J.P. Morgan is $203K per year.
The average Vice President base salary at JPMorgan Chase & Co is $157K per year. The average additional pay is $20K per year, which could include cash bonus, stock, commission, profit sharing or tips.
As of Apr 14, 2024, the average annual pay for a Vice President Jpmorgan in Texas is $134,873 a year. Just in case you need a simple salary calculator, that works out to be approximately $64.84 an hour. This is the equivalent of $2,593/week or $11,239/month.
How long does it take to make a VP at J.P. Morgan?
Different banks have different title structures. But in general, the level of VP is not a particularly senior designation. Usually, professionals will be promoted to VP after about 5–6 years (whether those years were accumulated in that firm or in a comparable role in another organization).
Why are there so many of these VPs? Well, a variety of factors, although no one knows for sure. It might be because careers in banking have always been quite short – meaning that banks had to tempt juniors with seniority to stay (or at least apparent seniority).
In Morgan Stanley, the title/promotion hierarchy is associate -> vice president -> executive director -> managing director. You can get VP within 5 years or so. I work for a Fortune 150 company where VP is definitely a mid-level management job.
$238K (Median Total Pay)
The average Vice President Technology base salary at Morgan Stanley is $206K per year.
The estimated total pay range for a Vice President Risk Management at Morgan Stanley is $155K–$218K per year, which includes base salary and additional pay. The average Vice President Risk Management base salary at Morgan Stanley is $162K per year.
