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For a first-year analyst, the most junior position, $80k-$120k (including bonus). It rises significantly year on year; and a good MD, the most senior 'normal' position, might expect to earn $1-3MM. Group heads and C-level executives can earn much more than that.

You should keep in mind however, that the majority of bankers finish after 3 years in the business, and probably only 5% become MDs.

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Q: Average salary for an investment banker?
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