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Job Overview: An investment banker will work to generate funds for banks in two different ways. First, the investment banker will produce funds by selling stock within their company. This stock can be sold to employees, corporations or other individuals. The other way investment bankers acquire funds for the bank is by seeking out venture capital. This means that they give money to a starting or growing business in exchange for partial ownership of the company. The company will use this money to grow their business, using the funds to create products, advertise the business and conduct research.
Education: The minimum requirement for an investment banker is a bachelor’s degree. However, most employers will not consider hiring an investment banker without a master’s degree unless they have extensive experience and a superior skill set. An MBA or a degree in finance, banking, investing or accounting is generally required.
Salary: The average starting salary for an investment banker with no experience is $60,200 per year. This is a base salary as investment bankers get substantial bonuses. It is possible for a junior investment banker to earn $90,000 to over $100,000 in their first year after bonuses. The median salary for an investment banker is $162,000 per year in the United States. This is a base salary as well and does not include bonuses. The majority of investment bankers with 5 or more years of experience earn well over $200,000 per year as a base salary.
Perks: Just take a look at the two receipts. One is an ATM statement of Hedge Fund Manager David Tepper; the other is a Hedge Fund Christmas Party bill for 10 people (which includes a £10,000 tip for the server).

24 bottles of vodka, 6 bottles of champagne, 13 bottles of beer, between only 10 people, and they STILL had to pay cover charge!
Lesson learned: if you can’t stand the thought of becoming an investment banker, at least think about getting a job as a server in a high-end/exclusive nightclub.