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Investment Banker salary in Australia
The median full-time salary for an investment banker is $134,300 per annum, before tax, up $28,600 since 2018.
Base salary is only part of the package: the annual bonus is tied to the bank's results and your own review, and it can make up a large share of total earnings in a good year. Pay steps up sharply between analyst, associate and vice president levels, and larger banks and established boutiques generally pay more than small advisory firms. Deal flow matters too, because bonuses shrink in lean years when few transactions complete.
Roles that pay more than investment banker
The largest typical pay rise is $16,700 a year, moving into Finance Manager.
- Finance Manager+$16,700/yr
- Private Equity Associate+$13,900/yr
- Venture Capitalist+$13,900/yr
How to negotiate a higher investment banker salary
- Know the market rate before you ask. The median full-time investment banker salary is $134,300; use that, not a guess, as your anchor, and adjust for your experience and employer.
- Lead with what's scarce, not just tenure. Skills like Financial analysis and modelling and Financial reporting tend to command a premium over general investment banker experience, name them specifically when you ask.
- Bring a real alternative to the table. Finance Manager pays a typical $16,700 a year more and draws on similar skills, even mentioning you're weighing it up is a legitimate data point in a pay conversation.
- Time it deliberately. Reviews, the end of a project you delivered, or taking on responsibility beyond your job description are stronger moments to ask than an arbitrary date on the calendar.
- Ask for a number, not a raise. "Based on the market rate and [specific contribution], I'd like to move to X" gets a clearer answer than "I think I deserve more."
Investment Banker salary questions
How much do investment bankers earn in Australia?
The median full-time salary for an investment banker is $134,300 a year before tax. Seniority, specialisation, sector and the award or agreement you're employed under all move it.
Is investment banker pay rising or falling?
The median investment banker salary is up $28,600 since 2018. Figures from 2025 onward on this page are a projection, not a measured result.
What pays more than investment banker?
Finance Manager pays a typical $16,700 a year more and draws on similar skills to investment banker.