Equity Capital Markets Banker

Also called: ECM Analyst

Helps companies sell stock to the public (IPOs) and to big investors.

A day in the life

On IPO day you're at the stock exchange at 6 a.m. with the company's executives, pricing millions of shares based on demand from mutual funds and watching the first trade.

Pay over a career

Starting
$150k
Typical
$220k
High
$500k

BLS groups investment bankers with securities sales agents (median ~$78k), which hides Wall Street pay; figures here are typical total pay (salary plus bonus) at major banks.

Approximate: anchored on Bureau of Labor Statistics data for a broader job group.

Training

Bachelor's degree (4-year), about 4 years after high school. Bachelor's in finance or economics.

Ways in: 4-year college, Graduate school. Training cost: $15k – $60k.

Majors to look at: Finance, Economics.

Outlook

Growing about average. Swings sharply with the IPO market.

Will it last? Our AI estimate

Medium risk for 10 years. AI tracks investor demand and drafts materials; pricing IPOs and advising nervous issuers on timing remain judgment calls.

Start now, in high school

Classes: AP Macroeconomics, AP Statistics, Speech, Accounting.

Official data: O*NET occupation 41-3031.

More Investment Banking careers

Career Universe is an early version. Pay, training and AI-risk figures are estimates to start your own research, not verified facts. The research was written with AI research assistants, checked by validation scripts and spot-checked by hand. Check anything important with schools, employers and official sources. How the numbers work.