Sector

Investment & Securities Careers

Investment banking advises on mergers, raises capital, and facilitates major financial transactions. Remote-friendly for many functions, with moderate formal credentials but intense informal competition.

2.1M
U.S. jobs
In this sector
$82K
Median salary
Across all roles
Investment & Securities jobs by metro area
Bubble size = total employment
Investment & Securities employment by metro ยท ~253 areas

Jobs per 100K workforce โ€” measures industry density

BLS OEWS May 2024
Understanding this Sector
What it's like to work in Investment & Securities

Investment banking sits at the center of major financial transactions โ€” there's satisfaction in advising on M&A deals, raising capital, and working on transactions that make headlines. Many find meaning in the intellectual challenge and deal intensity.

The challenge can come from the hours and pressure. Junior bankers work extremely long hours; 80-100 hour weeks during deals are common. The work is deadline-driven and client-demanding. Competition is intense for positions. The culture can be demanding.

The field varies by product and sector. M&A differs from equity capital markets, debt financing, or restructuring. Coverage bankers have different roles than product specialists. Bulge bracket banks operate differently than boutiques or middle-market firms.

For those who thrive here, the rewards are substantial: exceptional compensation, working on significant transactions, exit opportunities, and prestige. If you can handle the hours, thrive under pressure, and want finance careers at the highest level, investment banking offers unmatched opportunities and credentials.

How people break in

Target school recruiting for analyst programs. MBA for associate hiring. Boutiques and middle market offer alternative paths.

Work environment tends toward
Intense hoursHigh compensationElite recruitingDeal-drivenExit opportunities
Industries it connects to
Financial ServicesPrivate EquityCorporateLegal
Salary vs. national average
+15%
$82K median vs. $71K national
$239K$179K$119K$60K$0K$17K$38K$150K$239K*387 metro areas across 50 states, sorted by salary level โ†’
Salary range across all investment & securities roles
Where your dollar goes furthest
1. San Jose-Sunnyvale-Santa Clara$93K
2. Boulder$80K
3. Washington-Arlington-Alexandria$77K
4. Durham-Chapel Hill$71K
5. Trenton-Princeton$71K
BLS OEWS May 2024
* Top salaries exceed this figure. BLS caps reported wages at ~$240K to protect individual privacy in high-earning roles.

Median salaries range from ~$72K in mid-market metros to ~$105K in top-tier cities. But cost of living closes a lot of that gap โ€” metros with lower regional price parities often offer the best purchasing power.

Highest paying
San Jose-Sunnyvale-Santa Clara ยท $105K
San Francisco-Oakland-Fremont ยท $89K
Washington-Arlington-Alexandria ยท $84K
Best purchasing power
San Jose-Sunnyvale-Santa Clara ยท $93K adj.
Boulder ยท $80K adj.
Washington-Arlington-Alexandria ยท $77K adj.
Most jobs
New York ยท 21.3M
Los Angeles ยท 13.7M
Chicago ยท 9.8M
BLS OEWS May 2024 ยท BEA Regional Price Parities

What the data says about this sector

Beyond salary and job counts โ€” signals that shape the day-to-day experience of working in Investment & Securities.

๐Ÿšช
Annual Quit Rate
Based on all Financial Services data
13%
People tend to stay in Financial Services. Lower turnover often indicates better working conditions or higher switching costs.
โ†“ 9%vs. 22% all industries
๐Ÿข
Typical Employer Size
Small-skewed
Small businesses dominate. More variety in roles but less formal structure and benefits.
98%
Small
<50
2%
Mid
50โ€“249
1%
Large
250+
๐Ÿ 
Remote / Hybrid Prevalence
Remote-friendly
Many roles can be done remotely. Location flexibility is a realistic expectation.
Mostly on-siteHybrid commonRemote-first
๐Ÿ“‹
Credential Density
Moderate
Most roles don't require formal credentials. Skills and experience matter more than certificates.
Few credentialsSome requiredMany required
๐Ÿค
Union Presence
Based on all Financial Services data
~1%
Minimal union coverage means compensation is individually negotiated. Know your market rate going in.
โ†“ 1%vs. 11% all industries
BLS JOLTS 2024 ยท BLS QCEW 2024 ยท O*NET Work Context ยท BLS Union Members Summary 2024
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FAQ

Common questions about Investment & Securities careers

What kinds of jobs exist in investment and securities?

The industry breaks into research (equity, bond, and research analysts), money management (portfolio, investment, and asset managers), trading (sales traders, day traders), client advisory, and the operations work โ€” transfer agents, new accounts, dividends โ€” that keeps trades settling behind the scenes.

How many people work in investment and securities?

Around 2.1 million people work in the investment and securities industry in the United States, from large asset managers and broker-dealers down to small advisory shops.

How much do investment and securities jobs pay?

The median salary is around $81,783 โ€” higher than most industries โ€” but the spread is wide. Operations and support roles sit below the median, while senior research and money-management roles can sit far above it, often with bonus-heavy pay.

What is a common way into the industry?

Research associate and research assistant roles are the standard first rung on the analyst track, while operations roles like new accounts or dividend processing offer a way in without a finance degree. Many client-facing and trading roles also involve securities licensing exams early on.

Is turnover high in investment and securities?

About 1.2% of workers in this sector quit in a typical month in 2024, so teams tend to be fairly stable โ€” although individual desks and funds can churn faster when markets shift.

Find where you fit in Investment & Securities

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Federal data: BLS Occupational Employment & Wage Statistics (May 2024) ยท BLS JOLTS 2024 ยท BLS QCEW 2024 ยท O*NET Work Context ยท BLS Employment Projections 2024โ€“2034
Truest editorial: Industry narrative, sector context, career track mapping, working signals analysis.