Diversified industries groups are coveted investment banking divisions, known for working with clients across various sectors. With diversified coverage, bankers get exposure to diverse deals and clients. Given the broad scope and complex mandates, diversified industries groups tend to pay higher salaries compared to industry-focused groups. Top investment banks in diversified coverage include J.P. Morgan’s Diversified Industries group, Goldman Sachs’ Diversified Industrials group, Morgan Stanley’s Diversified Institutions group, among others. Salaries at these prestigious diversified industries investment banking groups can range from $150k to $300k for analysts and associates, with bonuses making up a significant portion.
Base salaries at junior levels range from $150k to $175k
At entry levels, diversified industries investment banking analysts and associates earn strong base salaries in the range of $150k to $175k. For example, a first-year analyst at J.P. Morgan Diversified Industries may earn around $150k in base salary. Similarly, Goldman Sachs Diversified Industrials analysts can earn $175k base. Bonuses can be 1.5x to 2x base salaries. So total compensation for junior diversified industries bankers reaches $300k to $400k.
Vice presidents earn $200k to $250k in base salary
At vice president level, diversified industries investment bankers see a pay bump in base salaries, typically earning $200k to $250k. For instance, a diversified industries VP at Morgan Stanley could earn approximately $225k in base pay. Bonuses remain generous at the VP level, with 1.5x to 2x multiples being common. So VPs can make $450k to $600k in total compensation.
Directors get $300k+ base salaries
As investment bankers move into director roles, their base salaries increase further to $300k and above. Directors at elite diversified industries groups may get $350k or more as base pay. With bonuses continuing to be strong, directors can earn total pay packages of $700k to $1 million. The highest earners at the director level can make over $1 million.
Managing directors earn $500k+ in base salaries
At the top of the investment banking career ladder are managing directors. MDs in diversified industries groups command the highest salaries, with base pay starting from $500k. Large signing bonuses are also common when poaching MDs from rival banks. Total compensation for diversified industries managing directors can exceed $2 million when factoring in million-dollar bonuses.
In summary, diversified industries investment banking groups pay highly attractive salaries, owing to the broad coverage and complexity of mandates. Junior bankers can earn $300k to $400k, VPs make $450k to $600k, directors get $700k to $1 million, and MDs take home over $2 million.