Industry Insight Report: Investment Banker & Securities Q1-2025
Industry Insight Report: Investment Banker & Securities Q1-2025
Prices Up and Employment Flat
Investment banking and securities brokerage industry employment was flat for most of 2024. According to the US Bureau of Labor Statistics (BLS), employment was down 1.3% in October 2024 from the previous year. After a hiring boom post-Covid, the financial industry began to cut staffing throughout 2023 and 2024. High interest rates, low deal-making and M&A activity, fewer IPOs, and an increasing reliance on AI have all contributed to the hiring slowdown. Average wages for nonsupervisory employees have gradually inched up throughout the year, with the latest BLS reports showing an increase of 5.3% in October year over year and an average wage of $52.28 per hour. Investment bankers and securities brokers increased their prices by 3.7% in October 2024 amid a tough market.
News Spotlight:
Bank of America cuts 150 junior jobs in investment banking: Reuters CNBC: Full Article »
Industry Forecast
Sales for the US securities brokerages industry are forecast to grow at a 6.58% compounded annual rate from 2025 to 2029, faster than the growth of the overall economy.
By the Numbers
Employment by investment banking and securities intermediation decreases Overall employment by investment banking and securities intermediation changed -1.8% in January compared to a year ago, according to the latest data from the Bureau of Labor Statistics.
Wages at investment banking and securities intermediation rise Average wages for nonsupervisory employees at investment banking and securities intermediation were $52.90 per hour in January, a 2.7% change compared to a year ago.
Lion Business Advisors quarterly industry insights data provided by VerticalIQ industry intelligence platform
Industry Insight Report: Investment Banker & Securities Q1-2025
Prices Up and Employment Flat
Investment banking and securities brokerage industry employment was flat for most of 2024. According to the US Bureau of Labor Statistics (BLS), employment was down 1.3% in October 2024 from the previous year. After a hiring boom post-Covid, the financial industry began to cut staffing throughout 2023 and 2024. High interest rates, low deal-making and M&A activity, fewer IPOs, and an increasing reliance on AI have all contributed to the hiring slowdown. Average wages for nonsupervisory employees have gradually inched up throughout the year, with the latest BLS reports showing an increase of 5.3% in October year over year and an average wage of $52.28 per hour. Investment bankers and securities brokers increased their prices by 3.7% in October 2024 amid a tough market.
News Spotlight:
Bank of America cuts 150 junior jobs in investment banking: Reuters
CNBC: Full Article »
Industry Forecast
Sales for the US securities brokerages industry are forecast to grow at a 6.58% compounded annual rate from 2025 to 2029, faster than the growth of the overall economy.
By the Numbers
Employment by investment banking and securities intermediation decreases
Overall employment by investment banking and securities intermediation changed -1.8% in January compared to a year ago, according to the latest data from the Bureau of Labor Statistics.
Wages at investment banking and securities intermediation rise
Average wages for nonsupervisory employees at investment banking and securities intermediation were $52.90 per hour in January, a 2.7% change compared to a year ago.
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