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10 best states for investment banking analysts in 2024
1. New York
Total Investment Banking Analyst Jobs:
2,033 Average Annual Salary: $94,980 Lowest 10 Percent Earn: $61,000 Highest 10 Percent Earn: $146,000 Location Quotient: 1.84Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Investment Banking Analyst Jobs in New York
2. California
Total Investment Banking Analyst Jobs:
2,754 Average Annual Salary: $102,980 Lowest 10 Percent Earn: $64,000 Highest 10 Percent Earn: $164,000 Location Quotient: 1.09Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Investment Banking Analyst Jobs in California
3. New Jersey
Total Investment Banking Analyst Jobs:
707 Average Annual Salary: $91,657 Lowest 10 Percent Earn: $59,000 Highest 10 Percent Earn: $141,000 Location Quotient: 1.03Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Investment Banking Analyst Jobs in New Jersey
4. Connecticut
Total Investment Banking Analyst Jobs:
278 Average Annual Salary: $87,057 Lowest 10 Percent Earn: $56,000 Highest 10 Percent Earn: $134,000 Location Quotient: 0.97Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Investment Banking Analyst Jobs in Connecticut
5. Nevada
Total Investment Banking Analyst Jobs:
130 Average Annual Salary: $85,696 Lowest 10 Percent Earn: $53,000 Highest 10 Percent Earn: $137,000 Location Quotient: 0.72Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Investment Banking Analyst Jobs in Nevada
6. Washington
Total Investment Banking Analyst Jobs:
530 Average Annual Salary: $86,497 Lowest 10 Percent Earn: $52,000 Highest 10 Percent Earn: $142,000 Location Quotient: 0.84Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Investment Banking Analyst Jobs in Washington
7. Pennsylvania
Total Investment Banking Analyst Jobs:
727 Average Annual Salary: $82,252 Lowest 10 Percent Earn: $53,000 Highest 10 Percent Earn: $126,000 Location Quotient: 0.73Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Investment Banking Analyst Jobs in Pennsylvania
8. Arizona
Total Investment Banking Analyst Jobs:
533 Average Annual Salary: $79,289 Lowest 10 Percent Earn: $50,000 Highest 10 Percent Earn: $124,000 Location Quotient: 1.06Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Investment Banking Analyst Jobs in Arizona
9. Massachusetts
Total Investment Banking Analyst Jobs:
725 Average Annual Salary: $82,108 Lowest 10 Percent Earn: $53,000 Highest 10 Percent Earn: $126,000 Location Quotient: 0.92Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Investment Banking Analyst Jobs in Massachusetts
10. Virginia
Total Investment Banking Analyst Jobs:
939 Average Annual Salary: $80,218 Lowest 10 Percent Earn: $53,000 Highest 10 Percent Earn: $121,000 Location Quotient: 1.16Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Investment Banking Analyst Jobs in Virginia
Investment Banking Analyst JobsNear Ashburn, VA
How Zippia determines the best states to be an investment banking analyst
You can read about how the best state rankings are calculated
here.
Detailed list of the best states for an investment banking analyst
| Rank | State | Average Salary | Lowest 10% Earn | Population | Job Count |
|---|---|---|---|---|---|
| 1 | New York | $94,980 | $61,000 | 19,849,399 | 2,033 |
| 2 | California | $102,980 | $64,000 | 39,536,653 | 2,754 |
| 3 | New Jersey | $91,657 | $59,000 | 9,005,644 | 707 |
| 4 | Connecticut | $87,057 | $56,000 | 3,588,184 | 278 |
| 5 | Nevada | $85,696 | $53,000 | 2,998,039 | 130 |
| 6 | Washington | $86,497 | $52,000 | 7,405,743 | 530 |
| 7 | Pennsylvania | $82,252 | $53,000 | 12,805,537 | 727 |
| 8 | Arizona | $79,289 | $50,000 | 7,016,270 | 533 |
| 9 | Massachusetts | $82,108 | $53,000 | 6,859,819 | 725 |
| 10 | Virginia | $80,218 | $53,000 | 8,470,020 | 939 |
| 11 | Texas | $79,020 | $51,000 | 28,304,596 | 1,530 |
| 12 | Maryland | $82,810 | $54,000 | 6,052,177 | 671 |
| 13 | District of Columbia | $82,904 | $54,000 | 693,972 | 269 |
| 14 | Utah | $75,109 | $46,000 | 3,101,833 | 382 |
| 15 | Rhode Island | $78,136 | $50,000 | 1,059,639 | 89 |
| 16 | Minnesota | $77,928 | $49,000 | 5,576,606 | 579 |
| 17 | Ohio | $77,823 | $50,000 | 11,658,609 | 666 |
| 18 | Wisconsin | $74,036 | $47,000 | 5,795,483 | 595 |
| 19 | North Carolina | $75,741 | $50,000 | 10,273,419 | 657 |
| 20 | Illinois | $75,050 | $48,000 | 12,802,023 | 1,136 |
| 21 | West Virginia | $77,658 | $51,000 | 1,815,857 | 57 |
| 22 | Wyoming | $70,432 | $44,000 | 579,315 | 84 |
| 23 | New Hampshire | $77,890 | $50,000 | 1,342,795 | 95 |
| 24 | Hawaii | $79,746 | $56,000 | 1,427,538 | 92 |
| 25 | Vermont | $76,300 | $49,000 | 623,657 | 54 |
| 26 | Michigan | $71,346 | $46,000 | 9,962,311 | 685 |
| 27 | Delaware | $74,323 | $48,000 | 961,939 | 118 |
| 28 | Oregon | $75,729 | $46,000 | 4,142,776 | 265 |
| 29 | Arkansas | $67,450 | $44,000 | 3,004,279 | 319 |
| 30 | Alabama | $71,573 | $47,000 | 4,874,747 | 280 |
| 31 | Georgia | $74,677 | $49,000 | 10,429,379 | 597 |
| 32 | Missouri | $71,592 | $46,000 | 6,113,532 | 440 |
| 33 | Idaho | $70,927 | $43,000 | 1,716,943 | 117 |
| 34 | Florida | $71,135 | $47,000 | 20,984,400 | 1,222 |
| 35 | Oklahoma | $64,655 | $42,000 | 3,930,864 | 938 |
| 36 | Colorado | $68,591 | $43,000 | 5,607,154 | 552 |
| 37 | Maine | $69,688 | $45,000 | 1,335,907 | 75 |
| 38 | New Mexico | $70,341 | $45,000 | 2,088,070 | 86 |
| 39 | Kansas | $62,079 | $40,000 | 2,913,123 | 624 |
| 40 | North Dakota | $62,542 | $40,000 | 755,393 | 118 |
| 41 | Tennessee | $66,768 | $44,000 | 6,715,984 | 272 |
| 42 | Louisiana | $68,781 | $45,000 | 4,684,333 | 175 |
| 43 | Indiana | $66,152 | $43,000 | 6,666,818 | 403 |
| 44 | Iowa | $67,258 | $43,000 | 3,145,711 | 191 |
| 45 | Kentucky | $66,383 | $43,000 | 4,454,189 | 174 |
| 46 | Nebraska | $64,118 | $41,000 | 1,920,076 | 162 |
| 47 | Mississippi | $66,871 | $44,000 | 2,984,100 | 93 |
| 48 | South Carolina | $67,442 | $45,000 | 5,024,369 | 170 |
| 49 | Alaska | $64,888 | $43,000 | 739,795 | 58 |
| 50 | Montana | $64,969 | $40,000 | 1,050,493 | 67 |
| 51 | South Dakota | $60,751 | $38,000 | 869,666 | 71 |
Highest paying states for investment banking analysts
| Rank | State | Avg. Investment Banking Analyst Salary |
|---|---|---|
| 1 | New York | $94,980 |
| 2 | California | $102,980 |
| 3 | New Jersey | $91,657 |
| 4 | Connecticut | $87,057 |
| 5 | Nevada | $85,696 |
| 6 | Washington | $86,497 |
| 7 | Pennsylvania | $82,252 |
| 8 | Arizona | $79,289 |
| 9 | Massachusetts | $82,108 |
| 10 | Virginia | $80,218 |
| 11 | Texas | $79,020 |
| 12 | Maryland | $82,810 |
| 13 | District of Columbia | $82,904 |
| 14 | Utah | $75,109 |
| 15 | Rhode Island | $78,136 |
| 16 | Minnesota | $77,928 |
| 17 | Ohio | $77,823 |
| 18 | Wisconsin | $74,036 |
| 19 | North Carolina | $75,741 |
| 20 | Illinois | $75,050 |
| 21 | West Virginia | $77,658 |
| 22 | Wyoming | $70,432 |
| 23 | New Hampshire | $77,890 |
| 24 | Hawaii | $79,746 |
| 25 | Vermont | $76,300 |
| 26 | Michigan | $71,346 |
| 27 | Delaware | $74,323 |
| 28 | Oregon | $75,729 |
| 29 | Arkansas | $67,450 |
| 30 | Alabama | $71,573 |
| 31 | Georgia | $74,677 |
| 32 | Missouri | $71,592 |
| 33 | Idaho | $70,927 |
| 34 | Florida | $71,135 |
| 35 | Oklahoma | $64,655 |
| 36 | Colorado | $68,591 |
| 37 | Maine | $69,688 |
| 38 | New Mexico | $70,341 |
| 39 | Kansas | $62,079 |
| 40 | North Dakota | $62,542 |
| 41 | Tennessee | $66,768 |
| 42 | Louisiana | $68,781 |
| 43 | Indiana | $66,152 |
| 44 | Iowa | $67,258 |
| 45 | Kentucky | $66,383 |
| 46 | Nebraska | $64,118 |
| 47 | Mississippi | $66,871 |
| 48 | South Carolina | $67,442 |
| 49 | Alaska | $64,888 |
| 50 | Montana | $64,969 |
| 51 | South Dakota | $60,751 |
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Investment Banking Analyst best states FAQs
What is the best state for investment banking analysts?
The best state to be an investment banking analyst is New York based on investment banking analyst salaries and job opportunities.
What is the highest paying state for investment banking analysts?
The highest paying state for investment banking analysts is South Dakota based on Zippia’s salary database.
What is the worst state for investment banking analysts?
The worst state for investment banking analysts is South Dakota, due to a combination of low salaries and few job opportunities.
Have more questions?
See all answers to common business and financial questions.Search for investment banking analyst jobs
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Updated July 21, 2023
