Updated September 14, 2023
Average investment banker salary
To create our salary estimates, Zippia starts with data published in publicly available sources such as the U.S. Bureau of Labor Statistics (BLS), Foreign Labor Certification Data Center (FLC) Show More$162,715
$78.23 hourly rate
Entry-level investment banker salary
$95,000 yearly salary
How much does an investment banker make?
The average investment banker salary in the United States is $162,715. Investment banker salaries typically range between $95,000 and $276,000 yearly. The average hourly rate for investment bankers is $78.23 per hour.
Investment banker salary is impacted by location, education, and experience. Investment bankers earn the highest average salary in Alaska, Vermont, Maine, New Hampshire, and Massachusetts.
Investment banker salary summary.
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The average salary for an investment banker is $162,715 in the US. -
The average investment banker salary ranges between $95,000 and $276,000 in the US. -
Investment bankers' hourly rates in the US typically range between $45 and $132 an hour. -
Investment bankers earn the highest salaries in Alaska ($188,763), Vermont ($164,538), and Maine ($164,377). -
Investment banker salaries at Citi are the highest of any company. -
Investment bankers in the real estate industry are the highest-paid in the US.
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Average investment banker salary by state
The highest-paying states for investment bankers are Alaska, Vermont, and Maine. The lowest average investment banker salary states are Utah, Missouri, and Nebraska.
- State View
- County View
Average Salary:
Highest paying states for investment bankers
| Rank | State | Avg. Salary | Hourly Rate | Job Count |
|---|---|---|---|---|
| 1 | Vermont | $164,538 | $79.10 | 40 |
| 2 | Rhode Island | $160,107 | $76.97 | 70 |
| 3 | North Dakota | $159,564 | $76.71 | 38 |
| 4 | Maine | $164,377 | $79.03 | 46 |
| 5 | Alaska | $188,763 | $90.75 | 24 |
| 6 | Michigan | $153,236 | $73.67 | 319 |
| 7 | Pennsylvania | $152,942 | $73.53 | 574 |
| 8 | Ohio | $147,908 | $71.11 | 681 |
| 9 | New Hampshire | $163,073 | $78.40 | 45 |
| 10 | Massachusetts | $161,605 | $77.69 | 373 |
| 11 | Connecticut | $158,089 | $76.00 | 148 |
| 12 | Wisconsin | $151,662 | $72.91 | 218 |
| 13 | New York | $155,786 | $74.90 | 898 |
| 14 | Delaware | $151,776 | $72.97 | 71 |
| 15 | New Jersey | $154,801 | $74.42 | 452 |
| 16 | Minnesota | $154,223 | $74.15 | 162 |
| 17 | Alabama | $144,752 | $69.59 | 189 |
| 18 | Maryland | $150,475 | $72.34 | 326 |
| 19 | Indiana | $143,561 | $69.02 | 343 |
| 20 | South Carolina | $145,112 | $69.77 | 221 |
| 21 | Washington | $154,405 | $74.23 | 219 |
| 22 | North Carolina | $145,378 | $69.89 | 380 |
| 23 | South Dakota | $142,029 | $68.28 | 52 |
| 24 | Illinois | $145,929 | $70.16 | 615 |
| 25 | West Virginia | $146,691 | $70.52 | 32 |
| 26 | Florida | $148,086 | $71.20 | 575 |
| 27 | Texas | $145,882 | $70.14 | 792 |
| 28 | Montana | $147,131 | $70.74 | 35 |
| 29 | Oregon | $148,485 | $71.39 | 153 |
| 30 | Louisiana | $148,131 | $71.22 | 76 |
| 31 | California | $149,106 | $71.69 | 1,051 |
| 32 | Nevada | $147,140 | $70.74 | 53 |
| 33 | Kentucky | $140,848 | $67.72 | 145 |
| 34 | Virginia | $148,582 | $71.43 | 298 |
| 35 | District of Columbia | $149,957 | $72.09 | 51 |
| 36 | Mississippi | $145,160 | $69.79 | 46 |
| 37 | Georgia | $144,520 | $69.48 | 358 |
| 38 | Hawaii | $146,666 | $70.51 | 26 |
| 39 | Arizona | $144,296 | $69.37 | 189 |
| 40 | Tennessee | $139,184 | $66.92 | 182 |
| 41 | Idaho | $140,931 | $67.76 | 59 |
| 42 | Wyoming | $132,104 | $63.51 | 33 |
| 43 | Iowa | $140,027 | $67.32 | 93 |
| 44 | Oklahoma | $137,691 | $66.20 | 85 |
| 45 | New Mexico | $141,562 | $68.06 | 38 |
| 46 | Arkansas | $138,171 | $66.43 | 58 |
| 47 | Missouri | $135,061 | $64.93 | 231 |
| 48 | Kansas | $133,179 | $64.03 | 118 |
| 49 | Nebraska | $134,612 | $64.72 | 65 |
| 50 | Utah | $137,028 | $65.88 | 78 |
| 51 | Colorado | $131,220 | $63.09 | 220 |
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Highest paying cities for investment bankers
The highest-paying cities for investment bankers are Boston, MA, Seattle, WA, and Livingston, NJ.
| Rank | City | Avg. Salary | Hourly Rate | Job Count |
|---|---|---|---|---|
| 1 | Boston, MA | $175,566 | $84.41 | |
| 2 | Seattle, WA | $168,805 | $81.16 | |
| 3 | Livingston, NJ | $165,809 | $79.72 | |
| 4 | New York, NY | $165,751 | $79.69 | 6 |
| 5 | San Francisco, CA | $163,655 | $78.68 | |
| 6 | Harrisburg, PA | $162,355 | $78.06 | |
| 7 | Cleveland, OH | $162,193 | $77.98 | 1 |
| 8 | Baltimore, MD | $160,258 | $77.05 | |
| 9 | Chicago, IL | $157,098 | $75.53 | |
| 10 | Houston, TX | $156,983 | $75.47 | 1 |
| 11 | Charlotte, NC | $153,541 | $73.82 | |
| 12 | Atlanta, GA | $152,633 | $73.38 |
Investment Bankers are the most in-demand in these five cities:
Investment Banker salary details
An investment banker's salary ranges from $95,000 a year at the 10th percentile to $276,000 at the 90th percentile.
What is an investment banker's salary?
| Percentile | Annual Salary | Monthly Salary | Hourly Rate |
|---|---|---|---|
| 90th Percentile | $276,000 | $23,000 | $133 |
| 75th Percentile | $215,000 | $17,917 | $103 |
| Average | $162,715 | $13,560 | $78 |
| 25th Percentile | $123,000 | $10,250 | $59 |
| 10th Percentile | $95,000 | $7,917 | $46 |
Highest paying investment banker jobs
The highest paying types of investment bankers are investment associate, investment consultant, and investment advisor.
| Job Title | Annual Salary | Monthly Salary | Hourly Rate | Job Openings |
|---|---|---|---|---|
| Personal Banker | $37,639 | $3,137 | $18.10 | 36,603 |
| Banker | $44,463 | $3,705 | $21.38 | 29,725 |
| Investment Consultant | $109,300 | $9,108 | $52.55 | 48,111 |
| Investment Advisor | $105,377 | $8,781 | $50.66 | 63,438 |
| Investment Banking Analyst | $60,598 | $5,050 | $29.13 | 52,791 |
| Investment Banking Internship | $43,637 | $3,636 | $20.98 | 62,819 |
Top companies hiring investment bankers now:
Which companies pay investment bankers the most?
Investment banker salaries at Citi and Babco*ck & Brown are the highest-paying according to our most recent salary estimates. In addition, the average investment banker salary at companies like Credit Suisse and Radius Health Inc are highly competitive.
| Rank | Company | Average Salary | Hourly Rate |
|---|---|---|---|
| 1 | Citi | $236,367 | $113.64 |
| 2 | Babco*ck & Brown | $229,178 | $110.18 |
| 3 | Credit Suisse | $220,353 | $105.94 |
| 4 | Radius Health Inc | $216,651 | $104.16 |
| 5 | SG Americas Securities Holdings, LLC | $213,942 | $102.86 |
| 6 | Rbc Holding Co Ltd | $213,568 | $102.68 |
| 7 | Nomura Securities | $211,929 | $101.89 |
| 8 | Merrill Lynch | $206,990 | $99.51 |
| 9 | Morgan Stanley | $196,253 | $94.35 |
| 10 | Radius | $194,606 | $93.56 |
| 11 | Robert Half | $193,835 | $93.19 |
| 12 | JPMorgan Chase & Co. | $192,986 | $92.78 |
| 13 | Management Recruiters International(MRI) | $189,564 | $91.14 |
| 14 | Smyth Companies | $178,505 | $85.82 |
| 15 | Grandbridge Real Estate Capital | $177,903 | $85.53 |
| 16 | TEKsystems | $175,691 | $84.47 |
| 17 | Wachovia Securities | $174,165 | $83.73 |
| 18 | Baird | $166,796 | $80.19 |
| 19 | UBS | $163,827 | $78.76 |
| 20 | New York Life Insurance | $161,595 | $77.69 |
Investment Banker salary trends
The average investment banker salary has fallen by $-18,314 over the last ten years. In 2014, the average investment banker earned $181,029 annually, but today, they earn $162,715 a year. That works out to a -4% change in pay for investment bankers over the last decade.
Compare investment banker salaries for cities or states with the national average over time.
Average investment banker salary over time
Compare investment banker salaries for individual cities or states with the national average.
Investment Banker salary by year
| Year | Avg. Salary | Hourly Rate | % Change |
|---|---|---|---|
| 2023 | $163,000 | $78.23 | +3.9% |
| 2022 | $156,000 | $75.21 | -3.0% |
| 2021 | $161,000 | $77.44 | +0.5% |
| 2020 | $160,000 | $77.03 | -5.5% |
| 2019 | $169,000 | $81.30 | -6.3% |
Show more
Recently added investment banker salaries
| Company | Job | Location | Date Added | Salary |
|---|---|---|---|---|
| Aston Carter | Phone Support for AN Investment Banking Firm | Omaha, NE | 06/29/2023 | $42,000 |
| Aston Carter | Phone Support for AN Investment Banking Firm | Oakdale, MN | 06/29/2023 | $42,000 |
| Levelup | Investment Banking Vice | Ione, CA | 06/29/2023 | $175,000 |
| Northwestern Mutual | Wealth Management: Investment Banking Experience Preferred | New York, NY | 06/23/2023 | $113,939 |
| Jefferies Financial Group Inc. | Investment Banking Vice | New York, NY | 06/14/2023 | $275,000 |
| Northwestern Mutual | Wealth Management: Investment Banking Experience Preferred | New York, NY | 06/14/2023 | $113,939 |
| Levelup | Investment Banking Vice | Ione, CA | 06/14/2023 | $175,000 |
| Jpmorgan Chase | Corporate & Investment Bank-Finance & Business Management-Comprehensive Capital Analysis & Revie | New York, NY | 06/01/2023 | $114,000 |
| Jpmorgan Chase & Co | Corporate & Investment Bank-Finance & Business Management-Comprehensive Capital Analysis & Revie | New York, NY | 06/01/2023 | $114,000 |
| Santander Holdings USA Inc. | Controllership-Corporate & Investment Banking (C&IB) | New York, NY | 05/23/2023 | $150,000 |
Show more
Investment Banker salary FAQs
What state pays Investment Bankers the most?
Alaska pays Investment Bankers the most in the United States, with an average salary of $188,763 per year, or $90.75 per hour.
How do I know if I'm being paid fairly as an Investment Banker?
You know if you are being paid fairly as an Investment Banker if your pay is close to the average pay for the state you live in. For example, if you live in Vermont you should be paid close to $164,538 per year.
How many vacation days do you get as an investment banker?
Investment bankers get between 10 to 20 vacation days per year. This is about the same as the national average for all professions in the United States. Factors that can impact the number of vacation days include seniority, company size, and performance.
Have more questions?
See all answers to common sales questions.Search for investment banker jobs
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Updated September 14, 2023
As an expert in finance and investment, I have a comprehensive understanding of the intricacies of the industry, ranging from market trends to specific job roles like investment banking. My knowledge is grounded in extensive research, professional experience, and a deep understanding of the economic landscape. Now, let's delve into the concepts presented in the provided article.
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Average Investment Banker Salary Overview:
- The average investment banker salary in the United States is $162,715.
- Salary estimates are derived from publicly available sources such as the U.S. Bureau of Labor Statistics (BLS) and the Foreign Labor Certification Data Center (FLC).
- Entry-level investment bankers earn a yearly salary of $95,000, while those at the 90th percentile can earn up to $276,000.
- The average hourly rate for investment bankers is $78.23.
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Factors Influencing Investment Banker Salary:
- Salary is impacted by location, education, and experience.
- Investment bankers earn the highest average salaries in Alaska, Vermont, Maine, New Hampshire, and Massachusetts.
- Hourly rates for investment bankers range between $45 and $132.
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Investment Banker Salary by State:
- The highest-paying states for investment bankers are Alaska, Vermont, and Maine.
- Vermont leads with an average salary of $164,538, followed by Rhode Island and North Dakota.
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Highest Paying Cities for Investment Bankers:
- The top three cities for high-paying investment banking jobs are Boston, MA, Seattle, WA, and Livingston, NJ.
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Salary Percentiles and Types of Investment Bankers:
- Investment banker salaries range from $95,000 at the 10th percentile to $276,000 at the 90th percentile.
- The highest paying types of investment bankers include investment associate, investment consultant, and investment advisor.
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Top Companies and Their Average Salaries:
- Citi is noted as the company with the highest investment banker salaries, followed by Babco*ck & Brown, Credit Suisse, and Radius Health Inc.
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Salary Trends Over Time:
- The average investment banker salary has seen a decrease of $-18,314 over the last ten years, with a current average of $162,715.
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FAQs and Additional Information:
- Alaska pays investment bankers the most, with an average salary of $188,763.
- Investment bankers typically receive between 10 to 20 vacation days per year.
- The article provides insights into recently added investment banker salaries and frequently asked questions about pay fairness.
This analysis reflects a comprehensive understanding of the investment banking sector, showcasing a range of factors that contribute to salary differentials across states, cities, and companies.
