Best cities for an investment banker
The best cities for investment bankers are Toledo, OH, Milwaukee, WI, and Philadelphia, PA, based on factors like average salary and job availability per capita. Jobs and pay for investment bankers vary across the country, but we've determined the ten best cities for investment bankers in the U.S.
Whether you're starting your career as an investment banker or considering a move, this list of the best cities for investment bankers to live in will help you decide. These aren't just the best-paying cities for investment bankers. We also consider how easy it is to find work as an investment banker. While the absolute best city for investment bankers is Toledo, OH, there are plenty of other great places to consider.
Keep reading to learn more about the best cities for investment bankers in 2024.
If you're looking for an investment banker job, here are five companies hiring now:
10 best cities for investment bankers in 2026
1. Toledo, OH
Investment banker jobs in ToledoTotal investment banker jobs: 0 Average annual salary: $161,027 Lowest 10 percent warn: $89,000 Highest 10 percent earn: $290,000 Location quotient: 0.00 2. Milwaukee, WI
Investment banker jobs in MilwaukeeTotal investment banker jobs: 0 Average annual salary: $163,257 Lowest 10 percent warn: $89,000 Highest 10 percent earn: $297,000 Location quotient: 0.00 3. Philadelphia, PA
Investment banker jobs in PhiladelphiaTotal investment banker jobs: 1 Average annual salary: $162,843 Lowest 10 percent warn: $92,000 Highest 10 percent earn: $285,000 Location quotient: 1.39 4. Cleveland, OH
Investment banker jobs in ClevelandTotal investment banker jobs: 0 Average annual salary: $162,193 Lowest 10 percent warn: $90,000 Highest 10 percent earn: $290,000 Location quotient: 0.00 5. Columbus, OH
Investment banker jobs in ColumbusTotal investment banker jobs: 0 Average annual salary: $156,009 Lowest 10 percent warn: $86,000 Highest 10 percent earn: $282,000 Location quotient: 0.00 6. Detroit, MI
Investment banker jobs in DetroitTotal investment banker jobs: 0 Average annual salary: $164,952 Lowest 10 percent warn: $91,000 Highest 10 percent earn: $296,000 Location quotient: 0.00 7. Pittsburgh, PA
Investment banker jobs in PittsburghTotal investment banker jobs: 0 Average annual salary: $160,247 Lowest 10 percent warn: $89,000 Highest 10 percent earn: $285,000 Location quotient: 0.00 8. Anchorage, AK
Investment banker jobs in AnchorageTotal investment banker jobs: 0 Average annual salary: $242,256 Lowest 10 percent warn: $131,000 Highest 10 percent earn: $446,000 Location quotient: 0.00 9. Reno, NV
Investment banker jobs in RenoTotal investment banker jobs: 1 Average annual salary: $160,338 Lowest 10 percent warn: $90,000 Highest 10 percent earn: $285,000 Location quotient: 8.92 10. Madison, WI
Investment banker jobs in MadisonTotal investment banker jobs: 0 Average annual salary: $161,434 Lowest 10 percent warn: $88,000 Highest 10 percent earn: $295,000 Location quotient: 0.00
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Best cities for investment bankers
- Toledo, OH
- Milwaukee, WI
- Philadelphia, PA
- Cleveland, OH
- Columbus, OH
- Detroit, MI
- Pittsburgh, PA
- Anchorage, AK
- Reno, NV
- Madison, WI
Detailed list of the best cities for an investment banker
| Rank | City | Average salary | Lowest 10% Earn | Population | Job count |
|---|---|---|---|---|---|
| 1 | Toledo, OH | $161,027 | $89,000 | 278,508 | - |
| 2 | Milwaukee, WI | $163,257 | $89,000 | 595,047 | - |
| 3 | Philadelphia, PA | $162,843 | $92,000 | 1,567,872 | 1 |
| 4 | Cleveland, OH | $162,193 | $90,000 | 385,809 | - |
| 5 | Columbus, OH | $156,009 | $86,000 | 860,090 | - |
| 6 | Detroit, MI | $164,952 | $91,000 | 672,795 | - |
| 7 | Pittsburgh, PA | $160,247 | $89,000 | 303,625 | - |
| 8 | Anchorage, AK | $242,256 | $131,000 | 298,192 | - |
| 9 | Reno, NV | $160,338 | $90,000 | 245,255 | 1 |
| 10 | Madison, WI | $161,434 | $88,000 | 252,551 | - |
| 11 | Fort Wayne, IN | $157,315 | $86,000 | 264,488 | - |
| 12 | Minneapolis, MN | $167,857 | $92,000 | 413,651 | 1 |
| 13 | New Orleans, LA | $158,430 | $89,000 | 391,495 | - |
| 14 | Saint Paul, MN | $167,896 | $92,000 | 302,398 | - |
| 15 | Charlotte, NC | $153,541 | $84,000 | 842,051 | 6 |
| 16 | Cincinnati, OH | $152,188 | $83,000 | 298,800 | - |
| 17 | Nashville, TN | $146,997 | $79,000 | 660,388 | 1 |
| 18 | Houston, TX | $156,983 | $88,000 | 2,303,482 | 4 |
| 19 | Raleigh, NC | $155,222 | $86,000 | 458,880 | - |
| 20 | Winston-Salem, NC | $153,988 | $84,000 | 242,203 | - |
| 21 | Durham, NC | $155,053 | $86,000 | 263,016 | - |
| 22 | Indianapolis, IN | $151,476 | $82,000 | 855,164 | - |
| 23 | Lexington, KY | $150,668 | $81,000 | 318,449 | - |
| 24 | Memphis, TN | $146,758 | $79,000 | 652,717 | - |
| 25 | Corpus Christi, TX | $157,416 | $88,000 | 325,733 | - |
| 26 | Laredo, TX | $157,345 | $88,000 | 257,156 | - |
| 27 | San Antonio, TX | $156,331 | $87,000 | 1,492,510 | - |
| 28 | Louisville, KY | $149,226 | $80,000 | 597,337 | - |
| 29 | Boston, MA | $175,566 | $100,000 | 673,184 | - |
| 30 | Dallas, TX | $152,915 | $84,000 | 1,317,929 | - |
| 31 | Las Vegas, NV | $155,565 | $86,000 | 632,912 | - |
| 32 | Arlington, TX | $152,899 | $84,000 | 392,772 | - |
| 33 | Austin, TX | $155,821 | $87,000 | 947,890 | 1 |
| 34 | North Las Vegas, NV | $155,408 | $86,000 | 238,702 | - |
| 35 | El Paso, TX | $152,875 | $84,000 | 683,080 | - |
| 36 | Garland, TX | $152,763 | $84,000 | 234,943 | - |
| 37 | Henderson, NV | $155,136 | $86,000 | 292,969 | - |
| 38 | Greensboro, NC | $154,362 | $85,000 | 287,027 | - |
| 39 | Fort Worth, TX | $152,759 | $84,000 | 854,113 | - |
| 40 | Irving, TX | $152,751 | $84,000 | 238,289 | - |
| 41 | Jacksonville, FL | $159,332 | $89,000 | 880,619 | - |
| 42 | Orlando, FL | $158,102 | $89,000 | 277,173 | - |
| 43 | Chandler, AZ | $152,546 | $84,000 | 247,477 | - |
| 44 | Tampa, FL | $157,597 | $89,000 | 377,165 | - |
| 45 | Gilbert, AZ | $152,509 | $84,000 | 237,133 | - |
| 46 | Saint Petersburg, FL | $157,362 | $89,000 | 260,999 | - |
| 47 | Plano, TX | $152,567 | $83,000 | 286,057 | - |
| 48 | Glendale, AZ | $152,465 | $84,000 | 245,895 | - |
| 49 | Phoenix, AZ | $152,399 | $84,000 | 1,615,017 | 1 |
| 50 | Mesa, AZ | $152,415 | $84,000 | 484,587 | - |
Highest paying cities for investment bankers
| Rank | City | Avg. investment banker salary |
|---|---|---|
| 1 | Boston, MA | $175,566 |
| 2 | Seattle, WA | $168,805 |
| 3 | Livingston, NJ | $165,809 |
| 4 | New York, NY | $165,751 |
| 5 | San Francisco, CA | $163,655 |
| 6 | Harrisburg, PA | $162,355 |
| 7 | Cleveland, OH | $162,193 |
| 8 | Baltimore, MD | $160,258 |
| 9 | Chicago, IL | $157,098 |
| 10 | Houston, TX | $156,983 |
| 11 | Charlotte, NC | $153,541 |
| 12 | Atlanta, GA | $152,633 |
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Updated January 8, 2025