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Best states for an investment banker
- Rank 1 - 10
- 11 - 20
- 21 - 30
- 31 - 40
- 41 - 51
Investment banker opportunities vary in different parts of the country. In order to help you determine the best states for investment bankers, we ranked all fifty states from best to worst for investment bankers.Our research shows that Vermont is the best state in the country for investment bankers.
To that end, we dove into our dataset of job and salary numbers to figure out which states have the best opportunities for investment bankers. Vermont is the best state for investment bankers, where the median salary is $164,538.If you are currently seeking employment as an investment banker, you can find open job positions using Zippia's search tools.
10 best states for investment bankers in 2026
1. Vermont
Total investment banker jobs: 40 Average annual salary: $164,538 Lowest 10 percent earn: $107,000 Highest 10 percent earn: $250,000 Location Quotient: 1.28
2. Rhode Island
Total investment banker jobs: 70 Average annual salary: $160,107 Lowest 10 percent earn: $104,000 Highest 10 percent earn: $244,000 Location Quotient: 1.41
3. North Dakota
Total investment banker jobs: 38 Average annual salary: $159,564 Lowest 10 percent earn: $103,000 Highest 10 percent earn: $247,000 Location Quotient: 1
4. Maine
Total investment banker jobs: 46 Average annual salary: $164,377 Lowest 10 percent earn: $107,000 Highest 10 percent earn: $250,000 Location Quotient: 0.85
5. Alaska
Total investment banker jobs: 24 Average annual salary: $188,763 Lowest 10 percent earn: $130,000 Highest 10 percent earn: $273,000 Location Quotient: 0.71
6. Michigan
Total investment banker jobs: 319 Average annual salary: $153,236 Lowest 10 percent earn: $97,000 Highest 10 percent earn: $240,000 Location Quotient: 1.01
7. Pennsylvania
Total investment banker jobs: 574 Average annual salary: $152,942 Lowest 10 percent earn: $98,000 Highest 10 percent earn: $238,000 Location Quotient: 1.21
8. Ohio
Total investment banker jobs: 681 Average annual salary: $147,908 Lowest 10 percent earn: $93,000 Highest 10 percent earn: $235,000 Location Quotient: 1.63
9. New Hampshire
Total investment banker jobs: 45 Average annual salary: $163,073 Lowest 10 percent earn: $107,000 Highest 10 percent earn: $248,000 Location Quotient: 0.63
10. Massachusetts
Total investment banker jobs: 373 Average annual salary: $161,605 Lowest 10 percent earn: $105,000 Highest 10 percent earn: $246,000 Location Quotient: 1
Investment banker jobsNear Columbus, OH
How Zippia determines the best states to be an investment banker
You can read about how the best state rankings are calculated here.
Detailed list of the best states for an investment banker
| Rank | State | Average salary | Lowest 10% earn | Population | Job count |
|---|---|---|---|---|---|
| 1 | Vermont | $164,538 | $107,000 | 623,657 | 40 |
| 2 | Rhode Island | $160,107 | $104,000 | 1,059,639 | 70 |
| 3 | North Dakota | $159,564 | $103,000 | 755,393 | 38 |
| 4 | Maine | $164,377 | $107,000 | 1,335,907 | 46 |
| 5 | Alaska | $188,763 | $130,000 | 739,795 | 24 |
| 6 | Michigan | $153,236 | $97,000 | 9,962,311 | 319 |
| 7 | Pennsylvania | $152,942 | $98,000 | 12,805,537 | 574 |
| 8 | Ohio | $147,908 | $93,000 | 11,658,609 | 681 |
| 9 | New Hampshire | $163,073 | $107,000 | 1,342,795 | 45 |
| 10 | Massachusetts | $161,605 | $105,000 | 6,859,819 | 373 |
| 11 | Connecticut | $158,089 | $102,000 | 3,588,184 | 148 |
| 12 | Wisconsin | $151,662 | $96,000 | 5,795,483 | 218 |
| 13 | New York | $155,786 | $100,000 | 19,849,399 | 898 |
| 14 | Delaware | $151,776 | $97,000 | 961,939 | 71 |
| 15 | New Jersey | $154,801 | $100,000 | 9,005,644 | 452 |
| 16 | Minnesota | $154,223 | $98,000 | 5,576,606 | 162 |
| 17 | Alabama | $144,752 | $90,000 | 4,874,747 | 189 |
| 18 | Maryland | $150,475 | $95,000 | 6,052,177 | 326 |
| 19 | Indiana | $143,561 | $89,000 | 6,666,818 | 343 |
| 20 | South Carolina | $145,112 | $90,000 | 5,024,369 | 221 |
| 21 | Washington | $154,405 | $98,000 | 7,405,743 | 219 |
| 22 | North Carolina | $145,378 | $90,000 | 10,273,419 | 380 |
| 23 | South Dakota | $142,029 | $87,000 | 869,666 | 52 |
| 24 | Illinois | $145,929 | $91,000 | 12,802,023 | 615 |
| 25 | West Virginia | $146,691 | $92,000 | 1,815,857 | 32 |
| 26 | Florida | $148,086 | $94,000 | 20,984,400 | 575 |
| 27 | Texas | $145,882 | $91,000 | 28,304,596 | 792 |
| 28 | Montana | $147,131 | $92,000 | 1,050,493 | 35 |
| 29 | Oregon | $148,485 | $93,000 | 4,142,776 | 153 |
| 30 | Louisiana | $148,131 | $93,000 | 4,684,333 | 76 |
| 31 | California | $149,106 | $94,000 | 39,536,653 | 1,051 |
| 32 | Nevada | $147,140 | $92,000 | 2,998,039 | 53 |
| 33 | Kentucky | $140,848 | $86,000 | 4,454,189 | 145 |
| 34 | Virginia | $148,582 | $94,000 | 8,470,020 | 298 |
| 35 | District of Columbia | $149,957 | $95,000 | 693,972 | 51 |
| 36 | Mississippi | $145,160 | $90,000 | 2,984,100 | 46 |
| 37 | Georgia | $144,520 | $90,000 | 10,429,379 | 358 |
| 38 | Hawaii | $146,666 | $90,000 | 1,427,538 | 26 |
| 39 | Arizona | $144,296 | $90,000 | 7,016,270 | 189 |
| 40 | Tennessee | $139,184 | $85,000 | 6,715,984 | 182 |
| 41 | Idaho | $140,931 | $86,000 | 1,716,943 | 59 |
| 42 | Wyoming | $132,104 | $79,000 | 579,315 | 33 |
| 43 | Iowa | $140,027 | $85,000 | 3,145,711 | 93 |
| 44 | Oklahoma | $137,691 | $84,000 | 3,930,864 | 85 |
| 45 | New Mexico | $141,562 | $87,000 | 2,088,070 | 38 |
| 46 | Arkansas | $138,171 | $84,000 | 3,004,279 | 58 |
| 47 | Missouri | $135,061 | $81,000 | 6,113,532 | 231 |
| 48 | Kansas | $133,179 | $80,000 | 2,913,123 | 118 |
| 49 | Nebraska | $134,612 | $81,000 | 1,920,076 | 65 |
| 50 | Utah | $137,028 | $83,000 | 3,101,833 | 78 |
| 51 | Colorado | $131,220 | $78,000 | 5,607,154 | 220 |
Highest paying states for investment bankers
| Rank | State | Avg. Investment Banker Salary |
|---|---|---|
| 1 | Vermont | $164,538 |
| 2 | Rhode Island | $160,107 |
| 3 | North Dakota | $159,564 |
| 4 | Maine | $164,377 |
| 5 | Alaska | $188,763 |
| 6 | Michigan | $153,236 |
| 7 | Pennsylvania | $152,942 |
| 8 | Ohio | $147,908 |
| 9 | New Hampshire | $163,073 |
| 10 | Massachusetts | $161,605 |
| 11 | Connecticut | $158,089 |
| 12 | Wisconsin | $151,662 |
| 13 | New York | $155,786 |
| 14 | Delaware | $151,776 |
| 15 | New Jersey | $154,801 |
| 16 | Minnesota | $154,223 |
| 17 | Alabama | $144,752 |
| 18 | Maryland | $150,475 |
| 19 | Indiana | $143,561 |
| 20 | South Carolina | $145,112 |
| 21 | Washington | $154,405 |
| 22 | North Carolina | $145,378 |
| 23 | South Dakota | $142,029 |
| 24 | Illinois | $145,929 |
| 25 | West Virginia | $146,691 |
| 26 | Florida | $148,086 |
| 27 | Texas | $145,882 |
| 28 | Montana | $147,131 |
| 29 | Oregon | $148,485 |
| 30 | Louisiana | $148,131 |
| 31 | California | $149,106 |
| 32 | Nevada | $147,140 |
| 33 | Kentucky | $140,848 |
| 34 | Virginia | $148,582 |
| 35 | District of Columbia | $149,957 |
| 36 | Mississippi | $145,160 |
| 37 | Georgia | $144,520 |
| 38 | Hawaii | $146,666 |
| 39 | Arizona | $144,296 |
| 40 | Tennessee | $139,184 |
| 41 | Idaho | $140,931 |
| 42 | Wyoming | $132,104 |
| 43 | Iowa | $140,027 |
| 44 | Oklahoma | $137,691 |
| 45 | New Mexico | $141,562 |
| 46 | Arkansas | $138,171 |
| 47 | Missouri | $135,061 |
| 48 | Kansas | $133,179 |
| 49 | Nebraska | $134,612 |
| 50 | Utah | $137,028 |
| 51 | Colorado | $131,220 |
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Updated January 8, 2025