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Investment banker salary
Average investment banker salary
$162,715
Understanding Investment Banker Salaries
Investment bankers are pivotal in the finance sector, primarily focusing on mergers, acquisitions, and capital raising. As of October 2025, the average salary for investment bankers stands at $162,715 yearly. This figure can fluctuate based on several factors including geographic location, years of experience, and the specific institution's scale.
Factors Influencing Salary
Investment bankers in major financial hubs, such as New York City, often earn significantly more due to high demand and living costs. For example, salaries can reach upwards of $200,000 in these locations. Additionally, investment bankers with advanced degrees or certifications may command higher salaries.
Salary Variations by State
- New York: $200,000+
- California: $180,000+
- Texas: $150,000+
Understanding these salary dynamics is crucial for anyone considering a career in investment banking. By evaluating salary trends across different states and institutions, prospective bankers can make informed decisions about their career paths.
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Where can an Investment Banker earn more?
Investment banker salary estimates from across the web
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
Highest paying states for investment bankers
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Vermont | $164,538 | $79.10 |
| 2 | Rhode Island | $160,107 | $76.97 |
| 3 | North Dakota | $159,564 | $76.71 |
| 4 | Maine | $164,377 | $79.03 |
| 5 | Alaska | $188,763 | $90.75 |
| 6 | Michigan | $153,236 | $73.67 |
| 7 | Pennsylvania | $152,942 | $73.53 |
| 8 | Ohio | $147,908 | $71.11 |
| 9 | New Hampshire | $163,073 | $78.40 |
| 10 | Massachusetts | $161,605 | $77.69 |
| 11 | Connecticut | $158,089 | $76.00 |
| 12 | Wisconsin | $151,662 | $72.91 |
| 13 | New York | $155,786 | $74.90 |
| 14 | Delaware | $151,776 | $72.97 |
| 15 | New Jersey | $154,801 | $74.42 |
| 16 | Minnesota | $154,223 | $74.15 |
| 17 | Alabama | $144,752 | $69.59 |
| 18 | Maryland | $150,475 | $72.34 |
| 19 | Indiana | $143,561 | $69.02 |
| 20 | South Carolina | $145,112 | $69.77 |
| 21 | Washington | $154,405 | $74.23 |
| 22 | North Carolina | $145,378 | $69.89 |
| 23 | South Dakota | $142,029 | $68.28 |
| 24 | Illinois | $145,929 | $70.16 |
| 25 | West Virginia | $146,691 | $70.52 |
| 26 | Florida | $148,086 | $71.20 |
| 27 | Texas | $145,882 | $70.14 |
| 28 | Montana | $147,131 | $70.74 |
| 29 | Oregon | $148,485 | $71.39 |
| 30 | Louisiana | $148,131 | $71.22 |
| 31 | California | $149,106 | $71.69 |
| 32 | Nevada | $147,140 | $70.74 |
| 33 | Kentucky | $140,848 | $67.72 |
| 34 | Virginia | $148,582 | $71.43 |
| 35 | District of Columbia | $149,957 | $72.09 |
| 36 | Mississippi | $145,160 | $69.79 |
| 37 | Georgia | $144,520 | $69.48 |
| 38 | Hawaii | $146,666 | $70.51 |
| 39 | Arizona | $144,296 | $69.37 |
| 40 | Tennessee | $139,184 | $66.92 |
| 41 | Idaho | $140,931 | $67.76 |
| 42 | Wyoming | $132,104 | $63.51 |
| 43 | Iowa | $140,027 | $67.32 |
| 44 | Oklahoma | $137,691 | $66.20 |
| 45 | New Mexico | $141,562 | $68.06 |
| 46 | Arkansas | $138,171 | $66.43 |
| 47 | Missouri | $135,061 | $64.93 |
| 48 | Kansas | $133,179 | $64.03 |
| 49 | Nebraska | $134,612 | $64.72 |
| 50 | Utah | $137,028 | $65.88 |
| 51 | Colorado | $131,220 | $63.09 |
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 |
|---|---|---|---|
| 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 |
| 5 | San Francisco, CA | $163,655 | $78.68 |
| 6 | Harrisburg, PA | $162,355 | $78.06 |
| 7 | Cleveland, OH | $162,193 | $77.98 |
| 8 | Baltimore, MD | $160,258 | $77.05 |
| 9 | Chicago, IL | $157,098 | $75.53 |
| 10 | Houston, TX | $156,983 | $75.47 |
| 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 Babcock & 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 | Babcock & 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 |
Wage gap by gender, race and education
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 |
|---|---|---|---|
| 2025 | $163,000 | $78.23 | +3.9% |
| 2024 | $156,000 | $75.21 | -3.0% |
| 2023 | $161,000 | $77.44 | +0.5% |
| 2022 | $160,000 | $77.03 | -5.5% |
| 2021 | $169,000 | $81.30 | -6.3% |
Recently added investment banker salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Mizuho | Investment & Corporate Banking | Infrastructure & Project Finance | Natural Resources, Power & Infra | Day, NY | 06/28/2025 | $250,000 |
| Goldman Sachs | GBM-Private Dept-New York-Investment Banking, Capital Solutions Group, Financial & Strategic Inves | New York, NY | 06/25/2025 | $110,000 |
| UBS | Investment Banker, Healthcare | New York, NY | 06/13/2025 | $187,500 |
| Jpmorgan Chase | Corporate & Investment Bank | New York, NY | 06/12/2025 | $175,000 |
| Jpmorganchase | Corporate & Investment Bank | Fine, NY | 06/11/2025 | $175,000 |
| Santander Bank | Investment Banking Vice | New York, NY | 06/04/2025 | $202,500 |
| Jpmorgan Chase & Co | Investment Banker-Healthcare (Medtech)-Vice President | San Francisco, CA | 05/28/2025 | $200,000 |
| Baird | Investment Banking Vice | Fine, NY | 05/22/2025 | $250,000 |
| Jpmorgan Chase Bank, N.A | Global Investment Banking Planning & Analysis | New York, NY | 05/21/2025 | $128,250 |
| Mizuho Financial Group | Investment & Corporate Banking | Infrastructure & Project Finance | Digital Infrastructure-Directo | New York, NY | 05/21/2025 | $275,000 |
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