Best cities for an investment banking associate
The best cities for investment banking associates are San Francisco, CA, Reno, NV, and Portland, OR, based on factors like average salary and job availability per capita. Jobs and pay for investment banking associates vary across the country, but we've determined the ten best cities for investment banking associates in the U.S.
Whether you're starting your career as an investment banking associate or considering a move, this list of the best cities for investment banking associates to live in will help you decide. These aren't just the best-paying cities for investment banking associates. We also consider how easy it is to find work as an investment banking associate. While the absolute best city for investment banking associates is San Francisco, CA, there are plenty of other great places to consider.
Keep reading to learn more about the best cities for investment banking associates in 2024.
If you're looking for an investment banking associate job, here are five companies hiring now:
10 best cities for investment banking associates in 2025
1. San Francisco, CA
Total investment banking associate jobs: 136 Average annual salary: $137,137 Lowest 10 percent warn: $85,000 Highest 10 percent earn: $220,000 Location quotient: 12.32 2. Reno, NV
Total investment banking associate jobs: 0 Average annual salary: $118,197 Lowest 10 percent warn: $73,000 Highest 10 percent earn: $190,000 Location quotient: 0.00 3. Portland, OR
Total investment banking associate jobs: 0 Average annual salary: $138,275 Lowest 10 percent warn: $83,000 Highest 10 percent earn: $228,000 Location quotient: 0.00 4. Glendale, AZ
Total investment banking associate jobs: 0 Average annual salary: $115,263 Lowest 10 percent warn: $71,000 Highest 10 percent earn: $184,000 Location quotient: 0.00 5. Las Vegas, NV
Total investment banking associate jobs: 0 Average annual salary: $112,574 Lowest 10 percent warn: $69,000 Highest 10 percent earn: $181,000 Location quotient: 0.00 6. North Las Vegas, NV
Total investment banking associate jobs: 0 Average annual salary: $112,434 Lowest 10 percent warn: $69,000 Highest 10 percent earn: $181,000 Location quotient: 0.00 7. Phoenix, AZ
Total investment banking associate jobs: 0 Average annual salary: $115,210 Lowest 10 percent warn: $71,000 Highest 10 percent earn: $184,000 Location quotient: 0.00 8. Scottsdale, AZ
Total investment banking associate jobs: 0 Average annual salary: $115,148 Lowest 10 percent warn: $71,000 Highest 10 percent earn: $184,000 Location quotient: 0.00 9. Henderson, NV
Total investment banking associate jobs: 0 Average annual salary: $112,130 Lowest 10 percent warn: $69,000 Highest 10 percent earn: $181,000 Location quotient: 0.00 10. Mesa, AZ
Total investment banking associate jobs: 0 Average annual salary: $114,333 Lowest 10 percent warn: $71,000 Highest 10 percent earn: $182,000 Location quotient: 0.00
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Best cities for investment banking associates
- San Francisco, CA
- Reno, NV
- Portland, OR
- Glendale, AZ
- Las Vegas, NV
- North Las Vegas, NV
- Phoenix, AZ
- Scottsdale, AZ
- Henderson, NV
- Mesa, AZ
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Detailed list of the best cities for an investment banking associate
| Rank | City | Average salary | Lowest 10% Earn | Population | Job count |
|---|---|---|---|---|---|
| 1 | San Francisco, CA | $137,137 | $85,000 | 870,887 | 136 |
| 2 | Reno, NV | $118,197 | $73,000 | 245,255 | - |
| 3 | Portland, OR | $138,275 | $83,000 | 639,863 | - |
| 4 | Glendale, AZ | $115,263 | $71,000 | 245,895 | - |
| 5 | Las Vegas, NV | $112,574 | $69,000 | 632,912 | - |
| 6 | North Las Vegas, NV | $112,434 | $69,000 | 238,702 | - |
| 7 | Phoenix, AZ | $115,210 | $71,000 | 1,615,017 | - |
| 8 | Scottsdale, AZ | $115,148 | $71,000 | 246,645 | - |
| 9 | Henderson, NV | $112,130 | $69,000 | 292,969 | - |
| 10 | Mesa, AZ | $114,333 | $71,000 | 484,587 | - |
| 11 | Chandler, AZ | $114,282 | $71,000 | 247,477 | - |
| 12 | Gilbert, AZ | $114,171 | $71,000 | 237,133 | - |
| 13 | Oakland, CA | $136,939 | $84,000 | 420,005 | - |
| 14 | Minneapolis, MN | $113,206 | $74,000 | 413,651 | 10 |
| 15 | Houston, TX | $104,021 | $65,000 | 2,303,482 | 103 |
| 16 | Sacramento, CA | $136,623 | $84,000 | 495,234 | - |
| 17 | Fremont, CA | $136,550 | $84,000 | 233,136 | - |
| 18 | Detroit, MI | $105,929 | $70,000 | 672,795 | - |
| 19 | Philadelphia, PA | $105,320 | $70,000 | 1,567,872 | 6 |
| 20 | San Jose, CA | $136,302 | $84,000 | 1,025,350 | - |
| 21 | Stockton, CA | $136,229 | $84,000 | 307,072 | - |
| 22 | Cleveland, OH | $101,311 | $67,000 | 385,809 | 3 |
| 23 | Seattle, WA | $121,116 | $73,000 | 704,352 | - |
| 24 | Tucson, AZ | $111,622 | $69,000 | 530,706 | - |
| 25 | Los Angeles, CA | $128,543 | $79,000 | 3,976,322 | 28 |
| 26 | Saint Paul, MN | $113,227 | $74,000 | 302,398 | - |
| 27 | Anchorage, AK | $116,656 | $72,000 | 298,192 | - |
| 28 | Fresno, CA | $134,108 | $83,000 | 522,053 | - |
| 29 | Toledo, OH | $99,366 | $66,000 | 278,508 | - |
| 30 | Albuquerque, NM | $106,247 | $66,000 | 559,277 | - |
| 31 | San Antonio, TX | $104,915 | $65,000 | 1,492,510 | - |
| 32 | Pittsburgh, PA | $101,918 | $68,000 | 303,625 | - |
| 33 | Bakersfield, CA | $131,860 | $81,000 | 376,380 | - |
| 34 | Columbus, OH | $97,406 | $65,000 | 860,090 | - |
| 35 | El Paso, TX | $105,556 | $66,000 | 683,080 | - |
| 36 | Laredo, TX | $104,473 | $65,000 | 257,156 | - |
| 37 | Austin, TX | $104,464 | $65,000 | 947,890 | - |
| 38 | Corpus Christi, TX | $104,107 | $65,000 | 325,733 | - |
| 39 | Lubbock, TX | $103,572 | $65,000 | 252,506 | - |
| 40 | Dallas, TX | $102,716 | $64,000 | 1,317,929 | 8 |
| 41 | Plano, TX | $102,442 | $64,000 | 286,057 | 6 |
| 42 | New York, NY | $111,644 | $75,000 | 8,537,673 | 44 |
| 43 | Fort Worth, TX | $102,879 | $64,000 | 854,113 | - |
| 44 | Raleigh, NC | $97,118 | $64,000 | 458,880 | 5 |
| 45 | Long Beach, CA | $127,682 | $79,000 | 470,130 | - |
| 46 | Arlington, TX | $102,850 | $64,000 | 392,772 | - |
| 47 | Anaheim, CA | $127,514 | $79,000 | 351,043 | - |
| 48 | Santa Ana, CA | $127,242 | $78,000 | 334,217 | - |
| 49 | Riverside, CA | $127,138 | $78,000 | 324,722 | - |
| 50 | Irving, TX | $102,695 | $64,000 | 238,289 | - |
Highest paying cities for investment banking associates
| Rank | City | Avg. investment banking associate salary |
|---|---|---|
| 1 | San Francisco, CA | $137,137 |
| 2 | Seattle, WA | $121,116 |
| 3 | Minneapolis, MN | $113,206 |
| 4 | New York, NY | $111,644 |
| 5 | Washington, DC | $110,027 |
| 6 | Baltimore, MD | $107,819 |
| 7 | Fort Lee, NJ | $107,799 |
| 8 | Troy, MI | $106,002 |
| 9 | Philadelphia, PA | $105,320 |
| 10 | Arlington, VA | $104,611 |
| 11 | Salt Lake City, UT | $104,064 |
| 12 | Houston, TX | $104,021 |
| 13 | Greenwich, CT | $103,883 |
| 14 | Boston, MA | $103,766 |
| 15 | Cleveland, OH | $101,311 |
| 16 | Chicago, IL | $101,299 |
| 17 | Raleigh, NC | $97,118 |
| 18 | Providence, RI | $96,384 |
| 19 | Wilmington, DE | $93,445 |
| 20 | Atlanta, GA | $92,664 |
Investment banking associate best cities FAQs
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Updated January 8, 2025