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Best states for an investment banking associate
- Rank 1 - 10
- 11 - 20
- 21 - 30
- 31 - 40
- 41 - 51
Do you wonder which states in the U.S. are the best for investment banking associates? If so, we have the full list of best to worst states for investment banking associate jobs for you to check out and see if you think it's time to move and start anew. Not all states fare the same when it come to job opportunity and pay.Our research shows that Arizona is the best state in the country for investment banking associates.
In order to get you the best states for investment banking associates, we looked at our data on jobs and wages -- specifically the average annual wage and the number of available jobs per capita.Arizona is the best state, and Grants Pass is the city with the highest pay for investment banking associates.
10 best states for investment banking associates in 2025
1. Arizona
Total investment banking associate jobs: 188 Average annual salary: $114,335 Lowest 10 percent earn: $72,000 Highest 10 percent earn: $179,000 Location Quotient: 1.262. California
Total investment banking associate jobs: 939 Average annual salary: $129,102 Lowest 10 percent earn: $82,000 Highest 10 percent earn: $201,000 Location Quotient: 1.263. Washington
Total investment banking associate jobs: 199 Average annual salary: $119,109 Lowest 10 percent earn: $74,000 Highest 10 percent earn: $190,000 Location Quotient: 1.074. Alaska
Total investment banking associate jobs: 24 Average annual salary: $114,526 Lowest 10 percent earn: $72,000 Highest 10 percent earn: $181,000 Location Quotient: 1.135. New York
Total investment banking associate jobs: 940 Average annual salary: $111,513 Lowest 10 percent earn: $75,000 Highest 10 percent earn: $164,000 Location Quotient: 2.876. Oregon
Total investment banking associate jobs: 78 Average annual salary: $136,637 Lowest 10 percent earn: $87,000 Highest 10 percent earn: $213,000 Location Quotient: 0.747. Nevada
Total investment banking associate jobs: 39 Average annual salary: $113,049 Lowest 10 percent earn: $71,000 Highest 10 percent earn: $179,000 Location Quotient: 0.738. Minnesota
Total investment banking associate jobs: 116 Average annual salary: $113,057 Lowest 10 percent earn: $74,000 Highest 10 percent earn: $171,000 Location Quotient: 0.689. Michigan
Total investment banking associate jobs: 168 Average annual salary: $105,571 Lowest 10 percent earn: $70,000 Highest 10 percent earn: $157,000 Location Quotient: 0.8510. New Jersey
Total investment banking associate jobs: 236 Average annual salary: $107,505 Lowest 10 percent earn: $72,000 Highest 10 percent earn: $158,000 Location Quotient: 1.17
Investment banking associate jobsNear Columbus, OH
How Zippia determines the best states to be an investment banking associate
You can read about how the best state rankings are calculated here.
Detailed list of the best states for an investment banking associate
| Rank | State | Average salary | Lowest 10% earn | Population | Job count |
|---|---|---|---|---|---|
| 1 | Arizona | $114,335 | $72,000 | 7,016,270 | 188 |
| 2 | California | $129,102 | $82,000 | 39,536,653 | 939 |
| 3 | Washington | $119,109 | $74,000 | 7,405,743 | 199 |
| 4 | Alaska | $114,526 | $72,000 | 739,795 | 24 |
| 5 | New York | $111,513 | $75,000 | 19,849,399 | 940 |
| 6 | Oregon | $136,637 | $87,000 | 4,142,776 | 78 |
| 7 | Nevada | $113,049 | $71,000 | 2,998,039 | 39 |
| 8 | Minnesota | $113,057 | $74,000 | 5,576,606 | 116 |
| 9 | Michigan | $105,571 | $70,000 | 9,962,311 | 168 |
| 10 | New Jersey | $107,505 | $72,000 | 9,005,644 | 236 |
| 11 | Connecticut | $103,877 | $70,000 | 3,588,184 | 116 |
| 12 | Pennsylvania | $104,688 | $70,000 | 12,805,537 | 227 |
| 13 | District of Columbia | $109,963 | $74,000 | 693,972 | 68 |
| 14 | Utah | $105,193 | $65,000 | 3,101,833 | 70 |
| 15 | Vermont | $100,466 | $68,000 | 623,657 | 26 |
| 16 | Texas | $103,541 | $65,000 | 28,304,596 | 489 |
| 17 | Illinois | $100,805 | $66,000 | 12,802,023 | 352 |
| 18 | Maryland | $107,453 | $72,000 | 6,052,177 | 156 |
| 19 | Hawaii | $106,138 | $69,000 | 1,427,538 | 38 |
| 20 | Ohio | $98,508 | $66,000 | 11,658,609 | 205 |
| 21 | West Virginia | $98,371 | $66,000 | 1,815,857 | 29 |
| 22 | New Mexico | $105,749 | $66,000 | 2,088,070 | 26 |
| 23 | Massachusetts | $103,617 | $70,000 | 6,859,819 | 214 |
| 24 | New Hampshire | $101,287 | $69,000 | 1,342,795 | 33 |
| 25 | Idaho | $95,550 | $58,000 | 1,716,943 | 46 |
| 26 | Rhode Island | $96,299 | $65,000 | 1,059,639 | 37 |
| 27 | Wyoming | $90,436 | $55,000 | 579,315 | 40 |
| 28 | Virginia | $102,806 | $69,000 | 8,470,020 | 167 |
| 29 | Maine | $93,118 | $63,000 | 1,335,907 | 44 |
| 30 | North Carolina | $95,345 | $63,000 | 10,273,419 | 185 |
| 31 | Delaware | $93,196 | $63,000 | 961,939 | 68 |
| 32 | Iowa | $92,833 | $60,000 | 3,145,711 | 60 |
| 33 | South Carolina | $95,696 | $63,000 | 5,024,369 | 40 |
| 34 | Nebraska | $89,391 | $56,000 | 1,920,076 | 55 |
| 35 | Indiana | $91,307 | $60,000 | 6,666,818 | 121 |
| 36 | Florida | $91,064 | $59,000 | 20,984,400 | 386 |
| 37 | Colorado | $87,564 | $54,000 | 5,607,154 | 202 |
| 38 | Montana | $89,003 | $54,000 | 1,050,493 | 27 |
| 39 | Georgia | $93,423 | $61,000 | 10,429,379 | 145 |
| 40 | Wisconsin | $88,322 | $58,000 | 5,795,483 | 120 |
| 41 | North Dakota | $86,654 | $57,000 | 755,393 | 22 |
| 42 | Louisiana | $88,599 | $56,000 | 4,684,333 | 64 |
| 43 | Alabama | $89,195 | $57,000 | 4,874,747 | 50 |
| 44 | Tennessee | $86,731 | $56,000 | 6,715,984 | 78 |
| 45 | South Dakota | $81,118 | $51,000 | 869,666 | 30 |
| 46 | Kentucky | $84,037 | $55,000 | 4,454,189 | 62 |
| 47 | Mississippi | $84,863 | $54,000 | 2,984,100 | 34 |
| 48 | Missouri | $85,920 | $55,000 | 6,113,532 | 87 |
| 49 | Arkansas | $79,789 | $50,000 | 3,004,279 | 51 |
| 50 | Oklahoma | $81,606 | $51,000 | 3,930,864 | 43 |
| 51 | Kansas | $78,782 | $49,000 | 2,913,123 | 47 |
Highest paying states for investment banking associates
| Rank | State | Avg. Investment Banking Associate Salary |
|---|---|---|
| 1 | Arizona | $114,335 |
| 2 | California | $129,102 |
| 3 | Washington | $119,109 |
| 4 | Alaska | $114,526 |
| 5 | New York | $111,513 |
| 6 | Oregon | $136,637 |
| 7 | Nevada | $113,049 |
| 8 | Minnesota | $113,057 |
| 9 | Michigan | $105,571 |
| 10 | New Jersey | $107,505 |
| 11 | Connecticut | $103,877 |
| 12 | Pennsylvania | $104,688 |
| 13 | District of Columbia | $109,963 |
| 14 | Utah | $105,193 |
| 15 | Vermont | $100,466 |
| 16 | Texas | $103,541 |
| 17 | Illinois | $100,805 |
| 18 | Maryland | $107,453 |
| 19 | Hawaii | $106,138 |
| 20 | Ohio | $98,508 |
| 21 | West Virginia | $98,371 |
| 22 | New Mexico | $105,749 |
| 23 | Massachusetts | $103,617 |
| 24 | New Hampshire | $101,287 |
| 25 | Idaho | $95,550 |
| 26 | Rhode Island | $96,299 |
| 27 | Wyoming | $90,436 |
| 28 | Virginia | $102,806 |
| 29 | Maine | $93,118 |
| 30 | North Carolina | $95,345 |
| 31 | Delaware | $93,196 |
| 32 | Iowa | $92,833 |
| 33 | South Carolina | $95,696 |
| 34 | Nebraska | $89,391 |
| 35 | Indiana | $91,307 |
| 36 | Florida | $91,064 |
| 37 | Colorado | $87,564 |
| 38 | Montana | $89,003 |
| 39 | Georgia | $93,423 |
| 40 | Wisconsin | $88,322 |
| 41 | North Dakota | $86,654 |
| 42 | Louisiana | $88,599 |
| 43 | Alabama | $89,195 |
| 44 | Tennessee | $86,731 |
| 45 | South Dakota | $81,118 |
| 46 | Kentucky | $84,037 |
| 47 | Mississippi | $84,863 |
| 48 | Missouri | $85,920 |
| 49 | Arkansas | $79,789 |
| 50 | Oklahoma | $81,606 |
| 51 | Kansas | $78,782 |
Investment banking associate best states FAQs
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Updated January 8, 2025