Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
Investment banking internship salary
Average investment banking internship salary
$43,637
Let Zippia find your next investment banking internship job
Let Zippia find your next investment banking internship job
Average investment banking internship salary by state
Highest paying states for investment banking interns
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York | $71,877 | $34.56 |
| 2 | Connecticut | $70,549 | $33.92 |
| 3 | California | $85,659 | $41.18 |
| 4 | Rhode Island | $65,555 | $31.52 |
| 5 | Hawaii | $74,855 | $35.99 |
| 6 | Arizona | $69,650 | $33.49 |
| 7 | Delaware | $61,667 | $29.65 |
| 8 | Nevada | $65,720 | $31.60 |
| 9 | New Jersey | $67,804 | $32.60 |
| 10 | Washington | $67,154 | $32.29 |
| 11 | Massachusetts | $66,637 | $32.04 |
| 12 | New Hampshire | $59,615 | $28.66 |
| 13 | Pennsylvania | $65,132 | $31.31 |
| 14 | Michigan | $57,565 | $27.68 |
| 15 | Oregon | $62,421 | $30.01 |
| 16 | Idaho | $54,674 | $26.29 |
| 17 | New Mexico | $58,224 | $27.99 |
| 18 | Florida | $60,907 | $29.28 |
| 19 | Texas | $58,886 | $28.31 |
| 20 | Mississippi | $51,769 | $24.89 |
| 21 | Vermont | $50,788 | $24.42 |
| 22 | West Virginia | $51,718 | $24.86 |
| 23 | Virginia | $60,675 | $29.17 |
| 24 | Utah | $52,107 | $25.05 |
| 25 | Maryland | $57,571 | $27.68 |
| 26 | Louisiana | $55,162 | $26.52 |
| 27 | Wyoming | $47,094 | $22.64 |
| 28 | Alaska | $50,621 | $24.34 |
| 29 | District of Columbia | $60,521 | $29.10 |
| 30 | Colorado | $53,914 | $25.92 |
| 31 | North Carolina | $52,874 | $25.42 |
| 32 | Arkansas | $48,024 | $23.09 |
| 33 | Montana | $47,970 | $23.06 |
| 34 | Maine | $47,272 | $22.73 |
| 35 | Alabama | $49,783 | $23.93 |
| 36 | Kentucky | $46,772 | $22.49 |
| 37 | South Dakota | $44,537 | $21.41 |
| 38 | North Dakota | $44,925 | $21.60 |
| 39 | South Carolina | $49,593 | $23.84 |
| 40 | Ohio | $49,064 | $23.59 |
| 41 | Oklahoma | $46,327 | $22.27 |
| 42 | Tennessee | $46,441 | $22.33 |
| 43 | Wisconsin | $44,840 | $21.56 |
| 44 | Iowa | $43,295 | $20.81 |
| 45 | Nebraska | $42,174 | $20.28 |
| 46 | Minnesota | $45,949 | $22.09 |
| 47 | Georgia | $46,077 | $22.15 |
| 48 | Kansas | $43,249 | $20.79 |
| 49 | Illinois | $46,451 | $22.33 |
| 50 | Missouri | $44,631 | $21.46 |
| 51 | Indiana | $41,409 | $19.91 |
Investment banking internship salary details
An investment banking internship's salary ranges from $26,000 a year at the 10th percentile to $72,000 at the 90th percentile.
What is an investment banking internship's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $72,000 | $6,000 | $35 |
| 75th Percentile | $57,000 | $4,750 | $27 |
| Average | $43,637 | $3,636 | $21 |
| 25th Percentile | $33,000 | $2,750 | $16 |
| 10th Percentile | $26,000 | $2,167 | $13 |
Highest paying investment banking internship jobs
The highest paying types of investment banking interns are investment associate, investment consultant, and wealth management internship.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Summer Analyst | $66,837 | $5,570 | $32.13 | 44,912 |
| Financial Analyst Internship | $38,827 | $3,236 | $18.67 | 104,448 |
| Market Analyst Internship | $63,476 | $5,290 | $30.52 | 73,684 |
| Operations Internship | $33,357 | $2,780 | $16.04 | 111,994 |
| Business Analyst Internship | $45,560 | $3,797 | $21.90 | 157,977 |
| Data Analyst Internship | $38,752 | $3,229 | $18.63 | 135,614 |
Top companies hiring investment banking interns now:
Wage gap by gender, race and education
Investment banking internship salary trends
The average investment banking internship salary has risen by $6,702 over the last ten years. In 2014, the average investment banking internship earned $36,935 annually, but today, they earn $43,637 a year. That works out to a 9% change in pay for investment banking interns over the last decade.
Compare investment banking internship salaries for cities or states with the national average over time.
Average investment banking internship salary over time
Compare investment banking internship salaries for individual cities or states with the national average.
Investment banking internship salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2026 | $43,600 | $20.98 | +2.6% |
| 2025 | $42,500 | $20.44 | +1.6% |
| 2024 | $41,800 | $20.11 | +1.6% |
| 2023 | $41,200 | $19.79 | +3.0% |
| 2022 | $39,900 | $19.19 | +1.8% |
Recently added investment banking internship salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| First Horizon Corp | Intern-Commercial Banking | Baton Rouge, LA | 06/28/2025 | $41,740 |
| First Horizon | Intern-East Regional Banking | Chattanooga, TN | 06/26/2025 | $41,740 |
| Wells Fargo | 2026 Commercial Banking Summer Internship-Early Careers | Boston, MA | 06/26/2025 | $75,257 |
| Wells Fargo | 2026 Commercial Banking Summer Internship-Early Careers | Atlanta, GA | 06/26/2025 | $75,257 |
| GCM Grosvenor | 2026 Pe-Secondaries Investments Summer Intern | New York, NY | 06/22/2025 | $85,000 |
| Wells Fargo Bank | 2026 Commercial Banking Summer Internship-Early Careers | Charlotte, NC | 06/21/2025 | $75,257 |
| Wells Fargo | 2026 Commercial Banking Summer Internship-Early Careers | Dallas, TX | 06/17/2025 | $75,257 |
| Wells Fargo | 2026 Commercial Banking Summer Internship-Early Careers | Minneapolis, MN | 06/17/2025 | $75,257 |
| Wells Fargo | 2026 Commercial Banking Summer Internship-Early Careers | Chicago, IL | 06/17/2025 | $75,257 |
| Wells Fargo | 2026 Commercial Banking Summer Internship-Early Careers | Chandler, AZ | 06/17/2025 | $75,257 |
Investment banking internship salary FAQs
Search for investment banking internship jobs