Google Trend graph of an Investment Banker shows it was steady until November 2008 when it took a hit. In May 2009, Chicago Investment Banker was considering for the bankrupt Sun-Times Media Group. Since that time, Investment Bankers have become stable again even with a little slump in March 2012.
Bureau of Labor Statistics doesn’t provide any information for an Investment Banker, but a Financial Analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments. BLS states that in 2010 the median pay was $74,350 a year which is around $35.75 an hour for an Investment Banker. To get a position as an Investment Banker it requires a Bachelor’s degree. The total number of jobs reported in 2010 by the BLS for Investment Bankers was 236,000 with a growth rate of 23% expected from 2010 – 2020. This is a faster growth rate than other careers and will add around 54,200 Investment Banker jobs to the market from 2010 to 2020. If you use our state by state salary data below for Investment Bankers you’ll see you can earn as much as $141,000 a year which is around $66,650 more a year than a Financial Analysts by choosing one of the highest paying states in Investment Banking in New York.
It’s important to take a look at where you’ll be working as an Investment Banker because it can dramatically effect the amount you’re paid. Our state by state Investment Banker salary data below shows you how much you’ll make in each state in the United States. Below we’ve listed the top 10 paying states for an Investment Banker job title.
Top 10 Highest Paying States for Investment Bankers:
- New York – $141,000
- Mississippi – $140,000
- Virgin Islands – $138,000
- Washington, D.C. – $137,000
- Massachusetts – $137,000
- California – $132,000
- Georgia – $131,000
- Connecticut – $130,000
- American Samoa – $129,000
- Alabama – $123,000
Listed below is information that is specific to an Investment Banker job salaries that you can expect to receive in that state area. Our state by state breakdown allows you to see which state is best to get a job as an Investment Banker. The salary information provided below is off of real-world job listings for Investment Bankers and the pay offered for those jobs. We source Indeed, Simply Hired, PayScale and GlassDoor.com. The information provided by Indeed about their process for collecting salary averages is as follows: “Indeed Salary Search is based on an index of salary information extracted from over 50 million job postings from thousands of unique sources over the last 12 months. Many job descriptions don’t contain salary information, but there are enough that do to produce statistically significant median salaries for millions of keyword, job title and location combinations – in fact, most job searches you are likely to think of. As new jobs are added each day, the Indeed Salary Search index is automatically updated with fresh salary data, so the salary results are as up-to-date as they could possibly be.”