Investment bankers can earn some hefty pay, helping to make it one of the most popular careers on Wall Street and the finance industry. Here is everything you might want to know about what an investment banker does and how much someone can earn in the role. What is an investment banker? Investment banks work with companies, governments and institutions to help them raise money. Accordingly, investment bankers are advisors for everything from negotiating an acquisition, selling the company, issuing a corporate bond or company stock, underwriting financial transactions and more. Like many roles in the finance industry, investment bankers have a well-defined hierarchy and pay structure, often ranging from investment banking analysts and associates to vice presidents and managing directors at the top. Investment banking salary: How much do investment bankers get paid? The average total compensation of an investment banker in the United States is $77,070 to $206,703, according to data from the Blind. professional social network An investment banker’s total compensation typically includes a cash salary and bonus. These are the 16 best-paying cities for investment bankers, across all levels, in the United States ranked by average total compensation, according to the more than 5 million verified professionals on Blind. Average total compensation: $206,703
Median total compensation: $152,500
Average salary: $120,046
Median base salary: $90,000 San Francisco Average total compensation: $202,926
Median total compensation: $170,000
Average salary: $131,980
Median base salary: $95,000 Houston Average total compensation: $201,000
Median total compensation: $125,000
Average salary: $128,000
Median base salary: $95,000 Milwaukee Average total compensation: $197,537
Median total compensation: $155,000
Average salary: $128,477
Median base salary: $95,000 New York Average total compensation: $185,714
Median total compensation: $157,500
Average salary: $122,750
Median base salary: $102,500 Minneapolis Average total compensation: $171,252
Median total compensation: $150,000
Average salary: $110,500
Median base salary: $90,000 Chicago Average total compensation: $170,005
Median total compensation: $135,000
Average salary: $115,000
Median base salary: $85,000 Nashville Average total compensation: $157,500
Median total compensation: $105,000
Average salary: $105,000
Median base salary: $92,500 Washington, D.C. Average total compensation: $156,634
Median total compensation: $135,000
Average salary: $108,329
Median base salary: $85,000 Los Angeles Average total compensation: $153,086
Median total compensation: $132,500
Average salary: $101,195
Median base salary: $85,000 Charlotte, N.C. Average total compensation: $149,227
Median total compensation: $152,500
Average salary: $97,159
Median base salary: $87,500 Boston Average total compensation: $143,000
Median total compensation: $135,000
Average salary: $106,428
Median base salary: $85,000 Palo Alto, Calif. Average total compensation: $140,114
Median total compensation: $125,000
Average salary: $94,314
Median base salary: $85,000 Atlanta Average total compensation: $116,357
Median total compensation: $98,000
Average salary: $86,125
Median base salary: $82,500 Dallas Average total compensation: $84,714
Median total compensation: $80,000
Average salary: $70,571
Median base salary: $65,000 Jacksonville, Fla. Average total compensation: $77,070
Median total compensation: $78,720
Average salary: $69,747
Median base salary: $60,000 Salt Lake City Methodology Blind analyzed the salaries and total compensation of investment bankers in the United States on its platform. Cities were ranked by the average total compensation, including cash salary and any bonuses. All data is self-reported by verified professionals on the professional social network Blind. Also published on Teamblind’s blog

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The 16 Highest-Paying Cities for Investment Bankers in the U.S

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