Business & Finance Montgomery, AL Pop. 200,603

Investment Banker Salary in Montgomery, Alabama

The median investment banker salary in Montgomery, AL is $111,800 per year, which is 14% below the national median and 1.1% below the Alabama state average.

City Median
$111,800
vs State Avg
$-1,300
vs National
$-18,200
Cost of Living
86%

Investment Banker Pay in Montgomery: What to Expect (2026)

Montgomery offers a median investment banker salary of $111,800, which is $1,300 below the Alabama state average of $113,100. Compared to the national median of $130,000, Montgomery pays below the national benchmark for this role.

One of Montgomery's biggest advantages is its low cost of living at 86% of the national average. This means the $111,800 salary stretches further here — equivalent to roughly $130,000 in an average-cost city. This makes Montgomery an attractive option for investment bankers seeking strong real-dollar compensation.

The salary range for investment bankers in Montgomery spans from $64,500 at the 10th percentile to $275,200 at the 90th percentile — a $210,700 spread. Entry-level professionals start around $68,800, while senior investment bankers with 8+ years of experience can earn up to $258,000. With a population of 200,603, Montgomery is a mid-sized metro with a growing job market.

Investment Banker Salary in Montgomery by Experience

In Montgomery, an entry-level investment banker earns around $68,800, while experienced professionals earn up to $258,000 per year. The local cost of living index is 86% of the national average.

Entry Level (0-2 yrs)
$68,800
$-11,200 vs national
Mid Level (3-7 yrs)
$116,100
$-18,900 vs national
Senior Level (8+ yrs)
$258,000
$-42,000 vs national

Salary Percentiles in Montgomery, AL

Percentile Montgomery
10th Percentile $64,500
25th Percentile $81,700
Median (50th) $111,800
75th Percentile $180,600
90th Percentile $275,200

Investment Banker Salary in Other Alabama Cities

Huntsville, AL
$119,600
Pop. 216,963
Birmingham, AL
$117,000
Pop. 197,575
Tuscaloosa, AL
$114,400
Pop. 101,129
Mobile, AL
$110,500
Pop. 187,041

How to Become a Investment Banker in Montgomery

Education

Most investment banker positions require a bachelor's degree. Montgomery and the surrounding Alabama area have institutions offering relevant programs.

Key Skills

Financial ModelingValuationM&AExcelPowerPointDue Diligence

Job Outlook

Nationally, investment banker employment is projected to grow 7% over the next decade (faster than average). Demand in Montgomery may vary based on local industry and population growth.

Find Investment Banker Jobs in Montgomery

Browse open investment banker positions in Montgomery, AL:

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Frequently Asked Questions: Investment Banker Salary in Montgomery

How much does a Investment Banker make in Montgomery, AL? ▼
The median investment banker salary in Montgomery, Alabama is $111,800 per year, which is 14% below the national median of $130,000. Salaries range from $64,500 (10th percentile) to $275,200 (90th percentile).
How much does a Investment Banker make per hour in Montgomery? ▼
Based on the median annual salary of $111,800, a investment banker in Montgomery earns approximately $54 per hour assuming a standard 2,080-hour work year.
How does Montgomery compare to the Alabama state average for investment banker pay? ▼
Montgomery's median investment banker salary of $111,800 is 1.1% below the Alabama state average of $113,100. The local cost of living index is 86% of the national average.
What is the cost of living in Montgomery, AL? ▼
Montgomery has a cost of living index of 86% compared to the national average. This means a investment banker salary of $111,800 in Montgomery has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a investment banker in Montgomery? ▼
Most investment banker positions in Montgomery require a bachelor's degree. Key skills include Financial Modeling, Valuation, M&A, Excel. The job market is projected to grow 7% nationally over the next decade.