Business & Finance Chicago, IL Pop. 2,693,976

Investment Banker Salary in Chicago, Illinois

The median investment banker salary in Chicago, IL is $146,900 per year, which is 13.0% above the national median and 11.9% above the Illinois state average.

City Median
$146,900
vs State Avg
+$15,600
vs National
+$16,900
Cost of Living
107%

Investment Banker Salary in Chicago by Experience

In Chicago, an entry-level investment banker earns around $90,400, while experienced professionals earn up to $339,000 per year. The local cost of living index is 107% of the national average.

Entry Level (0-2 yrs)
$90,400
+$10,400 vs national
Mid Level (3-7 yrs)
$152,550
+$17,550 vs national
Senior Level (8+ yrs)
$339,000
+$39,000 vs national

Salary Percentiles in Chicago, IL

Percentile Chicago
10th Percentile $84,750
25th Percentile $107,350
Median (50th) $146,900
75th Percentile $237,300
90th Percentile $361,600

Investment Banker Salary in Other Illinois Cities

Naperville, IL
$148,200
Pop. 149,540
Aurora, IL
$131,300
Pop. 197,757
Springfield, IL
$118,300
Pop. 114,394
Rockford, IL
$114,400
Pop. 148,655

How to Become a Investment Banker in Chicago

Education

Most investment banker positions require a bachelor's degree. Chicago and the surrounding Illinois 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 Chicago may vary based on local industry and population growth.