Business & Finance Rockford, IL Pop. 148,655

Investment Banker Salary in Rockford, Illinois

The median investment banker salary in Rockford, IL is $114,400 per year, which is 12% below the national median and 12.9% below the Illinois state average.

City Median
$114,400
vs State Avg
$-16,900
vs National
$-15,600
Cost of Living
82%

Investment Banker Salary in Rockford by Experience

In Rockford, an entry-level investment banker earns around $70,400, while experienced professionals earn up to $264,000 per year. The local cost of living index is 82% of the national average.

Entry Level (0-2 yrs)
$70,400
$-9,600 vs national
Mid Level (3-7 yrs)
$118,800
$-16,200 vs national
Senior Level (8+ yrs)
$264,000
$-36,000 vs national

Salary Percentiles in Rockford, IL

Percentile Rockford
10th Percentile $66,000
25th Percentile $83,600
Median (50th) $114,400
75th Percentile $184,800
90th Percentile $281,600

Investment Banker Salary in Other Illinois Cities

Naperville, IL
$148,200
Pop. 149,540
Chicago, IL
$146,900
Pop. 2,693,976
Aurora, IL
$131,300
Pop. 197,757
Springfield, IL
$118,300
Pop. 114,394

How to Become a Investment Banker in Rockford

Education

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