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 Pay in Rockford: What to Expect (2026)

Rockford offers a median investment banker salary of $114,400, which is $16,900 below the Illinois state average of $131,300. Compared to the national median of $130,000, Rockford pays below the national benchmark for this role.

One of Rockford's biggest advantages is its low cost of living at 82% of the national average. This means the $114,400 salary stretches further here — equivalent to roughly $139,512 in an average-cost city. This makes Rockford an attractive option for investment bankers seeking strong real-dollar compensation.

The salary range for investment bankers in Rockford spans from $66,000 at the 10th percentile to $281,600 at the 90th percentile — a $215,600 spread. Entry-level professionals start around $70,400, while senior investment bankers with 8+ years of experience can earn up to $264,000. With a population of 148,655, Rockford is a mid-sized metro with a growing job market.

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.

Find Investment Banker Jobs in Rockford

Browse open investment banker positions in Rockford, IL:

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Frequently Asked Questions: Investment Banker Salary in Rockford

How much does a Investment Banker make in Rockford, IL? ▼
The median investment banker salary in Rockford, Illinois is $114,400 per year, which is 12% below the national median of $130,000. Salaries range from $66,000 (10th percentile) to $281,600 (90th percentile).
How much does a Investment Banker make per hour in Rockford? ▼
Based on the median annual salary of $114,400, a investment banker in Rockford earns approximately $55 per hour assuming a standard 2,080-hour work year.
How does Rockford compare to the Illinois state average for investment banker pay? ▼
Rockford's median investment banker salary of $114,400 is 12.9% below the Illinois state average of $131,300. The local cost of living index is 82% of the national average.
What is the cost of living in Rockford, IL? ▼
Rockford has a cost of living index of 82% compared to the national average. This means a investment banker salary of $114,400 in Rockford has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a investment banker in Rockford? ▼
Most investment banker positions in Rockford 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.