Business & Finance Springfield, IL Pop. 114,394

Investment Banker Salary in Springfield, Illinois

The median investment banker salary in Springfield, IL is $118,300 per year, which is 9% below the national median and 9.9% below the Illinois state average.

City Median
$118,300
vs State Avg
$-13,000
vs National
$-11,700
Cost of Living
85%

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

Springfield offers a median investment banker salary of $118,300, which is $13,000 below the Illinois state average of $131,300. Compared to the national median of $130,000, Springfield pays below the national benchmark for this role.

One of Springfield's biggest advantages is its low cost of living at 85% of the national average. This means the $118,300 salary stretches further here — equivalent to roughly $139,176 in an average-cost city. This makes Springfield an attractive option for investment bankers seeking strong real-dollar compensation.

The salary range for investment bankers in Springfield spans from $68,250 at the 10th percentile to $291,200 at the 90th percentile — a $222,950 spread. Entry-level professionals start around $72,800, while senior investment bankers with 8+ years of experience can earn up to $273,000. With a population of 114,394, Springfield is a mid-sized metro with a growing job market.

Investment Banker Salary in Springfield by Experience

In Springfield, an entry-level investment banker earns around $72,800, while experienced professionals earn up to $273,000 per year. The local cost of living index is 85% of the national average.

Entry Level (0-2 yrs)
$72,800
$-7,200 vs national
Mid Level (3-7 yrs)
$122,850
$-12,150 vs national
Senior Level (8+ yrs)
$273,000
$-27,000 vs national

Salary Percentiles in Springfield, IL

Percentile Springfield
10th Percentile $68,250
25th Percentile $86,450
Median (50th) $118,300
75th Percentile $191,100
90th Percentile $291,200

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
Rockford, IL
$114,400
Pop. 148,655

How to Become a Investment Banker in Springfield

Education

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

Find Investment Banker Jobs in Springfield

Browse open investment banker positions in Springfield, IL:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Investment Banker Salary in Springfield

How much does a Investment Banker make in Springfield, IL? ▼
The median investment banker salary in Springfield, Illinois is $118,300 per year, which is 9% below the national median of $130,000. Salaries range from $68,250 (10th percentile) to $291,200 (90th percentile).
How much does a Investment Banker make per hour in Springfield? ▼
Based on the median annual salary of $118,300, a investment banker in Springfield earns approximately $57 per hour assuming a standard 2,080-hour work year.
How does Springfield compare to the Illinois state average for investment banker pay? ▼
Springfield's median investment banker salary of $118,300 is 9.9% below the Illinois state average of $131,300. The local cost of living index is 85% of the national average.
What is the cost of living in Springfield, IL? ▼
Springfield has a cost of living index of 85% compared to the national average. This means a investment banker salary of $118,300 in Springfield has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a investment banker in Springfield? ▼
Most investment banker positions in Springfield 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.