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 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.