Business & Finance Indiana (IN) Rank #35 of 50

Investment Banker Salary in Indiana

The median investment banker salary in Indiana is $117,000 per year, which is 10% below the national median of $130,000.

Median Salary
$117,000
vs National
$-13,000
State Rank
#35 of 50
Cost of Living
90%

Investment Banker Salary Overview in Indiana (2026)

Indiana ranks #35 out of 50 states for investment banker compensation. Investment Banker salaries in Indiana are below the national median, though the lower cost of living can offset the difference. At $117,000 per year, investment bankers in Indiana earn $13,000 less than the national median of $130,000.

A key advantage of working in Indiana is its below-average cost of living (90% of the national index). This means the $117,000 salary has the purchasing power of roughly $130,000 in an average-cost area.

The salary spread in Indiana is significant: investment bankers at the 10th percentile earn $67,500, while those at the 90th percentile bring home $288,000 — a $220,500 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Indiana for this role is Carmel, where the median reaches $136,500.

Nationally, investment banker employment is projected to grow 7% over the next decade (faster than average). This steady growth indicates stable demand for investment bankers across the country.

Investment Banker Salary in Indiana by Experience

In Indiana, an entry-level investment banker earns around $72,000, while experienced professionals earn up to $270,000 per year. The cost of living index in Indiana is 90% of the national average.

Entry Level (0-2 yrs)
$72,000
$-8,000 vs national
Mid Level (3-7 yrs)
$121,500
$-13,500 vs national
Senior Level (8+ yrs)
$270,000
$-30,000 vs national

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Salary Percentiles in Indiana

Percentile IN Salary
10th Percentile $67,500
25th Percentile $85,500
Median (50th) $117,000
75th Percentile $189,000
90th Percentile $288,000

Investment Banker Salary by City in Indiana

The largest employment areas for investment bankers in Indiana include Indianapolis, Fort Wayne, Evansville, and South Bend. Salaries vary by city based on local cost of living and demand.

How to Become a Investment Banker in Indiana

Education

Most investment banker positions require a bachelor's degree. Indiana has several accredited institutions offering relevant programs.

Key Skills

Financial ModelingValuationM&AExcelPowerPointDue Diligence

Job Outlook in Indiana

Nationally, investment banker employment is projected to grow 7% over the next decade (faster than average). Indiana's demand may vary based on local industry trends.

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Frequently Asked Questions: Investment Banker Salary in Indiana

How much does a Investment Banker make in Indiana? ▼
The median investment banker salary in Indiana is $117,000 per year, which is 10% below the national median of $130,000. Salaries range from $67,500 (10th percentile) to $288,000 (90th percentile).
How much does a Investment Banker make per hour in Indiana? ▼
Based on the median annual salary of $117,000, a investment banker in Indiana earns approximately $56 per hour assuming a standard 2,080-hour work year.
Is Indiana a good state for investment bankers? ▼
Indiana ranks #35 out of 50 states for investment banker pay. The cost of living index is 90% of the national average. Entry-level investment bankers earn $72,000, while senior professionals earn $270,000.
How does Indiana compare to other states for investment banker salary? ▼
The highest paying state for investment bankers is Hawaii at $221,000. Indiana's median of $117,000 ranks #35 nationally. Nearby-ranked states include Wyoming ($119,600) and Louisiana ($118,300).
What is the entry-level investment banker salary in Indiana? ▼
An entry-level investment banker in Indiana earns approximately $72,000 per year. With 3-7 years of experience, pay increases to around $121,500. Senior-level professionals with 8+ years earn up to $270,000.
What city in Indiana pays investment bankers the most? ▼
Carmel is the highest paying city in Indiana for investment bankers, with a median salary of $136,500. Other cities include Indianapolis and Fort Wayne.