Business & Finance Cedar Rapids, IA Pop. 137,710

Investment Banker Salary in Cedar Rapids, Iowa

The median investment banker salary in Cedar Rapids, IA is $114,400 per year, which is 12% below the national median and 1.1% below the Iowa state average.

City Median
$114,400
vs State Avg
$-1,300
vs National
$-15,600
Cost of Living
88%

Investment Banker Pay in Cedar Rapids: What to Expect (2026)

Cedar Rapids offers a median investment banker salary of $114,400, which is $1,300 below the Iowa state average of $115,700. Compared to the national median of $130,000, Cedar Rapids pays below the national benchmark for this role.

One of Cedar Rapids's biggest advantages is its low cost of living at 88% of the national average. This means the $114,400 salary stretches further here — equivalent to roughly $130,000 in an average-cost city. This makes Cedar Rapids an attractive option for investment bankers seeking strong real-dollar compensation.

The salary range for investment bankers in Cedar Rapids 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 137,710, Cedar Rapids is a mid-sized metro with a growing job market.

Investment Banker Salary in Cedar Rapids by Experience

In Cedar Rapids, 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 88% 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 Cedar Rapids, IA

Percentile Cedar Rapids
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 Iowa Cities

Iowa City, IA
$123,500
Pop. 74,828
Des Moines, IA
$119,600
Pop. 214,133
Davenport, IA
$111,800
Pop. 101,724
Sioux City, IA
$109,200
Pop. 85,797

How to Become a Investment Banker in Cedar Rapids

Education

Most investment banker positions require a bachelor's degree. Cedar Rapids and the surrounding Iowa 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 Cedar Rapids may vary based on local industry and population growth.

Find Investment Banker Jobs in Cedar Rapids

Browse open investment banker positions in Cedar Rapids, IA:

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Frequently Asked Questions: Investment Banker Salary in Cedar Rapids

How much does a Investment Banker make in Cedar Rapids, IA? ▼
The median investment banker salary in Cedar Rapids, Iowa 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 Cedar Rapids? ▼
Based on the median annual salary of $114,400, a investment banker in Cedar Rapids earns approximately $55 per hour assuming a standard 2,080-hour work year.
How does Cedar Rapids compare to the Iowa state average for investment banker pay? ▼
Cedar Rapids's median investment banker salary of $114,400 is 1.1% below the Iowa state average of $115,700. The local cost of living index is 88% of the national average.
What is the cost of living in Cedar Rapids, IA? ▼
Cedar Rapids has a cost of living index of 88% compared to the national average. This means a investment banker salary of $114,400 in Cedar Rapids has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a investment banker in Cedar Rapids? ▼
Most investment banker positions in Cedar Rapids 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.