Business & Finance Davenport, IA Pop. 101,724

Investment Banker Salary in Davenport, Iowa

The median investment banker salary in Davenport, IA is $111,800 per year, which is 14% below the national median and 3.4% below the Iowa state average.

City Median
$111,800
vs State Avg
$-3,900
vs National
$-18,200
Cost of Living
86%

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

Davenport offers a median investment banker salary of $111,800, which is $3,900 below the Iowa state average of $115,700. Compared to the national median of $130,000, Davenport pays below the national benchmark for this role.

One of Davenport's biggest advantages is its low cost of living at 86% of the national average. This means the $111,800 salary stretches further here — equivalent to roughly $130,000 in an average-cost city. This makes Davenport an attractive option for investment bankers seeking strong real-dollar compensation.

The salary range for investment bankers in Davenport spans from $64,500 at the 10th percentile to $275,200 at the 90th percentile — a $210,700 spread. Entry-level professionals start around $68,800, while senior investment bankers with 8+ years of experience can earn up to $258,000. With a population of 101,724, Davenport is a mid-sized metro with a growing job market.

Investment Banker Salary in Davenport by Experience

In Davenport, an entry-level investment banker earns around $68,800, while experienced professionals earn up to $258,000 per year. The local cost of living index is 86% of the national average.

Entry Level (0-2 yrs)
$68,800
$-11,200 vs national
Mid Level (3-7 yrs)
$116,100
$-18,900 vs national
Senior Level (8+ yrs)
$258,000
$-42,000 vs national

Salary Percentiles in Davenport, IA

Percentile Davenport
10th Percentile $64,500
25th Percentile $81,700
Median (50th) $111,800
75th Percentile $180,600
90th Percentile $275,200

Investment Banker Salary in Other Iowa Cities

Iowa City, IA
$123,500
Pop. 74,828
Des Moines, IA
$119,600
Pop. 214,133
Cedar Rapids, IA
$114,400
Pop. 137,710
Sioux City, IA
$109,200
Pop. 85,797

How to Become a Investment Banker in Davenport

Education

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

Find Investment Banker Jobs in Davenport

Browse open investment banker positions in Davenport, IA:

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Frequently Asked Questions: Investment Banker Salary in Davenport

How much does a Investment Banker make in Davenport, IA? ▼
The median investment banker salary in Davenport, Iowa is $111,800 per year, which is 14% below the national median of $130,000. Salaries range from $64,500 (10th percentile) to $275,200 (90th percentile).
How much does a Investment Banker make per hour in Davenport? ▼
Based on the median annual salary of $111,800, a investment banker in Davenport earns approximately $54 per hour assuming a standard 2,080-hour work year.
How does Davenport compare to the Iowa state average for investment banker pay? ▼
Davenport's median investment banker salary of $111,800 is 3.4% below the Iowa state average of $115,700. The local cost of living index is 86% of the national average.
What is the cost of living in Davenport, IA? ▼
Davenport has a cost of living index of 86% compared to the national average. This means a investment banker salary of $111,800 in Davenport has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a investment banker in Davenport? ▼
Most investment banker positions in Davenport 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.