Business & Finance Covington, KY
Pop. 40,961
Investment Banker Salary in Covington, Kentucky
The median investment banker salary in Covington, KY is $114,400 per year, which is 12% below the national median and 1.1% above the Kentucky state average.
City Median
$114,400
vs State Avg
+$1,300
vs National
$-15,600
Cost of Living
88%
Investment Banker Salary in Covington by Experience
In Covington, 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 Covington, KY
| Percentile | Covington |
|---|---|
| 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 Kentucky Cities
How to Become a Investment Banker in Covington
Education
Most investment banker positions require a bachelor's degree. Covington and the surrounding Kentucky 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 Covington may vary based on local industry and population growth.