Business & Finance Maryland (MD) Rank #8 of 50

Investment Banker Salary in Maryland

The median investment banker salary in Maryland is $149,500 per year, which is 15.0% above the national median of $130,000.

Median Salary

$149,500

vs National

+$19,500

State Rank

#8 of 50

Cost of Living

110%

Investment Banker Salary in Maryland by Experience

In Maryland, an entry-level investment banker earns around $92,000, while experienced professionals earn up to $345,000 per year. The cost of living index in Maryland is 110% of the national average.

Entry Level (0-2 yrs)

$92,000

+$12,000 vs national

Mid Level (3-7 yrs)

$155,250

+$20,250 vs national

Senior Level (8+ yrs)

$345,000

+$45,000 vs national

Salary Percentiles in Maryland

Percentile	MD Salary	National	Difference
10th Percentile	$86,250	$75,000	+$11,250
25th Percentile	$109,250	$95,000	+$14,250
Median (50th)	$149,500	$130,000	+$19,500
75th Percentile	$241,500	$210,000	+$31,500
90th Percentile	$368,000	$320,000	+$48,000

Investment Banker Salary by City in Maryland

The largest employment areas for investment bankers in Maryland include Baltimore, Columbia, Silver Spring, and Germantown. Salaries vary by city based on local cost of living and demand.

Baltimore, MD

$146,900

Pop. 585,708 · COL 108%

Columbia, MD

$159,900

Pop. 104,681 · COL 118%

Silver Spring, MD

$165,100

Pop. 81,015 · COL 122%

Germantown, MD

$156,000

Pop. 90,676 · COL 115%

Waldorf, MD

$143,000

Pop. 77,000 · COL 105%

How to Become a Investment Banker in Maryland

Education

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

Key Skills

Financial ModelingValuationM&AExcelPowerPointDue Diligence

Job Outlook in Maryland

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