Business & Finance Baltimore, MD Pop. 585,708

Investment Banker Salary in Baltimore, Maryland

The median investment banker salary in Baltimore, MD is $146,900 per year, which is 13.0% above the national median and 1.7% below the Maryland state average.

City Median
$146,900
vs State Avg
$-2,600
vs National
+$16,900
Cost of Living
108%

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

Baltimore offers a median investment banker salary of $146,900, which is $2,600 below the Maryland state average of $149,500. Compared to the national median of $130,000, Baltimore pays above average for this role.

Baltimore's cost of living is 108% of the national average, meaning salary figures here closely reflect actual purchasing power. This makes direct comparisons to other cities straightforward.

The salary range for investment bankers in Baltimore spans from $84,750 at the 10th percentile to $361,600 at the 90th percentile — a $276,850 spread. Entry-level professionals start around $90,400, while senior investment bankers with 8+ years of experience can earn up to $339,000. As a major metro area with a population of 585,708, Baltimore typically offers more job opportunities and employer competition, which can drive salaries higher.

Investment Banker Salary in Baltimore by Experience

In Baltimore, an entry-level investment banker earns around $90,400, while experienced professionals earn up to $339,000 per year. The local cost of living index is 108% of the national average.

Entry Level (0-2 yrs)
$90,400
+$10,400 vs national
Mid Level (3-7 yrs)
$152,550
+$17,550 vs national
Senior Level (8+ yrs)
$339,000
+$39,000 vs national

Salary Percentiles in Baltimore, MD

Percentile Baltimore
10th Percentile $84,750
25th Percentile $107,350
Median (50th) $146,900
75th Percentile $237,300
90th Percentile $361,600

Investment Banker Salary in Other Maryland Cities

Silver Spring, MD
$165,100
Pop. 81,015
Columbia, MD
$159,900
Pop. 104,681
Germantown, MD
$156,000
Pop. 90,676
Waldorf, MD
$143,000
Pop. 77,000

How to Become a Investment Banker in Baltimore

Education

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

Find Investment Banker Jobs in Baltimore

Browse open investment banker positions in Baltimore, MD:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Investment Banker Salary in Baltimore

How much does a Investment Banker make in Baltimore, MD? ▼
The median investment banker salary in Baltimore, Maryland is $146,900 per year, which is 13.0% above the national median of $130,000. Salaries range from $84,750 (10th percentile) to $361,600 (90th percentile).
How much does a Investment Banker make per hour in Baltimore? ▼
Based on the median annual salary of $146,900, a investment banker in Baltimore earns approximately $71 per hour assuming a standard 2,080-hour work year.
How does Baltimore compare to the Maryland state average for investment banker pay? ▼
Baltimore's median investment banker salary of $146,900 is 1.7% below the Maryland state average of $149,500. The local cost of living index is 108% of the national average.
What is the cost of living in Baltimore, MD? ▼
Baltimore has a cost of living index of 108% compared to the national average. This means a investment banker salary of $146,900 in Baltimore has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a investment banker in Baltimore? ▼
Most investment banker positions in Baltimore 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.