Business & Finance Cambridge, MA Pop. 118,403

Investment Banker Salary in Cambridge, Massachusetts

The median investment banker salary in Cambridge, MA is $217,100 per year, which is 67.0% above the national median and 17.6% above the Massachusetts state average.

City Median
$217,100
vs State Avg
+$32,500
vs National
+$87,100
Cost of Living
160%

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

Cambridge offers a median investment banker salary of $217,100, which is $32,500 above the Massachusetts state average of $184,600. Compared to the national median of $130,000, Cambridge pays above average for this role.

However, Cambridge's cost of living index is 160%, significantly above the national average. After adjusting for local costs, the $217,100 salary has an effective purchasing power of approximately $135,688. Housing, transportation, and food costs in Cambridge should be factored into any relocation or job-change decision.

The salary range for investment bankers in Cambridge spans from $125,250 at the 10th percentile to $534,400 at the 90th percentile — a $409,150 spread. Entry-level professionals start around $133,600, while senior investment bankers with 8+ years of experience can earn up to $501,000. With a population of 118,403, Cambridge is a mid-sized metro with a growing job market.

Investment Banker Salary in Cambridge by Experience

In Cambridge, an entry-level investment banker earns around $133,600, while experienced professionals earn up to $501,000 per year. The local cost of living index is 160% of the national average.

Entry Level (0-2 yrs)
$133,600
+$53,600 vs national
Mid Level (3-7 yrs)
$225,450
+$90,450 vs national
Senior Level (8+ yrs)
$501,000
+$201,000 vs national

Salary Percentiles in Cambridge, MA

Percentile Cambridge
10th Percentile $125,250
25th Percentile $158,650
Median (50th) $217,100
75th Percentile $350,700
90th Percentile $534,400

Investment Banker Salary in Other Massachusetts Cities

Boston, MA
$206,700
Pop. 675,647
Worcester, MA
$152,100
Pop. 206,518
Lowell, MA
$145,600
Pop. 115,554
Springfield, MA
$136,500
Pop. 155,929

How to Become a Investment Banker in Cambridge

Education

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

Find Investment Banker Jobs in Cambridge

Browse open investment banker positions in Cambridge, MA:

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Frequently Asked Questions: Investment Banker Salary in Cambridge

How much does a Investment Banker make in Cambridge, MA? ▼
The median investment banker salary in Cambridge, Massachusetts is $217,100 per year, which is 67.0% above the national median of $130,000. Salaries range from $125,250 (10th percentile) to $534,400 (90th percentile).
How much does a Investment Banker make per hour in Cambridge? ▼
Based on the median annual salary of $217,100, a investment banker in Cambridge earns approximately $104 per hour assuming a standard 2,080-hour work year.
How does Cambridge compare to the Massachusetts state average for investment banker pay? ▼
Cambridge's median investment banker salary of $217,100 is 17.6% above the Massachusetts state average of $184,600. The local cost of living index is 160% of the national average.
What is the cost of living in Cambridge, MA? ▼
Cambridge has a cost of living index of 160% compared to the national average. This means a investment banker salary of $217,100 in Cambridge has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a investment banker in Cambridge? ▼
Most investment banker positions in Cambridge 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.