Business & Finance Grand Rapids, MI Pop. 198,917

Investment Banker Salary in Grand Rapids, Michigan

The median investment banker salary in Grand Rapids, MI is $117,000 per year, which is 10% below the national median and 0.0% above the Michigan state average.

City Median
$117,000
vs State Avg
+$0
vs National
$-13,000
Cost of Living
90%

Investment Banker Pay in Grand Rapids: What to Expect (2026)

Grand Rapids offers a median investment banker salary of $117,000, which is $0 above the Michigan state average of $117,000. Compared to the national median of $130,000, Grand Rapids pays below the national benchmark for this role.

Grand Rapids's cost of living is 90% 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 Grand Rapids spans from $67,500 at the 10th percentile to $288,000 at the 90th percentile — a $220,500 spread. Entry-level professionals start around $72,000, while senior investment bankers with 8+ years of experience can earn up to $270,000. With a population of 198,917, Grand Rapids is a mid-sized metro with a growing job market.

Investment Banker Salary in Grand Rapids by Experience

In Grand Rapids, an entry-level investment banker earns around $72,000, while experienced professionals earn up to $270,000 per year. The local cost of living index is 90% of the national average.

Entry Level (0-2 yrs)
$72,000
$-8,000 vs national
Mid Level (3-7 yrs)
$121,500
$-13,500 vs national
Senior Level (8+ yrs)
$270,000
$-30,000 vs national

Salary Percentiles in Grand Rapids, MI

Percentile Grand Rapids
10th Percentile $67,500
25th Percentile $85,500
Median (50th) $117,000
75th Percentile $189,000
90th Percentile $288,000

Investment Banker Salary in Other Michigan Cities

Ann Arbor, MI
$136,500
Pop. 123,851
Detroit, MI
$114,400
Pop. 639,111
Warren, MI
$114,400
Pop. 139,387
Lansing, MI
$111,800
Pop. 112,644

How to Become a Investment Banker in Grand Rapids

Education

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

Find Investment Banker Jobs in Grand Rapids

Browse open investment banker positions in Grand Rapids, MI:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Investment Banker Salary in Grand Rapids

How much does a Investment Banker make in Grand Rapids, MI? ▼
The median investment banker salary in Grand Rapids, Michigan is $117,000 per year, which is 10% below the national median of $130,000. Salaries range from $67,500 (10th percentile) to $288,000 (90th percentile).
How much does a Investment Banker make per hour in Grand Rapids? ▼
Based on the median annual salary of $117,000, a investment banker in Grand Rapids earns approximately $56 per hour assuming a standard 2,080-hour work year.
How does Grand Rapids compare to the Michigan state average for investment banker pay? ▼
Grand Rapids's median investment banker salary of $117,000 is 0.0% above the Michigan state average of $117,000. The local cost of living index is 90% of the national average.
What is the cost of living in Grand Rapids, MI? ▼
Grand Rapids has a cost of living index of 90% compared to the national average. This means a investment banker salary of $117,000 in Grand Rapids has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a investment banker in Grand Rapids? ▼
Most investment banker positions in Grand Rapids 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.