Business & Finance Minnesota (MN) Rank #19 of 50

Investment Banker Salary in Minnesota

The median investment banker salary in Minnesota is $128,700 per year, which is 1% below the national median of $130,000.

Median Salary
$128,700
vs National
$-1,300
State Rank
#19 of 50
Cost of Living
97%

Investment Banker Salary in Minnesota by Experience

In Minnesota, an entry-level investment banker earns around $79,200, while experienced professionals earn up to $297,000 per year. The cost of living index in Minnesota is 97% of the national average.

Entry Level (0-2 yrs)
$79,200
$-800 vs national
Mid Level (3-7 yrs)
$133,650
$-1,350 vs national
Senior Level (8+ yrs)
$297,000
$-3,000 vs national

Salary Percentiles in Minnesota

Percentile MN Salary
10th Percentile $74,250
25th Percentile $94,050
Median (50th) $128,700
75th Percentile $207,900
90th Percentile $316,800

Investment Banker Salary by City in Minnesota

The largest employment areas for investment bankers in Minnesota include Minneapolis, Saint Paul, Rochester, and Duluth. Salaries vary by city based on local cost of living and demand.

How to Become a Investment Banker in Minnesota

Education

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

Key Skills

Financial ModelingValuationM&AExcelPowerPointDue Diligence

Job Outlook in Minnesota

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