Business & Finance Duluth, MN Pop. 90,884

Investment Banker Salary in Duluth, Minnesota

The median investment banker salary in Duluth, MN is $119,600 per year, which is 8% below the national median and 7.1% below the Minnesota state average.

City Median
$119,600
vs State Avg
$-9,100
vs National
$-10,400
Cost of Living
90%

Investment Banker Salary in Duluth by Experience

In Duluth, an entry-level investment banker earns around $73,600, while experienced professionals earn up to $276,000 per year. The local cost of living index is 90% of the national average.

Entry Level (0-2 yrs)
$73,600
$-6,400 vs national
Mid Level (3-7 yrs)
$124,200
$-10,800 vs national
Senior Level (8+ yrs)
$276,000
$-24,000 vs national

Salary Percentiles in Duluth, MN

Percentile Duluth
10th Percentile $69,000
25th Percentile $87,400
Median (50th) $119,600
75th Percentile $193,200
90th Percentile $294,400

Investment Banker Salary in Other Minnesota Cities

Minneapolis, MN
$139,100
Pop. 429,954
Bloomington, MN
$135,200
Pop. 89,987
Saint Paul, MN
$132,600
Pop. 311,527
Rochester, MN
$130,000
Pop. 121,395

How to Become a Investment Banker in Duluth

Education

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