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 Pay in Duluth: What to Expect (2026)

Duluth offers a median investment banker salary of $119,600, which is $9,100 below the Minnesota state average of $128,700. Compared to the national median of $130,000, Duluth pays below the national benchmark for this role.

Duluth'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 Duluth spans from $69,000 at the 10th percentile to $294,400 at the 90th percentile — a $225,400 spread. Entry-level professionals start around $73,600, while senior investment bankers with 8+ years of experience can earn up to $276,000. Duluth is a smaller market (pop. 90,884), which may mean fewer openings but also less competition for available positions.

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.

Find Investment Banker Jobs in Duluth

Browse open investment banker positions in Duluth, MN:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Investment Banker Salary in Duluth

How much does a Investment Banker make in Duluth, MN? ▼
The median investment banker salary in Duluth, Minnesota is $119,600 per year, which is 8% below the national median of $130,000. Salaries range from $69,000 (10th percentile) to $294,400 (90th percentile).
How much does a Investment Banker make per hour in Duluth? ▼
Based on the median annual salary of $119,600, a investment banker in Duluth earns approximately $58 per hour assuming a standard 2,080-hour work year.
How does Duluth compare to the Minnesota state average for investment banker pay? ▼
Duluth's median investment banker salary of $119,600 is 7.1% below the Minnesota state average of $128,700. The local cost of living index is 90% of the national average.
What is the cost of living in Duluth, MN? ▼
Duluth has a cost of living index of 90% compared to the national average. This means a investment banker salary of $119,600 in Duluth has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a investment banker in Duluth? ▼
Most investment banker positions in Duluth 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.