Business & Finance Minneapolis, MN Pop. 429,954

Investment Banker Salary in Minneapolis, Minnesota

The median investment banker salary in Minneapolis, MN is $139,100 per year, which is 7.0% above the national median and 8.1% above the Minnesota state average.

City Median
$139,100
vs State Avg
+$10,400
vs National
+$9,100
Cost of Living
105%

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

Minneapolis offers a median investment banker salary of $139,100, which is $10,400 above the Minnesota state average of $128,700. Compared to the national median of $130,000, Minneapolis pays above average for this role.

Minneapolis's cost of living is 105% 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 Minneapolis spans from $80,250 at the 10th percentile to $342,400 at the 90th percentile — a $262,150 spread. Entry-level professionals start around $85,600, while senior investment bankers with 8+ years of experience can earn up to $321,000. With a population of 429,954, Minneapolis is a mid-sized metro with a growing job market.

Investment Banker Salary in Minneapolis by Experience

In Minneapolis, an entry-level investment banker earns around $85,600, while experienced professionals earn up to $321,000 per year. The local cost of living index is 105% of the national average.

Entry Level (0-2 yrs)
$85,600
+$5,600 vs national
Mid Level (3-7 yrs)
$144,450
+$9,450 vs national
Senior Level (8+ yrs)
$321,000
+$21,000 vs national

Salary Percentiles in Minneapolis, MN

Percentile Minneapolis
10th Percentile $80,250
25th Percentile $101,650
Median (50th) $139,100
75th Percentile $224,700
90th Percentile $342,400

Investment Banker Salary in Other Minnesota Cities

Bloomington, MN
$135,200
Pop. 89,987
Saint Paul, MN
$132,600
Pop. 311,527
Rochester, MN
$130,000
Pop. 121,395
Duluth, MN
$119,600
Pop. 90,884

How to Become a Investment Banker in Minneapolis

Education

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

Find Investment Banker Jobs in Minneapolis

Browse open investment banker positions in Minneapolis, MN:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Investment Banker Salary in Minneapolis

How much does a Investment Banker make in Minneapolis, MN? ▼
The median investment banker salary in Minneapolis, Minnesota is $139,100 per year, which is 7.0% above the national median of $130,000. Salaries range from $80,250 (10th percentile) to $342,400 (90th percentile).
How much does a Investment Banker make per hour in Minneapolis? ▼
Based on the median annual salary of $139,100, a investment banker in Minneapolis earns approximately $67 per hour assuming a standard 2,080-hour work year.
How does Minneapolis compare to the Minnesota state average for investment banker pay? ▼
Minneapolis's median investment banker salary of $139,100 is 8.1% above the Minnesota state average of $128,700. The local cost of living index is 105% of the national average.
What is the cost of living in Minneapolis, MN? ▼
Minneapolis has a cost of living index of 105% compared to the national average. This means a investment banker salary of $139,100 in Minneapolis has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a investment banker in Minneapolis? ▼
Most investment banker positions in Minneapolis 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.