Business & Finance Rochester, MN Pop. 121,395

Investment Banker Salary in Rochester, Minnesota

The median investment banker salary in Rochester, MN is $130,000 per year, which is 0.0% above the national median and 1.0% above the Minnesota state average.

City Median
$130,000
vs State Avg
+$1,300
vs National
+$0
Cost of Living
98%

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

Rochester offers a median investment banker salary of $130,000, which is $1,300 above the Minnesota state average of $128,700. Compared to the national median of $130,000, Rochester pays above average for this role.

Rochester's cost of living is 98% 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 Rochester spans from $75,000 at the 10th percentile to $320,000 at the 90th percentile — a $245,000 spread. Entry-level professionals start around $80,000, while senior investment bankers with 8+ years of experience can earn up to $300,000. With a population of 121,395, Rochester is a mid-sized metro with a growing job market.

Investment Banker Salary in Rochester by Experience

In Rochester, an entry-level investment banker earns around $80,000, while experienced professionals earn up to $300,000 per year. The local cost of living index is 98% of the national average.

Entry Level (0-2 yrs)
$80,000
+$0 vs national
Mid Level (3-7 yrs)
$135,000
+$0 vs national
Senior Level (8+ yrs)
$300,000
+$0 vs national

Salary Percentiles in Rochester, MN

Percentile Rochester
10th Percentile $75,000
25th Percentile $95,000
Median (50th) $130,000
75th Percentile $210,000
90th Percentile $320,000

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
Duluth, MN
$119,600
Pop. 90,884

How to Become a Investment Banker in Rochester

Education

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

Find Investment Banker Jobs in Rochester

Browse open investment banker positions in Rochester, MN:

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Frequently Asked Questions: Investment Banker Salary in Rochester

How much does a Investment Banker make in Rochester, MN? ▼
The median investment banker salary in Rochester, Minnesota is $130,000 per year, which is 0.0% above the national median of $130,000. Salaries range from $75,000 (10th percentile) to $320,000 (90th percentile).
How much does a Investment Banker make per hour in Rochester? ▼
Based on the median annual salary of $130,000, a investment banker in Rochester earns approximately $63 per hour assuming a standard 2,080-hour work year.
How does Rochester compare to the Minnesota state average for investment banker pay? ▼
Rochester's median investment banker salary of $130,000 is 1.0% above the Minnesota state average of $128,700. The local cost of living index is 98% of the national average.
What is the cost of living in Rochester, MN? ▼
Rochester has a cost of living index of 98% compared to the national average. This means a investment banker salary of $130,000 in Rochester has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a investment banker in Rochester? ▼
Most investment banker positions in Rochester 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.