Business & Finance Newark, NJ
Pop. 311,549
Investment Banker Salary in Newark, New Jersey
The median investment banker salary in Newark, NJ is $156,000 per year, which is 20.0% above the national median and 2.4% below the New Jersey state average.
City Median
$156,000
vs State Avg
$-3,900
vs National
+$26,000
Cost of Living
112%
Investment Banker Salary in Newark by Experience
In Newark, an entry-level investment banker earns around $96,000, while experienced professionals earn up to $360,000 per year. The local cost of living index is 112% of the national average.
Entry Level (0-2 yrs)
$96,000
+$16,000 vs national
Mid Level (3-7 yrs)
$162,000
+$27,000 vs national
Senior Level (8+ yrs)
$360,000
+$60,000 vs national
Salary Percentiles in Newark, NJ
| Percentile | Newark |
|---|---|
| 10th Percentile | $90,000 |
| 25th Percentile | $114,000 |
| Median (50th) | $156,000 |
| 75th Percentile | $252,000 |
| 90th Percentile | $384,000 |
Investment Banker Salary in Other New Jersey Cities
How to Become a Investment Banker in Newark
Education
Most investment banker positions require a bachelor's degree. Newark and the surrounding New Jersey 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 Newark may vary based on local industry and population growth.