Business & Finance Paterson, NJ Pop. 159,732

Investment Banker Salary in Paterson, New Jersey

The median investment banker salary in Paterson, NJ is $146,900 per year, which is 13.0% above the national median and 8.1% below the New Jersey state average.

City Median
$146,900
vs State Avg
$-13,000
vs National
+$16,900
Cost of Living
105%

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

Paterson offers a median investment banker salary of $146,900, which is $13,000 below the New Jersey state average of $159,900. Compared to the national median of $130,000, Paterson pays above average for this role.

Paterson'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 Paterson spans from $84,750 at the 10th percentile to $361,600 at the 90th percentile — a $276,850 spread. Entry-level professionals start around $90,400, while senior investment bankers with 8+ years of experience can earn up to $339,000. With a population of 159,732, Paterson is a mid-sized metro with a growing job market.

Investment Banker Salary in Paterson by Experience

In Paterson, an entry-level investment banker earns around $90,400, while experienced professionals earn up to $339,000 per year. The local cost of living index is 105% of the national average.

Entry Level (0-2 yrs)
$90,400
+$10,400 vs national
Mid Level (3-7 yrs)
$152,550
+$17,550 vs national
Senior Level (8+ yrs)
$339,000
+$39,000 vs national

Salary Percentiles in Paterson, NJ

Percentile Paterson
10th Percentile $84,750
25th Percentile $107,350
Median (50th) $146,900
75th Percentile $237,300
90th Percentile $361,600

Investment Banker Salary in Other New Jersey Cities

Jersey City, NJ
$176,800
Pop. 292,449
Edison, NJ
$159,900
Pop. 107,588
Newark, NJ
$156,000
Pop. 311,549
Elizabeth, NJ
$150,800
Pop. 137,298

How to Become a Investment Banker in Paterson

Education

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

Find Investment Banker Jobs in Paterson

Browse open investment banker positions in Paterson, NJ:

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Frequently Asked Questions: Investment Banker Salary in Paterson

How much does a Investment Banker make in Paterson, NJ? ▼
The median investment banker salary in Paterson, New Jersey is $146,900 per year, which is 13.0% above the national median of $130,000. Salaries range from $84,750 (10th percentile) to $361,600 (90th percentile).
How much does a Investment Banker make per hour in Paterson? ▼
Based on the median annual salary of $146,900, a investment banker in Paterson earns approximately $71 per hour assuming a standard 2,080-hour work year.
How does Paterson compare to the New Jersey state average for investment banker pay? ▼
Paterson's median investment banker salary of $146,900 is 8.1% below the New Jersey state average of $159,900. The local cost of living index is 105% of the national average.
What is the cost of living in Paterson, NJ? ▼
Paterson has a cost of living index of 105% compared to the national average. This means a investment banker salary of $146,900 in Paterson has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a investment banker in Paterson? ▼
Most investment banker positions in Paterson 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.