Business & Finance Rochester, NY Pop. 211,328

Investment Banker Salary in Rochester, New York

The median investment banker salary in Rochester, NY is $132,600 per year, which is 2.0% above the national median and 23.9% below the New York state average.

City Median
$132,600
vs State Avg
$-41,600
vs National
+$2,600
Cost of Living
90%

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

Rochester offers a median investment banker salary of $132,600, which is $41,600 below the New York state average of $174,200. Compared to the national median of $130,000, Rochester pays above average for this role.

Rochester'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 Rochester spans from $76,500 at the 10th percentile to $326,400 at the 90th percentile — a $249,900 spread. Entry-level professionals start around $81,600, while senior investment bankers with 8+ years of experience can earn up to $306,000. With a population of 211,328, 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 $81,600, while experienced professionals earn up to $306,000 per year. The local cost of living index is 90% of the national average.

Entry Level (0-2 yrs)
$81,600
+$1,600 vs national
Mid Level (3-7 yrs)
$137,700
+$2,700 vs national
Senior Level (8+ yrs)
$306,000
+$6,000 vs national

Salary Percentiles in Rochester, NY

Percentile Rochester
10th Percentile $76,500
25th Percentile $96,900
Median (50th) $132,600
75th Percentile $214,200
90th Percentile $326,400

Investment Banker Salary in Other New York Cities

New York City, NY
$258,700
Pop. 8,336,817
Yonkers, NY
$191,100
Pop. 211,569
Albany, NY
$143,000
Pop. 99,224
Buffalo, NY
$135,200
Pop. 278,349

How to Become a Investment Banker in Rochester

Education

Most investment banker positions require a bachelor's degree. Rochester and the surrounding New York 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, NY:

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Frequently Asked Questions: Investment Banker Salary in Rochester

How much does a Investment Banker make in Rochester, NY? ▼
The median investment banker salary in Rochester, New York is $132,600 per year, which is 2.0% above the national median of $130,000. Salaries range from $76,500 (10th percentile) to $326,400 (90th percentile).
How much does a Investment Banker make per hour in Rochester? ▼
Based on the median annual salary of $132,600, a investment banker in Rochester earns approximately $64 per hour assuming a standard 2,080-hour work year.
How does Rochester compare to the New York state average for investment banker pay? ▼
Rochester's median investment banker salary of $132,600 is 23.9% below the New York state average of $174,200. The local cost of living index is 90% of the national average.
What is the cost of living in Rochester, NY? ▼
Rochester has a cost of living index of 90% compared to the national average. This means a investment banker salary of $132,600 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.