Business & Finance Ohio (OH) Rank #38 of 50

Investment Banker Salary in Ohio

The median investment banker salary in Ohio is $117,000 per year, which is 10% below the national median of $130,000.

Median Salary
$117,000
vs National
$-13,000
State Rank
#38 of 50
Cost of Living
90%

Investment Banker Salary Overview in Ohio (2026)

Ohio ranks #38 out of 50 states for investment banker compensation. Investment Banker salaries in Ohio are below the national median, though the lower cost of living can offset the difference. At $117,000 per year, investment bankers in Ohio earn $13,000 less than the national median of $130,000.

A key advantage of working in Ohio is its below-average cost of living (90% of the national index). This means the $117,000 salary has the purchasing power of roughly $130,000 in an average-cost area.

The salary spread in Ohio is significant: investment bankers at the 10th percentile earn $67,500, while those at the 90th percentile bring home $288,000 — a $220,500 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Ohio for this role is Columbus, where the median reaches $123,500.

Nationally, investment banker employment is projected to grow 7% over the next decade (faster than average). This steady growth indicates stable demand for investment bankers across the country.

Investment Banker Salary in Ohio by Experience

In Ohio, an entry-level investment banker earns around $72,000, while experienced professionals earn up to $270,000 per year. The cost of living index in Ohio is 90% of the national average.

Entry Level (0-2 yrs)
$72,000
$-8,000 vs national
Mid Level (3-7 yrs)
$121,500
$-13,500 vs national
Senior Level (8+ yrs)
$270,000
$-30,000 vs national

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Salary Percentiles in Ohio

Percentile OH Salary
10th Percentile $67,500
25th Percentile $85,500
Median (50th) $117,000
75th Percentile $189,000
90th Percentile $288,000

Investment Banker Salary by City in Ohio

The largest employment areas for investment bankers in Ohio include Columbus, Cleveland, Cincinnati, and Toledo. Salaries vary by city based on local cost of living and demand.

How to Become a Investment Banker in Ohio

Education

Most investment banker positions require a bachelor's degree. Ohio has several accredited institutions offering relevant programs.

Key Skills

Financial ModelingValuationM&AExcelPowerPointDue Diligence

Job Outlook in Ohio

Nationally, investment banker employment is projected to grow 7% over the next decade (faster than average). Ohio's demand may vary based on local industry trends.

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Frequently Asked Questions: Investment Banker Salary in Ohio

How much does a Investment Banker make in Ohio? ▼
The median investment banker salary in Ohio is $117,000 per year, which is 10% below the national median of $130,000. Salaries range from $67,500 (10th percentile) to $288,000 (90th percentile).
How much does a Investment Banker make per hour in Ohio? ▼
Based on the median annual salary of $117,000, a investment banker in Ohio earns approximately $56 per hour assuming a standard 2,080-hour work year.
Is Ohio a good state for investment bankers? ▼
Ohio ranks #38 out of 50 states for investment banker pay. The cost of living index is 90% of the national average. Entry-level investment bankers earn $72,000, while senior professionals earn $270,000.
How does Ohio compare to other states for investment banker salary? ▼
The highest paying state for investment bankers is Hawaii at $221,000. Ohio's median of $117,000 ranks #38 nationally. Nearby-ranked states include Michigan ($117,000) and North Dakota ($117,000).
What is the entry-level investment banker salary in Ohio? ▼
An entry-level investment banker in Ohio earns approximately $72,000 per year. With 3-7 years of experience, pay increases to around $121,500. Senior-level professionals with 8+ years earn up to $270,000.
What city in Ohio pays investment bankers the most? ▼
Columbus is the highest paying city in Ohio for investment bankers, with a median salary of $123,500. Other cities include Cleveland and Cincinnati.