Business & Finance Cleveland, OH Pop. 372,624

Investment Banker Salary in Cleveland, Ohio

The median investment banker salary in Cleveland, OH is $111,800 per year, which is 14% below the national median and 4.4% below the Ohio state average.

City Median
$111,800
vs State Avg
$-5,200
vs National
$-18,200
Cost of Living
86%

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

Cleveland offers a median investment banker salary of $111,800, which is $5,200 below the Ohio state average of $117,000. Compared to the national median of $130,000, Cleveland pays below the national benchmark for this role.

One of Cleveland's biggest advantages is its low cost of living at 86% of the national average. This means the $111,800 salary stretches further here — equivalent to roughly $130,000 in an average-cost city. This makes Cleveland an attractive option for investment bankers seeking strong real-dollar compensation.

The salary range for investment bankers in Cleveland spans from $64,500 at the 10th percentile to $275,200 at the 90th percentile — a $210,700 spread. Entry-level professionals start around $68,800, while senior investment bankers with 8+ years of experience can earn up to $258,000. With a population of 372,624, Cleveland is a mid-sized metro with a growing job market.

Investment Banker Salary in Cleveland by Experience

In Cleveland, an entry-level investment banker earns around $68,800, while experienced professionals earn up to $258,000 per year. The local cost of living index is 86% of the national average.

Entry Level (0-2 yrs)
$68,800
$-11,200 vs national
Mid Level (3-7 yrs)
$116,100
$-18,900 vs national
Senior Level (8+ yrs)
$258,000
$-42,000 vs national

Salary Percentiles in Cleveland, OH

Percentile Cleveland
10th Percentile $64,500
25th Percentile $81,700
Median (50th) $111,800
75th Percentile $180,600
90th Percentile $275,200

Investment Banker Salary in Other Ohio Cities

Columbus, OH
$123,500
Pop. 905,748
Cincinnati, OH
$117,000
Pop. 309,317
Akron, OH
$109,200
Pop. 190,469
Toledo, OH
$106,600
Pop. 270,871

How to Become a Investment Banker in Cleveland

Education

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

Find Investment Banker Jobs in Cleveland

Browse open investment banker positions in Cleveland, OH:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Investment Banker Salary in Cleveland

How much does a Investment Banker make in Cleveland, OH? ▼
The median investment banker salary in Cleveland, Ohio is $111,800 per year, which is 14% below the national median of $130,000. Salaries range from $64,500 (10th percentile) to $275,200 (90th percentile).
How much does a Investment Banker make per hour in Cleveland? ▼
Based on the median annual salary of $111,800, a investment banker in Cleveland earns approximately $54 per hour assuming a standard 2,080-hour work year.
How does Cleveland compare to the Ohio state average for investment banker pay? ▼
Cleveland's median investment banker salary of $111,800 is 4.4% below the Ohio state average of $117,000. The local cost of living index is 86% of the national average.
What is the cost of living in Cleveland, OH? ▼
Cleveland has a cost of living index of 86% compared to the national average. This means a investment banker salary of $111,800 in Cleveland has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a investment banker in Cleveland? ▼
Most investment banker positions in Cleveland 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.