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 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.