Business & Finance Toledo, OH Pop. 270,871

Investment Banker Salary in Toledo, Ohio

The median investment banker salary in Toledo, OH is $106,600 per year, which is 18% below the national median and 8.9% below the Ohio state average.

City Median
$106,600
vs State Avg
$-10,400
vs National
$-23,400
Cost of Living
82%

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

Toledo offers a median investment banker salary of $106,600, which is $10,400 below the Ohio state average of $117,000. Compared to the national median of $130,000, Toledo pays below the national benchmark for this role.

One of Toledo's biggest advantages is its low cost of living at 82% of the national average. This means the $106,600 salary stretches further here — equivalent to roughly $130,000 in an average-cost city. This makes Toledo an attractive option for investment bankers seeking strong real-dollar compensation.

The salary range for investment bankers in Toledo spans from $61,500 at the 10th percentile to $262,400 at the 90th percentile — a $200,900 spread. Entry-level professionals start around $65,600, while senior investment bankers with 8+ years of experience can earn up to $246,000. With a population of 270,871, Toledo is a mid-sized metro with a growing job market.

Investment Banker Salary in Toledo by Experience

In Toledo, an entry-level investment banker earns around $65,600, while experienced professionals earn up to $246,000 per year. The local cost of living index is 82% of the national average.

Entry Level (0-2 yrs)
$65,600
$-14,400 vs national
Mid Level (3-7 yrs)
$110,700
$-24,300 vs national
Senior Level (8+ yrs)
$246,000
$-54,000 vs national

Salary Percentiles in Toledo, OH

Percentile Toledo
10th Percentile $61,500
25th Percentile $77,900
Median (50th) $106,600
75th Percentile $172,200
90th Percentile $262,400

Investment Banker Salary in Other Ohio Cities

Columbus, OH
$123,500
Pop. 905,748
Cincinnati, OH
$117,000
Pop. 309,317
Cleveland, OH
$111,800
Pop. 372,624
Akron, OH
$109,200
Pop. 190,469

How to Become a Investment Banker in Toledo

Education

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

Find Investment Banker Jobs in Toledo

Browse open investment banker positions in Toledo, OH:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Investment Banker Salary in Toledo

How much does a Investment Banker make in Toledo, OH? ▼
The median investment banker salary in Toledo, Ohio is $106,600 per year, which is 18% below the national median of $130,000. Salaries range from $61,500 (10th percentile) to $262,400 (90th percentile).
How much does a Investment Banker make per hour in Toledo? ▼
Based on the median annual salary of $106,600, a investment banker in Toledo earns approximately $51 per hour assuming a standard 2,080-hour work year.
How does Toledo compare to the Ohio state average for investment banker pay? ▼
Toledo's median investment banker salary of $106,600 is 8.9% below the Ohio state average of $117,000. The local cost of living index is 82% of the national average.
What is the cost of living in Toledo, OH? ▼
Toledo has a cost of living index of 82% compared to the national average. This means a investment banker salary of $106,600 in Toledo has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a investment banker in Toledo? ▼
Most investment banker positions in Toledo 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.