Business & Finance Rhode Island (RI) Rank #13 of 50

Investment Banker Salary in Rhode Island

The median investment banker salary in Rhode Island is $139,100 per year, which is 7.0% above the national median of $130,000.

Median Salary
$139,100
vs National
+$9,100
State Rank
#13 of 50
Cost of Living
105%

Investment Banker Salary Overview in Rhode Island (2026)

Rhode Island ranks #13 out of 50 states for investment banker compensation. Rhode Island falls in the middle of the pack for investment banker pay, offering salaries near the national average. At $139,100 per year, investment bankers in Rhode Island earn $9,100 more than the national median of $130,000.

Rhode Island's cost of living is near the national average at 105%, meaning investment banker salaries here translate closely to their face value in purchasing power.

The salary spread in Rhode Island is significant: investment bankers at the 10th percentile earn $80,250, while those at the 90th percentile bring home $342,400 — a $262,150 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Rhode Island for this role is Providence, where the median reaches $143,000.

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 Rhode Island by Experience

In Rhode Island, an entry-level investment banker earns around $85,600, while experienced professionals earn up to $321,000 per year. The cost of living index in Rhode Island is 105% of the national average.

Entry Level (0-2 yrs)
$85,600
+$5,600 vs national
Mid Level (3-7 yrs)
$144,450
+$9,450 vs national
Senior Level (8+ yrs)
$321,000
+$21,000 vs national

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Salary Percentiles in Rhode Island

Percentile RI Salary
10th Percentile $80,250
25th Percentile $101,650
Median (50th) $139,100
75th Percentile $224,700
90th Percentile $342,400

Investment Banker Salary by City in Rhode Island

The largest employment areas for investment bankers in Rhode Island include Providence, Warwick, Cranston, and Pawtucket. Salaries vary by city based on local cost of living and demand.

How to Become a Investment Banker in Rhode Island

Education

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

Key Skills

Financial ModelingValuationM&AExcelPowerPointDue Diligence

Job Outlook in Rhode Island

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

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Frequently Asked Questions: Investment Banker Salary in Rhode Island

How much does a Investment Banker make in Rhode Island? ▼
The median investment banker salary in Rhode Island is $139,100 per year, which is 7.0% above the national median of $130,000. Salaries range from $80,250 (10th percentile) to $342,400 (90th percentile).
How much does a Investment Banker make per hour in Rhode Island? ▼
Based on the median annual salary of $139,100, a investment banker in Rhode Island earns approximately $67 per hour assuming a standard 2,080-hour work year.
Is Rhode Island a good state for investment bankers? ▼
Rhode Island ranks #13 out of 50 states for investment banker pay. The cost of living index is 105% of the national average. Entry-level investment bankers earn $85,600, while senior professionals earn $321,000.
How does Rhode Island compare to other states for investment banker salary? ▼
The highest paying state for investment bankers is Hawaii at $221,000. Rhode Island's median of $139,100 ranks #13 nationally. Nearby-ranked states include Virginia ($141,700) and New Hampshire ($139,100).
What is the entry-level investment banker salary in Rhode Island? ▼
An entry-level investment banker in Rhode Island earns approximately $85,600 per year. With 3-7 years of experience, pay increases to around $144,450. Senior-level professionals with 8+ years earn up to $321,000.
What city in Rhode Island pays investment bankers the most? ▼
Providence is the highest paying city in Rhode Island for investment bankers, with a median salary of $143,000. Other cities include Warwick and Cranston.