Business & Finance Cranston, RI Pop. 82,934

Investment Banker Salary in Cranston, Rhode Island

The median investment banker salary in Cranston, RI is $132,600 per year, which is 2.0% above the national median and 4.7% below the Rhode Island state average.

City Median
$132,600
vs State Avg
$-6,500
vs National
+$2,600
Cost of Living
100%

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

Cranston offers a median investment banker salary of $132,600, which is $6,500 below the Rhode Island state average of $139,100. Compared to the national median of $130,000, Cranston pays above average for this role.

Cranston's cost of living is 100% of the national average, meaning salary figures here closely reflect actual purchasing power. This makes direct comparisons to other cities straightforward.

The salary range for investment bankers in Cranston spans from $76,500 at the 10th percentile to $326,400 at the 90th percentile — a $249,900 spread. Entry-level professionals start around $81,600, while senior investment bankers with 8+ years of experience can earn up to $306,000. Cranston is a smaller market (pop. 82,934), which may mean fewer openings but also less competition for available positions.

Investment Banker Salary in Cranston by Experience

In Cranston, an entry-level investment banker earns around $81,600, while experienced professionals earn up to $306,000 per year. The local cost of living index is 100% of the national average.

Entry Level (0-2 yrs)
$81,600
+$1,600 vs national
Mid Level (3-7 yrs)
$137,700
+$2,700 vs national
Senior Level (8+ yrs)
$306,000
+$6,000 vs national

Salary Percentiles in Cranston, RI

Percentile Cranston
10th Percentile $76,500
25th Percentile $96,900
Median (50th) $132,600
75th Percentile $214,200
90th Percentile $326,400

Investment Banker Salary in Other Rhode Island Cities

Providence, RI
$143,000
Pop. 190,934
Warwick, RI
$135,200
Pop. 82,823
East Providence, RI
$130,000
Pop. 47,139
Pawtucket, RI
$127,400
Pop. 75,604

How to Become a Investment Banker in Cranston

Education

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

Find Investment Banker Jobs in Cranston

Browse open investment banker positions in Cranston, RI:

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Frequently Asked Questions: Investment Banker Salary in Cranston

How much does a Investment Banker make in Cranston, RI? ▼
The median investment banker salary in Cranston, Rhode Island is $132,600 per year, which is 2.0% above the national median of $130,000. Salaries range from $76,500 (10th percentile) to $326,400 (90th percentile).
How much does a Investment Banker make per hour in Cranston? ▼
Based on the median annual salary of $132,600, a investment banker in Cranston earns approximately $64 per hour assuming a standard 2,080-hour work year.
How does Cranston compare to the Rhode Island state average for investment banker pay? ▼
Cranston's median investment banker salary of $132,600 is 4.7% below the Rhode Island state average of $139,100. The local cost of living index is 100% of the national average.
What is the cost of living in Cranston, RI? ▼
Cranston has a cost of living index of 100% compared to the national average. This means a investment banker salary of $132,600 in Cranston has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a investment banker in Cranston? ▼
Most investment banker positions in Cranston 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.