Business & Finance Providence, RI Pop. 190,934

Investment Banker Salary in Providence, Rhode Island

The median investment banker salary in Providence, RI is $143,000 per year, which is 10.0% above the national median and 2.8% above the Rhode Island state average.

City Median
$143,000
vs State Avg
+$3,900
vs National
+$13,000
Cost of Living
108%

Investment Banker Salary in Providence by Experience

In Providence, an entry-level investment banker earns around $88,000, while experienced professionals earn up to $330,000 per year. The local cost of living index is 108% of the national average.

Entry Level (0-2 yrs)
$88,000
+$8,000 vs national
Mid Level (3-7 yrs)
$148,500
+$13,500 vs national
Senior Level (8+ yrs)
$330,000
+$30,000 vs national

Salary Percentiles in Providence, RI

Percentile Providence
10th Percentile $82,500
25th Percentile $104,500
Median (50th) $143,000
75th Percentile $231,000
90th Percentile $352,000

Investment Banker Salary in Other Rhode Island Cities

How to Become a Investment Banker in Providence

Education

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