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 Pay in Providence: What to Expect (2026)

Providence offers a median investment banker salary of $143,000, which is $3,900 above the Rhode Island state average of $139,100. Compared to the national median of $130,000, Providence pays above average for this role.

Providence's cost of living is 108% 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 Providence spans from $82,500 at the 10th percentile to $352,000 at the 90th percentile — a $269,500 spread. Entry-level professionals start around $88,000, while senior investment bankers with 8+ years of experience can earn up to $330,000. With a population of 190,934, Providence is a mid-sized metro with a growing job market.

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

Warwick, RI
$135,200
Pop. 82,823
Cranston, RI
$132,600
Pop. 82,934
East Providence, RI
$130,000
Pop. 47,139
Pawtucket, RI
$127,400
Pop. 75,604

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.

Find Investment Banker Jobs in Providence

Browse open investment banker positions in Providence, RI:

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Frequently Asked Questions: Investment Banker Salary in Providence

How much does a Investment Banker make in Providence, RI? ▼
The median investment banker salary in Providence, Rhode Island is $143,000 per year, which is 10.0% above the national median of $130,000. Salaries range from $82,500 (10th percentile) to $352,000 (90th percentile).
How much does a Investment Banker make per hour in Providence? ▼
Based on the median annual salary of $143,000, a investment banker in Providence earns approximately $69 per hour assuming a standard 2,080-hour work year.
How does Providence compare to the Rhode Island state average for investment banker pay? ▼
Providence's median investment banker salary of $143,000 is 2.8% above the Rhode Island state average of $139,100. The local cost of living index is 108% of the national average.
What is the cost of living in Providence, RI? ▼
Providence has a cost of living index of 108% compared to the national average. This means a investment banker salary of $143,000 in Providence has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a investment banker in Providence? ▼
Most investment banker positions in Providence 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.