Business & Finance South Dakota (SD) Rank #43 of 50

Investment Banker Salary in South Dakota

The median investment banker salary in South Dakota is $114,400 per year, which is 12% below the national median of $130,000.

Median Salary
$114,400
vs National
$-15,600
State Rank
#43 of 50
Cost of Living
88%

Investment Banker Salary in South Dakota by Experience

In South Dakota, an entry-level investment banker earns around $70,400, while experienced professionals earn up to $264,000 per year. The cost of living index in South Dakota is 88% of the national average.

Entry Level (0-2 yrs)
$70,400
$-9,600 vs national
Mid Level (3-7 yrs)
$118,800
$-16,200 vs national
Senior Level (8+ yrs)
$264,000
$-36,000 vs national

Salary Percentiles in South Dakota

Percentile SD Salary
10th Percentile $66,000
25th Percentile $83,600
Median (50th) $114,400
75th Percentile $184,800
90th Percentile $281,600

Investment Banker Salary by City in South Dakota

The largest employment areas for investment bankers in South Dakota include Sioux Falls, Rapid City, Aberdeen, and Brookings. Salaries vary by city based on local cost of living and demand.

How to Become a Investment Banker in South Dakota

Education

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

Key Skills

Financial ModelingValuationM&AExcelPowerPointDue Diligence

Job Outlook in South Dakota

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