Business & Finance Rapid City, SD Pop. 74,703

Investment Banker Salary in Rapid City, South Dakota

The median investment banker salary in Rapid City, SD is $117,000 per year, which is 10% below the national median and 2.3% above the South Dakota state average.

City Median
$117,000
vs State Avg
+$2,600
vs National
$-13,000
Cost of Living
90%

Investment Banker Pay in Rapid City: What to Expect (2026)

Rapid City offers a median investment banker salary of $117,000, which is $2,600 above the South Dakota state average of $114,400. Compared to the national median of $130,000, Rapid City pays below the national benchmark for this role.

Rapid City's cost of living is 90% 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 Rapid City spans from $67,500 at the 10th percentile to $288,000 at the 90th percentile — a $220,500 spread. Entry-level professionals start around $72,000, while senior investment bankers with 8+ years of experience can earn up to $270,000. Rapid City is a smaller market (pop. 74,703), which may mean fewer openings but also less competition for available positions.

Investment Banker Salary in Rapid City by Experience

In Rapid City, an entry-level investment banker earns around $72,000, while experienced professionals earn up to $270,000 per year. The local cost of living index is 90% of the national average.

Entry Level (0-2 yrs)
$72,000
$-8,000 vs national
Mid Level (3-7 yrs)
$121,500
$-13,500 vs national
Senior Level (8+ yrs)
$270,000
$-30,000 vs national

Salary Percentiles in Rapid City, SD

Percentile Rapid City
10th Percentile $67,500
25th Percentile $85,500
Median (50th) $117,000
75th Percentile $189,000
90th Percentile $288,000

Investment Banker Salary in Other South Dakota Cities

Sioux Falls, SD
$119,600
Pop. 192,517
Brookings, SD
$111,800
Pop. 24,194
Aberdeen, SD
$109,200
Pop. 28,324
Mitchell, SD
$106,600
Pop. 15,660

How to Become a Investment Banker in Rapid City

Education

Most investment banker positions require a bachelor's degree. Rapid City and the surrounding South Dakota 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 Rapid City may vary based on local industry and population growth.

Find Investment Banker Jobs in Rapid City

Browse open investment banker positions in Rapid City, SD:

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Frequently Asked Questions: Investment Banker Salary in Rapid City

How much does a Investment Banker make in Rapid City, SD? ▼
The median investment banker salary in Rapid City, South Dakota is $117,000 per year, which is 10% below the national median of $130,000. Salaries range from $67,500 (10th percentile) to $288,000 (90th percentile).
How much does a Investment Banker make per hour in Rapid City? ▼
Based on the median annual salary of $117,000, a investment banker in Rapid City earns approximately $56 per hour assuming a standard 2,080-hour work year.
How does Rapid City compare to the South Dakota state average for investment banker pay? ▼
Rapid City's median investment banker salary of $117,000 is 2.3% above the South Dakota state average of $114,400. The local cost of living index is 90% of the national average.
What is the cost of living in Rapid City, SD? ▼
Rapid City has a cost of living index of 90% compared to the national average. This means a investment banker salary of $117,000 in Rapid City has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a investment banker in Rapid City? ▼
Most investment banker positions in Rapid City 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.