Business & Finance Sioux Falls, SD Pop. 192,517

Investment Banker Salary in Sioux Falls, South Dakota

The median investment banker salary in Sioux Falls, SD is $119,600 per year, which is 8% below the national median and 4.5% above the South Dakota state average.

City Median
$119,600
vs State Avg
+$5,200
vs National
$-10,400
Cost of Living
92%

Investment Banker Pay in Sioux Falls: What to Expect (2026)

Sioux Falls offers a median investment banker salary of $119,600, which is $5,200 above the South Dakota state average of $114,400. Compared to the national median of $130,000, Sioux Falls pays below the national benchmark for this role.

Sioux Falls's cost of living is 92% 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 Sioux Falls spans from $69,000 at the 10th percentile to $294,400 at the 90th percentile — a $225,400 spread. Entry-level professionals start around $73,600, while senior investment bankers with 8+ years of experience can earn up to $276,000. With a population of 192,517, Sioux Falls is a mid-sized metro with a growing job market.

Investment Banker Salary in Sioux Falls by Experience

In Sioux Falls, an entry-level investment banker earns around $73,600, while experienced professionals earn up to $276,000 per year. The local cost of living index is 92% of the national average.

Entry Level (0-2 yrs)
$73,600
$-6,400 vs national
Mid Level (3-7 yrs)
$124,200
$-10,800 vs national
Senior Level (8+ yrs)
$276,000
$-24,000 vs national

Salary Percentiles in Sioux Falls, SD

Percentile Sioux Falls
10th Percentile $69,000
25th Percentile $87,400
Median (50th) $119,600
75th Percentile $193,200
90th Percentile $294,400

Investment Banker Salary in Other South Dakota Cities

Rapid City, SD
$117,000
Pop. 74,703
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 Sioux Falls

Education

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

Find Investment Banker Jobs in Sioux Falls

Browse open investment banker positions in Sioux Falls, SD:

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Frequently Asked Questions: Investment Banker Salary in Sioux Falls

How much does a Investment Banker make in Sioux Falls, SD? ▼
The median investment banker salary in Sioux Falls, South Dakota is $119,600 per year, which is 8% below the national median of $130,000. Salaries range from $69,000 (10th percentile) to $294,400 (90th percentile).
How much does a Investment Banker make per hour in Sioux Falls? ▼
Based on the median annual salary of $119,600, a investment banker in Sioux Falls earns approximately $58 per hour assuming a standard 2,080-hour work year.
How does Sioux Falls compare to the South Dakota state average for investment banker pay? ▼
Sioux Falls's median investment banker salary of $119,600 is 4.5% above the South Dakota state average of $114,400. The local cost of living index is 92% of the national average.
What is the cost of living in Sioux Falls, SD? ▼
Sioux Falls has a cost of living index of 92% compared to the national average. This means a investment banker salary of $119,600 in Sioux Falls has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a investment banker in Sioux Falls? ▼
Most investment banker positions in Sioux Falls 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.