Business & Finance Tennessee (TN) Rank #41 of 50

Investment Banker Salary in Tennessee

The median investment banker salary in Tennessee is $115,700 per year, which is 11% below the national median of $130,000.

Median Salary
$115,700
vs National
$-14,300
State Rank
#41 of 50
Cost of Living
89%

Investment Banker Salary Overview in Tennessee (2026)

Tennessee ranks #41 out of 50 states for investment banker compensation. Investment Banker salaries in Tennessee are below the national median, though the lower cost of living can offset the difference. At $115,700 per year, investment bankers in Tennessee earn $14,300 less than the national median of $130,000.

A key advantage of working in Tennessee is its below-average cost of living (89% of the national index). This means the $115,700 salary has the purchasing power of roughly $130,000 in an average-cost area.

The salary spread in Tennessee is significant: investment bankers at the 10th percentile earn $66,750, while those at the 90th percentile bring home $284,800 — a $218,050 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Tennessee for this role is Nashville, where the median reaches $130,000.

Nationally, investment banker employment is projected to grow 7% over the next decade (faster than average). This steady growth indicates stable demand for investment bankers across the country.

Investment Banker Salary in Tennessee by Experience

In Tennessee, an entry-level investment banker earns around $71,200, while experienced professionals earn up to $267,000 per year. The cost of living index in Tennessee is 89% of the national average.

Entry Level (0-2 yrs)
$71,200
$-8,800 vs national
Mid Level (3-7 yrs)
$120,150
$-14,850 vs national
Senior Level (8+ yrs)
$267,000
$-33,000 vs national

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Salary Percentiles in Tennessee

Percentile TN Salary
10th Percentile $66,750
25th Percentile $84,550
Median (50th) $115,700
75th Percentile $186,900
90th Percentile $284,800

Investment Banker Salary by City in Tennessee

The largest employment areas for investment bankers in Tennessee include Nashville, Memphis, Knoxville, and Chattanooga. Salaries vary by city based on local cost of living and demand.

How to Become a Investment Banker in Tennessee

Education

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

Key Skills

Financial ModelingValuationM&AExcelPowerPointDue Diligence

Job Outlook in Tennessee

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

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Frequently Asked Questions: Investment Banker Salary in Tennessee

How much does a Investment Banker make in Tennessee? ▼
The median investment banker salary in Tennessee is $115,700 per year, which is 11% below the national median of $130,000. Salaries range from $66,750 (10th percentile) to $284,800 (90th percentile).
How much does a Investment Banker make per hour in Tennessee? ▼
Based on the median annual salary of $115,700, a investment banker in Tennessee earns approximately $56 per hour assuming a standard 2,080-hour work year.
Is Tennessee a good state for investment bankers? ▼
Tennessee ranks #41 out of 50 states for investment banker pay. The cost of living index is 89% of the national average. Entry-level investment bankers earn $71,200, while senior professionals earn $267,000.
How does Tennessee compare to other states for investment banker salary? ▼
The highest paying state for investment bankers is Hawaii at $221,000. Tennessee's median of $115,700 ranks #41 nationally. Nearby-ranked states include Iowa ($115,700) and South Carolina ($115,700).
What is the entry-level investment banker salary in Tennessee? ▼
An entry-level investment banker in Tennessee earns approximately $71,200 per year. With 3-7 years of experience, pay increases to around $120,150. Senior-level professionals with 8+ years earn up to $267,000.
What city in Tennessee pays investment bankers the most? ▼
Nashville is the highest paying city in Tennessee for investment bankers, with a median salary of $130,000. Other cities include Memphis and Knoxville.