Business & Finance Memphis, TN
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Investment Banker Salary in Memphis, Tennessee
The median investment banker salary in Memphis, TN is $111,800 per year, which is 14% below the national median and 3.4% below the Tennessee state average.
City Median
$111,800
vs State Avg
$-3,900
vs National
$-18,200
Cost of Living
86%
Investment Banker Salary in Memphis by Experience
In Memphis, an entry-level investment banker earns around $68,800, while experienced professionals earn up to $258,000 per year. The local cost of living index is 86% of the national average.
Entry Level (0-2 yrs)
$68,800
$-11,200 vs national
Mid Level (3-7 yrs)
$116,100
$-18,900 vs national
Senior Level (8+ yrs)
$258,000
$-42,000 vs national
Salary Percentiles in Memphis, TN
| Percentile | Memphis |
|---|---|
| 10th Percentile | $64,500 |
| 25th Percentile | $81,700 |
| Median (50th) | $111,800 |
| 75th Percentile | $180,600 |
| 90th Percentile | $275,200 |
Investment Banker Salary in Other Tennessee Cities
How to Become a Investment Banker in Memphis
Education
Most investment banker positions require a bachelor's degree. Memphis and the surrounding Tennessee 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 Memphis may vary based on local industry and population growth.