Business & Finance Murfreesboro, TN Pop. 152,769

Investment Banker Salary in Murfreesboro, Tennessee

The median investment banker salary in Murfreesboro, TN is $119,600 per year, which is 8% below the national median and 3.4% above the Tennessee state average.

City Median
$119,600
vs State Avg
+$3,900
vs National
$-10,400
Cost of Living
92%

Investment Banker Pay in Murfreesboro: What to Expect (2026)

Murfreesboro offers a median investment banker salary of $119,600, which is $3,900 above the Tennessee state average of $115,700. Compared to the national median of $130,000, Murfreesboro pays below the national benchmark for this role.

Murfreesboro'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 Murfreesboro 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 152,769, Murfreesboro is a mid-sized metro with a growing job market.

Investment Banker Salary in Murfreesboro by Experience

In Murfreesboro, 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 Murfreesboro, TN

Percentile Murfreesboro
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 Tennessee Cities

Nashville, TN
$130,000
Pop. 689,447
Knoxville, TN
$114,400
Pop. 190,740
Chattanooga, TN
$114,400
Pop. 181,099
Memphis, TN
$111,800
Pop. 633,104

How to Become a Investment Banker in Murfreesboro

Education

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

Find Investment Banker Jobs in Murfreesboro

Browse open investment banker positions in Murfreesboro, TN:

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Frequently Asked Questions: Investment Banker Salary in Murfreesboro

How much does a Investment Banker make in Murfreesboro, TN? ▼
The median investment banker salary in Murfreesboro, Tennessee 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 Murfreesboro? ▼
Based on the median annual salary of $119,600, a investment banker in Murfreesboro earns approximately $58 per hour assuming a standard 2,080-hour work year.
How does Murfreesboro compare to the Tennessee state average for investment banker pay? ▼
Murfreesboro's median investment banker salary of $119,600 is 3.4% above the Tennessee state average of $115,700. The local cost of living index is 92% of the national average.
What is the cost of living in Murfreesboro, TN? ▼
Murfreesboro has a cost of living index of 92% compared to the national average. This means a investment banker salary of $119,600 in Murfreesboro has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a investment banker in Murfreesboro? ▼
Most investment banker positions in Murfreesboro 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.