Business & Finance Salt Lake City, UT Pop. 200,133

Investment Banker Salary in Salt Lake City, Utah

The median investment banker salary in Salt Lake City, UT is $132,600 per year, which is 2.0% above the national median and 5.2% above the Utah state average.

City Median
$132,600
vs State Avg
+$6,500
vs National
+$2,600
Cost of Living
102%

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

Salt Lake City offers a median investment banker salary of $132,600, which is $6,500 above the Utah state average of $126,100. Compared to the national median of $130,000, Salt Lake City pays above average for this role.

Salt Lake City's cost of living is 102% 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 Salt Lake City spans from $76,500 at the 10th percentile to $326,400 at the 90th percentile — a $249,900 spread. Entry-level professionals start around $81,600, while senior investment bankers with 8+ years of experience can earn up to $306,000. With a population of 200,133, Salt Lake City is a mid-sized metro with a growing job market.

Investment Banker Salary in Salt Lake City by Experience

In Salt Lake City, an entry-level investment banker earns around $81,600, while experienced professionals earn up to $306,000 per year. The local cost of living index is 102% of the national average.

Entry Level (0-2 yrs)
$81,600
+$1,600 vs national
Mid Level (3-7 yrs)
$137,700
+$2,700 vs national
Senior Level (8+ yrs)
$306,000
+$6,000 vs national

Salary Percentiles in Salt Lake City, UT

Percentile Salt Lake City
10th Percentile $76,500
25th Percentile $96,900
Median (50th) $132,600
75th Percentile $214,200
90th Percentile $326,400

Investment Banker Salary in Other Utah Cities

Provo, UT
$124,800
Pop. 115,162
West Jordan, UT
$124,800
Pop. 116,961
Orem, UT
$123,500
Pop. 97,499
West Valley City, UT
$122,200
Pop. 140,230

How to Become a Investment Banker in Salt Lake City

Education

Most investment banker positions require a bachelor's degree. Salt Lake City and the surrounding Utah 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 Salt Lake City may vary based on local industry and population growth.

Find Investment Banker Jobs in Salt Lake City

Browse open investment banker positions in Salt Lake City, UT:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Investment Banker Salary in Salt Lake City

How much does a Investment Banker make in Salt Lake City, UT? ▼
The median investment banker salary in Salt Lake City, Utah is $132,600 per year, which is 2.0% above the national median of $130,000. Salaries range from $76,500 (10th percentile) to $326,400 (90th percentile).
How much does a Investment Banker make per hour in Salt Lake City? ▼
Based on the median annual salary of $132,600, a investment banker in Salt Lake City earns approximately $64 per hour assuming a standard 2,080-hour work year.
How does Salt Lake City compare to the Utah state average for investment banker pay? ▼
Salt Lake City's median investment banker salary of $132,600 is 5.2% above the Utah state average of $126,100. The local cost of living index is 102% of the national average.
What is the cost of living in Salt Lake City, UT? ▼
Salt Lake City has a cost of living index of 102% compared to the national average. This means a investment banker salary of $132,600 in Salt Lake City has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a investment banker in Salt Lake City? ▼
Most investment banker positions in Salt Lake 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.