Business & Finance Norfolk, VA Pop. 238,005

Investment Banker Salary in Norfolk, Virginia

The median investment banker salary in Norfolk, VA is $131,300 per year, which is 1.0% above the national median and 7.3% below the Virginia state average.

City Median
$131,300
vs State Avg
$-10,400
vs National
+$1,300
Cost of Living
96%

Investment Banker Salary in Norfolk by Experience

In Norfolk, an entry-level investment banker earns around $80,800, while experienced professionals earn up to $303,000 per year. The local cost of living index is 96% of the national average.

Entry Level (0-2 yrs)
$80,800
+$800 vs national
Mid Level (3-7 yrs)
$136,350
+$1,350 vs national
Senior Level (8+ yrs)
$303,000
+$3,000 vs national

Salary Percentiles in Norfolk, VA

Percentile Norfolk
10th Percentile $75,750
25th Percentile $95,950
Median (50th) $131,300
75th Percentile $212,100
90th Percentile $323,200

Investment Banker Salary in Other Virginia Cities

Arlington, VA
$178,100
Pop. 238,643
Virginia Beach, VA
$139,100
Pop. 449,974
Richmond, VA
$136,500
Pop. 226,610
Chesapeake, VA
$133,900
Pop. 249,422

How to Become a Investment Banker in Norfolk

Education

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