Business & Finance Richmond, VA Pop. 226,610

Investment Banker Salary in Richmond, Virginia

The median investment banker salary in Richmond, VA is $136,500 per year, which is 5.0% above the national median and 3.7% below the Virginia state average.

City Median
$136,500
vs State Avg
$-5,200
vs National
+$6,500
Cost of Living
100%

Investment Banker Salary in Richmond by Experience

In Richmond, an entry-level investment banker earns around $84,000, while experienced professionals earn up to $315,000 per year. The local cost of living index is 100% of the national average.

Entry Level (0-2 yrs)
$84,000
+$4,000 vs national
Mid Level (3-7 yrs)
$141,750
+$6,750 vs national
Senior Level (8+ yrs)
$315,000
+$15,000 vs national

Salary Percentiles in Richmond, VA

Percentile Richmond
10th Percentile $78,750
25th Percentile $99,750
Median (50th) $136,500
75th Percentile $220,500
90th Percentile $336,000

Investment Banker Salary in Other Virginia Cities

Arlington, VA
$178,100
Pop. 238,643
Virginia Beach, VA
$139,100
Pop. 449,974
Chesapeake, VA
$133,900
Pop. 249,422
Norfolk, VA
$131,300
Pop. 238,005

How to Become a Investment Banker in Richmond

Education

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