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 Pay in Richmond: What to Expect (2026)

Richmond offers a median investment banker salary of $136,500, which is $5,200 below the Virginia state average of $141,700. Compared to the national median of $130,000, Richmond pays above average for this role.

Richmond's cost of living is 100% 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 Richmond spans from $78,750 at the 10th percentile to $336,000 at the 90th percentile — a $257,250 spread. Entry-level professionals start around $84,000, while senior investment bankers with 8+ years of experience can earn up to $315,000. With a population of 226,610, Richmond is a mid-sized metro with a growing job market.

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.

Find Investment Banker Jobs in Richmond

Browse open investment banker positions in Richmond, VA:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Investment Banker Salary in Richmond

How much does a Investment Banker make in Richmond, VA? ▼
The median investment banker salary in Richmond, Virginia is $136,500 per year, which is 5.0% above the national median of $130,000. Salaries range from $78,750 (10th percentile) to $336,000 (90th percentile).
How much does a Investment Banker make per hour in Richmond? ▼
Based on the median annual salary of $136,500, a investment banker in Richmond earns approximately $66 per hour assuming a standard 2,080-hour work year.
How does Richmond compare to the Virginia state average for investment banker pay? ▼
Richmond's median investment banker salary of $136,500 is 3.7% below the Virginia state average of $141,700. The local cost of living index is 100% of the national average.
What is the cost of living in Richmond, VA? ▼
Richmond has a cost of living index of 100% compared to the national average. This means a investment banker salary of $136,500 in Richmond has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a investment banker in Richmond? ▼
Most investment banker positions in Richmond 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.