The average salary for an investment banker in Michigan is around $59,420 per year.
Avg Salary
Investment bankers earn an average yearly salary of $59,420.
Wages typically start from $36,820 and go up to $126,880.
8% above national average Updated in 2018
Investment banker earnings by seniority
90th percentile
Top-level investment banker earnings begin at:
$61.00 per hour
$126,880 per year
75th percentile
Senior-level investment banker earnings begin at:
$40.09 per hour
$83,380 per year
50th percentile
Mid-level investment banker earnings begin at:
$28.57 per hour
$59,420 per year
25th percentile
Junior-level investment banker earnings begin at:
$21.94 per hour
$45,640 per year
10th percentile
Starting level investment banker earnings begin at:
$17.70 per hour
$36,820 per year
Approximate values based on highest and lowest earning segments.
Investment banker salary by state
| State Name | Average Salary |
|---|---|
| Illinois | $88,999 |
| Virginia | $82,900 |
| New York | $81,800 |
| Massachusetts | $81,120 |
| New Hampshire | $77,300 |
| New Jersey | $77,080 |
| Ohio | $75,670 |
| Pennsylvania | $75,010 |
| Hawaii | $74,950 |
| Colorado | $74,680 |
| Connecticut | $73,560 |
| Georgia | $73,370 |
| California | $72,620 |
| Nebraska | $72,600 |
| Alabama | $72,500 |
| Delaware | $72,370 |
| Guam | $71,410 |
| Maryland | $71,230 |
| Rhode Island | $69,910 |
| Oregon | $69,580 |
| Missouri | $69,570 |
| Vermont | $69,530 |
| North Dakota | $69,040 |
| Oklahoma | $68,660 |
| West Virginia | $67,330 |
| North Carolina | $67,040 |
| Arizona | $66,843 |
| Indiana | $66,590 |
| Washington | $65,840 |
| Minnesota | $65,470 |
| South Carolina | $65,300 |
| Utah | $64,980 |
| Montana | $63,940 |
| Iowa | $63,260 |
| Texas | $62,900 |
| Florida | $62,400 |
| Maine | $62,200 |
| Alaska | $60,720 |
| Michigan | $59,420 |
| Mississippi | $59,120 |
| New Mexico | $58,590 |
| Wyoming | $58,420 |
| Tennessee | $57,100 |
| Louisiana | $55,490 |
| Kentucky | $54,274 |
| Nevada | $54,230 |
| Wisconsin | $53,960 |
| Kansas | $51,780 |
| Idaho | $50,990 |
| South Dakota | $48,300 |
| Arkansas | $37,970 |
| Puerto Rico | $28,790 |
| District of Columbia | $103,300 |
How do investment banker salaries compare to similar careers?
Investment bankers earn about the same as related careers in Michigan. On average, they make less than stock traders but more than cost estimators.
| Career | Median Salary |
|---|---|
| Stock trader salary | $51K |
| Budget analyst salary | $79K |
| Auditor salary | $66K |
| Accountant salary | $66K |
| Revenue agent salary | $71K |
| Fraud analyst salary | $59K |
| Risk management specialist salary | $59K |
| Investment banker salary | $59K |
| Financial quantitative analyst salary | $59K |
| Cost estimator salary | $59K |
Source: CareerExplorer (Aggregated)