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Investment Banker Salary in Cleveland, Ohio

Updated 2026-04-05BLS 2024 data — be the first to add a local report

Salary Distribution

BLS 2024
$84,159/ year

Median Investment Banker in Cleveland, OH

$46,699
10th
$56,950
25th
$84,159
Median
$115,601
75th
$141,033
90th

Compensation Breakdown

BLS 2024
Base salary (median)
$84,159
Total compensation (est.)
$96,783
Bonus range
$3,350 – $16,320
Mean salary
$89,209

How This Compares

Cleveland, OH median
$84,159
Ohio median
$100,990-16.7%
National median
$99,010-15.0%

Cost of living in Cleveland is 15% below the national average. Salary of $84,159 here is equivalent to $99,011 nationally.

Salary by Experience

0-2 years
$60,594-28.0%
3-5 years
$76,585-9.0%
6-10 years
$94,258+12.0%
10+ years
$116,139+38.0%

Salary by Company Size

Startup (< 100 employees)
$74,060-12.0%
Mid-size (100–5,000)
$84,159
Enterprise (5,000+)
$99,308+18.0%

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Investment Banker Salaries in Nearby Cities

Columbus, OH$88,119/yr
Cincinnati, OH$85,149/yr
Toledo, OH$99,010/yr
Akron, OH$99,010/yr
Dayton, OH$99,010/yr

Related Jobs in Cleveland

Financial Analyst$84,159/yr
Accountant$67,898/yr
CPA$67,898/yr
Financial Advisor$84,643/yr
Actuary$102,000/yr

Quick Numbers

Hourly (40hr week)$40/hr
Monthly gross$7,013/mo
25th percentile$56,950/yr
75th percentile$115,601/yr

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Market Context

via FRED

Fed Funds Rate

Mar 2026

3.64%

Inflation (CPI)

year-over-year

2.4%+0.04

National Unemployment

Mar 2026

4.3%-0.10

Ohio Unemployment

Dec 2025

4.5%

Avg Hourly Earnings

all private workers

$37.38+$0.09

10yr Treasury

Apr 2026

4.31%

Source: St. Louis Fed (FRED). Updated daily.

Investment Banker Salaries by City

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Frequently Asked Questions

What is the average Investment Banker salary in Cleveland?

The median Investment Banker salary in Cleveland is $84,159 per year, with a range from $56,950 at the 25th percentile to $115,601 at the 75th percentile. Total compensation including bonuses typically runs higher — see the breakdown above for the full picture.

How does Investment Banker pay in Cleveland compare to the national average?

Investment Banker salaries in Cleveland are 15% below the national median of $99,010. After adjusting for Cleveland's cost of living, the purchasing power of that salary is equivalent to roughly $99,011 nationally — which is the number that actually matters when comparing offers across cities.

What factors affect Investment Banker salaries in Cleveland?

In Cleveland, the biggest drivers are years of experience, company size, and industry vertical. Entry-level Investment Banker roles start around $46,699, while senior and staff-level positions at larger employers can reach $141,033 or above. Specialized skills and in-demand tools can also meaningfully shift where you land in the range.

Is Cleveland a good place for Investment Banker jobs?

Cleveland offers a Investment Banker median of $84,159, which is 15% below the US median of $99,010. Whether that makes it a good market depends on your personal cost-of-living equation — Cleveland is 15% cheaper than the national average, so factor that into your math.

How do I negotiate a higher Investment Banker salary?

Start with the data on this page: the 75th percentile for Investment Banker in Cleveland is $115,601, which is a defensible anchor for a negotiation. Come in with a specific number backed by real market data — not a range — and reference your experience tier. If you're above the median, ask for the 75th percentile. If you're already at the 75th, push for total comp improvements like equity or bonus instead.