FinanceUpdated Q1 2026

Investment Banker Salary
in Providence, RI

Advise corporations on mergers, acquisitions, and capital raising. Median salary in Providence: $212K/year. Data from BLS, O*NET, and H-1B disclosures.

Median salary
$212K
per year
Take-home: $136K

Salary range in Providence

Entry level (25th)$142,000
Median (50th)$212,000
Senior (75th)$330,000
Top earner (90th)$531,000
Data freshness

Figures represent annual base salary in Providence, Rhode Island. Reviewed by SalaryOptics Editorial · How we calculate this →

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What the numbers say for Providence

Analysis derived from the salary, COL, tax, and labor-market figures above — specific to this role and city.

18% premium vs national median

Investment Bankers in Providence earn approximately 18% higher than the US national median for this role — a $32,000 premium on annual base salary. This reflects Providence's position as a higher-cost labor market where employers must match local wage norms.

Key facts for Providence

Median salary
$212K
annual
Take-home pay
$136K
after fed/state tax
COL index
118
100 = US avg
State income tax
5.99%
effective rate
Avg 1BR rent
$1,550
per month
YoY growth
+3.9%
salary trend

Salary forecast: Providence Investment Banker to 2030

Based on BLS 2022–2032 Employment Projections and WEF Future of Jobs Report 2026. At current growth rates, median salary reaches $243K by 2030.

Salary trend & forecast — Providence

Historical (2019–2025) + projected to 2030 based on BLS growth rates

HistoricalProjected
Investment Banker salary trend 2019–2030PROJECTED →$178K$197K$215K$234K$252K201920212023202520272029
2026
$219K
projected
2027
$227K
projected
2028
$235K
projected
2029
$243K
projected
2030
$252K
projected

Projections based on BLS Employment Projections 2022–2032 CAGR and WEF Jobs Report 2025. Not financial advice.

YearProjected median salaryvs today
2027 projected$219,000+$7,000
2028 projected$227,000+$15,000
2029 projected$235,000+$23,000
2030 projected$243,000+$31,000

Projections use compound annual growth rate (CAGR) from BLS occupational outlook data. Actual salaries may vary.

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Investment Banker Salary in Providence, Rhode Island: Complete Guide (2026)

The median Investment Banker salary in Providence, RI is $212,000 per year as of Q1 2026. This figure represents the midpoint of all reported compensation for this role in the Providence–RI metropolitan area, based on data from the Bureau of Labor Statistics Occupational Employment Statistics, H-1B visa disclosures from the Department of Labor, and O*NET occupational data.

Salary range for Investment Banker in Providence

Entry-level Investment Bankers in Providence with 0–2 years of experience typically earn between $142,000 and $212,000 annually. Mid-career professionals with 3–7 years command $212,000 to $330,000, while senior-level practitioners with 8+ years of experience regularly earn $330,000 to $531,000 or more.

Cost of living in Providence for Investment Bankers

Providence has a cost of living index of 118 compared to the US national average of 100. Providence's cost of living is above the US average, so the salary figures above reflect local market rates. Rhode Island has a 5.99% state income tax rate.

Education requirements for Investment Banker

Bachelor's in Finance or Economics; MBA at senior levels. 20% of these roles offer some remote flexibility.

Investment Banker salary in nearby cities

CityMedian salaryCOL index
Providence (current)$212K118
Warwick$207K115