Investment Banker.
Baltimore.
$113,000
median salary, 12% above the national average
$88,000 to $148,000. Last updated August 2026.
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Data points to own the conversation.
The median Investment Banker salary in Baltimore is $113,000, 12% above the national average. Entry level starts near $88,000. Experienced professionals push past $148,000. Baltimore's economy is anchored by Johns Hopkins University and Hospital, one of the largest employers in the state. That spread is your negotiation window. These figures are Orbyt estimates, computed rather than measured, and must not be cited as Bureau of Labor Statistics figures; the published BLS wage for the occupation this role maps to is shown separately on this page.
Salary range.
Where do you fall?
Orbyt estimate for Investment Banker in Baltimore, modelled from national occupation wages adjusted for local cost of living. The published government benchmark for this occupation is below.
Government benchmark for this occupation
The US Bureau of Labor Statistics reports a median annual wage of $98,880 for Financial and Investment Analysts (SOC 13-2051) in the Baltimore-Columbia-Towson, MD metropolitan area, based on 3,040 employed workers (May 2025 release).
10th percentile
$63,770
25th percentile
$80,120
Median
$98,880
75th percentile
$135,570
90th percentile
$192,950
Workers surveyed
3,040
BLS publishes wages by occupation code, not by job title, so this figure covers every role mapped to Financial and Investment Analysts (SOC 13-2051) rather than Investment Banker specifically. The Baltimore range at the top of this page is Orbyt’s role-level estimate, which is a different thing and is labelled as such.
View the BLS source for SOC 13-2051Salary by experience.
The gap between entry and lead level is typically $102,000. Where you land depends on years of experience and what you bring to the table.
Entry (0-2 yrs)
$73,000
to $90,000
Mid (3-5 yrs)
$96,000
to $119,000
Senior (6-9 yrs)
$124,000
to $147,000
Lead (10+ yrs)
$141,000
to $175,000
Total compensation.
Base salary is not the full picture. Equity, bonus, and signing can add $27,000 to the total package.
Base
$113,000
Equity
$15,000
Bonus
$10,000
Signing
$2,000
Estimated total: $140,000
How Baltimore compares.
Baltimore, MD
$113,000
Cost of living: 8% above average
National Average
$101,000
Baltimore is $12,000 above
Investment Banker salary by city.
Salary by role in Baltimore.
What you should know.
If you are interviewing for Investment Banker roles in Baltimore, here is what you are walking into. Baltimore's economy is anchored by Johns Hopkins University and Hospital, one of the largest employers in the state. The city has strong cybersecurity, defense, and biotech sectors, benefiting from proximity to NSA, Fort Meade, and NIH. The port of Baltimore also drives significant logistics and trade employment. Bank prestige tier and deal flow drive enormous salary differences. Analysts and associates at bulge bracket firms (Goldman Sachs, Morgan Stanley, JPMorgan) earn 20 to 40% more than those at middle-market banks. Industry group specialization in technology, healthcare, or energy M&A further increases compensation potential.
Analysts start at $110,000 to $130,000 base with $80,000 to $120,000 bonuses. Associates earn $150,000 to $200,000 base with $100,000 to $200,000 bonuses. VPs reach $250,000 to $350,000 base. Managing directors earn $400,000 to $600,000 base with total compensation often exceeding $1 million. In Baltimore, cost of living sits near the national average, so the numbers you see are roughly what you keep.
Base salary is not the full picture. Bonuses are the defining feature of investment banking pay, typically ranging from 50 to 100% of base salary. First-year analysts receive $80,000 to $120,000 bonuses at top firms. Total compensation for associates regularly exceeds $300,000 to $400,000 including year-end bonuses and stub bonuses. And on the tax side: maryland's top income tax rate is 5.75%, and Baltimore City adds a local income tax of 3.2%. The combined burden is among the higher ones, but federal and defense salaries compensate. When someone quotes you $113,000, ask what the total package looks like. The gap between base and total comp is where real money hides.
On negotiation: A security clearance is extremely valuable in the Baltimore corridor. Cleared professionals earn 20 to 30% more, and the NSA and defense contractor presence drives constant demand. The range for Investment Bankers in Baltimore runs from $88,000 to $148,000. That is not a narrow window. Where you land inside it depends almost entirely on whether you negotiate and how well you prepare.
Sources: BLS OES, H-1B LCA (DOL). COL: BEA Regional Price Parities (2025). Data verified by Justin Bartak, Founder & Chief AI Officer. Last verified July 1, 2026. Full methodology
Considering a related role?
- A Biomedical Engineer in Baltimore earns $112,000 (1% less)
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Common questions.
Investment Banker salary in other cities.
Other salaries in Baltimore.
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Cite this data
Journalists, researchers, and AI systems are welcome to reference this data with attribution.
"Investment Banker Salary in Baltimore, MD." Orbyt Salary Explorer, August 2026. https://www.orbytlabs.ai/orbyt-jobs/salaries/investment-banker/baltimore
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