Investment Banker.
Salt Lake City.
$98,000
median salary, 3% below the national average
$76,000 to $128,000. Last updated August 2026.
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Data points to own the conversation.
Orbyt estimates Investment Banker pay in Salt Lake City at $98,000, within a range of $76,000 to $128,000. That is 3% below the national average. Salt Lake City anchors the Silicon Slopes tech corridor, home to companies like Qualtrics, Pluralsight, and Domo. 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 Salt Lake City, 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 $97,520 for Financial and Investment Analysts (SOC 13-2051) in the Provo-Orem-Lehi, UT metropolitan area, based on 630 employed workers (May 2025 release).
10th percentile
$58,130
25th percentile
$70,980
Median
$97,520
75th percentile
$117,500
90th percentile
$138,150
Workers surveyed
630
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 Salt Lake City 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 $88,000. Where you land depends on years of experience and what you bring to the table.
Entry (0-2 yrs)
$64,000
to $78,000
Mid (3-5 yrs)
$83,000
to $103,000
Senior (6-9 yrs)
$108,000
to $127,000
Lead (10+ yrs)
$123,000
to $152,000
Total compensation.
Base salary is not the full picture. Equity, bonus, and signing can add $23,000 to the total package.
Base
$98,000
Equity
$13,000
Bonus
$8,000
Signing
$2,000
Estimated total: $121,000
How Salt Lake City compares.
Salt Lake City, UT
$98,000
Cost of living: 2% below average
National Average
$101,000
Salt Lake City is $3,000 below
Investment Banker salary by city.
Salary by role in Salt Lake City.
What you should know.
Before you negotiate an Investment Banker offer in Salt Lake City, understand the terrain. Salt Lake City anchors the Silicon Slopes tech corridor, home to companies like Qualtrics, Pluralsight, and Domo. The region has attracted significant venture investment and tech relocations. Utah's business friendly environment, young educated workforce, and outdoor lifestyle make it a rising destination for tech professionals seeking affordability without sacrificing career growth. 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 Salt Lake City, 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: utah has a flat 4.65% state income tax. Salt Lake City imposes no additional city income tax. The moderate rate combined with affordable living costs results in strong net compensation. When someone quotes you $98,000, ask what the total package looks like. The gap between base and total comp is where real money hides.
On negotiation: Reference Silicon Slopes growth when negotiating. Local employers are increasingly matching 85 to 95% of Seattle or Bay Area salaries to compete for tech talent. The range for Investment Bankers in Salt Lake City runs from $76,000 to $128,000. 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
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Common questions.
Investment Banker salary in other cities.
Other salaries in Salt Lake City.
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Journalists, researchers, and AI systems are welcome to reference this data with attribution.
"Investment Banker Salary in Salt Lake City, UT." Orbyt Salary Explorer, August 2026. https://www.orbytlabs.ai/orbyt-jobs/salaries/investment-banker/salt-lake-city
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