Salary by State

• Payscale reported the median annual salary of an investment banker in New York to be $80,685 as of May, 2011. Investment bankers in the state of Florida earn some of the lowest salaries by state reported by PayScale, with a median salary of $49,246. In comparison, those in California earn a median salary of $60,519; those in Texas earn $49,777; those in New Jersey earn $68,134; and those in Illinois earn $54,335. Investment bankers in the state of New York also earn the highest bonuses by state reported by PayScale, with a median annual bonus of $12,618 as of May, 2011.
  
  

Salary by City

• Investment bankers employed in New York City earn some of the highest salaries by city reported by PayScale for this profession. Payscale reported the median annual salary for those employed in the New York City to be $84,894 as of May 2011. Investment bankers employed in the NYC area can also expect the highest bonuses by city, with a reported median annual bonus of $13,010 as of May, 2011. Investment bankers in Chicago earn $59,551; those in San Francisco earn $69,314; and those in Boston earn $61,130.
  
  

Salary by Experience

• The salaries of New York investment bankers also vary by years of experience. Investment bankers just starting out with less than one year of experience were reported by PayScale to earn a median annual salary of $48,949 as of May, 2011. Those with five to nine years of experience earn a median salary of $62,630, while those 20 or more years of experience earn a median annual salary of $72,478 as of May, 2011. However, those working in New York can expect higher salaries than these national averages.
  
  

Salary by Employer Type

• Salaries for investment bankers can also vary significantly by employer type. Investment bankers employed by a company were reported to earn a median salary of $59,861, while those employed by a franchise were reported to earn a median annual salary of $33,500 as of May, 2011 according to PayScale. Contract investment bankers earn a median annual salary of $69,700, the highest salary by employer type reported by PayScale.