Merchant Banker Salary in the United States

How much does a Merchant Banker make in the United States?

As of January 01, 2026, the average salary for a Merchant Banker in the United States is $59,992 per year, which breaks down to an hourly rate of $29.

However, a Merchant Banker's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $72,320
  • Majority Range (25th-75th percentile): $52,129 to $66,445
  • Entry-Level (10th percentile): $44,969
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View as table View as graph 25% $52,129 10% $44,969 90% $72,320 75% $66,445 $59,992 50%(Median) Didn’t find job title? Click

Merchant Banker Salaries by Percentile

Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $66,445 $5,537 $1,278 $32
Average $59,992 $4,999 $1,154 $29
25th Percentile $52,129 $4,344 $1,002 $25
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Key Factors That Influence Merchant Banker Salaries

A Merchant Banker's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.

How Experience Level Affects Merchant Banker Salaries?

Experience is a primary driver of a Merchant Banker's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:

  • Entry-Level (less than 1 year): $58,900
  • Early Career (1-2 years): $59,446
  • Mid-Level (2-4 years): $60,866
  • Senior-Level (5-8 years): $62,809
  • Expert (over 8 years): $64,087
Levels Salary
Entry Level Merchant Banker$58,900
Intermediate Level Merchant Banker$59,446
Senior Level Merchant Banker$60,866
Specialist Level Merchant Banker$62,809
Expert Level Merchant Banker$64,087
$58,900 0 yr
$59,446 < 2 yrs
$60,866 2-4 yrs
$62,809 5-8 yrs
$64,087 > 8 yrs
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What Am I Worth?

Top Paying Cities for Merchant Bankers

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • San Jose: $75,668
  • San Francisco: $74,924
  • Oakland: $73,262

What Skills Can Increase a Merchant Banker's Salary?

Demanded Skills for the Role:

  • Customer Service (Mentioned in 4.55% Job Postings): Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
  • Mortgage Servicing (Mentioned in 1.52% Job Postings): A mortgage servicer is a company to which some borrowers pay their mortgage loan payments and which performs other services in connection with mortgages and mortgage-backed securities.
  • Work Ethic (Mentioned in 1.14% Job Postings): A belief that work and diligence have a moral benefit and an inherent ability, virtue or value to strengthen character and individual abilities. A set of values centered on importance of work and manifested by determination or desire to work hard.
See More Skills
Skills Demand Percentage
Customer Service 4.55%
Mortgage Servicing 1.52%
Work Ethic 1.14%
What skills can make your compensation higher?
Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a Merchant Banker's salary.
  • Motivating: Can increase your salary by up to 20%.
  • Calendaring: Can increase your salary by up to 11%.
  • Employee Performance Management: Can increase your salary by up to 11%.
Skill Salary Salary % Increase
Motivating
$71,990
20%
Calendaring
$66,591
11%
Employee Performance Management
$66,591
11%
Partnering
$66,591
11%
Verbal Communication
$65,991
10%
Lending Products
$65,391
9%
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How Education impacts a Merchant Banker's Salary?

Your level of education can impact your salary potential. While many Merchant Bankers enter the field with a Bachelor's Degree degree, higher education can lead to more specialized and higher-paying roles.

According to our 100% employer-reported salary data, the median salary for a Merchant Banker with a Bachelor's Degree is between $65,843 and $72,032).

Merchant Banker Salaries by Degree Level

Typical Education for Merchant Banker
Degree Level % of user with this level of education
No Diploma 50.0%
High School 50.0%
Associates 50.0%
Bachelors 0.0%
Masters 0.0%
Doctorate 0.0%
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Merchant Banker Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Merchant Banker's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.

Last Updated on January 01, 2026

Salary Trends for Merchant Banker

Salaries for a Merchant Banker can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $62,456 in 2023 to around $62,445 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Merchant Banker salary trends, .

Average Annual Salary of Merchant Banker Over Time

2022
$???
2023
$62,456
2024
$62,972
2025
$62,445
2026
$???
2027
$???
Year Average Annual Salary
2022
View More
2023 $62,456
2024 $62,972
2025 $62,445
2026
View More
2027
View More

Most common benefits for Merchant Banker

Social Security
401(k)
Disability
Healthcare
Pension
Time Off (days)
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Common company salaries for Merchant Banker

Here are companies hiring for Merchant Banker and their salaries, click below for more details.

Find Your Next Merchant Banker Job

Ready to take the next step in your career? Browse thousands of current Merchant Banker job openings on our job board. Use the search bar below to find your perfect match.

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Where Does Our Salary Data Come From?

Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.

We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)

With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.

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