Key Factors That Influence Merchant Banking Salaries
A Merchant Banking'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 Banking Salaries?
Experience is a primary driver of a Merchant Banking'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): $61,292
Early Career (1-2 years): $61,863
Mid-Level (2-4 years): $63,348
Senior-Level (5-8 years): $65,367
Expert (over 8 years): $66,688
Levels
Salary
Entry Level Merchant Banking
$61,292
Intermediate Level Merchant Banking
$61,863
Senior Level Merchant Banking
$63,348
Specialist Level Merchant Banking
$65,367
Expert Level Merchant Banking
$66,688
$61,2920 yr
$61,863< 2 yrs
$63,3482-4 yrs
$65,3675-8 yrs
$66,688> 8 yrs
View as Table
View as Graph
What Am I Worth?
How Do Merchant Banking Salaries Vary from State to State?
Your salary can change significantly depending on where you work.
States with a higher cost of living and strong industrial sectors
often pay more to attract Merchant Bankings.
For example, consider the average annual salaries in these key locations:
District of Columbia: $69,127.
California: $68,865.
Massachusetts: $67,947.
District of Columbia$69,127
California$68,865
Massachusetts$67,947
Washington$67,697
New Jersey$67,672
Alaska$67,585
Connecticut$66,723
New York$66,374
Hawaii$65,256
Rhode Island$64,732
Maryland$64,376
Minnesota$63,889
Colorado$63,701
Illinois$63,639
Oregon$63,402
Delaware$63,227
New Hampshire$63,117
Virginia$62,871
Pennsylvania$62,153
Nevada$61,791
North Dakota$61,672
Michigan$61,485
Wisconsin$61,416
Vermont$61,279
Texas$60,898
Maine$60,873
Arizona$60,836
Ohio$60,792
Georgia$60,218
Indiana$59,930
Wyoming$59,874
Utah$59,787
Iowa$59,749
Kansas$59,450
Louisiana$59,362
North Carolina$59,331
Missouri$59,319
Florida$59,075
Montana$58,944
Nebraska$58,819
Kentucky$58,750
South Carolina$58,501
Tennessee$58,345
Idaho$58,282
New Mexico$57,826
Oklahoma$57,726
Alabama$57,358
South Dakota$56,740
Arkansas$56,403
West Virginia$56,222
Mississippi$55,679
Top Paying Cities for Merchant Bankings
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: $78,748
San Francisco: $77,886
Oakland: $76,244
San Jose, CA$78,748
San Francisco, CA$77,886
Oakland, CA$76,244
New York, NY$71,886
Paramus, NJ$71,012
Queens Village, NY$71,009
Passaic, NJ$70,949
Bergenfield, NJ$70,944
Stamford, CT$70,806
Huntington, NY$70,781
Newark, NJ$70,319
Bridgeport, CT$70,188
Vallejo, CA$70,063
New Brunswick, NJ$70,038
Petaluma, CA$70,001
Middlesex, NJ$69,882
Somerset, NJ$69,839
Santa Cruz, CA$69,758
Boston, MA$69,377
Monterey, CA$69,158
Seattle, WA$69,015
Santa Rosa, CA$69,002
Los Angeles, CA$68,983
Juneau, AK$68,821
Washington, DC$68,752
Orange, CA$68,530
Santa Ana, CA$68,365
Long Beach, CA$68,303
Anaheim, CA$68,290
Anchorage, AK$68,259
Santa Maria, CA$68,072
Everett, WA$68,059
Danbury, CT$67,840
Bremerton, WA$67,753
Tacoma, WA$67,529
New Suffolk, NY$67,527
Sacramento, CA$67,510
Santa Barbara, CA$67,441
Trenton, NJ$67,373
San Diego, CA$67,373
Brockton, MA$67,304
Fairbanks, AK$67,151
Lompoc, CA$66,992
Lowell, MA$66,941
Ventura, CA$66,929
Nashua, NH$66,917
Stockton, CA$66,911
Modesto, CA$66,455
Poughkeepsie, NY$66,317
Olympia, WA$66,199
Kennewick, WA$66,199
New Haven, CT$66,174
Lawrence, MA$65,949
Hartford, CT$65,887
Riverside, CA$65,874
New Bedford, MA$65,812
Richland, WA$65,812
Bakersfield, CA$65,724
San Bernardino, CA$65,699
New Britain, CT$65,693
Atlantic City, NJ$65,693
New London, CT$65,668
Norwich, CT$65,649
Portsmouth, NH$65,637
Boulder, CO$65,505
Portland, OR$65,418
Worcester, MA$65,412
Minneapolis, MN$65,219
Philadelphia, PA$65,131
Honolulu, HI$64,925
Saint Paul, MN$64,895
Vineland, NJ$64,881
Providence, RI$64,700
Chicago, IL$64,519
Bellingham, WA$64,444
Springfield, MA$64,394
Baltimore, MD$64,376
Chico, CA$64,220
Pittsfield, MA$64,051
Manchester, NH$63,932
Spokane, WA$63,658
Denver, CO$63,651
Albany, NY$63,358
Troy, NY$63,333
Nassau, NY$63,266
Schenectady, NY$63,202
Wilmington, DE$63,152
Burlington, VT$63,065
Salem, OR$63,040
Portland, ME$62,846
Yakima, WA$62,784
Rochester, MN$62,590
Reno, NV$62,559
Fresno, CA$62,559
Milwaukee, WI$62,503
Detroit, MI$62,440
Ann Arbor, MI$62,430
Allentown, PA$62,422
Colorado Springs, CO$62,315
Syracuse, NY$62,284
Carson City, NV$62,284
Houston, TX$62,197
Eugene, OR$62,166
Gary, IN$62,091
Springfield, OR$62,041
Bismarck, ND$62,028
Galveston, TX$61,984
Medford, OR$61,891
Fort Collins, CO$61,866
Concord, NH$61,835
Austin, TX$61,816
Mesa, AZ$61,685
Reading, PA$61,679
Phoenix, AZ$61,672
Dallas, TX$61,654
Saint Cloud, MN$61,594
Madison, WI$61,510
Utica, NY$61,341
Rochester, NY$61,242
Des Moines, IA$61,235
Raleigh, NC$61,229
Atlanta, GA$61,135
Battle Creek, MI$61,117
Salt Lake City, UT$61,098
Lancaster, PA$61,004
Harrisburg, PA$60,917
Kansas City, MO$60,854
Champaign, IL$60,842
Kansas City, KS$60,842
Fort Worth, TX$60,836
Columbus, OH$60,825
Boca Raton, FL$60,811
Pittsburgh, PA$60,786
Richmond, VA$60,761
Indianapolis, IN$60,748
Cleveland, OH$60,742
Las Vegas, NV$60,667
Cincinnati, OH$60,667
Petersburg, VA$60,573
Huntsville, AL$60,480
Lansing, MI$60,438
Lebanon, PA$60,430
Pueblo, CO$60,424
Appleton, WI$60,405
Buffalo, NY$60,380
Dayton, OH$60,361
Racine, WI$60,349
Charlotte, NC$60,342
Saint Louis, MO$60,324
York, PA$60,286
Elkhart, IN$60,286
Gastonia, NC$60,274
Billings, MT$60,259
Beaumont, TX$60,243
Lorain, OH$60,230
Benton Harbor, MI$60,218
Toledo, OH$60,205
Binghamton, NY$60,174
Rock Hill, SC$60,168
Rockford, IL$60,136
Springfield, IL$60,111
Elyria, OH$60,105
Fargo, ND$60,105
Flagstaff, AZ$60,062
Fort Lauderdale, FL$60,024
Duluth, MN$59,987
Miami, FL$59,987
Cheyenne, WY$59,943
Grand Forks, ND$59,943
Bangor, ME$59,806
Cedar Rapids, IA$59,737
Durham, NC$59,711
Louisville, KY$59,706
Grand Rapids, MI$59,693
Hialeah, FL$59,687
Casper, WY$59,599
Scranton, PA$59,525
New Orleans, LA$59,506
Virginia Beach, VA$59,500
Akron, OH$59,468
Peoria, IL$59,387
Sarasota, FL$59,375
Nashville, TN$59,331
Omaha, NE$59,331
Green Bay, WI$59,331
Baton Rouge, LA$59,300
Charleston, SC$59,287
Jamestown, NY$59,256
Davenport, IA$59,256
Tucson, AZ$59,225
Saint Petersburg, FL$59,187
Tampa, FL$59,175
Evansville, IN$59,137
Port Arthur, TX$59,137
Bradenton, FL$59,113
Santa Fe, NM$59,000
Orlando, FL$58,888
Clearwater, FL$58,869
Canton, OH$58,738
La Crosse, WI$58,738
Albuquerque, NM$58,700
Newport News, VA$58,694
High Point, NC$58,675
Ogden, UT$58,650
Corpus Christi, TX$58,601
Norfolk, VA$58,563
Laramie, WY$58,563
Rock Island, IL$58,526
Saginaw, MI$58,513
Jacksonville, FL$58,507
Salisbury, NC$58,494
Boise, ID$58,482
Moline, IL$58,451
Fort Myers, FL$58,432
Memphis, TN$58,419
Tulsa, OK$58,388
Waterloo, IA$58,351
Spartanburg, SC$58,288
Lincoln, NE$58,257
Fort Wayne, IN$58,245
Provo, UT$58,238
Cedar Falls, IA$58,164
San Antonio, TX$58,139
Greensboro, NC$58,114
South Bend, IN$58,107
Savannah, GA$58,039
Muskegon, MI$58,014
Birmingham, AL$58,007
Winston Salem, NC$57,977
Lake Charles, LA$57,826
Anderson, IN$57,814
Lexington, KY$57,795
Augusta, GA$57,776
Greenville, SC$57,776
Lima, OH$57,726
Wichita, KS$57,720
Tuscaloosa, AL$57,720
Columbia, SC$57,664
Springfield, OH$57,652
Asheville, NC$57,552
Bloomington, IN$57,508
Knoxville, TN$57,283
Shreveport, LA$57,277
Wilmington, NC$57,196
Roanoke, VA$57,196
Topeka, KS$57,083
Frankfort, KY$57,077
Oklahoma City, OK$57,033
Chillicothe, OH$57,008
Longview, TX$57,002
Melbourne, FL$56,996
Sioux Falls, SD$56,896
Mobile, AL$56,890
Terre Haute, IN$56,865
Altoona, PA$56,827
Amarillo, TX$56,784
Killeen, TX$56,765
Fayetteville, AR$56,715
Chattanooga, TN$56,696
Sioux City, IA$56,640
Idaho Falls, ID$56,628
Lynchburg, VA$56,578
Gainesville, FL$56,497
Portsmouth, OH$56,465
Little Rock, AR$56,453
Lafayette, LA$56,428
Youngstown, OH$56,428
Daytona Beach, FL$56,390
Clarksville, TN$56,384
Pensacola, FL$56,378
Temple, TX$56,374
Hopkinsville, KY$56,191
Erie, PA$56,178
Florence, SC$56,153
Charleston, WV$56,053
Great Falls, MT$56,022
Macon, GA$55,935
Tallahassee, FL$55,928
Fayetteville, NC$55,916
Waco, TX$55,903
Helena, MT$55,860
Pine Bluff, AR$55,836
Vincennes, IN$55,760
Lubbock, TX$55,735
Alamogordo, NM$55,697
Twin Falls, ID$55,641
Rapid City, SD$55,622
Jackson, MS$55,510
Huntington, WV$55,506
Greenville, MS$55,504
Parkersburg, WV$55,440
Montgomery, AL$55,429
Wichita Falls, TX$55,366
Springfield, MO$55,366
Biloxi, MS$55,335
Monroe, LA$55,273
Johnstown, PA$55,229
Sumter, SC$55,204
Columbus, GA$55,198
Pascagoula, MS$55,079
Abilene, TX$55,079
Kingsport, TN$54,917
Albany, GA$54,917
Gulfport, MS$54,898
Alexandria, LA$54,692
Fort Smith, AR$54,536
El Paso, TX$54,368
Las Cruces, NM$54,087
Harlingen, TX$53,928
Pocatello, ID$53,918
Florence, AL$53,837
Brownsville, TX$53,824
Mcallen, TX$53,693
Dothan, AL$53,606
Columbus, MS$53,235
Altus, OK$52,944
Lawton, OK$52,825
Pierre, SD$52,601
What Skills Can Increase a Merchant Banking'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 Banking'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
$74,921
20%
Calendaring
$69,302
11%
Employee Performance Management
$69,302
11%
Partnering
$69,302
11%
Verbal Communication
$68,677
10%
Lending Products
$68,053
9%
Get Latest Data
Merchant Banking Salary by Industry: Top Paying Sectors
For Merchant Banking roles, the industry you choose can impact your earning potential
by as much as 40% (the gap between the highest and lowest paying industries).
Data shows that the highest-paying industry, Financial Services,
offers compensation 20% above the average. Conversely,
Merchant Banking positions in Business Services typically offer lower base pay,
as this sector often view Merchant Banking as a support function rather than a direct revenue driver.
The top paying industry for a Merchant Banking
Industry Sector
Average Annual Salary
Average Hourly Rate
Pay vs.Avg
Financial Services
$74,921
$36.0
20%
How Education impacts a Merchant Banking's Salary?
Your level of education can impact your salary potential.
While many Merchant Bankings 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 Banking with a Bachelor's Degree is between
$65,843
and $72,032).
Merchant Banking Salaries by Degree Level
Typical Education for Merchant Banking
No Diploma50.0%
High School50.0%
Associates50.0%
Bachelors0.0%
Masters0.0%
Doctorate0.0%
view as table
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%
view as graph
Merchant Banking Salary: Hourly Rate, Weekly Pay, and Monthly Pay
Understanding how a Merchant Banking'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.
Salaries for a Merchant Banking can change over time,
reflecting shifts in market demand and the overall economy.
The median salary decreased from $64,954 in 2023
to around $64,942 in 2025,
reflecting changes in demand, location, experience, and the wider economy.
For a detailed analysis of Merchant Banking salary trends,
.
Average Annual Salary of Merchant Banking Over Time
2022
$???
2023
$64,954
2024
$65,490
2025
$64,942
2026
$???
2027
$???
Year
Average Annual Salary
2022
View More
2023
$64,954
2024
$65,490
2025
$64,942
2026
View More
2027
View More
Most common benefits for Merchant Banking
Social Security
401(k)
Disability
Healthcare
Pension
Time Off (days)
For Employers
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Compensation Planning
Common company salaries for Merchant Banking
Here are companies hiring for Merchant Banking and their salaries, click below for more details.
K
$114,295/per year
Kpmg Us LLP
Business Services
the United States
W
$114,096/per year
Warner Bros Discovery
Business Services
the United States
D
$111,927/per year
Dentsu International Ltd
Business Services
the United States
G
$111,873/per year
GroupM Worldwide Inc
Business Services
the United States
C
$111,651/per year
CoWorx Staffing
Business Services
the United States
C
$110,194/per year
Contemporary Services Corp
Business Services
the United States
S
$107,128/per year
Showcase Cinemas
Business Services
the United States
A
$106,429/per year
Amentum Services Inc
Business Services
the United States
A
$106,199/per year
Allied Universal Security Services LLC
Business Services
the United States
S
$106,104/per year
Sodexo USA
Business Services
the United States
J
$105,192/per year
JLL Technologies
Business Services
the United States
I
$104,478/per year
Intact Insurance Group USA LLC
Business Services
the United States
N
$101,619/per year
NielsenIQ
Business Services
the United States
T
$101,470/per year
The Leading Edge Alliance
Business Services
the United States
H
$101,308/per year
Honeywell UOP
Business Services
the United States
R
$97,720/per year
Reeve & Associates
Business Services
the United States
M
$97,584/per year
ManpowerGroup Global Inc
Business Services
the United States
F
$95,980/per year
Financial Sys Nco
Business Services
the United States
A
$95,314/per year
Arrow Global Ltd
Business Services
the United States
C
$94,777/per year
CarMax Enterprise Services LLC
Business Services
the United States
D
$94,479/per year
DZConneX
Business Services
the United States
A
$93,802/per year
Adecco Staffing, USA
Business Services
the United States
R
$92,937/per year
Resource MFG
Business Services
the United States
Z
$92,774/per year
Zachry Brands Inc
Business Services
the United States
G
$88,138/per year
Greystar Worldwide LLC
Business Services
the United States
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Use the search bar below to find your perfect match.
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Where Does Our Salary Data Come From?
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