Investment Banker Salary in Iowa (2026)
Average Investment Banker pay in Iowa
$144,126/year
≈ $69/hour before tax
US average: $331,460
Source: BLS QCEW, 2025 · Investment banking and securities intermediation (industry average pay)
After tax (single filer)
$104,951/year
$8,746/month · effective tax rate 27.18%
- Federal $23,324
- State $4,825
- FICA $11,026
- Take-home
Pay by role in Iowa
- VP / Director / MDBLS · 75th–90th percentile$173,660–$225,920
- Associate / Senior AnalystBLS · 75th–90th percentile$115,220–$135,890
- IB / Financial AnalystBLS · middle 50%$76,500–$115,220
See the full tax breakdown
| Category | Amount |
|---|---|
Annual Take-Home Pay | $104,951 |
Monthly Take-Home Pay | $8,746 |
Biweekly Take-Home Pay | $4,037 |
Hourly Take-Home Pay based on 2,080 hrs/year | $50/hr |
Federal Tax | $23,324 |
State Tax | $4,825 |
FICA Taxes | $11,026 |
Effective Tax Rate total taxes ÷ gross salary | 27.18% |
Not all Investment Bankers earn the same — not even close
Iowa's investment banking market is anchored by Principal Securities Des Moines (Principal Financial broker-dealer + the substantial Principal Securities corporate finance), Wells Fargo Securities West Des Moines (the substantial WF Securities Iowa middle-market + WF Home Mortgage post-2023 retrenchment), DA Davidson Iowa (Great Falls MT-HQ regional middle-market M&A + DA Davidson Des Moines + Cedar Rapids), the substantial Iowa middle-market M&A (the substantial post-2017 DowDuPont-Corteva-Pioneer spin-off + the substantial post-2022 Athene-Apollo merger Des Moines + the substantial post-2023 Kum & Go-Maverik $2B+ acquisition + the substantial post-2024 ag consolidation + the substantial John Deere acquisitions + the substantial Vermeer + Pella + HNI middle-market M&A), the substantial IA agriculture + ethanol M&A (the substantial IA #1 US ethanol + corn + soybean + pork M&A), plus the substantial IA VC + PE community (BlueRiver Ventures + Next Level Ventures + Hawkeye Hotel Investments).
VP / Director / MD
$173,660–$225,920
Principal Securities Des Moines · IBD + corporate finance + Principal Financial coverage
Source: BLS May 2025 · Financial Managers · Iowa · 75th–90th percentile
Associate / Senior Analyst
$115,220–$135,890
Principal Securities + DA Davidson + WF Securities associate · transitioning to senior
Source: BLS May 2025 · Financial and Investment Analysts · Iowa · 75th–90th percentile
IB / Financial Analyst
$76,500–$115,220
Drake + UI Tippie + ISU Ivy analyst pipeline · entry band
Source: BLS May 2025 · Financial and Investment Analysts · Iowa · middle 50%
Worth knowing: Principal Securities Des Moines + the substantial post-2022 Athene-Apollo merger + post-2023 Kum & Go-Maverik + post-2017 DowDuPont-Corteva-Pioneer spin-off is one of the country's distinctive concentrated US single-state insurance + ag M&A anchor and a feature most national IB surveys understate for IA. Principal Securities (Principal Financial broker-dealer + the substantial Principal Securities corporate finance + the substantial Principal IBD coverage of Iowa middle-market + Principal Global Investors private placement) supports substantial IA IB. Senior Principal Securities MDs clear $285-685K+ bonus. The substantial IA M&A wave (the substantial post-2017 DowDuPont $130B merger spin-off creating Corteva Agriscience Johnston + the substantial post-2022 Athene-Apollo merger Des Moines + the substantial post-2023 Kum & Go $11.5B Maverik acquisition + the substantial John Deere acquisitions including post-2017 Blue River Technology + the substantial post-2024 IA ag consolidation including Bayer-Pioneer + Syngenta-ChemChina + the substantial IA #1 US ethanol + corn + soybean + pork producer M&A) supports substantial IA M&A pipeline. DA Davidson Des Moines + Cedar Rapids + Wells Fargo Securities West Des Moines + the substantial IA middle-market M&A serving Vermeer + Pella + HNI + Winnebago + Hy-Vee + Casey. IA flat 3.8% + IA RTW since 1947 + IA inheritance tax repealed Jan 1 2025 + IA property tax ~1.50% anchor the IA IB proposition.
Sources & Methodology
- →IRS Rev. Proc. 2025-32 — 2026 federal brackets and standard deduction
- →IRS Notice 2025-67 — 2026 retirement-plan contribution limits
- →IRS Rev. Proc. 2025-19 — 2026 HSA contribution limits
- →Social Security Administration — 2026 Social Security wage base
- →Iowa Withholding Formula, effective 1 January 2026 (3.80%) — Iowa Department of Revenue
- →BLS Occupational Employment and Wage Statistics — Investment Banker wage data for Iowa
Salary figures are market estimates for Investment Bankers in Iowa and vary by employer, specialty, seniority, and metro. Take-home math assumes a single filer with no dependents, the standard deduction, and Iowa 2026 state rates. Local taxes, insurance premiums, and pre-tax contributions will move your number — run the calculator for your own situation.
Run your own numbers
- Iowa paycheck calculator → · 401(k), HSA, dependents
- Bonus calculator → · year-end, sign-on, retention
- Capital-gains calculator → · long-term rates, NIIT, state tax
- RSU calculator → · flat 22% withholding often falls short
Frequently Asked Questions
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