Finance

Investment Banker Salary in Montana (2026)

The average Investment Banker in Montana earns around $380,000/year. After taxes, your estimated take-home is $243,742/year ($20,312/month).

Take-Home Pay Breakdown

CategoryAmount
Annual Take-Home Pay
$243,742
Monthly Take-Home Pay
$20,312
Biweekly Take-Home Pay
$9,375
Hourly Take-Home Pay

based on 2,080 hrs/year

$117/hr
Federal Tax
$96,134
State Tax
$21,555
FICA Taxes
$18,569
Effective Tax Rate

total taxes ÷ gross salary

35.86%
Estimates only — not tax advice. · Full disclaimer →

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Investment Banker Salary Ranges in Montana

Entry Level (0–3 yrs)

$200,000

/year

See tax breakdown →

Mid Level (3–7 yrs)

$380,000

/year

See tax breakdown →

Senior Level (7+ yrs)

$1,500,000

/year

See tax breakdown →

Not all Investment Bankers earn the same — not even close

Montana's investment banking market is anchored by D.A. Davidson & Co. HQ Great Falls (the substantial MT-HQ regional middle-market IB + ~1.5K employees nationwide + the substantial D.A. Davidson investment banking + middle-market M&A + corporate finance + fixed income + equity capital markets + the substantial D.A. Davidson Great Falls headquarters + Seattle + Denver + Portland + Minneapolis + Bozeman + Billings + Missoula offices), Davidson Companies parent + Davidson Investment Advisors private wealth, First Interstate BancSystem Billings (post-2022 Great Western Bank merger ~$30B assets), the substantial MT middle-market M&A (post-2017 Sibanye-Stillwater $2.2B + post-2022 First Interstate-Great Western Bank + post-2022 Glacier Bancorp acquisitions + post-2024 Billings Clinic-Logan Health merger + the substantial post-2020 Bozeman tech M&A), the substantial Big Sky + Yellowstone Club + Whitefish UHNW wealth management driven by post-2020 MT migration, plus the substantial MT VC + the substantial Bozeman post-2020 startup ecosystem.

Managing Director (D.A. Davidson Great Falls)

$285,000–$685,000+ bonus

D.A. Davidson HQ Great Falls MD · IBD + middle-market M&A + Northern Rockies coverage

Director / VP (D.A. Davidson Bozeman / Billings)

$215,000–$465,000+ bonus

D.A. Davidson MT regional · middle-market M&A + corporate finance

Senior IB (First Interstate / Glacier Bancorp)

$165,000–$365,000+ bonus

First Interstate Billings + Glacier Bancorp Kalispell · MT-HQ multi-state banking M&A

Senior IB (Mining / Stillwater M&A)

$175,000–$385,000+ bonus

Stillwater Mining + Sibanye M&A + the substantial MT mining + energy M&A

Senior IB (Healthcare / Billings Clinic M&A)

$155,000–$345,000+ bonus

Billings Clinic + Logan Health + post-2024 Billings Clinic-Logan Health merger M&A

Senior IB (Bozeman Tech / Startup)

$165,000–$365,000+ TC

Bozeman post-2020 tech corridor · the substantial Bozeman startup M&A + venture

Senior Wealth Advisor (Big Sky / Yellowstone Club UHNW)

$135,000–$385,000+ bonus

Big Sky + Yellowstone Club + Whitefish UHNW wealth · Davidson Investment Advisors

VC Principal / Partner

$175,000–$385,000+ carry

MT early-stage VC + Bozeman post-2020 venture · the substantial MT VC growth

Associate (IB / VC / PE)

$118,000–$195,000+ bonus

D.A. Davidson + First Interstate + MT IB associate · transitioning to senior

Analyst (0-3 yrs IB)

$78,000–$125,000+ bonus

MSU + UM + Carroll + MT Tech analyst pipeline · entry band

Worth knowing: D.A. Davidson & Co. HQ Great Falls + the substantial MT-HQ Northern Rockies middle-market IB is one of the country's distinctive concentrated US single-state Northern Rockies IB headquarters anchor and a feature most national IB surveys understate for MT. D.A. Davidson & Co. (HQ Great Falls Montana + the substantial D.A. Davidson founded 1935 by Dorsey Andrews Davidson + ~1.5K employees nationwide + the substantial D.A. Davidson investment banking division IBD + corporate finance + fixed income + equity capital markets + the substantial D.A. Davidson middle-market M&A coverage including healthcare + financial services + industrial + technology + the substantial D.A. Davidson Davidson Companies parent + Davidson Investment Advisors private wealth ~$30B AUM + the substantial D.A. Davidson Northern Rockies + Pacific Northwest + Mountain West regional coverage) supports substantial MT IB. Senior D.A. Davidson Great Falls MDs clear $285-685K+ bonus. The substantial MT M&A wave (post-2017 Sibanye-Stillwater $2.2B PGM acquisition + post-2022 First Interstate-Great Western Bank merger + post-2022 Glacier Bancorp acquisitions + post-2024 Billings Clinic-Logan Health merger creating MT health system consolidation + the substantial post-2020 Bozeman tech M&A + the substantial post-2020 Big Sky UHNW wealth M&A). MT flat 5.9% + MT 0% sales tax + the substantial Big Sky + Yellowstone Club + Whitefish UHNW wealth management driven by post-2020 MT migration anchor the MT IB proposition.

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