Finance

Investment Banker Salary in North Dakota (2026)

The average Investment Banker in North Dakota earns around $380,000/year. After taxes, your estimated take-home is $258,019/year ($21,502/month).

Take-Home Pay Breakdown

CategoryAmount
Annual Take-Home Pay
$258,019
Monthly Take-Home Pay
$21,502
Biweekly Take-Home Pay
$9,924
Hourly Take-Home Pay

based on 2,080 hrs/year

$124/hr
Federal Tax
$96,134
State Tax
$7,278
FICA Taxes
$18,569
Effective Tax Rate

total taxes ÷ gross salary

32.1%
Estimates only — not tax advice. · Full disclaimer →

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Investment Banker Salary Ranges in North Dakota

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

North Dakota's investment banking market is anchored by Bell Bank Fargo (substantial private bank ~$11B assets + the substantial Bell Bank corporate finance + capital markets) + Bank of North Dakota Bismarck (the only state-owned US bank ~$10B+ + the substantial BND capital markets + ag + commodity lending), D.A. Davidson Fargo + Bismarck (Great Falls MT-HQ regional middle-market M&A + substantial ND offices), the substantial Bakken oil M&A (post-2010 Bakken consolidation + post-2014 Bakken price crash M&A + post-2020 Bakken recovery + post-2024 substantial Continental Resources-Harold Hamm $4.3B take-private + post-2024 Marathon-ConocoPhillips $22.5B merger + the substantial Whiting-Oasis Petroleum 2022 merger + the substantial ND oil M&A consolidation), the substantial post-2024 Doosan-HD Bobcat split + post-2014 Sanford-Fairview $11B blocked merger ND operations, the substantial Microsoft Fargo + Doosan-Bobcat corporate development, plus the substantial ND VC + the substantial Fargo post-2020 startup ecosystem (Bushel Ag + Emerging Prairie + Bell Insurance).

Senior IB (D.A. Davidson Fargo / Bismarck)

$215,000–$485,000+ bonus

D.A. Davidson Fargo + Bismarck · regional middle-market M&A + Bakken + ND corporate finance

Senior IB (Bell Bank Fargo Corporate Finance)

$185,000–$425,000+ bonus

Bell Bank Fargo · the substantial Bell Bank corporate finance + capital markets

Senior IB (Bank of North Dakota Capital Markets)

$165,000–$385,000+ bonus

Bank of ND Bismarck · the only state-owned US bank capital markets + ag commodity

Senior IB (Bakken Oil M&A)

$215,000–$525,000+ bonus

Bakken oil consolidation + post-2024 Continental + ConocoPhillips-Marathon + Hess M&A

Senior IB (Microsoft / Doosan-Bobcat Corp Dev)

$195,000–$465,000+ TC

Microsoft Fargo + Doosan-Bobcat post-2024 split · industrial + tech corp dev + M&A

Senior IB (Healthcare M&A / Sanford)

$165,000–$385,000+ bonus

Sanford Health + post-2014 Sanford-Fairview blocked merger + post-2024 ND health M&A

Senior IB (Eide Bailly Fargo Advisory)

$165,000–$365,000+ bonus

Eide Bailly Fargo HQ · corporate finance advisory + middle-market M&A

VC Principal / Partner (Fargo Startup / Bushel Ag)

$165,000–$365,000+ carry

Bushel Ag + Emerging Prairie + Bell Insurance · Fargo post-2020 startup VC

Associate (IB / VC)

$125,000–$215,000+ bonus

D.A. Davidson + Bell Bank associate · transitioning to senior band

Analyst (0-3 yrs IB)

$78,000–$125,000+ bonus

UND Nistler + NDSU + Dickinson State analyst pipeline · entry band

Worth knowing: Bakken oil M&A + the substantial post-2010 Bakken consolidation is one of the country's distinctive concentrated US single-state oil M&A anchor and a feature most national IB surveys understate for ND. The substantial Bakken oil M&A wave (post-2010 Bakken shale boom + post-2014 Bakken price crash M&A + post-2020 Bakken oil recovery + the substantial post-2024 Continental Resources Harold Hamm $4.3B take-private + the substantial post-2024 ConocoPhillips-Marathon Oil $22.5B merger affecting Bakken portfolio + the substantial post-2022 Whiting Petroleum-Oasis Petroleum merger creating Chord Energy + the substantial post-2024 Hess-Chevron $53B merger Bakken implications + the substantial Bakken takeaway capacity Dakota Access Pipeline + the substantial ND oil consolidation creating substantial ND-anchored M&A pipeline) supports substantial ND oil IB. Senior Bakken oil M&A bankers clear $215-525K+ bonus. D.A. Davidson Fargo + Bismarck regional middle-market M&A + Bell Bank Fargo corporate finance + Bank of North Dakota capital markets + Microsoft Fargo + Doosan-Bobcat post-2024 split corp dev + Eide Bailly Fargo HQ advisory + Sanford-Fairview blocked merger + the substantial Fargo post-2020 startup ecosystem (Bushel Ag agricultural data SaaS + Emerging Prairie + Bell Insurance). ND flat 1.95%/2.5% top + ND RTW since 1948 anchor the ND IB proposition.

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