How much does a Investment Banker make in North Dakota?

BLS puts average pay at investment banking and securities firms in North Dakota at $202,530 a year (BLS QCEW, 2025). On that pay in North Dakota, after federal taxes, FICA, and North Dakota state taxes, your estimated take-home pay is approximately $148,122 annually ($12,343/month).

What is the take-home pay for a Investment Banker in North Dakota?

On a $202,530 salary in North Dakota, your take-home pay is approximately $148,122/year or $12,343/month. Federal tax: $37,341. State tax: $2,669. FICA: $14,398.

Is $202,530 a good Investment Banker salary?

$202,530 is the BLS average Investment Banker pay in North Dakota, 39% below the US average of $331,460 (BLS QCEW, 2025).

How do North Dakota taxes affect Investment Banker salaries?

North Dakota levies state income tax on top of federal taxes. Your estimated state tax on $202,530 is $2,669. Your total effective tax rate is approximately 26.9%.

What are the career growth prospects for Investment Bankers?

BLS projects 7% growth 2022-2032 for securities/commodities/financial services sales agents. Investment banking employment cycles 5-10% with M&A deal volume; 2026 outlook = recovery from the 2022-2024 M&A trough. Carry interest 3-year holding rule (TCJA 2018) shifted compensation architecture for sponsor-coverage / PE-crossover roles. Elite boutique advisory firms (Evercore / Centerview / Lazard / Moelis / PJT) have outpaced bulge-bracket on per-banker comp 2018-2026. Related roles include: M&A Banker, ECM Banker, DCM Banker, Leveraged Finance Banker, Restructuring Banker, Sponsor Coverage Banker, Coverage Banker, Industry Banker, Managing Director, Director, VP, Associate, Analyst.

How can a Investment Banker in North Dakota reduce their tax bill?

Maximize your 401(k) contribution ($24,500 in 2026) to reduce taxable income. An HSA ($4,400 single / $8,750 family) adds further pre-tax savings. These strategies can save thousands annually — use our calculator to see your exact savings.

Finance

Investment Banker Salary in North Dakota (2026)

Average Investment Banker pay in North Dakota

$202,530/year

≈ $97/hour before tax

US average: $331,460

Source: BLS QCEW, 2025 · Investment banking and securities intermediation (industry average pay)

After tax (single filer)

$148,122/year

$12,343/month · effective tax rate 26.86%

Federal $37,341
State $2,669
FICA $14,398
Take-home

Pay by role in North Dakota

Senior IB (D.A. Davidson Fargo / Bismarck)$215,000–$485,000+ bonus
Senior IB (Bell Bank Fargo Corporate Finance)$185,000–$425,000+ bonus
Senior IB (Bank of North Dakota Capital Markets)$165,000–$385,000+ bonus
Senior IB (Bakken Oil M&A)$215,000–$525,000+ bonus
Senior IB (Microsoft / Doosan-Bobcat Corp Dev)$195,000–$465,000+ TC
Senior IB (Healthcare M&A / Sanford)$165,000–$385,000+ bonus

See all 10 roles with notes

See the full tax breakdown

Category	Amount
Annual Take-Home Pay	$148,122
Monthly Take-Home Pay	$12,343
Biweekly Take-Home Pay	$5,697
Hourly Take-Home Pay based on 2,080 hrs/year	$71/hr
Federal Tax	$37,341
State Tax	$2,669
FICA Taxes	$14,398
Effective Tax Rate total taxes ÷ gross salary	26.86%

Estimates only — not tax advice. · Full disclaimer →

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.

Sources & Methodology

Salary figures are market estimates for Investment Bankers in North Dakota and vary by employer, specialty, seniority, and metro. Take-home math assumes a single filer with no dependents, the standard deduction, and North Dakota 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