Investment Banker Salary in Rhode Island (2026)
The average Investment Banker in Rhode Island earns around $380,000/year. After taxes, your estimated take-home is $246,457/year ($20,538/month).
Take-Home Pay Breakdown
| Category | Amount |
|---|---|
Annual Take-Home Pay | $246,457 |
Monthly Take-Home Pay | $20,538 |
Biweekly Take-Home Pay | $9,479 |
Hourly Take-Home Pay based on 2,080 hrs/year | $118/hr |
Federal Tax | $96,134 |
State Tax | $18,840 |
FICA Taxes | $18,569 |
Effective Tax Rate total taxes ÷ gross salary | 35.14% |
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Investment Banker Salary Ranges in Rhode Island
Not all Investment Bankers earn the same — not even close
Rhode Island's investment banker market is anchored by CVS Health Woonsocket corporate development + M&A (Fortune 4 healthcare giant + post-2018 CVS-Aetna $69B merger legacy + the substantial post-2024 CVS Health Oak Street Health $10.6B + Signify Health $8B acquisitions + the substantial CVS Health $370B+ revenue + the substantial CVS corporate development), Citizens Financial Group Providence HQ ~$220B+ corporate finance + M&A advisory (the substantial Citizens commercial + retail banking M&A), Fidelity Investments Smithfield asset management advisory + the substantial Fidelity private equity, Hasbro Pawtucket post-2023 Hasbro-eOne $4B entertainment integration + post-2024 Hasbro divestitures, Newport defense M&A (Raytheon Portsmouth + GD Electric Boat Quonset cross-state submarine + the substantial Newport defense M&A), post-2020 Providence + Newport + Watch Hill UHNW migration (the substantial post-2020 NYC-Boston-PHL UHNW migration leveraging RI 5.99% + RI Newport tax-haven), plus University of Rhode Island + Bryant + Providence College + Brown University CFA + IB pipeline (most RI IB careers route through Boston + NYC before RI advisory roles).
Managing Director / Partner
$385,000–$1,150,000+ bonus
MD at boutique IB · RI healthcare + financial + defense M&A book
Director / Sr VP
$255,000–$525,000+ bonus
Director at RI-active IB · CVS + Citizens + Hasbro M&A · origination
Vice President
$195,000–$365,000+ bonus
VP at RI IB · healthcare + financial + defense + UHNW execution
Senior Associate
$155,000–$245,000+ bonus
Sr Associate · post-MBA · RI IB + Citizens + Fidelity advisory
Associate (Post-MBA)
$135,000–$192,000+ bonus
Post-MBA Associate · RI M&A pitch + execution + due diligence
Senior Analyst (3rd Year)
$115,000–$165,000+ bonus
3rd-year Analyst · RI M&A modeling + pitch books
Analyst (1st-2nd Year)
$95,000–$135,000+ bonus
1st-2nd year Analyst · Brown + URI + Bryant business recruit
Sr Wealth / Private Banker (UHNW)
$135,000–$245,000+ bonus
Providence + Newport + Watch Hill UHNW · post-2020 NYC-Boston-PHL migration
Sr M&A Lawyer (RI Middle Market)
$235,000–$465,000+ bonus
Sr M&A counsel · RI healthcare + financial + defense + insurance
Sr Corporate Development (CVS / Citizens / Hasbro)
$165,000–$285,000+ bonus
CVS + Citizens + Fidelity + Hasbro + Amica corp dev · in-house M&A
Worth knowing: CVS Health Woonsocket Fortune 4 M&A + Citizens Financial Providence + Fidelity Smithfield asset management + Hasbro Pawtucket post-2023 Hasbro-eOne integration + post-2020 NYC-Boston-PHL UHNW migration tetra-anchor is one of the country's distinctive concentrated US single-state Fortune 4 healthcare + regional banking + asset management + heritage US toy + UHNW migration IB cluster and a feature most national IB surveys understate for RI. CVS Health Woonsocket corporate development + M&A (Fortune 4 healthcare giant + post-2018 CVS-Aetna $69B merger legacy + the substantial post-2024 CVS Health Oak Street Health $10.6B + Signify Health $8B acquisitions + the substantial CVS Health $370B+ revenue + the substantial CVS corporate development). Citizens Financial Group Providence HQ ~$220B+ corporate finance + M&A advisory. Fidelity Investments Smithfield asset management + the substantial Fidelity private equity. Hasbro Pawtucket (post-2023 Hasbro-eOne $4B entertainment integration + post-2024 Hasbro divestitures). Newport defense M&A (Raytheon Portsmouth + GD Electric Boat Quonset cross-state submarine). post-2020 Providence + Newport + Watch Hill + Jamestown + Block Island UHNW migration (the substantial post-2020 NYC-Boston-PHL UHNW migration leveraging RI 5.99% + the substantial Newport historical mansion + UHNW + Bellevue Avenue Newport). URI + Bryant + Providence College + Brown CFA + IB pipeline. RI progressive top 5.99% + RI no estate tax conformed federal anchor the RI IB proposition.
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More on Rhode Island
Salaries by profession, top-paying roles by industry, and an economic breakdown for Rhode Island in 2026.
Tax brackets, standard deductions, and take-home estimates for Rhode Island in 2026.
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