Investment Banker Salary: Boston, MA vs Denver, CO
BLS reports this occupation as "Securities, Commodities, and Financial Services Sales Agents" (41-3031); every figure on this page is for that BLS occupation.
Side-by-side comparison of wages and local price levels for Investment Bankers in Boston, MA and Denver, CO, based on BLS OEWS May 2025 wage data and BEA regional price parities for 2024.
1Which City Pays More?
Detailed Comparison
| Metric | Boston, MA | Denver, CO | Diff |
|---|---|---|---|
| Median Annual Salary | $101,200▲ | $66,940 | +$34,260 |
| 25th Percentile | $74,400▲ | $61,560 | +$12,840 |
| 75th Percentile | $163,970▲ | $106,360 | +$57,610 |
| 90th Percentile | $225,070▲ | $171,980 | +$53,090 |
| Price Level (BEA 2024, US = 100) | 108.3 | 105.8 | +2.5 |
| Median at National-Average Prices | $93,473▲ | $63,281 | +$30,192 |
| Total Employment | 11,860 | 8,400 | +3,460 |
3Summary Analysis
On paper, Boston, MA pays $34,260 more (median: $101,200 vs $66,940). BEA's regional price parity is 108.3 in Boston, MA and 105.8 in Denver, CO (United States = 100). At national-average prices the medians are $93,473 and $63,281, so Boston, MA comes out ahead once local prices are counted.
5Reading This Comparison
The $34,260 gap between the two medians is a gap in dollars, not in what those dollars buy. Dividing each median by its area's regional price parity restates it at national-average prices: $93,473 for Boston and $63,281 for Denver, a difference of $30,192.
The price levels come from the U.S. Bureau of Economic Analysis, which describes them this way: “Regional price parities (RPPs) measure the differences in price levels across states and metropolitan areas for a given year and are expressed as a percentage of the overall national price level.” The figures used here are the all-items index for each whole metropolitan area (Boston-Cambridge-Newton, MA-NH; Denver-Aurora-Centennial, CO) and cover prices only, not taxes.
BLS estimates 11,860 Investment Banker jobs in the Boston area and 8,400 in the Denver area. For broader context, see our Massachusetts overview and the full Investment Banker city ranking.
Frequently Asked Questions
Is Investment Banker salary higher in Boston, MA or Denver, CO?
Boston, MA has the higher median wage for Investment Bankers ($101,200 per year, against $66,940 in Denver, CO; BLS OEWS May 2025). Restated at national-average prices using BEA regional price parities, the medians are $93,473 in Boston, MA and $63,281 in Denver, CO.
How do prices compare between Boston, MA and Denver, CO?
The U.S. Bureau of Economic Analysis puts the 2024 regional price parity at 108.3 for the Boston-Cambridge-Newton, MA-NH metropolitan area and 105.8 for the Denver-Aurora-Centennial, CO metropolitan area, where the United States is 100. That is 8.3% above the national level for Boston, MA and 5.8% above the national level for Denver, CO.
Which city pays Investment Bankers more once local prices are counted?
Boston, MA: at national-average prices its median Investment Banker wage is $93,473, against $63,281 for Denver, CO. The adjustment divides each median by the area's BEA regional price parity and covers prices only, not taxes.