There are currently an estimated 136,000 investment bankers in the United States. The investment banker job market is expected to grow by 6.0% between 2022 and 2032.
How employable are investment bankers?
CareerExplorer rates investment bankers with a C employability rating, meaning this career should provide moderate employment opportunities for the foreseeable future. Over the next 10 years, it is expected the US will need 12,400 investment bankers. That number is based on 8,200 additional investment bankers, and the retirement of 4,200 existing investment bankers.
What’s the supply of investment bankers?
The investment banker industry is concentrated in California, Texas, Florida
Investment Banker job market by state
| State Name | Employed Investment Bankers |
|---|---|
| California | 17,210 |
| Texas | 9,470 |
| Florida | 7,010 |
| New Jersey | 5,840 |
| Ohio | 5,470 |
| Illinois | 5,190 |
| Maryland | 5,060 |
| Michigan | 4,270 |
| Georgia | 4,270 |
| Virginia | 4,180 |
| New York | 4,110 |
| Colorado | 3,990 |
| North Carolina | 3,860 |
| Pennsylvania | 3,700 |
| Minnesota | 3,510 |
| District of Columbia | 3,050 |
| Washington | 3,040 |
| Massachusetts | 2,790 |
| Missouri | 2,570 |
| Tennessee | 2,160 |
| Arizona | 2,110 |
| Indiana | 2,110 |
| Wisconsin | 1,630 |
| Oregon | 1,560 |
| Iowa | 1,420 |
| Kentucky | 1,240 |
| Louisiana | 1,220 |
| Nevada | 1,020 |
| Utah | 950 |
| Connecticut | 900 |
| New Mexico | 900 |
| Oklahoma | 840 |
| South Carolina | 840 |
| Puerto Rico | 820 |
| West Virginia | 710 |
| Rhode Island | 690 |
| Alabama | 670 |
| Delaware | 650 |
| Hawaii | 610 |
| Kansas | 600 |
| Idaho | 550 |
| Nebraska | 420 |
| Mississippi | 410 |
| Maine | 400 |
| Alaska | 360 |
| North Dakota | 330 |
| New Hampshire | 290 |
| Montana | 290 |
| Vermont | 120 |
| Wyoming | 90 |