There are currently an estimated 135,900 investment bankers in the United States. The investment banker job market is expected to grow by 9.6% between 2016 and 2026.
How employable are investment bankers?
CareerExplorer rates investment bankers with a D employability rating, meaning this career should provide weak employment opportunities for the foreseeable future. Over the next 10 years, it is expected the US will need 18,300 investment bankers. That number is based on 13,100 additional investment bankers, and the retirement of 5,200 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 |
| Georgia | 4,270 |
| Michigan | 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 |
| Indiana | 2,110 |
| Arizona | 2,110 |
| Wisconsin | 1,630 |
| Oregon | 1,560 |
| Iowa | 1,420 |
| Kentucky | 1,240 |
| Louisiana | 1,220 |
| Nevada | 1,020 |
| Utah | 950 |
| New Mexico | 900 |
| Connecticut | 900 |
| South Carolina | 840 |
| Oklahoma | 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 |
| Montana | 290 |
| New Hampshire | 290 |
| Vermont | 120 |
| Wyoming | 90 |