Business & Finance Chicago, IL Pop. 2,693,976

Financial Advisor Salary in Chicago, Illinois

The median financial advisor salary in Chicago, IL is $107,791 per year, which is 13.0% above the national median and 11.9% above the Illinois state average.

City Median
$107,791
vs State Avg
+$11,447
vs National
+$12,401
Cost of Living
107%

Financial Advisor Salary in Chicago by Experience

In Chicago, an entry-level financial advisor earns around $54,240, while experienced professionals earn up to $203,400 per year. The local cost of living index is 107% of the national average.

Entry Level (0-2 yrs)
$54,240
+$6,240 vs national
Mid Level (3-7 yrs)
$107,350
+$12,350 vs national
Senior Level (8+ yrs)
$203,400
+$23,400 vs national

Salary Percentiles in Chicago, IL

Percentile Chicago
10th Percentile $50,172
25th Percentile $70,512
Median (50th) $107,791
75th Percentile $168,370
90th Percentile $270,070

Financial Advisor Salary in Other Illinois Cities

Naperville, IL
$108,745
Pop. 149,540
Aurora, IL
$96,344
Pop. 197,757
Springfield, IL
$86,805
Pop. 114,394
Rockford, IL
$83,943
Pop. 148,655

How to Become a Financial Advisor in Chicago

Education

Most financial advisor positions require a bachelor's degree. Chicago and the surrounding Illinois area have institutions offering relevant programs.

Key Skills

Investment PlanningPortfolio ManagementTax PlanningClient RelationsFinancial AnalysisCFA/CFP

Job Outlook

Nationally, financial advisor employment is projected to grow 13% over the next decade (much faster than average). Demand in Chicago may vary based on local industry and population growth.

Find Financial Advisor Jobs in Chicago

Browse open financial advisor positions in Chicago, IL:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Financial Advisor Salary in Chicago

How much does a Financial Advisor make in Chicago, IL? ▼
The median financial advisor salary in Chicago, Illinois is $107,791 per year, which is 13.0% above the national median of $95,390. Salaries range from $50,172 (10th percentile) to $270,070 (90th percentile).
How much does a Financial Advisor make per hour in Chicago? ▼
Based on the median annual salary of $107,791, a financial advisor in Chicago earns approximately $52 per hour assuming a standard 2,080-hour work year.
How does Chicago compare to the Illinois state average for financial advisor pay? ▼
Chicago's median financial advisor salary of $107,791 is 11.9% above the Illinois state average of $96,344. The local cost of living index is 107% of the national average.
What is the cost of living in Chicago, IL? ▼
Chicago has a cost of living index of 107% compared to the national average. This means a financial advisor salary of $107,791 in Chicago has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a financial advisor in Chicago? ▼
Most financial advisor positions in Chicago require a bachelor's degree. Key skills include Investment Planning, Portfolio Management, Tax Planning, Client Relations. The job market is projected to grow 13% nationally over the next decade.