Business & Finance Springfield, IL Pop. 114,394

Financial Advisor Salary in Springfield, Illinois

The median financial advisor salary in Springfield, IL is $86,805 per year, which is 9% below the national median and 9.9% below the Illinois state average.

City Median
$86,805
vs State Avg
$-9,539
vs National
$-8,585
Cost of Living
85%

Financial Advisor Salary in Springfield by Experience

In Springfield, an entry-level financial advisor earns around $43,680, while experienced professionals earn up to $163,800 per year. The local cost of living index is 85% of the national average.

Entry Level (0-2 yrs)
$43,680
$-4,320 vs national
Mid Level (3-7 yrs)
$86,450
$-8,550 vs national
Senior Level (8+ yrs)
$163,800
$-16,200 vs national

Salary Percentiles in Springfield, IL

Percentile Springfield
10th Percentile $40,404
25th Percentile $56,784
Median (50th) $86,805
75th Percentile $135,590
90th Percentile $217,490

Financial Advisor Salary in Other Illinois Cities

How to Become a Financial Advisor in Springfield

Education

Most financial advisor positions require a bachelor's degree. Springfield 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 Springfield may vary based on local industry and population growth.