Financial Analyst Salary in Illinois
Based on 21K+ workers in Illinois
Median Annual Salary (IL)
$101,180
$48.64/hr
vs National Average
$97,172
+4.1% vs national median
Salary Range (10th–90th)
$65K – $166K
21K employed in Illinois
Financial Analyst salary in Illinois averages $101,180 per year, positioning the state 4% above the national average. With approximately 20,520 financial analysts employed across Illinois, the field offers competitive compensation for skilled professionals. Salaries in the state range from $64,700 to $166,090 annually, reflecting the diversity of experience levels and specializations within the profession.
Several factors influence Financial Analyst salary in Illinois, including years of experience, educational credentials, industry sector, and company size. Analysts working in finance, insurance, or technology hubs typically earn higher compensation than those in smaller markets. Additionally, professional certifications like the CFA and advanced degrees can significantly impact earning potential in this competitive field.
Salary Distribution — Financial Analyst in Illinois
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $64,700 |
| 25th percentile | $78,430 |
| Median (50th percentile) | $101,180 |
| 75th percentile | $128,620 |
| 90th percentile | $166,090 |
Top-Paying Industries for Financial Analyst (U.S.)
Which industries pay Financial Analysts the most — nationwide figures (industry-level data is not available by state). Financial Analysts in Illinois tend to follow these industry patterns.
| Industry (U.S.) | Median Salary | Employed (U.S.) |
|---|---|---|
| Mining, Quarrying, and Oil and Gas Extraction | $124,750 | 1K |
| Information | $118,090 | 12K |
| Finance and Insurance | $107,030 | 155K |
| Utilities | $106,720 | 2K |
| Real Estate and Rental and Leasing | $104,500 | 11K |
Source: U.S. BLS OEWS National Industry-Specific estimates, May 2025. National figures (not state-specific).
Historical Salary Trend — Financial Analyst in Illinois vs National
| Year | Median Salary (Illinois) |
|---|---|
| 2022 | $94,140 |
| 2023 | $101,510 |
| 2024 | $101,400 |
| 2025 | $101,180 |
| 2026 (projected) | $101,180 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Illinois Median | National Median |
|---|---|---|
| 2022 | $94,140 | $85,095 |
| 2023 | $101,510 | $87,779 |
| 2024 | $101,400 | $94,263 |
| 2025 | $101,180 | $97,172 |
| 2026 (projected) | $101,180 | $97,172 |
Financial Analyst Salary by Experience Level in Illinois
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $78,430 |
| Mid-level | 3-5 yrs | $101,180 |
| Senior | 6-9 yrs | $128,620 |
| Staff / Lead | 10+ yrs | $166,090 |
Financial Analyst Salary in Other States
Related Financial Analyst Salaries in Illinois
How other high-demand occupations in Illinois compare to Financial Analyst ($101,180 median).
| Occupation | Median Salary | vs Financial Analyst | Hourly |
|---|---|---|---|
| Financial Manager in IL | $165,880 | +63.9% | $79.75/hr |
| Personal Financial Advisor in IL | $120,130 | +18.7% | $57.75/hr |
| Actuary in IL | $115,430 | +14.1% | $55.50/hr |
| Securities Sales Agent in IL | $99,840 | -1.3% | $48.00/hr |
| Budget Analyst in IL | $94,880 | -6.2% | $45.62/hr |
| Financial Examiner in IL | $93,150 | -7.9% | $44.78/hr |
| Credit Analyst in IL | $84,990 | -16.0% | $40.86/hr |
| Tax Examiner in IL | $81,180 | -19.8% | $39.03/hr |
| Compliance Officer in IL | $80,550 | -20.4% | $38.73/hr |
| Accountant in IL | $80,230 | -20.7% | $38.57/hr |
| Loan Officer in IL | $79,150 | -21.8% | $38.05/hr |
| Insurance Sales Agent in IL | $64,280 | -36.5% | $30.90/hr |
Frequently Asked Questions
How much do financial analysts make in Illinois?
- Financial analysts in Illinois earn a median salary of $101,180 per year, or approximately $49 per hour. This is 4.1% higher than the national average for this position.
What is the salary range for financial analysts in Illinois?
- Financial analyst salaries in Illinois range from $64,700 at the lower end to $166,090 at the upper end, depending on experience, education, and employer.
How many financial analysts are employed in Illinois?
- There are currently 20,520 financial analysts employed in Illinois, representing a significant job market for this profession in the state.
Is the financial analyst salary in Illinois above the national average?
- Yes, Illinois offers a competitive advantage with a median financial analyst salary of $101,180, which is 4.1% higher than the national average for the role.