Financial Manager Salary in Illinois
Based on 53K+ workers in Illinois
Median Annual Salary (IL)
$165,880
$79.75/hr
vs National Average
$150,742
+10.0% vs national median
Salary Range (10th–90th)
$100K – $313K
53K employed in Illinois
Financial Manager salary in Illinois averages $165,880 per year, positioning the state above the national median. With approximately 52,720 financial managers employed across Illinois, the profession represents a significant portion of the state's workforce. This salary reflects competitive compensation for professionals managing corporate finances, budgets, and financial planning in one of the nation's largest economies.
Several factors influence financial manager compensation in Illinois, including company size, industry sector, and years of experience. Professionals in major metropolitan areas like Chicago typically earn more than those in smaller markets. Education level, professional certifications such as CPA or CFA, and specific expertise in areas like risk management or investment analysis also play important roles in determining individual salary outcomes within the state.
Salary Distribution — Financial Manager in Illinois
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $100,070 |
| 25th percentile | $128,370 |
| Median (50th percentile) | $165,880 |
| 75th percentile | $216,800 |
| 90th percentile | $313,110 |
Historical Salary Trend — Financial Manager in Illinois vs National
| Year | Median Salary (United States) |
|---|---|
| 2022 | $132,430 |
| 2023 | $149,900 |
| 2024 | $159,990 |
| 2025 | $165,880 |
| Year | Illinois Median | National Median |
|---|---|---|
| 2022 | $132,430 | $131,705 |
| 2023 | $149,900 | $138,788 |
| 2024 | $159,990 | $144,016 |
| 2025 | $165,880 | $150,742 |
Financial Manager Salary by Experience Level in Illinois
Financial Manager Salary in Other States
Frequently Asked Questions
How much do financial managers make in Illinois?
- The median salary for financial managers in Illinois is $165,880 per year, or $80 per hour. This is 10% higher than the national average for this position.
What is the salary range for financial managers in Illinois?
- Financial manager salaries in Illinois range from $100,070 at the lower end to $313,110 at the higher end, representing a significant spread based on experience and employer.
Is being a financial manager in Illinois better paid than the national average?
- Yes, financial managers in Illinois earn 10% more than the national average, making it a well-compensated state for this profession with a median salary of $165,880 annually.
How many financial managers are employed in Illinois?
- There are approximately 52,720 financial managers currently employed in Illinois, indicating strong job availability in the state.