Personal Financial Advisor Salary in Illinois
Based on 10K+ workers in Illinois
Median Annual Salary (IL)
$120,130
$57.755/hr
vs National Average
$99,081
+21.2% vs national median
Salary Range (10th–90th)
$52K – $329K
10K employed in Illinois
Personal Financial Advisors in Illinois earn a median salary of $120,130 per year, which is 21% above the national average. With approximately 9,760 professionals working in this field throughout the state, Illinois offers competitive compensation for financial advisory services. This strong median salary reflects the state's robust financial services industry and demand for qualified advisors.
Several factors influence Personal Financial Advisor salary in Illinois, including years of experience, professional certifications, and the specific employer type. Advisors working for larger financial institutions or managing substantial client portfolios typically earn higher compensation than those in smaller firms. Geographic location within Illinois, client base size, and performance metrics also play significant roles in determining individual earning potential, with salaries ranging from $51,820 to $328,650 annually.
Salary Distribution — Personal Financial Advisor in Illinois
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $51,820 |
| 25th percentile | $73,010 |
| Median (50th percentile) | $120,130 |
| 75th percentile | $175,680 |
| 90th percentile | $328,650 |
Historical Salary Trend — Personal Financial Advisor in Illinois vs National
| Year | Median Salary (United States) |
|---|---|
| 2022 | $81,830 |
| 2023 | $95,870 |
| 2024 | $104,310 |
| 2025 | $120,130 |
| Year | Illinois Median | National Median |
|---|---|---|
| 2022 | $81,830 | $87,555 |
| 2023 | $95,870 | $92,738 |
| 2024 | $104,310 | $95,571 |
| 2025 | $120,130 | $99,081 |
Personal Financial Advisor Salary by Experience Level in Illinois
Personal Financial Advisor Salary in Other States
Frequently Asked Questions
How much do personal financial advisors make in Illinois?
- The median salary for personal financial advisors in Illinois is $120,130 per year, or $58 per hour. This is 21.2% higher than the national average, making Illinois a competitive state for this profession.
What is the salary range for financial advisors in Illinois?
- Personal financial advisor salaries in Illinois range from $51,820 at the lower end to $328,650 at the upper end. This wide range reflects differences in experience, client base, and specialization within the field.
How many personal financial advisors work in Illinois?
- There are currently 9,760 personal financial advisors employed in Illinois. This represents a substantial job market for professionals in this field across the state.
Is Illinois a good state for personal financial advisor salaries?
- Yes, Illinois offers above-average compensation for personal financial advisors, with median salaries at $120,130 annually compared to the national average. At 21.2% above the national median, Illinois ranks favorably for career growth and earning potential in this profession.