Financial Manager salary in Chicago-Naperville-Elgin, IL-IN
Financial Managers in the Chicago-Naperville-Elgin, IL-IN metro area earn a median of $168,810 a year ($81.16 an hour), based on BLS data for 41,590 workers.
Pay ranges from $103,490 for the lowest-paid 10% to $321,200 for the top 10%. That is 1% higher than the national median of $166,570. Pay here is 2% higher than the Illinois statewide median of $165,880. There are 9.2 financial managers per 1,000 jobs here — the job is 1.7× more common than nationally. The average (mean) salary is $191,110, above the median because a few high earners pull it up.
Pay range for financial managers in Chicago-Naperville-Elgin, IL-IN
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $103,490 | $49.75 |
| 25th percentile | $131,120 | $63.04 |
| Median | $168,810 | $81.16 |
| 75th percentile | $220,150 | $105.84 |
| 90th percentile (top earners) | $321,200 | $154.42 |
| Average (mean) | $191,110 | $91.88 |
Half of financial managers earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $14,067.50 |
| Semi-monthly (24 a year) | $7,033.75 |
| Biweekly (26 a year) | $6,492.69 |
| Weekly | $3,246.35 |
| Hourly | $81.16 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Financial Manager salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| St. Louis, MO-IL | $158,780 | 7,190 |
| Bloomington, IL | $156,240 | 1,400 |
| Peoria, IL | $155,840 | 1,170 |
| Cincinnati, OH-KY-IN | $152,700 | 6,340 |
| Indianapolis-Carmel-Greenwood, IN | $146,620 | 5,230 |
| Elkhart-Goshen, IN | $145,980 | 430 |
| Columbus, IN | $143,590 | 180 |
| Cape Girardeau, MO-IL | $139,690 | 120 |
| Davenport-Moline-Rock Island, IA-IL | $139,150 | 1,070 |
| Louisville/Jefferson County, KY-IN | $136,970 | 2,670 |
| Rockford, IL | $135,650 | 590 |
| Bloomington, IN | $134,540 | 270 |
| Springfield, IL | $133,530 | 670 |
| Decatur, IL | $131,250 | 220 |
| Fort Wayne, IN | $130,900 | 920 |
| Michigan City-La Porte, IN | $128,900 | 110 |
| Evansville, IN | $128,650 | 520 |
| South Bend-Mishawaka, IN-MI | $128,370 | 580 |
| Champaign-Urbana, IL | $127,680 | 660 |
| Kankakee, IL | $127,470 | 170 |
| Terre Haute, IN | $122,100 | 210 |
| Lafayette-West Lafayette, IN | $121,020 | 310 |
| Kokomo, IN | $115,140 | 100 |
| Paducah, KY-IL | $114,460 | 130 |
| Muncie, IN | $102,430 | 230 |
Highest-paying states for financial managers
| State | Median salary |
|---|---|
| New York | $219,880 |
| Massachusetts | $206,760 |
| New Jersey | $199,110 |
| District of Columbia | $188,880 |
| Virginia | $185,220 |
| Colorado | $182,690 |
| Delaware | $181,580 |
| California | $180,770 |
| Washington | $174,840 |
| Connecticut | $174,830 |
See Financial Manager pay in every state or the Illinois statewide figures.
Related jobs in Chicago-Naperville-Elgin, IL-IN
| Job | Median salary | Hourly |
|---|---|---|
| Computer and Information Systems Managers | $173,760 | $83.54 |
| Human Resources Manager | $156,770 | $75.37 |
| Industrial Production Manager | $129,840 | $62.43 |
| Administrative Services Manager | $108,940 | $52.37 |
| Transportation, Storage, and Distribution Managers | $124,120 | $59.68 |
| Facilities Manager | $113,150 | $54.40 |
| Purchasing Manager | $155,080 | $74.56 |
| Training and Development Managers | $133,800 | $64.33 |
| Compensation and Benefits Managers | $155,340 | $74.68 |
| General and Operations Managers | $109,390 | $52.59 |
| Managers, All Other | $145,370 | $69.89 |
| Sales Manager | $158,690 | $76.29 |
| Marketing Manager | $165,340 | $79.49 |
| Medical and Health Services Managers | $123,090 | $59.18 |
More: Management Occupations · all salaries in Chicago-Naperville-Elgin, IL-IN
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 11-3031. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a financial manager make in Chicago-Naperville-Elgin, IL-IN?
The median salary for financial managers in the Chicago-Naperville-Elgin, IL-IN metro area is $168,810 a year, or $81.16 an hour. Pay ranges from $103,490 for the lowest-paid 10% to $321,200 for the top 10%.
How much do the highest-paid financial managers make in Chicago-Naperville-Elgin, IL-IN?
The top 10% of financial managers in the Chicago-Naperville-Elgin, IL-IN metro area earn at least $321,200 a year. The top 25% earn $220,150 or more.
What is the starting pay for financial managers in Chicago-Naperville-Elgin, IL-IN?
Entry-level pay (the 10th percentile) is about $103,490 a year, and a quarter of financial managers earn $131,120 or less.
How many financial managers work in Chicago-Naperville-Elgin, IL-IN?
About 41,590 financial managers are employed in the Chicago-Naperville-Elgin, IL-IN metro area, not counting the self-employed.