Financial Manager salary in Illinois
Financial Managers in Illinois earn a median of $165,880 a year ($79.75 an hour), based on BLS data for 52,720 workers.
Pay ranges from $100,070 for the lowest-paid 10% to $313,110 for the top 10%. That is about the same as the national median of $166,570. Illinois ranks 14th of 51 states for financial managers pay. There are 8.6 financial managers per 1,000 jobs here — the job is 1.6× more common than nationally. The average (mean) salary is $183,920, above the median because a few high earners pull it up.
Pay range for financial managers in Illinois
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $100,070 | $48.11 |
| 25th percentile | $128,370 | $61.72 |
| Median | $165,880 | $79.75 |
| 75th percentile | $216,800 | $104.23 |
| 90th percentile (top earners) | $313,110 | $150.53 |
| Average (mean) | $183,920 | $88.42 |
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 | $13,823.33 |
| Semi-monthly (24 a year) | $6,911.67 |
| Biweekly (26 a year) | $6,380 |
| Weekly | $3,190 |
| Hourly | $79.75 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Financial Manager salary in cities in Illinois
| Metro area | Median salary | Workers |
|---|---|---|
| Chicago-Naperville-Elgin, IL-IN | $168,810 | 41,590 |
| St. Louis, MO-IL | $158,780 | 7,190 |
| Bloomington, IL | $156,240 | 1,400 |
| Peoria, IL | $155,840 | 1,170 |
| Cape Girardeau, MO-IL | $139,690 | 120 |
| Davenport-Moline-Rock Island, IA-IL | $139,150 | 1,070 |
| Rockford, IL | $135,650 | 590 |
| Springfield, IL | $133,530 | 670 |
| Decatur, IL | $131,250 | 220 |
| Champaign-Urbana, IL | $127,680 | 660 |
| Kankakee, IL | $127,470 | 170 |
| Paducah, KY-IL | $114,460 | 130 |
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 |
Related jobs in Illinois
| Job | Median salary | Hourly |
|---|---|---|
| Computer and Information Systems Managers | $171,730 | $82.56 |
| Human Resources Manager | $151,370 | $72.78 |
| Administrative Services Manager | $106,860 | $51.38 |
| Industrial Production Manager | $127,270 | $61.19 |
| Transportation, Storage, and Distribution Managers | $120,250 | $57.81 |
| Facilities Manager | $106,980 | $51.43 |
| Purchasing Manager | $153,370 | $73.74 |
| Training and Development Managers | $130,610 | $62.79 |
| Compensation and Benefits Managers | $151,730 | $72.95 |
| General and Operations Managers | $103,570 | $49.80 |
| Sales Manager | $155,280 | $74.65 |
| Managers, All Other | $140,240 | $67.42 |
| Medical and Health Services Managers | $117,850 | $56.66 |
| Marketing Manager | $162,860 | $78.30 |
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 Illinois?
The median salary for financial managers in Illinois is $165,880 a year, or $79.75 an hour. Pay ranges from $100,070 for the lowest-paid 10% to $313,110 for the top 10%.
How much do the highest-paid financial managers make in Illinois?
The top 10% of financial managers in Illinois earn at least $313,110 a year. The top 25% earn $216,800 or more.
What is the starting pay for financial managers in Illinois?
Entry-level pay (the 10th percentile) is about $100,070 a year, and a quarter of financial managers earn $128,370 or less.
How many financial managers work in Illinois?
About 52,720 financial managers are employed in Illinois, not counting the self-employed.