Financial Risk Specialist salary in Illinois
Financial Risk Specialists in Illinois earn a median of $104,300 a year ($50.14 an hour), based on BLS data for 2,920 workers.
Pay ranges from $65,260 for the lowest-paid 10% to $202,260 for the top 10%. That is 11% lower than the national median of $117,330. Illinois ranks 19th of 50 states for financial risk specialists pay. There are 0.48 financial risk specialists per 1,000 jobs here — close to the national average. The average (mean) salary is $121,010, above the median because a few high earners pull it up.
Pay range for financial risk specialists in Illinois
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $65,260 | $31.38 |
| 25th percentile | $79,070 | $38.02 |
| Median | $104,300 | $50.14 |
| 75th percentile | $156,080 | $75.04 |
| 90th percentile (top earners) | $202,260 | $97.24 |
| Average (mean) | $121,010 | $58.18 |
Half of financial risk specialists 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 | $8,691.67 |
| Semi-monthly (24 a year) | $4,345.83 |
| Biweekly (26 a year) | $4,011.54 |
| Weekly | $2,005.77 |
| Hourly | $50.14 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Financial Risk Specialist salary in cities in Illinois
| Metro area | Median salary | Workers |
|---|---|---|
| Peoria, IL | $119,580 | 60 |
| Chicago-Naperville-Elgin, IL-IN | $105,370 | 2,360 |
| St. Louis, MO-IL | $97,920 | 480 |
| Davenport-Moline-Rock Island, IA-IL | $91,880 | 30 |
| Springfield, IL | $74,360 | 30 |
Highest-paying states for financial risk specialists
| State | Median salary |
|---|---|
| New Hampshire | $158,320 |
| Maine | $141,020 |
| Delaware | $139,440 |
| New York | $136,830 |
| North Carolina | $132,040 |
| Massachusetts | $130,400 |
| New Jersey | $129,220 |
| California | $129,110 |
| Virginia | $126,510 |
| Washington | $123,150 |
Related jobs in Illinois
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $80,230 | $38.57 |
| Financial and Investment Analysts | $101,180 | $48.65 |
| Loan Officer | $79,150 | $38.05 |
| Personal Financial Advisor | $120,130 | $57.75 |
| Financial Specialists, All Other | $81,180 | $39.03 |
| Financial Examiner | $93,150 | $44.78 |
| Credit Analyst | $84,990 | $40.86 |
| Property Appraisers and Assessors | $60,150 | $28.92 |
| Tax Examiners and Collectors, and Revenue Agents | $80,720 | $38.81 |
| Tax Preparer | $54,480 | $26.19 |
| Credit Counselor | $51,930 | $24.96 |
| Budget Analyst | $94,880 | $45.61 |
| Insurance Underwriter | $89,620 | $43.09 |
| Management Analyst | $104,270 | $50.13 |
More: Business and Financial Operations Occupations · all salaries in Illinois
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 13-2054. 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 risk specialist make in Illinois?
The median salary for financial risk specialists in Illinois is $104,300 a year, or $50.14 an hour. Pay ranges from $65,260 for the lowest-paid 10% to $202,260 for the top 10%.
How much do the highest-paid financial risk specialists make in Illinois?
The top 10% of financial risk specialists in Illinois earn at least $202,260 a year. The top 25% earn $156,080 or more.
What is the starting pay for financial risk specialists in Illinois?
Entry-level pay (the 10th percentile) is about $65,260 a year, and a quarter of financial risk specialists earn $79,070 or less.
How many financial risk specialists work in Illinois?
About 2,920 financial risk specialists are employed in Illinois, not counting the self-employed.