How much does a Financial Advisor make in Downers Grove, IL?
In Downers Grove, IL, a Financial Advisor earns an average yearly salary of $88,587. This average reflects the range of earnings a Financial Advisor might see, from entry-level positions to more experienced roles.
To give a clearer picture, here are the salary ranges for different levels of experience:
- Entry-level: Around $61,000
- Early career: Between $69,591 and $78,182
- Mid-career: Around $86,773 to $95,364
- Experienced: Between $103,955 and $121,136
- Highly experienced: Around $129,727 to $146,909
- Top earners: Up to $155,500
What are the highest paying cities for a Financial Advisor near Downers Grove, IL?
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Lombard, IL
Average Salary: $138,720
In Lombard, financial professionals enjoy a thriving business environment. With prominent companies like TD Ameritrade and Northwestern Mutual, job seekers find ample opportunities. The community's focus on finance makes it an ideal place for those looking to advance their careers.
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Aurora, IL
Average Salary: $101,523
Aurora offers a balanced lifestyle with a strong financial sector. Here, companies such as E*TRADE and Bank of America provide robust career paths. The city's blend of urban and suburban life makes it attractive for those seeking stability and growth.
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Schaumburg, IL
Average Salary: $101,281
Schaumburg boasts a dynamic job market with major firms like Goldman Sachs and Charles Schwab. Financial advisors here benefit from a supportive community and diverse opportunities. The city's reputation for financial innovation is a great asset for professionals.
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Oak Brook, IL
Average Salary: $92,593
In Oak Brook, financial experts thrive in a high-demand sector. With firms like Merrill Lynch and Citadel, there are many avenues for career advancement. The area's focus on wealth management makes it a top choice for those in the finance field.
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Lisle, IL
Average Salary: $91,096
Lisle provides a solid environment for finance careers. Companies such as Northwestern Mutual and J.P. Morgan Chase offer excellent opportunities. The city's commitment to financial services creates a supportive atmosphere for growth.
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Chicago, IL
Average Salary: $88,910
Chicago is a hub for financial careers with giants like Goldman Sachs and JPMorgan Chase. The city's vibrant economy offers a wealth of opportunities. Financial professionals here enjoy a dynamic and competitive work environment.
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Downers Grove, IL
Average Salary: $87,544
Downers Grove presents a growing market for finance jobs. Firms like Edward Jones and Northwestern Mutual offer promising careers. The city's focus on financial stability makes it a great place for career development.
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Naperville, IL
Average Salary: $84,985
Naperville is known for its strong financial sector. Companies such as Allstate and Blackrock provide excellent career options. The city's emphasis on financial growth offers many opportunities for advancement.
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Wheaton, IL
Average Salary: $74,193
Wheaton has a supportive environment for finance careers. With companies like Vanguard and Charles Schwab, job seekers find many opportunities. The city's commitment to financial excellence makes it a great place to work.
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Westmont, IL
Average Salary: $71,490
Westmont offers a promising job market for finance professionals. Here, firms like Allstate and Northwestern Mutual thrive. The city's focus on financial innovation creates a dynamic work environment.
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What are the best paying companies for a Financial Advisor in Downers Grove, IL?
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Northwestern Mutual
Average Salary: $130,383
Northwestern Mutual offers exciting opportunities for Financial Advisors in Downers Grove, IL. They provide a range of services including retirement planning, investment management, and life insurance. The company has a strong reputation and is known for its employee benefits and career growth opportunities. Advisors work in a supportive environment with access to training and resources.
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New York Life
Average Salary: $77,973
New York Life provides Financial Advisor positions in Downers Grove, IL. They focus on personalized financial planning and insurance solutions. Advisors work with clients to create long-term financial strategies. The company values work-life balance and offers a supportive work environment. Financial Advisors at New York Life benefit from ongoing training and development opportunities.
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Ameriprise Financial
Average Salary: $65,083
Ameriprise Financial is a prominent company offering Financial Advisor roles in Downers Grove, IL. They emphasize investment management, retirement planning, and insurance services. Advisors benefit from a collaborative work culture and robust support systems. Ameriprise Financial provides tools and resources to help advisors succeed. They also focus on career advancement and professional development.
What are the best paying Financial Advisor related jobs in Downers Grove, IL?
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Underwriting Manager
Average Salary: $188,800
A manager in this role oversees underwriting activities. They ensure policies meet guidelines. They work with clients and manage a team. Companies like Allstate and State Farm offer such jobs.
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Wealth Management Advisor
Average Salary: $155,900
These professionals provide clients with investment and financial advice. They manage assets and help clients reach financial goals. Local firms such as Edward Jones provide such opportunities.
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Risk Specialist
Average Salary: $137,850
This role involves analyzing and managing risk. They assess financial products for potential hazards. Companies like Northwestern Mutual and Fidelity Investments need such expertise.
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Portfolio Manager
Average Salary: $107,550
These experts manage investment portfolios for clients. They make decisions on asset allocation and investment strategies. Firms such as T. Rowe Price and Vanguard offer such positions.
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Investment Banker
Average Salary: $90,060
Investment bankers assist companies with raising capital. They advise on mergers, acquisitions, and investments. Local banks such as JPMorgan Chase provide such roles.
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Underwriter
Average Salary: $77,350
Underwriters evaluate financial risks for insurance companies. They decide which risks to accept. Allstate and State Farm in Downers Grove look for such talent.
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Analyst
Average Salary: $76,750
Analysts study financial markets and trends. They provide insights to help make investment decisions. Companies like Morningstar and Standard & Poor’s need analysts.
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Personal Banker
Average Salary: $56,908
Personal bankers help clients with their banking needs. They offer advice on accounts, loans, and investments. Local branches of Chase and Bank of America offer these jobs.
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Registered Representative
Average Salary: $46,500
This role involves selling financial products. Representatives must understand and explain investments to clients. Companies like Merrill Lynch and Raymond James provide these opportunities.
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