Financial Advisor Salaries & Top Paying Companies in Downers Grove, IL

Position

City

Salary

How much does a Financial Advisor make in Downers Grove, IL?

The average salary for a Financial Advisor is $86,275 per year in Downers Grove, IL.

Graph depicting the yearly salary distribution for Financial Advisor jobs in Downers Grove, IL, showing an average salary of $86,275 with varying distribution percentages across salary ranges.

Graph depicting the monthly salary distribution for Financial Advisor jobs in Downers Grove, IL, showing an average salary of $7,190 with varying distribution percentages across salary ranges.

Graph depicting the weekly salary distribution for Financial Advisor jobs in Downers Grove, IL, showing an average salary of $1,659 with varying distribution percentages across salary ranges.

Graph depicting the hourly salary distribution for Financial Advisor jobs in Downers Grove, IL, showing an average salary of $41 with varying distribution percentages across salary ranges.

In Downers Grove, IL, a Financial Advisor can expect to earn a competitive salary. The average yearly salary for this role is around $86,275. This figure provides a solid foundation for those considering a career in financial advising. The salary range can vary based on experience, education, and the specific firm one works for.

Financial Advisors in Downers Grove, IL, often see salaries that fall within a broad range. The lower end of the scale starts at about $65,000, while the higher end can reach up to $155,500. This range reflects the potential for growth and advancement in the field. Many advisors also receive bonuses and commissions, which can further increase their earnings. This makes the role both financially rewarding and professionally fulfilling.

What are the highest paying cities for a Financial Advisor near Downers Grove, IL?

Financial advisors near Downers Grove, IL, can find some of the best pay in Lombard, IL, with an average salary of $135,759. Schaumburg, IL, and Elmhurst, IL, also offer competitive salaries, with $99,159 and $98,262 respectively. These cities provide a strong market for financial advisors seeking higher earnings.

Graph displaying highest paying cities salaries for Financial Advisor jobs near Downers Grove, IL, highlighting Lombard, IL with the highest at $135,759 and Westmont, IL with the lowest at $70,612.

Lombard, IL
Average Salary: $135,759
In Lombard, financial professionals enjoy a vibrant community with many opportunities. Companies like Northwestern Mutual and Edward Jones offer a supportive environment. The area's strong economy and diverse client base make it ideal for growth.
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Schaumburg, IL
Average Salary: $99,159
Schaumburg provides a dynamic setting for financial experts. With firms like Merrill Lynch and UBS, the city offers excellent career advancement. The area's affluent population makes it a prime location for financial advisors.
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Elmhurst, IL
Average Salary: $98,262
Elmhurst is a great place for financial advisors to thrive. Local firms like Vanguard and Fidelity are prominent here. The community's diverse needs create a steady flow of clients, ensuring a busy and rewarding career.
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Aurora, IL
Average Salary: $97,594
Aurora offers a balanced environment for financial advisors. Companies like Charles Schwab and Fidelity are well-established. The city's growing economy and diverse demographics make it a promising place to work.
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Lisle, IL
Average Salary: $90,325
Lisle is a thriving area for financial professionals. With firms like J.P. Morgan and Edward Jones, the city offers many opportunities. The affluent community and strong economy make it a great place to build a career.
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Chicago, IL
Average Salary: $87,861
Chicago is a bustling hub for financial advisors. Major firms like Goldman Sachs and Morgan Stanley are headquartered here. The city's diverse economy and large client base provide endless opportunities for growth and success.
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Downers Grove, IL
Average Salary: $85,537
Downers Grove offers a stable environment for financial experts. Companies like Northwestern Mutual and Edward Jones are well-known. The city's strong economy and affluent residents create a steady demand for financial services.
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Oak Brook, IL
Average Salary: $85,108
Oak Brook is a prime location for financial advisors. With firms like Merrill Lynch and UBS, the area offers excellent career prospects. The affluent community and strong economy make it an ideal place to work.
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Naperville, IL
Average Salary: $80,699
Naperville provides a thriving environment for financial professionals. Companies like Vanguard and Fidelity are prominent here. The city's growing economy and diverse client base ensure a steady flow of opportunities.
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Westmont, IL
Average Salary: $70,612
Westmont offers a supportive setting for financial advisors. Local firms like Charles Schwab and Edward Jones are well-established. The community's affluent population and strong economy make it a great place to build a career.
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What are the best paying companies for a Financial Advisor in Downers Grove, IL?

Northwestern Mutual offers one of the highest salaries for Financial Advisor jobs in Downers Grove, IL. With an average salary of $125,293, it stands out as a top employer. New York Life also provides a competitive salary of $78,366, making it another attractive option. Both companies offer excellent opportunities for those seeking a rewarding career in finance.

Graph displaying best paying company salaries for Financial Advisor jobs in Downers Grove, IL, highlighting Northwestern Mutual with the highest at $125,293 and New York Life with the lowest at $78,366.

Northwestern Mutual
Average Salary: $125,293
Northwestern Mutual offers rewarding Financial Advisor jobs in Downers Grove, IL. They focus on helping clients achieve their financial goals. The company operates nationwide, with a strong presence in many major cities.
New York Life
Average Salary: $78,366
New York Life provides excellent opportunities for Financial Advisors in Downers Grove, IL. They offer a supportive environment and a chance to build lasting client relationships. The company has offices across the United States and internationally.

What are the best paying Financial Advisor related jobs in Downers Grove, IL?

Financial advisors in Downers Grove, IL, have several high-paying job options. An Underwriting Manager earns an average of $188,800 annually. Wealth Management Advisors can expect to make around $155,900 per year. These roles require strong financial skills and the ability to manage client portfolios.

Graph displaying best paying related job salaries for Financial Advisor jobs near Downers Grove, IL, highlighting Underwriting Manager with the highest at $188,800 and Registered Representative with the lowest at $46,500.

Underwriting Manager
Average Salary: $188,800
This role involves assessing risk for lending and insurance. Managers work with teams to review applications and make decisions. Companies in Downers Grove, like local banks, offer these positions.
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Wealth Management Advisor
Average Salary: $155,900
Advisors help clients manage their investments and financial plans. They work closely with individuals to create strategies for their financial goals. Firms in Downers Grove, such as private wealth management firms, hire for these roles.
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Portfolio Manager
Average Salary: $102,500
Portfolio managers oversee investment portfolios for clients. They make decisions on buying and selling assets. Investment firms in Downers Grove, such as local brokerages, often seek these professionals.
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Underwriter
Average Salary: $85,600
Underwriters evaluate the risk of insuring clients. They review applications and decide on coverage terms. Local insurance companies in Downers Grove offer these positions.
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Investment Banker
Average Salary: $80,903
Investment bankers assist companies with raising capital. They work on mergers, acquisitions, and other financial transactions. Banks in Downers Grove, like regional financial institutions, offer these roles.
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Analyst
Average Salary: $74,206
Analysts research and analyze financial data. They provide insights to help make investment decisions. Financial firms in Downers Grove, such as local investment companies, hire analysts.
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Personal Banker
Average Salary: $56,908
Personal bankers work with clients to manage their accounts. They offer services like loans, savings, and investment advice. Banks in Downers Grove, including local branches, seek these professionals.
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Registered Representative
Average Salary: $46,500
Registered representatives sell securities to clients. They provide advice on investments and financial planning. Brokerage firms in Downers Grove, such as local securities firms, hire these individuals.
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Financial Advisor Salary in Downers Grove, IL

How much does a Financial Advisor make in Downers Grove, IL?

What are the highest paying cities for a Financial Advisor near Downers Grove, IL?

What are the best paying companies for a Financial Advisor in Downers Grove, IL?

Currently 2,356 Financial Advisor job openings, nationwide.

How's the job market for a Financial Advisor in the US?

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