How much does a Financial Advisor make in Downers Grove, IL?
In Downers Grove, IL, the salary for a Financial Advisor varies widely. Most Financial Advisors earn between $62,091 and $118,136 a year. This range means you can expect to make a solid income if you work in this field.
The average yearly salary for a Financial Advisor in Downers Grove is $92,075. This average offers a good benchmark to understand what you might earn. Knowing this figure can help you set realistic expectations and plan your career path. Many factors, like experience and specific skills, can influence your salary.
What are the highest paying cities for a Financial Advisor near Downers Grove, IL?

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Lombard, IL
Average Salary: $138,606
Professionals in Lombard, IL, can expect to work in a close-knit community with access to major financial firms. The area's diverse client base provides ample opportunity to build strong relationships. Many local businesses seek expert guidance to navigate financial challenges.
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Aurora, IL
Average Salary: $105,076
Aurora offers a dynamic environment for financial experts. With a growing population, there is a high demand for financial planning services. Established companies in the area provide a solid foundation for career growth and stability.
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Schaumburg, IL
Average Salary: $103,497
Schaumburg provides a thriving market for those in the financial field. The area's businesses value comprehensive financial strategies. Many firms here prioritize long-term client relationships, offering great career prospects.
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Oak Brook, IL
Average Salary: $98,338
In Oak Brook, IL, financial advisors benefit from a business-friendly environment. The area is home to many large corporations needing expert financial advice. Professionals here enjoy access to cutting-edge tools and technologies.
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Chicago, IL
Average Salary: $92,041
Chicago offers a bustling market for financial experts. The city's diverse economy provides a wide range of opportunities. Many top financial institutions are headquartered here, making it an ideal place for career advancement.
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Downers Grove, IL
Average Salary: $90,798
Downers Grove provides a balanced environment for financial advisors. The community’s strong emphasis on education and family creates a stable client base. Local businesses often seek personalized financial planning services here.
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Naperville, IL
Average Salary: $89,936
Naperville offers a vibrant setting for those in the financial sector. The area’s affluent population requires sophisticated financial planning. Many high-profile clients in Naperville seek long-term financial advisors.
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Lisle, IL
Average Salary: $85,612
Lisle offers a peaceful yet prosperous environment for financial advisors. The community's focus on quality education and family values creates a stable client base. Many local businesses here value expert financial guidance.
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Elmhurst, IL
Average Salary: $77,210
Elmhurst provides a diverse market for financial professionals. The area's mix of industries offers varied opportunities. Many local businesses here need help with financial management and planning.
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Wheaton, IL
Average Salary: $74,193
Wheaton offers a supportive environment for financial advisors. The community’s focus on education and family creates a stable client base. Local businesses often seek expert financial planning services here.
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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: $130,908
Northwestern Mutual offers rewarding opportunities for Financial Advisors in Downers Grove, IL. This company has a long-standing reputation for providing top-notch financial services. They focus on building strong relationships with clients, helping them achieve their financial goals. Their commitment to excellence makes it an attractive choice for professionals in the field.
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New York Life
Average Salary: $78,003
New York Life provides a stable environment for Financial Advisors in Downers Grove, IL. With a strong emphasis on customer service, advisors work closely with clients to develop personalized financial plans. They offer comprehensive training and support to ensure success. New York Life is known for its solid reputation and opportunities for career growth.
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Ameriprise Financial
Average Salary: $61,938
Ameriprise Financial offers dynamic opportunities for Financial Advisors in Downers Grove, IL. They focus on providing personalized financial advice and investment solutions. The company provides extensive resources and training to help advisors thrive. With a commitment to client satisfaction, Ameriprise Financial is a great place for those looking to advance their career in financial services.
What are the best paying Financial Advisor related jobs in Downers Grove, IL?

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Underwriting Manager
Average Salary: $188,800
In this role, one manages underwriting policies and procedures, often working with firms like State Farm and Allstate. The manager evaluates risks and ensures policies meet company standards. This job needs strong decision-making skills.
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Wealth Management Advisor
Average Salary: $155,900
Wealth managers work with clients to create and manage investment plans, often at firms like Edward Jones and Merrill Lynch. These advisors provide guidance on investments and financial planning. They aim to help clients achieve their financial goals.
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Risk Specialist
Average Salary: $137,850
Risk specialists identify and analyze potential risks for companies, often seen at firms like Berkshire Hathaway and Zurich North America. They develop strategies to mitigate risks and protect the company. Good analytical skills are essential in this role.
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Risk Management Manager
Average Salary: $136,250
These managers oversee risk management strategies for a company, often at firms like State Farm and Allstate. They assess risks and develop plans to minimize potential losses. Strong leadership and decision-making skills are important.
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Portfolio Manager
Average Salary: $107,550
Portfolio managers oversee investment portfolios for clients, often working at firms like Vanguard and BlackRock. They make decisions about investments and monitor performance. Good analytical skills and knowledge of financial markets are crucial.
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Investment Banker
Average Salary: $104,410
Investment bankers help companies raise capital by issuing new securities, often seen at firms like Goldman Sachs and JPMorgan Chase. They work on mergers and acquisitions and provide financial advice. Strong negotiation and analytical skills are important.
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Underwriter
Average Salary: $76,749
Underwriters assess risks and determine the terms of insurance policies, often at firms like Allstate and Berkshire Hathaway. They evaluate applications and set premiums. Strong analytical skills and attention to detail are essential.
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Analyst
Average Salary: $74,993
Analysts review financial data and provide recommendations, often seen at firms like Goldman Sachs and JPMorgan Chase. They help companies make informed decisions about investments and financial strategies. Strong analytical skills and knowledge of financial markets are important.
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Personal Banker
Average Salary: $52,962
Personal bankers provide financial services to individual clients, often at firms like Chase and Bank of America. They help clients with accounts, loans, and investments. Strong customer service skills and knowledge of financial products are important.
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Registered Representative
Average Salary: $46,500
Registered representatives sell and manage investments for clients, often at firms like Edward Jones and Merrill Lynch. They provide financial advice and manage investment portfolios. Strong communication skills and knowledge of financial markets are important.
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