Wealth Management Advisor Salaries & Top Paying Companies in Chicago, IL

Position

City

Salary

How much does a Wealth Management Advisor make in Chicago, IL?

The average salary for a Wealth Management Advisor is $130,675 per year in Chicago, IL.

Graph depicting the yearly salary distribution for Wealth Management Advisor jobs in Chicago, IL, showing an average salary of $130,675 with varying distribution percentages across salary ranges.

Graph depicting the monthly salary distribution for Wealth Management Advisor jobs in Chicago, IL, showing an average salary of $10,890 with varying distribution percentages across salary ranges.

Graph depicting the weekly salary distribution for Wealth Management Advisor jobs in Chicago, IL, showing an average salary of $2,513 with varying distribution percentages across salary ranges.

Graph depicting the hourly salary distribution for Wealth Management Advisor jobs in Chicago, IL, showing an average salary of $63 with varying distribution percentages across salary ranges.

A Wealth Management Advisor in Chicago, IL can expect to earn a solid income. The average yearly salary stands at $130,675. This figure serves as a benchmark for professionals in this field. For those at the beginning of their career, salaries start around $47,520. With experience and skill development, earnings can rise significantly.

Experienced advisors often see higher salaries. The top earners in Chicago make upwards of $299,500 per year. This high earning potential makes the role attractive to many. Factors influencing salary include education, years of experience, and client portfolio size. Advisors who manage larger portfolios or have advanced degrees tend to earn more. This job offers growth opportunities and the chance for substantial financial rewards.

What are the highest paying cities for a Wealth Management Advisor near Chicago, IL?

Job seekers interested in Wealth Management Advisor roles around Chicago, IL, will find several cities with strong opportunities. Naperville, IL, offers the highest average salary at $148,917. Nearby, Skokie, IL, presents another excellent option with an average salary of $141,761. Both cities provide a competitive market for those looking to advance in this field. The next highest salaries come from Joliet, IL, Rockford, IL, and Schaumburg, IL, which offer average salaries ranging from $118,226 to $91,123. These areas also show significant demand and potential for career growth. Evanston, IL, and Crown Point, IN, offer lower average salaries but still provide opportunities for those willing to explore these regions.

Graph displaying highest paying cities salaries for Wealth Management Advisor jobs near Chicago, IL, highlighting Naperville, IL with the highest at $148,917 and Evanston, IL with the lowest at $59,849.

Naperville, IL
Average Salary: $148,917
In Naperville, financial experts thrive in a bustling market. With firms like Edward Jones and Merrill Lynch, advisors can expect a competitive environment with rewarding opportunities.
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Skokie, IL
Average Salary: $141,761
Skokie offers a vibrant community for financial advisors. Professionals here can enjoy a mix of individual clients and corporate accounts, with notable firms such as JPMorgan Chase.
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Joliet, IL
Average Salary: $118,226
Joliet provides a growing landscape for financial advisors. This city's blend of suburban charm and business opportunities makes it ideal for building a successful practice.
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Rockford, IL
Average Salary: $104,808
In Rockford, financial experts can leverage a stable market. The city supports advisors in providing personalized wealth management services, with local firms eager for dedicated professionals.
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Schaumburg, IL
Average Salary: $91,123
Schaumburg is a hub for financial services, offering numerous opportunities for advisors. With companies such as Goldman Sachs, professionals here can expand their client base and enhance their careers.
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Crown Point, IN
Average Salary: $82,000
Crown Point, Indiana, offers a growing market for wealth management. Advisors can engage with both individual clients and businesses, supported by local financial institutions.
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Evanston, IL
Average Salary: $59,849
Evanston provides a refined setting for financial advisors. This city’s educated populace offers unique challenges and rewards, with established firms like UBS seeking skilled professionals.
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What are the best paying companies for a Wealth Management Advisor in Chicago, IL?

Job seekers looking for wealth management advisor roles in Chicago can expect top salaries at Goodwin Recruiting, Truist, and Northern Trust Corp. Goodwin Recruiting offers an average salary of $250,000. Truist follows closely with an average salary of $194,167, and Northern Trust Corp. offers $181,980 annually. These companies provide competitive pay and a chance to thrive in a lucrative field.

Graph displaying best paying company salaries for Wealth Management Advisor jobs in Chicago, IL, highlighting Goodwin Recruiting with the highest at $250,000 and Citi with the lowest at $82,500.

Goodwin Recruiting
Average Salary: $250,000
Goodwin Recruiting offers high-paying opportunities for Wealth Management Advisors in Chicago. The company provides personalized career coaching and a strong network for its employees. Goodwin works with top financial institutions across the city.
Truist
Average Salary: $194,167
Truist offers competitive salaries for Wealth Management Advisors in Chicago. The company serves clients in various locations, including downtown Chicago. Advisors here benefit from a supportive work environment and excellent training programs.
Northern Trust Corp.
Average Salary: $181,980
Northern Trust Corp. provides attractive salary packages for Wealth Management Advisors in Chicago. The company operates multiple offices throughout the city and offers a comprehensive benefits package, including retirement plans and health insurance.
Fifth Third Bank
Average Salary: $169,000
Fifth Third Bank offers a good salary for Wealth Management Advisors in Chicago. The bank is present in many neighborhoods across the city, providing ample opportunities for growth and development. The company emphasizes client service and professional development.
Charles Schwab
Average Salary: $152,550
Charles Schwab provides a solid salary for Wealth Management Advisors in Chicago. The firm is well-known and operates in various parts of the city. Schwab offers a collaborative environment with a focus on client satisfaction and continuous learning.
AllianceBernstein
Average Salary: $148,983
AllianceBernstein offers a competitive salary for Wealth Management Advisors in Chicago. The company is known for its strong investment strategies and operates multiple offices across the city. Employees benefit from a supportive work culture and professional growth opportunities.
U.S. Bank
Average Salary: $141,892
U.S. Bank provides a good salary for Wealth Management Advisors in Chicago. The bank operates in various locations around the city, offering a diverse client base. U.S. Bank emphasizes teamwork and offers a comprehensive benefits package.
Hightower Advisors
Average Salary: $90,743
Hightower Advisors offers an average salary for Wealth Management Advisors in Chicago. The company is well-regarded for its client-focused approach and operates multiple offices throughout the city. Advisors benefit from a supportive environment and opportunities for career advancement.
Citi
Average Salary: $82,500
Citi offers a decent salary for Wealth Management Advisors in Chicago. The company has a presence in various areas of the city. Citi is known for its global reach and provides a platform for professional growth and development.

What are the best paying Wealth Management Advisor related jobs in Chicago, IL?

Wealth management advisors in Chicago, IL, have a range of lucrative career paths. The top-paying roles include Chief Risk Officer, with an average salary of nearly $221,000. Risk Management Director and Underwriting Manager positions also offer salaries above $169,000. Other high-paying jobs include Pension Fund Manager, Estate Planner, and Investment Banker, each with average salaries over $150,000. These roles not only offer strong compensation but also provide opportunities for growth and impact in the financial sector.

Graph displaying best paying related job salaries for Wealth Management Advisor jobs near Chicago, IL, highlighting Chief Risk Officer with the highest at $220,984 and Estate Planner with the lowest at $159,160.

Chief Risk Officer
Average Salary: $220,984
This role involves overseeing risk management strategies. Companies like JPMorgan Chase and Goldman Sachs look for strong analytical skills. Candidates should be detail-oriented and have experience in risk assessment.
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Risk Management Director
Average Salary: $208,122
In this position, you manage risk for an organization. Firms such as UBS and Citi want candidates with experience in risk management and leadership. This role is crucial for protecting the company's assets.
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Underwriting Manager
Average Salary: $169,928
An underwriting manager evaluates and approves insurance policies. Companies like Allstate and State Farm require strong decision-making skills. This job is vital for assessing risk and setting premium rates.
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Pension Fund Manager
Average Salary: $166,829
This role involves managing retirement funds for employees. Organizations like the Chicago Public Schools and the City of Chicago seek skilled managers. They must understand investment strategies and financial planning.
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Estate Planner
Average Salary: $159,160
Estate planners help individuals manage their assets. Firms like Baker & McKenzie and Sidley Austin seek planners with knowledge of tax laws and investment strategies. They ensure clients' assets are managed effectively.
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Wealth Management Advisor Salary in Chicago, IL

How much does a Wealth Management Advisor make in Chicago, IL?

What are the highest paying cities for a Wealth Management Advisor near Chicago, IL?

What are the best paying companies for a Wealth Management Advisor in Chicago, IL?

Currently 531 Wealth Management Advisor job openings, nationwide.

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

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