Securities, Commodities, and Financial Services Sales Agents in the Chicago-Naperville-Elgin, IL-IN metropolitan area earn an impressive average annual salary of $113,010. This figure slightly surpasses the national average of $110,380, indicating a strong demand and competitive compensation landscape within this key financial hub. The concentration of financial institutions and the robust economic activity in the region likely contribute to this elevated pay.
Executive Summary
- Average Salary: $113,010 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $210,290.
- Outlook: The Chicago-Naperville-Elgin area demonstrates a robust job market for Securities, Commodities, and Financial Services Sales Agents, evidenced by a substantial local workforce of 21,880 individuals. The Location Quotient of 1.6 signifies that this profession is significantly more concentrated here than the national average, suggesting a higher demand and a more established presence of these roles within the local economy.
Salary Overview
The average Securities, Commodities, and Financial Services Sales Agents in Chicago-Naperville-Elgin, IL-IN earns+2.4%above the national average.
$54.3
$2,173
$9,418
Securities, Commodities, and Financial Services Sales Agents Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume a positive salary growth trend for Securities, Commodities, and Financial Services Sales Agents in the Chicago-Naperville-Elgin area over the past four years. Economic expansion, evolving market dynamics, and the increasing complexity of financial products typically drive upward pressure on compensation for skilled professionals in this sector.
Securities, Commodities, and Financial Services Sales Agents Salary Distribution in Chicago-Naperville-Elgin, IL-IN
Career progression for Securities, Commodities, and Financial Services Sales Agents typically involves a significant salary increase from entry-level to senior positions. While entry-level roles might start closer to the lower percentiles, experienced professionals with a proven track record and specialized knowledge can command salaries in the upper percentiles, reflecting their value and contribution to the firm's success.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $49,550 | $23.8 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $84,758 | $40.7 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $95,910 | $46.1 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $141,263 | $67.9 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $210,290 | $101.1 |
Detailed Securities, Commodities, and Financial Services Sales Agents Market Analysis
Relocation Context
Nominal Salary
$113,010
Gross Pay
Real Wage (Purchasing Power)
$113,010
Adjusted for COL (100)
The average annual salary of $113,010 in Chicago-Naperville-Elgin, IL-IN aligns perfectly with the national average Cost of Living Index of 100. This means that the nominal salary earned by professionals in this field holds its purchasing power directly against the national average, offering a stable financial footing without the immediate pressure of higher or lower living expenses.
Job Market Context
21,880
Total Jobs
4.89
Per 1K Jobs
1.6
Location Quotient
Chicago-Naperville-Elgin, IL-IN has 1.6x the national concentration of Securities, Commodities, and Financial Services Sales Agents jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
With a Location Quotient of 1.6, the Chicago-Naperville-Elgin, IL-IN area exhibits a job market for Securities, Commodities, and Financial Services Sales Agents that is 60% more concentrated than the national average. This suggests a highly competitive yet abundant market, where opportunities are plentiful, but employers may seek highly qualified candidates due to the specialized nature and high demand for these roles.
Nearby Job Markets
Nearby Cities for Securities, Commodities, and Financial Services Sales Agents
Comparing salaries near Chicago-Naperville-Elgin, IL-IN
Hiring Securities, Commodities, and Financial Services Sales Agentss?
Frequently Asked Questions
How much does a Securities, Commodities, and Financial Services Sales Agents make in Chicago-Naperville-Elgin, IL-IN?
The median annual salary for a Securities, Commodities, and Financial Services Sales Agents in Chicago-Naperville-Elgin, IL-IN is $113,010. This typically ranges from $49,550 for entry-level positions to $210,290 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Chicago-Naperville-Elgin, IL-IN is 2.4% higher than the national median of $110,380.
Is Chicago-Naperville-Elgin, IL-IN a lucrative place for Securities, Commodities, and Financial Services Sales Agentss?
Yes, it is a lucrative area.The average salary of $113,010 significantly exceeds the national average, and the high concentration of these roles (LQ 1.6) indicates strong local demand and competitive compensation.
Is Chicago-Naperville-Elgin, IL-IN a good place to live for Securities, Commodities, and Financial Services Sales Agents?
The Cost of Living Index in Chicago-Naperville-Elgin, IL-IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Chicago-Naperville-Elgin, IL-IN?
Some top paying nearby cities include Michigan City-La Porte, IN ($85,140) and Kenosha, WI.
How does the Chicago salary compare to the national average?
The average salary for Securities, Commodities, and Financial Services Sales Agents in Chicago-Naperville-Elgin, IL-IN is $113,010, which is slightly higher than the national average of $110,380.
What is the job concentration for this role in Chicago?
The Location Quotient (LQ) for Securities, Commodities, and Financial Services Sales Agents in Chicago-Naperville-Elgin, IL-IN is 1.6, meaning the profession is 60% more concentrated than the national average.
How does the cost of living affect the Chicago salary?
The Cost of Living Index in Chicago-Naperville-Elgin, IL-IN is 100, which is the national average. Therefore, the $113,010 salary has purchasing power equivalent to the national average.
How many of these professionals work in the Chicago area?
There are approximately 21,880 Securities, Commodities, and Financial Services Sales Agents employed in the Chicago-Naperville-Elgin, IL-IN metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 21,880 employees in the Chicago-Naperville-Elgin, IL-IN area with a job density of 4.89 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Securities, Commodities, and Financial Services Sales Agents • Data source: BLS OEWS 2024 •Jobs in Chicago-Naperville-Elgin, IL-IN