Average Securities, Commodities, and Financial Services Sales Agents Salary in Illinois
Securities, Commodities, and Financial Services Sales Agents in Illinois earn an impressive average annual salary of $110,100. This figure is remarkably close to the national average of $110,380, indicating a strong and competitive market for these professionals within the state. The robust economic landscape and demand for financial expertise in Illinois likely contribute to this near-parity compensation.
Executive Summary
- Average Salary: $110,100 per year.
- Growth Trend: Salaries have shifted 16.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $207,210.
- Outlook: With a substantial local workforce of 25,290 professionals in this field, Illinois demonstrates a significant concentration of talent. The Location Quotient of 1.36 further underscores this, suggesting that this sector is more prevalent in Illinois than the national average. This indicates a robust job market with a notable demand for skilled individuals in securities, commodities, and financial services sales.
Salary Overview
The average Securities, Commodities, and Financial Services Sales Agents in Illinois earns-0.3%below the national average.
$52.9
$2,117
$9,175
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 growth trend for salaries in the Securities, Commodities, and Financial Services Sales Agents sector over the past four years. Economic expansion, evolving market demands, and inflation typically drive salary increases in specialized financial roles, suggesting that professionals in Illinois have likely seen their earning potential grow.
Securities, Commodities, and Financial Services Sales Agents Salary Distribution in Illinois
Career progression for Securities, Commodities, and Financial Services Sales Agents typically involves a significant salary increase with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with a proven track record and extensive client portfolios can command salaries well into the higher percentiles. The widening gap between entry-level and senior compensation reflects the value placed on expertise, client management, and sales performance.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| SDR / BDRLead generation, prospecting, cold calling. | 10% (Entry) | $48,910 | $23.5 |
| Account ExecutiveClosing deals, managing small-mid market clients. | 25% (Junior) | $82,575 | $39.7 |
| Senior AEHandling enterprise clients and complex negotiations. | 50% (Median) | $82,130 | $39.5 |
| Sales ManagerManaging a team of reps, setting quotas & strategy. | 75% (Senior) | $137,625 | $66.2 |
| VP of SalesRevenue strategy, expansion, C-suite relationships. | 90% (Expert) | $207,210 | $99.6 |
Detailed Securities, Commodities, and Financial Services Sales Agents Market Analysis
Relocation Context
Nominal Salary
$110,100
Gross Pay
Real Wage (Purchasing Power)
$119,935
Adjusted for COL (91.8)
The average annual salary of $110,100 in Illinois presents a favorable financial standing when considering the local Cost of Living Index of 91.8. This index is below the national average of 100, meaning that the cost of goods and services is generally lower in Illinois. Therefore, the nominal salary translates into stronger purchasing power, allowing professionals to maintain a comfortable lifestyle.
Job Market Context
25,290
Total Jobs
4.17
Per 1K Jobs
1.36
Location Quotient
With a location quotient of 1.36, Illinois has a slightly higher-than-average concentration of Securities, Commodities, and Financial Services Sales Agents roles compared to the national norm.
Illinois boasts a Location Quotient of 1.36 for Securities, Commodities, and Financial Services Sales Agents, signifying a market concentration that is 36% higher than the national average. This indicates a competitive yet abundant job market, where demand for these specialized roles is strong, and a significant pool of talent exists. Professionals may find ample opportunities but will also need to demonstrate their value in a concentrated industry.
Nearby Job Markets
Nearby Cities for Securities, Commodities, and Financial Services Sales Agents
Comparing salaries near Illinois
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Frequently Asked Questions
How much does a Securities, Commodities, and Financial Services Sales Agents make in Illinois?
The median annual salary for a Securities, Commodities, and Financial Services Sales Agents in Illinois is $110,100. This typically ranges from $48,910 for entry-level positions to $207,210 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Illinois is 0.3% lower than the national median of $110,380.
Is Illinois a lucrative place for Securities, Commodities, and Financial Services Sales Agentss?
Yes, Illinois offers a highly competitive compensation landscape for these professionals.The average salary of $110,100 is on par with the national average, and the lower cost of living further enhances earning potential.
Is Illinois a good place to live for Securities, Commodities, and Financial Services Sales Agents?
With a Cost of Living Index of 91.8 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near Illinois?
Some top paying nearby cities include Bloomington, IL ($76,950) and Decatur, IL.
How does Illinois compare to the national average salary for this role?
The average annual salary in Illinois ($110,100) is very close to the national average ($110,380), indicating comparable earning potential.
What does the Location Quotient of 1.36 mean for job seekers?
A Location Quotient of 1.36 suggests that Securities, Commodities, and Financial Services Sales Agents roles are more concentrated in Illinois than the national average, implying a robust market with potentially more opportunities.
How does the cost of living in Illinois affect the salary?
With a Cost of Living Index of 91.8, Illinois is more affordable than the national average. This means the $110,100 salary offers greater purchasing power for residents.
Is the job market for financial sales agents growing in Illinois?
While specific growth rates aren't provided, the substantial workforce and above-average concentration (LQ of 1.36) suggest a stable to growing demand for these professionals in Illinois.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 25,290 employees in the Illinois area with a job density of 4.17 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 Illinois