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Financial Planners

Financial Planners - Wages & Trends

Wages vary by the type of employer. Salespeople in brokerage firms tend to earn more than those in banks and mortgage companies.

Securities salespeople usually are paid a commission based on the number of stocks, bonds, and other products they sell. Earnings are high when there is much buying and selling, and low during a slump. Most firms provide brokers a minimum salary based on commissions they are expected to earn. Trainee brokers are usually paid a salary until they can build a client base. Some brokers are paid a percentage of the assets they oversee. Brokers who work for discount brokerage firms are usually paid a salary. Financial services salespeople who work in banks are usually paid a salary.

Full-time salespeople may receive benefits. Typical benefits include paid vacation, sick leave, and health insurance. 

Securities, commodities, and financial services sales agents (SOC 41-3031)
Location
Pay Period
25%
Median
75%
Illinois Hourly $30.72 $48.44 $76.03
Yearly $63,897 $100,750 $158,128
    Champaign Area Hourly $23.26 $28.21 $48.61
Yearly $48,380 $58,678 $101,108
    Charleston-Effingham-Centralia Area Hourly $22.34 $30.78 $56.11
Yearly $46,469 $64,018 $116,710
    Cook County Hourly $37.03 $49.67 $78.95
Yearly $77,035 $103,316 $164,225
    Decatur Area Hourly $23.27 $32.49 $40.69
Yearly $48,396 $67,593 $84,637
    Dekalb-Elgin-Aurora Area Hourly $24.73 $37.36 $49.45
Yearly $51,445 $77,712 $102,858
    Du Page County Hourly $30.42 $45.23 $67.06
Yearly $63,282 $94,067 $139,469
    Edwardsville Area Hourly $25.26 $36.17 $55.46
Yearly $52,529 $75,225 $115,366
    Kankakee-Morris-Pontiac Area Hourly $24.42 $28.57 $41.70
Yearly $50,802 $59,430 $86,727
    Lake County Hourly $30.15 $48.44 $68.98
Yearly $62,722 $100,750 $143,475
    Mt Vernon-Marion-Carbondale Area Hourly $23.07 $35.10 $56.94
Yearly $47,984 $73,005 $118,452
    Northwest Illinois Area Hourly $22.60 $28.00 $48.61
Yearly $47,026 $58,245 $101,102
    Peoria-Bloomington Area Hourly $26.99 $38.22 $59.80
Yearly $56,143 $79,489 $124,386
    Quincy-Macomb-Galesburg Area Hourly $27.42 $37.01 $62.27
Yearly $57,030 $76,988 $129,518
    Rock Island-Moline Area Hourly $27.47 $37.12 $51.26
Yearly $57,143 $77,202 $106,621
    Rockford Area Hourly $27.80 $36.35 $57.03
Yearly $57,819 $75,595 $118,633
    Shawnee National Forest Area Hourly $22.90 $34.14 $50.64
Yearly $47,634 $71,008 $105,334
    Springfield Area Hourly $27.09 $36.43 $58.22
Yearly $56,364 $75,767 $121,097
    St Louis-Belleville Area Hourly $23.05 $28.23 $47.65
Yearly $47,934 $58,737 $99,110
    Will County Hourly $24.71 $29.13 $48.54
Yearly $51,397 $60,600 $100,968
United States Hourly $27.18 $37.82 $62.48
Yearly $56,540 $78,660 $129,950

Source: Illinois Career Information System (CIS) brought to you by Illinois Department of Employment Security.