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.
Location |
Pay Period | |
||
25% |
Median |
75% |
||
Illinois | Hourly | $28.85 | $39.14 | $63.45 |
Yearly | $60,008 | $81,426 | $131,975 | |
Champaign Area | Hourly | $24.15 | $35.25 | $56.95 |
Yearly | $50,235 | $73,325 | $118,458 | |
Charleston-Effingham-Centralia Area | Hourly | $23.63 | $30.21 | $50.47 |
Yearly | $49,144 | $62,837 | $104,967 | |
Cook County | Hourly | $29.59 | $44.03 | $66.13 |
Yearly | $61,539 | $91,591 | $137,562 | |
Decatur Area | Hourly | $24.41 | $30.81 | $46.65 |
Yearly | $50,780 | $64,092 | $97,036 | |
Dekalb-Elgin-Aurora Area | Hourly | $24.27 | $32.62 | $47.42 |
Yearly | $50,483 | $67,850 | $98,639 | |
Du Page County | Hourly | $28.16 | $39.18 | $63.45 |
Yearly | $58,555 | $81,508 | $131,975 | |
Edwardsville Area | Hourly | $20.20 | $27.22 | $47.32 |
Yearly | $42,020 | $56,613 | $98,423 | |
Jacksonville-Carlinville-Litchfield Area | Hourly | $23.81 | $29.18 | $60.59 |
Yearly | $49,538 | $60,701 | $126,030 | |
Kankakee-Morris-Pontiac Area | Hourly | $23.72 | $29.25 | $46.30 |
Yearly | $49,348 | $60,834 | $96,289 | |
Lake County | Hourly | $29.70 | $38.64 | $60.18 |
Yearly | $61,781 | $80,369 | $125,164 | |
Northwest Illinois Area | Hourly | $22.59 | $35.00 | $61.57 |
Yearly | $46,977 | $72,803 | $128,062 | |
Peoria-Bloomington Area | Hourly | $23.54 | $31.04 | $51.44 |
Yearly | $48,961 | $64,559 | $106,998 | |
Quincy-Macomb-Galesburg Area | Hourly | $23.59 | $31.27 | $58.88 |
Yearly | $49,071 | $65,047 | $122,469 | |
Rock Island-Moline Area | Hourly | $24.07 | $35.48 | $59.86 |
Yearly | $50,057 | $73,801 | $124,516 | |
Rockford Area | Hourly | $23.32 | $29.30 | $47.08 |
Yearly | $48,505 | $60,954 | $97,920 | |
Shawnee National Forest Area | Hourly | $21.51 | $24.65 | $47.11 |
Yearly | $44,740 | $51,269 | $97,981 | |
Springfield Area | Hourly | $24.70 | $38.77 | $62.32 |
Yearly | $51,370 | $80,632 | $129,625 | |
United States | Hourly | $24.08 | $36.97 | $61.38 |
Yearly | $50,080 | $76,900 | $127,670 |