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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 $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

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