Financial Planners


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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 $29.37 $40.38 $65.19
Yearly $61,075 $83,979 $135,575
    Champaign Area Hourly $23.24 $30.49 $49.95
Yearly $48,353 $63,422 $103,885
    Charleston-Effingham-Centralia Area Hourly $22.51 $34.76 $57.89
Yearly $46,810 $72,283 $120,428
    Cook County Hourly $30.59 $48.40 $78.26
Yearly $63,645 $100,663 $162,786
    Decatur Area Hourly $22.91 $30.50 $39.56
Yearly $47,660 $63,453 $82,276
    Dekalb-Elgin-Aurora Area Hourly $28.02 $37.89 $50.09
Yearly $58,267 $78,831 $104,187
    Du Page County Hourly $28.96 $39.25 $64.10
Yearly $60,222 $81,648 $133,328
    Edwardsville Area Hourly $23.58 $30.71 $49.90
Yearly $49,041 $63,870 $103,782
    Kankakee-Morris-Pontiac Area Hourly $24.12 $29.37 $45.74
Yearly $50,170 $61,078 $95,128
    Lake County Hourly $29.15 $38.58 $59.25
Yearly $60,639 $80,248 $123,244
    Northwest Illinois Area Hourly $23.09 $29.11 $57.64
Yearly $48,015 $60,551 $119,898
    Peoria-Bloomington Area Hourly $23.29 $30.29 $46.74
Yearly $48,452 $63,002 $97,218
    Rock Island-Moline Area Hourly $25.58 $36.71 $57.24
Yearly $53,220 $76,361 $119,054
    Rockford Area Hourly $23.69 $30.34 $47.36
Yearly $49,277 $63,098 $98,518
    Shawnee National Forest Area Hourly $22.83 $31.71 $54.07
Yearly $47,494 $65,945 $112,464
    Springfield Area Hourly $23.34 $35.35 $52.24
Yearly $48,561 $73,517 $108,667
United States Hourly $24.81 $37.57 $62.25
Yearly $51,600 $78,140 $129,480

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