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 | $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 |