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 | $23.90 | $36.06 | $57.31 |
Yearly | $49,701 | $75,014 | $119,196 | |
Champaign Area | Hourly | $21.82 | $23.93 | $31.12 |
Yearly | $45,380 | $49,768 | $64,731 | |
Charleston-Effingham-Centralia Area | Hourly | $19.44 | $24.20 | $35.87 |
Yearly | $40,421 | $50,331 | $74,621 | |
Cook County | Hourly | $26.43 | $39.29 | $66.60 |
Yearly | $54,968 | $81,715 | $138,522 | |
Decatur Area | Hourly | $22.73 | $28.97 | $44.82 |
Yearly | $47,266 | $60,275 | $93,229 | |
Dekalb-Elgin-Aurora Area | Hourly | $22.44 | $25.35 | $37.50 |
Yearly | $46,664 | $52,741 | $78,002 | |
Edwardsville Area | Hourly | $19.46 | $23.69 | $37.45 |
Yearly | $40,478 | $49,274 | $77,878 | |
Jacksonville-Carlinville-Litchfield Area | Hourly | $20.07 | $23.98 | $34.12 |
Yearly | $41,736 | $49,876 | $70,963 | |
Kankakee-Morris-Pontiac Area | Hourly | $20.87 | $23.64 | $29.39 |
Yearly | $43,425 | $49,165 | $61,134 | |
Lake County | Hourly | $24.59 | $31.59 | $45.47 |
Yearly | $51,142 | $65,707 | $94,577 | |
Mt. Vernon-Marion-Carbondale Area | Hourly | $20.06 | $23.20 | $33.53 |
Yearly | $41,712 | $48,266 | $69,733 | |
Northwest Illinois Area | Hourly | $19.54 | $23.90 | $35.06 |
Yearly | $40,645 | $49,701 | $72,926 | |
Peoria-Bloomington Area | Hourly | $22.14 | $24.51 | $36.54 |
Yearly | $46,044 | $50,961 | $75,996 | |
Quincy-Macomb-Galesburg Area | Hourly | $19.70 | $23.90 | $30.41 |
Yearly | $40,967 | $49,701 | $63,266 | |
Rock Island-Moline Area | Hourly | $21.41 | $26.33 | $42.79 |
Yearly | $44,529 | $54,765 | $89,005 | |
Rockford Area | Hourly | $22.26 | $24.83 | $30.45 |
Yearly | $46,313 | $51,642 | $63,336 | |
Shawnee National Forest Area | Hourly | $19.06 | $24.28 | $31.90 |
Yearly | $39,656 | $50,495 | $66,349 | |
Springfield Area | Hourly | $22.76 | $31.58 | $69.66 |
Yearly | $47,330 | $65,695 | $144,897 | |
St. Louis-Belleville Area | Hourly | $22.05 | $23.69 | $31.08 |
Yearly | $45,881 | $49,274 | $64,652 | |
United States | Hourly | $23.22 | $32.44 | $53.23 |
Yearly | $48,300 | $67,480 | $110,710 |