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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 $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

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