Business Professor Salary in Illinois
Business Professors in Illinois earn an average of $104,076 per year across 1 metro area. This is +1.6% higher than the national average.
Average Salary
$104,076
per year
Hourly Rate
$50.04
per hour
vs National
+1.6%
$102,420 national
Salary Range
$68,456
to $150,643
Cost of Living Adjusted Salary
Nominal Salary
$104,076
Cost of Living Index
95
100 = national average
Adjusted Salary
$109,554
purchasing power equivalent
After adjusting for Illinois's cost of living (below average), a Business Professor's salary of $104,076 has the purchasing power of $109,554 in an average-cost area.
Business Professor Salary by City in Illinois
| City | Median Salary | Hourly Rate | Entry Level (P10) | Senior (P90) | Employment |
|---|---|---|---|---|---|
| Chicago, IL | $104,076 | $50.04/hr | $68,456 | $150,643 | 113 |
Source: Bureau of Labor Statistics OEWS Survey, 2026. Sorted by median salary (highest first).
Illinois vs National Average
Business Professor Salary Comparison
Employment in Illinois
There are approximately 113 Business Professors employed across 1 metro area in Illinois.
Key Industries: Finance, Manufacturing, Technology
State Income Tax: 4.95% flat rate
Business Professor Salary Range in Illinois
Entry Level (10th Percentile)
$68,456
Starting salary for new Business Professors
Median (50th Percentile)
$104,076
Mid-career Business Professor salary
Senior (90th Percentile)
$150,643
Top earners in the field
Related Occupations in Illinois
Instructional Coordinator
$78,267
avg in IL
-$25,809 vs Business Professor
Special Education Teacher
$69,844
avg in IL
-$34,232 vs Business Professor
Secondary School Teacher
$67,313
avg in IL
-$36,763 vs Business Professor
Elementary School Teacher
$65,166
avg in IL
-$38,910 vs Business Professor
Preschool Teacher
$39,012
avg in IL
-$65,064 vs Business Professor
Business Professor Salary in Neighboring States
Compare Business Professor salaries in Illinois with nearby states to find the best opportunities.
More Business Professor Data
More Illinois Data
Frequently Asked Questions
What is the average Business Professor salary in Illinois?
The average Business Professor salary in Illinois is $104,076 per year ($50.04/hour) based on 2026 data across 1 metro areas. This is 1.6% above the national average of $102,420.
What is the highest paying city for Business Professors in Illinois?
Chicago, IL is the highest paying city for Business Professors in Illinois, with a median salary of $104,076 per year.
What is the salary range for Business Professors in Illinois?
Business Professor salaries in Illinois range from $68,456 (entry-level, 10th percentile) to $150,643 (experienced, 90th percentile). The median salary is $104,076 per year.
About This Data
Salary data is sourced from the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey. State-level averages are calculated from metro area data within Illinois. Figures represent 2026 estimates and may not reflect all employers or self-employed workers. Cost of living adjustments use regional indices to provide purchasing power context.