Financial Manager Salary in Chicago, IL: $169,403 (2024)

The median financial manager salary in Chicago, IL is $169,403 per year ($81.44/hour) as of 2026. This is based on official U.S. Bureau of Labor Statistics data. Salaries range from $106,287 for entry-level positions to $237,101 for experienced professionals in the top 10%.

Entry-level financial managers in Chicago, IL typically start at around $106,287 per year ($51.10/hour), representing the 10th percentile. New graduates and those with less than 2 years of experience fall into this range. With experience and skill development, salaries can progress to the median of $169,403 within 3-5 years.

Financial Managers in Chicago, IL earn a median hourly wage of $81.44 per hour. Hourly rates range from $51.10/hour at entry-level (10th percentile) to $113.99/hour for top earners (90th percentile). Based on a standard 2,080-hour work year, this translates to annual salaries between $106,287 and $237,101.

The median financial manager salary of $169,403 in Chicago, IL is above the national median of $166,050 (2.0% higher). This salary places you at the 50th percentile, meaning half of financial managers in the area earn more and half earn less.

Financial Managers in Chicago, IL earn above the national average. The local median salary of $169,403 is 2.0% higher than the national median of $166,050. When adjusted for cost of living, the effective salary is approximately $160,724.

The top 10% of financial managers in Chicago, IL earn $237,101 or more per year ($113.99/hour). These top earners typically have 10+ years of experience, advanced certifications, specialized expertise, or hold senior/management positions. The 75th percentile earns $204,256, which is a realistic goal for mid-career professionals.

Key skills that can boost financial manager salary in Chicago, IL include: Strong communication and interpersonal abilities, Problem-solving and critical thinking, Technical proficiency relevant to the field, Attention to detail and organizational skills. Professionals with these skills often earn above the median of $169,403, potentially reaching the 75th percentile ($204,256) or higher. Years of relevant experience

Chicago, IL has a moderate job market for financial managers, with approximately 648 professionals employed in the area. The median salary of $169,403 is above the national average. Job seekers should consider both salary and local industry demand when evaluating opportunities.

Compare your financial manager salary to these Chicago, IL benchmarks: 10th percentile (entry-level): $106,287, 25th percentile: $138,038, 50th percentile (median): $169,403, 75th percentile: $204,256, 90th percentile (top earners): $237,101. If you earn more than $169,403, you're above average for the area.

Beyond the $169,403 median base salary, financial managers in Chicago, IL typically receive comprehensive benefits including health insurance (medical, dental, vision), retirement plans (401k with employer matching), paid time off (15-25 days), and potentially bonuses or profit-sharing. Total compensation including benefits typically adds 25-40% to base salary value.

Experienced financial managers with 5-10 years in Chicago, IL typically earn $204,256 (75th percentile) to $237,101 (90th percentile) per year. Senior professionals with 10+ years, certifications, or management roles can reach the top 10% at $237,101. Mid-career professionals (3-5 years) usually earn around the median of $169,403.

Financial Managers in Chicago, IL can see significant salary growth over their careers. Entry-level ($106,287) to median ($169,403) typically takes 3-5 years. Reaching the 90th percentile ($237,101) may take 10+ years and often requires specialized skills, certifications, or leadership experience. That's a potential growth of $130,814 over a career.