How to Become a Financial and Investment Analysts in Illinois
Financial and Investment Analysts in Illinois earn a median salary of $101,400/year, which is 0% above the national average. Illinois has a state income tax of ~4.9%. After taxes and rent, a financial and investment analysts takes home approximately $4,813/month. Most positions require Bachelor's degree.
What a financial and investment analysts can afford in Illinois
Becoming a financial and investment analysts in Illinois
Meet education requirements
Financial and Investment Analysts positions in Illinois typically require Bachelor's degree. Programs are available at colleges and training institutions across Illinois. Research accredited programs in your area.
Gain required experience
Many financial and investment analysts positions in Illinois require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain Illinois licensure or certification
Illinois may require specific licensing or professional certification for financial and investment analystss. Requirements vary by state — contact the Illinois Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in Illinois
Illinois employs 17,950 financial and investment analysts. The highest concentrations are in Chicago-Naperville-Elgin and Bloomington.
Financial and Investment Analysts salary by metro area in Illinois
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Chicago-Naperville-Elgin | $103K | $49.42/hr | 14,970 |
| Bloomington | $100K | $48.31/hr | 740 |
| Springfield | $99K | $47.72/hr | 90 |
| Rockford | $94K | $45.23/hr | 90 |
| Champaign-Urbana | $82K | $39.38/hr | 140 |
| Peoria | $78K | $37.34/hr | 360 |
Financial and Investment Analysts salary range in Illinois
Financial and Investment Analysts careers in other states
Frequently asked questions
How much does a financial and investment analysts make in Illinois?▼
The median financial and investment analysts salary in Illinois is $101,400 per year ($48.75/hr). This is 0% above the national median of $101,350. Salaries range from $62,990 to $185,200.
What are the requirements to become a financial and investment analysts in Illinois?▼
Financial and Investment Analysts positions in Illinois typically require Bachelor's degree. Illinois may have specific licensing or certification requirements. Check with the Illinois licensing board or department of labor for current requirements.
Can a financial and investment analysts afford to live in Illinois?▼
At the median salary of $101,400, a financial and investment analysts in Illinois would take home approximately $6,225/month after taxes. With median 2-bedroom rent at $1,412/month, that's 22.7% of take-home pay going to housing. This is within the recommended 30% guideline.
What are the best cities for financial and investment analysts in Illinois?▼
The highest paying metro areas for financial and investment analysts in Illinois are Chicago-Naperville-Elgin ($102,790), Bloomington ($100,480), Springfield ($99,250). However, cost of living varies significantly between metros — a higher salary may not mean more purchasing power.
Does Illinois have state income tax for financial and investment analysts?▼
Yes, Illinois has a state income tax rate of approximately 4.9%. On a $101,400 salary, this means roughly $5,019/year in state income tax. Use our take-home pay calculator for a detailed breakdown.