Financial Risk Specialist salary in Chicago-Naperville-Elgin, IL-IN
Financial Risk Specialists in the Chicago-Naperville-Elgin, IL-IN metro area earn a median of $105,370 a year ($50.66 an hour), based on BLS data for 2,360 workers.
Pay ranges from $65,860 for the lowest-paid 10% to $205,140 for the top 10%. That is 10% lower than the national median of $117,330. Pay here is 1% higher than the Illinois statewide median of $104,300. There are 0.52 financial risk specialists per 1,000 jobs here — the job is 1.3× more common than nationally. The average (mean) salary is $123,130, above the median because a few high earners pull it up.
Pay range for financial risk specialists in Chicago-Naperville-Elgin, IL-IN
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $65,860 | $31.66 |
| 25th percentile | $79,070 | $38.02 |
| Median | $105,370 | $50.66 |
| 75th percentile | $157,690 | $75.81 |
| 90th percentile (top earners) | $205,140 | $98.62 |
| Average (mean) | $123,130 | $59.20 |
Half of financial risk specialists earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $8,780.83 |
| Semi-monthly (24 a year) | $4,390.42 |
| Biweekly (26 a year) | $4,052.69 |
| Weekly | $2,026.35 |
| Hourly | $50.66 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $105,370 salary, see how much house you can afford in Illinois at today's mortgage rates, or work out a payment with the mortgage calculator.
Financial Risk Specialist salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Peoria, IL | $119,580 | 60 |
| Indianapolis-Carmel-Greenwood, IN | $101,910 | 220 |
| St. Louis, MO-IL | $97,920 | 480 |
| Cincinnati, OH-KY-IN | $93,470 | 430 |
| Davenport-Moline-Rock Island, IA-IL | $91,880 | 30 |
| Fort Wayne, IN | $82,390 | 30 |
| Springfield, IL | $74,360 | 30 |
| Louisville/Jefferson County, KY-IN | $64,290 | 110 |
Highest-paying states for financial risk specialists
| State | Median salary |
|---|---|
| New Hampshire | $158,320 |
| Maine | $141,020 |
| Delaware | $139,440 |
| New York | $136,830 |
| North Carolina | $132,040 |
| Massachusetts | $130,400 |
| New Jersey | $129,220 |
| California | $129,110 |
| Virginia | $126,510 |
| Washington | $123,150 |
See Financial Risk Specialist pay in every state or the Illinois statewide figures.
Related jobs in Chicago-Naperville-Elgin, IL-IN
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $82,360 | $39.60 |
| Financial and Investment Analysts | $101,750 | $48.92 |
| Personal Financial Advisor | $113,210 | $54.43 |
| Loan Officer | $80,040 | $38.48 |
| Financial Specialists, All Other | $81,740 | $39.30 |
| Insurance Underwriter | $99,840 | $48.00 |
| Financial Examiner | $98,470 | $47.34 |
| Credit Analyst | $92,900 | $44.67 |
| Tax Preparer | $48,670 | $23.40 |
| Property Appraisers and Assessors | $76,520 | $36.79 |
| Credit Counselor | $57,210 | $27.51 |
| Tax Examiners and Collectors, and Revenue Agents | $93,590 | $45.00 |
| Budget Analyst | $88,460 | $42.53 |
| Management Analyst | $105,090 | $50.53 |
More: Business and Financial Operations Occupations · all salaries in Chicago-Naperville-Elgin, IL-IN
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 13-2054. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a financial risk specialist make in Chicago-Naperville-Elgin, IL-IN?
The median salary for financial risk specialists in the Chicago-Naperville-Elgin, IL-IN metro area is $105,370 a year, or $50.66 an hour. Pay ranges from $65,860 for the lowest-paid 10% to $205,140 for the top 10%.
How much do the highest-paid financial risk specialists make in Chicago-Naperville-Elgin, IL-IN?
The top 10% of financial risk specialists in the Chicago-Naperville-Elgin, IL-IN metro area earn at least $205,140 a year. The top 25% earn $157,690 or more.
What is the starting pay for financial risk specialists in Chicago-Naperville-Elgin, IL-IN?
Entry-level pay (the 10th percentile) is about $65,860 a year, and a quarter of financial risk specialists earn $79,070 or less.
How many financial risk specialists work in Chicago-Naperville-Elgin, IL-IN?
About 2,360 financial risk specialists are employed in the Chicago-Naperville-Elgin, IL-IN metro area, not counting the self-employed.