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Novo Advisors Salary

Novo Advisors Salary

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As of August 2026, the average annual salary for employees at Novo Advisors in the United States is $94,510. This translates to an approximate hourly wage of $45. Salaries at Novo Advisors typically range from $83,067 to $106,928 annually, reflecting the diverse roles and experience levels within the company.

How Much Does Novo Advisors Pay for Different Roles?

Explore detailed salary information for specific jobs at Novo Advisors. Based on our data, the highest paying job is the Managing Director, with an annual salary of $731,591. The table below outlines the annual salary ranges for most popular roles within the company.
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Is Novo Advisors’s Pay Competitive? Salary Benchmarking Analysis

How does Novo Advisors's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
Van H Gilbert, Architect PC $83,255
-11.9%
Reflects market rates for standard general contracting, differing from specialized roles.
McKay International Engineers Inc $99,193
+5.0%
Adjusted for higher cost-of-living indices in McKay International Engineers Inc's primary metro hubs.
GeriPro Inc $87,432
-7.5%
GeriPro Inc likely leverages performance bonuses over the high base salary shown here.
ScienceVision LLC $93,413
-1.2%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
Business Services Industry $120,931
+28.0%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

How Novo Advisors's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Novo Advisors. Click a company name to learn more.

Employee Reviews: Working at Novo Advisors

Considering a career at Novo Advisors? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
This safe-to-fail environment encourages creativity and experimentation, which is essential for innovation and long-term success. The work environment is positive and respectful, with strong collaboration and communication. My role here has been steady and fairly predictable. The flexible work schedule has been a game-changer for me. Managers trust employees with responsibility.
Commented in May 04, 2025
49
3
Their proactive approach has made collaboration smooth and productive. The workload is manageable, and coworkers are helpful. It’s a win-win. Leadership genuinely cares about employees. There's a focus on routine tasks rather than innovation.
Commented in December 20, 2024
13
0
What's most impressive is how willing people are to help each other, regardless of hierarchy or location. the work itself is manageable and clear. The company’s internal systems are efficient, and support services are responsive.
Commented in September 26, 2024
10
3

Novo Advisors Overview

Website
www.novo-advisors.com
Founded In
2012
Employees
<25 employees
Industry
Business Services
Headquarter Address
401 N Franklin St Chicago Illinois IL 60654
Revenue
<$5 Million
Phone Number
+1 3129616854
Social Media
About Novo Advisors
Novo Advisors is a boutique advisory firm assisting both healthy companies and those facing financial difficulty. We specialize in quickly identifying and implementing the optimal path to performance improvement and/or recovery. We work in conjunction with management, boards of directors and lenders to create and deliver practical, credible solutions to key stakeholders, including creditors, emplo

What Benefits Does Novo Advisors Offer Beyond Salary?

A competitive compensation package is more than just a salary. Novo Advisors offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Chicago?

Understanding the cost of living near Chicago is key to truly evaluating a salary offer or your current compensation at Novo Advisors.
Chicago's Cost of Living Index is approximately 106.9 (6.9% more expensive than US average; 14.0% more than IL average). Major US city, housing varies greatly by neighborhood but can be high, extensive CTA transit. When planning your budget based on a salary from Novo Advisors, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,700 - $2,600+ A significant portion of Novo Advisors salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $105 (CTA 30-day pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $430 - $640 Can be higher with more dining out or specialty stores.
Personal & Leisure $450 - $800+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,225 - $5,025+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Novo Advisors

1. What is the typical salary range (low to high) for most roles at Novo Advisors?

The typical annual salary range for most roles at Novo Advisors is approximately from $83,067 to $106,928. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. How much does Novo Advisors pay compared to Van H Gilbert, Architect PC?

The average annual salary at Novo Advisors is $94,510, or an hourly wage of $45, in comparison to Van H Gilbert, Architect PC which pays $83,255 per year or $40 per hour.

3. Do salaries differ significantly between departments at Novo Advisors?

Yes, salaries often differ between departments at Novo Advisors due to varying market demand for specific skill sets and the nature of the roles. For example, technical roles in Engineering or IT may command different salary ranges compared to roles in Marketing or Human Resources.

4. How does experience level affect salary at Novo Advisors?

Experience level is a significant factor in determining salary at Novo Advisors, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

5. How can I determine if a salary offer from Novo Advisors in Chicago is fair given the local cost of living?

To determine if a salary offer from Novo Advisors in Chicago is fair, first compare the gross salary to our data for similar roles at Novo Advisors and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Chicago" to understand its purchasing power.

6. Why might an individual's actual salary at Novo Advisors differ from the ranges shown here?

An individual's actual salary at Novo Advisors can differ from our estimated ranges due to various factors. These include their specific years of experience in the role, unique skills or certifications, educational background, performance record, the specific team or department they join, negotiation outcomes, and even the precise timing of when they were hired relative to market fluctuations. Our ranges represent typical compensation.

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