As of April 01, 2025, the average annual salary for a Rate Analyst in Elgin, IL is $84,064. Salary.com reports that pay typically ranges from $75,161 to $90,998, with most professionals earning between $67,056 and $97,312.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $89,539 | $7,462 | $1,722 | $43 |
| Average | $82,716 | $6,893 | $1,591 | $40 |
| 25th Percentile | $73,956 | $6,163 | $1,422 | $36 |
An entry-level Rate Analyst with under 1 year experience makes about $81,141. With less than 2 years of experience, a mid-level Rate Analyst makes around $81,407. After 2-4 years, the Rate Analyst pay rises to about $82,470. Those senior Rate Analyst with 5-8 years of experience earn roughly $86,134, and those Rate Analyst having 8 years or more experience are expected to earn about $87,687 on average.
| Levels | Salary |
|---|---|
| Entry Level Rate Analyst | $81,141 |
| Intermediate Level Rate Analyst | $81,407 |
| Senior Level Rate Analyst | $82,470 |
| Specialist Level Rate Analyst | $86,134 |
| Expert Level Rate Analyst | $87,687 |
| Entry Level | 2% |
| Mid Level | 2% |
| Senior Level | 0% |
| Top Level | 4% |
| Experienced | 6% |
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Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Billing: Billing refers to the aspect of banking, whereby someone is charged accurately for what item they purchased.
Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.
| Skill | Salary | Demand |
|---|---|---|
|
Team Management
|
$91,630 |
9%
|
|
Collaboration
|
$89,949 |
7%
|
|
Telecommunications
|
$88,267 |
5%
|
|
Financial Analysis
|
$88,267 |
5%
|
|
Commitment
|
$88,267 |
5%
|
|
Effective Communication
|
$88,267 |
5%
|
