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As of August 01, 2026, the average salary for a Morningstar Development Program in Illinois is $45,830 per year, which breaks down to an hourly rate of $22.
However, a Morningstar Development Program's salary can vary significantly. Here’s a look at the typical salary range:
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Morningstar Development Program Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $52,245 | $4,354 | $1,005 | $25 |
| Average | $45,830 | $3,819 | $881 | $22 |
| 25th Percentile | $40,222 | $3,352 | $773 | $19 |
PEROUSTIYSKI AGENCY INC Farmers Insurance - Elmhurst, IL
Northwestern Mutual - Greater Chicago - Skokie, IL
The Atchison Group Inc. - Itasca, IL
GGP - Chicago, IL
A Morningstar Development Program's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Morningstar Development Programs. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
For Morningstar Development Program roles, the industry you choose can impact your earning potential by as much as 15% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Financial Services, offers compensation 5% above the average. Conversely, Morningstar Development Program positions in Business Services typically offer lower base pay, as this sector often view Morningstar Development Program as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Financial Services | $48,122 | $23.0 | 5% |
| Hospitality & Leisure | $48,122 | $23.0 | 5% |
Understanding how a Morningstar Development Program's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $52,245 | $4,354 | $1,005 | $25 |
| Average | $45,830 | $3,819 | $881 | $22 |
| 25th Percentile | $40,222 | $3,352 | $773 | $19 |
Ready to take the next step in your career? Browse thousands of current Morningstar Development Program job openings on our job board. Use the search bar below to find your perfect match.
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