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As of August 01, 2026, the average salary for a Business Associate in Illinois is $63,908 per year, which breaks down to an hourly rate of $31.
However, a Business Associate's salary can vary significantly. Here’s a look at the typical salary range:
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Business Associate Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $68,257 | $5,688 | $1,313 | $33 |
| Average | $63,908 | $5,326 | $1,229 | $31 |
| 25th Percentile | $56,795 | $4,733 | $1,092 | $27 |
Insight Health Systems - Chicago, IL
Chicago Atlantic Advisers LLC - Chicago, IL
Farmers Insurance - Northwest District - Schaumburg, IL
Farmers Insurance - Northwest District - Park Ridge, IL
A Business Associate'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.
Experience is a primary driver of a Business Associate's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here’s how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Business ... Level Business Associate | $63,588 |
| Business ... Level Business Associate | $75,778 |
| Business ... Level Business Associate | $98,263 |
| Business ... Level Business Associate | $129,482 |
| Business ... Level Business Associate | $166,102 |
What Am I Worth?
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 Business Associates. 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 Business Associate roles, the industry you choose can affect earning potential by as much as 50% (the gap between the highest and lowest paying industries). Data shows that the Financial Services and Pharmaceuticals sectors offer the strongest compensation, at 25% above the average. In contrast, Business Associate positions in Edu., Gov't. & Nonprofit or Transportation typically offer lower base pay, as these industries often view Business Associate as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Financial Services | $79,885 | $38.0 | 25% |
| Pharmaceuticals | $77,968 | $37.0 | 22% |
| Internet | $75,411 | $36.0 | 18% |
| Energy & Utilities | $73,494 | $35.0 | 15% |
| Insurance | $70,299 | $34.0 | 10% |
Understanding how a Business Associate'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 | $68,257 | $5,688 | $1,313 | $33 |
| Average | $63,908 | $5,326 | $1,229 | $31 |
| 25th Percentile | $56,795 | $4,733 | $1,092 | $27 |
Ready to take the next step in your career? Browse thousands of current Business Associate job openings on our job board. Use the search bar below to find your perfect match.
Enova
Chicago, IL
Enova | Chicago, IL
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Justice Cannabis Co.
Mattoon, IL
Justice Cannabis Co. | Mattoon, IL
Associate HR Business Partner, HRIS & ComplianceIn office position. Great opportunity for someone who is looking to move to the next level in their HR care... more
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SIU Medicine
Springfield, IL
SIU Medicine | Springfield, IL
We recommend using the following browsers to complete the application:Desktop:Google Chrome, Edge with ChromiumMobile:Google Chrome, SafariDescriptionThe i... more
8 Days Ago
Superior Insurance Partners LLC
Chicago, IL
Superior Insurance Partners LLC | Chicago, IL
Business Development Associate. Chicago, Illinois. Superior Insurance Partners is a rapidly growing insurance brokerage platform specializing in commercial... more
8 Days Ago
Applied Systems
Chicago, IL
Applied Systems | Chicago, IL
Associate Business Development Representative. Applied Systems, Inc., a worldwide leader in insurance technology, is currently searching for an Associate B... more
10 Days Ago
Shamrock Trading Corporation
Chicago, IL
Shamrock Trading Corporation | Chicago, IL
Ryan Transportation Sales Professional. Ryan Transportation is part of Shamrock Trading Corporation, a family of brands that has been serving the transport... more
6 Days Ago
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