Coverage Analyst Salary in Hoffman Estates, IL

How much does a Coverage Analyst make in Hoffman Estates, IL?

As of September 01, 2026, the average salary for a Coverage Analyst in Hoffman Estates, IL is $72,039 per year, which breaks down to an hourly rate of $35.

However, a Coverage Analyst's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $85,261
  • Majority Range (25th-75th percentile): $65,807 to $78,959
  • Entry-Level (10th percentile): $60,134
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View as table View as graph 25% $65,807 10% $60,134 90% $85,261 75% $78,959 $72,039 50%(Median) Didn’t find job title? Click

Coverage Analyst Salaries by Percentile

Annual
Salary
Monthly
Pay
Weekly
Pay
Hourly
Wage
75th Percentile $78,959 $6,580 $1,518 $38
Average $72,039 $6,003 $1,385 $35
25th Percentile $65,807 $5,484 $1,266 $32
Check out Coverage Analyst Job Openings in Hoffman Estates, IL
Payroll & HRIS Administrator

Identiti - Hoffman Estates, IL

Laundry Attendant

Red Roof Plus+ Hoffman Estates - Hoffman Estates, IL

Bookkeeper for Non-Profit - Intacct

Resolute Technologies - Hoffman Estates, IL

Search More Coverage Analyst Jobs in Hoffman Estates, IL

Key Factors That Influence Coverage Analyst Salaries

A Coverage Analyst'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, skills and company size can directly affect your earning potential.

How Experience Level Affects Coverage Analyst Salaries?

Experience is a primary driver of a Coverage Analyst'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:

  • Entry-Level (less than 1 year): $60,158
  • Early Career (1-2 years): $71,530
  • Mid-Level (2-4 years): $95,878
  • Senior-Level (5-8 years): $115,073
  • Expert (over 8 years): $107,464
Levels Salary
Benefits ... Level Coverage Analyst$60,158
Coverage ... Level Coverage Analyst$71,530
Benefits ... Level Coverage Analyst$95,878
Benefits ... Level Coverage Analyst$115,073
Benefits ... Level Coverage Analyst$107,464
$60,158 0 yr
$71,530 < 2 yrs
$95,878 2-4 yrs
$115,073 5-8 yrs
$107,464 > 8 yrs
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What Am I Worth?

Top Paying Cities for Coverage Analysts

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:

  • San Jose: $90,504
  • San Francisco: $89,513
  • Oakland: $87,626

What Skills Can Increase a Coverage Analyst's Salary?

Demanded Skills for the Role:

  • Networking (Mentioned in 7.18% Job Postings): Ability to maintain, build and expand a personal and business contact list to grow one's career and business opportunities.
  • HRIS (Mentioned in 3.39% Job Postings): HRIS is a management system designed specifically to provide managers with information to make HR decisions. Is a system that lets you keep track of all your employees and information about them.
  • Onboarding (Mentioned in 2.38% Job Postings): Onboarding, also known as organizational socialization, is management jargon first created in the 1970's that refers to the mechanism through which new employees acquire the necessary knowledge, skills, and behaviors in order to become effective organizational members and insiders. It is the process of integrating a new employee into the organization and its culture. Tactics used in this process include formal meetings, lectures, videos, printed materials, or computer-based orientations to introduce newcomers to their new jobs and organizations. Research has demonstrated that these socialization techniques lead to positive outcomes for new employees such as higher job satisfaction, better job performance, greater organizational commitment, and reduction in occupational stress and intent to quit.. These outcomes are particularly important to an organization looking to retain a competitive advantage in an increasingly mobile and globalized workforce. In the United States, for example, up to 25% of workers are organizational newcomers engaged in an onboarding process. The term induction is used instead in regions such as Australia, New Zealand, Canada, and parts of Europe. This is known in some parts of the world as training.
See More Skills
Skills Demand Percentage
Networking 7.18%
HRIS 3.39%
Onboarding 2.38%
What skills can make your compensation higher?
Mastering certain specialized skills can lead to a significant increase in pay. Here are examples of skills and the potential impact they can have on a Coverage Analyst's salary.
  • Consultative Selling: Can increase your salary by up to 15%.
  • Insight: Can increase your salary by up to 8%.
  • Tech Savvy: Can increase your salary by up to 6%.
Skill Salary Salary % Increase
Consultative Selling
$82,844
15%
Insight
$77,802
8%
Tech Savvy
$76,361
6%
Insurance Products
$76,361
6%
Consulting
$75,640
5%
Commitment
$75,640
5%
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Coverage Analyst Salary by Industry: Top Paying Sectors

For Coverage Analyst roles, the industry you choose can affect earning potential by as much as 48% (the gap between the highest and lowest paying industries). Data shows that the Biotechnology and Pharmaceuticals sectors offer the strongest compensation, at 25% above the average. In contrast, Coverage Analyst positions in Transportation or Hospitality & Leisure typically offer lower base pay, as these industries often view Coverage Analyst as a support function rather than a direct revenue driver.

The top paying industries for a Coverage Analyst

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Biotechnology$90,048$43.025%
Pharmaceuticals$86,446$42.020%
Energy & Utilities$82,844$40.015%
Insurance$79,242$38.010%
Internet$79,242$38.010%

Coverage Analyst Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Coverage Analyst'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.

Last Updated on September 01, 2026

Find Your Next Coverage Analyst Job

Ready to take the next step in your career? Browse thousands of current Coverage Analyst job openings on our job board. Use the search bar below to find your perfect match.

United States
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    Hoffman Estates, IL

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  • Brilliant®

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  • Corporate Resources of Illinois

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