Banking Associate Salaries in Illinois
How Much Does a Banking Associate Make in Illinois?
Updated March 01, 2025
As of March 01, 2025,
the average annual pay of Banking Associate in Illinois is $57,543.
While Salary.com is seeing that Banking Associate salary in IL can go up to $74,617
or down to $37,605, but most earn between $47,106 and $66,480.
Salary ranges can vary widely depending on many important factors,
including education, certifications, additional skills, and your experience levels.
With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Banking Associate
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Similar Job Salaries to Banking Associate by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Bank of Montreal
Commercial Banking Credit Associate
|
$153,443/yr
|
RANGE: $125,381 - $181,504
|
|
BMO Financial Group
ASSOCIATE COMMERCIAL BANKING
|
$74,988/yr
|
RANGE: $60,550 - $89,426
|
|
Truist
Investment Banking Associate- Industrials
|
$82,573/yr
|
RANGE: $69,687 - $95,459
|
|
Mesirow
Investment Banking Associate
|
$106,037/yr
|
RANGE: $89,022 - $123,052
|
|
Midland States Bank
Universal Banking Associate
|
$39,230/yr
|
RANGE: $35,045 - $43,414
|
|
MUFG
Associate, Client Onboarding-Transaction Banking
|
$111,547/yr
|
RANGE: $91,290 - $131,804
|
|
Piper Sandler
Investment Banking Associate - Healthcare Services
|
$106,037/yr
|
RANGE: $89,022 - $123,052
|
|
JPMorganChase
Investment Banking - Diversified Industries - Associate
|
$281,269/yr
|
RANGE: $207,354 - $355,183
|
|
KPMG US
Senior Associate, Financial Services Banking Loan Platforms
|
$180,397/yr
|
RANGE: $153,862 - $206,932
|
|
Selby Jennings
Investment Banking Associate | Consumer / Industrials Sector
|
$130,857/yr
|
RANGE: $109,061 - $152,652
|
Top 10 Highest Paying Cities For Banking Associate Jobs in Illinois
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Banking Associate can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Banking Associate job salaries in Illinois.
Some cities can pay higher salaries for Banking Associate jobs, which can indicate that there is a large demand for Banking Associate positions in this city.
The following table shows top 10 cities where the Banking Associate salary is higher than other cities in Illinois.
Chicago takes first place in this list, followed by Cicero, Evanston.
The Banking Associate salary is $59,005 in Chicago,
which is higher than the national average. There are 20 cities' Banking Associate salary higher than national average in Illinois.
The average salary for a Banking Associate in Illinois is $57,543,
but we found that the city with the highest salary for Banking Associate jobs is Chicago, IL, and it is higher than Cicero.
Banking Associate jobs in Chicago can have the opportunity to earn higher salaries than in other cities in Illinois.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Chicago | $59,005 | $4,917 | $1,135 | $28 |
| Cicero | $59,005 | $4,917 | $1,135 | $28 |
| Evanston | $59,005 | $4,917 | $1,135 | $28 |
| Oak Park | $59,005 | $4,917 | $1,135 | $28 |
| Skokie | $59,005 | $4,917 | $1,135 | $28 |
| Oak Lawn | $58,949 | $4,912 | $1,134 | $28 |
| Des Plaines | $58,836 | $4,903 | $1,131 | $28 |
| Mount Prospect | $58,780 | $4,898 | $1,130 | $28 |
| Aurora | $58,499 | $4,875 | $1,125 | $28 |
| Hoffman Estates | $58,499 | $4,875 | $1,125 | $28 |
What Does a Banking Associate Do?
If you are an MBA student, you are applying to banks with the aim of landing an investment banking associate position and aspire to work up the ranks to Managing Director one day.
Updated November 22, 2021
Interpersonal skills and written and verbal communication skills are necessary for strong performance as a relationship banking associate.
Updated December 20, 2021
Analysts do much of the market research for clients while banking associates ensure the information is accurate and present it to clients.
Updated December 01, 2021
Banking associates must also deliver presentations and reports that detail their research and analyses.
Updated November 28, 2021
Banking associates must be strong salespeople, able to identify a client's needs and recommend a product or service that addresses that need.
Updated November 28, 2021
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Explore JobArchitectFrequently Asked Questions About a Banking Associate Salaries
What is the average of a Banking Associate in Illinois?
The Banking Associate salary range is from $47,106 to $66,480, and the average Banking Associate salary is $57,543/year in Illinois.
The Banking Associate's salary will change in different locations.
Which location pays the highest Banking Associate salary in the United States?
The Banking Associate salary in San Jose, CA is $70,592
which is the highest in the US.
What kinds of reasons will influence the Banking Associate's salary?
Besides the location, employees' education degree, related skills, and work experience also will influence the salary.
Try to improve your skills and experience to get a higher salary for the position of Banking Associate.
What is the growth rate of the Banking Associate's salary?
If you are thinking of becoming a Banking Associate or planning the next step in your career, find the detailed salary report of a Banking Associate.
