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As of August 01, 2026, the average salary for a Financial Modeler in Illinois is $80,183 per year, which breaks down to an hourly rate of $39.
However, a Financial Modeler's salary can vary significantly. Here’s a look at the typical salary range:
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Financial Modeler Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $86,184 | $7,182 | $1,657 | $41 |
| Average | $80,183 | $6,682 | $1,542 | $39 |
| 25th Percentile | $74,435 | $6,203 | $1,431 | $36 |
The Shaw Group, LLC - SPRING, TX
Horace Mann - CHERRY HILL, NJ
Horace Mann - LINDENWOLD, NJ
Horace Mann - WILLINGBORO, NJ
A Financial Modeler'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 Financial Modeler'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 |
|---|---|
| Financial... Level Financial Modeler | $68,430 |
| Financial... Level Financial Modeler | $80,582 |
| Financial... Level Financial Modeler | $96,578 |
| Financial... Level Financial Modeler | $116,427 |
| Financial... Level Financial Modeler | $150,160 |
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 Financial Modelers. 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 Financial Modeler roles, the industry you choose can affect earning potential by as much as 10% (the gap between the highest and lowest paying industries). Data shows that the Aerospace & Defense and Business Services sectors offer the strongest compensation, at 5% above the average. In contrast, Financial Modeler positions in Transportation or Software & Networking typically offer lower base pay, as these industries often view Financial Modeler as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Aerospace & Defense | $84,192 | $40.0 | 5% |
| Business Services | $84,192 | $40.0 | 5% |
| Construction | $84,192 | $40.0 | 5% |
| Energy & Utilities | $84,192 | $40.0 | 5% |
| Healthcare | $84,192 | $40.0 | 5% |
Understanding how a Financial Modeler'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 | $86,184 | $7,182 | $1,657 | $41 |
| Average | $80,183 | $6,682 | $1,542 | $39 |
| 25th Percentile | $74,435 | $6,203 | $1,431 | $36 |
Ready to take the next step in your career? Browse thousands of current Financial Modeler job openings on our job board. Use the search bar below to find your perfect match.
Horace Mann
EVESHAM, NJ
Horace Mann | EVESHAM, NJ
Horace Mann seeks a mission-driven Financial Advisor to serve K–12 educators and school employees. In this client-facing role, you will provide personalize... more
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Horace Mann
RIVERTON, NJ
Horace Mann | RIVERTON, NJ
Horace Mann seeks a mission-driven Financial Advisor to serve K–12 educators and school employees. In this client-facing role, you’ll provide holistic guid... more
9 Days Ago
Horace Mann
WESTVILLE, NJ
Horace Mann | WESTVILLE, NJ
Horace Mann seeks a Financial Advisor to provide insurance and retirement solutions tailored to K–12 educators and school employees. In this mission-driven... more
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Year Up United
BLOOMFIELD, PA
Year Up United | BLOOMFIELD, PA
Year Up United seeks motivated interns for our Financial Advisor Training Program within the Banking, Insurance & Investment sector. As a Financial Advisor... more
15 Days Ago
Year Up United
WEST HOMESTEAD, PA
Year Up United | WEST HOMESTEAD, PA
Year Up United seeks motivated interns for our Financial Advisor Training Program within the Banking, Insurance & Investment sector. As a Financial Advisor... more
15 Days Ago
Year Up United
SEWICKLEY, PA
Year Up United | SEWICKLEY, PA
Year Up United seeks motivated interns for our Financial Advisor Training Program within the Banking, Insurance & Investment sector. As a Financial Advisor... more
15 Days Ago
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