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As of August 01, 2026, the average salary for an Institutional Research Analyst in Illinois is $101,810 per year, which breaks down to an hourly rate of $49.
However, an Institutional Research Analyst's salary can vary significantly. Here’s a look at the typical salary range:
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Institutional Research Analyst Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $109,828 | $9,152 | $2,112 | $53 |
| Average | $101,810 | $8,484 | $1,958 | $49 |
| 25th Percentile | $90,786 | $7,565 | $1,746 | $44 |
Loyola Marymount University - Aurora, IL
The University of Chicago - Chicago, IL
SYLVER CONSULTING LLC - Evanston, IL
Confidential - LAS VEGAS, NV
An Institutional Research 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 and company size can directly affect your earning potential.
Experience is a primary driver of an Institutional Research 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:
| Levels | Salary |
|---|---|
| Operation... Level Institutional Research Analyst | $71,879 |
| Operation... Level Institutional Research Analyst | $89,066 |
| Instituti... Level Institutional Research Analyst | $102,576 |
| Operation... Level Institutional Research Analyst | $117,844 |
| Operation... Level Institutional Research Analyst | $137,996 |
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 Institutional Research Analysts. 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 Institutional Research Analyst roles, the industry you choose can affect earning potential by as much as 80% (the gap between the highest and lowest paying industries). Data shows that the Aerospace & Defense and Biotechnology sectors offer the strongest compensation, at 40% above the average. In contrast, Institutional Research Analyst positions in Insurance or Internet typically offer lower base pay, as these industries often view Institutional Research Analyst as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Aerospace & Defense | $142,534 | $69.0 | 40% |
| Biotechnology | $137,444 | $66.0 | 35% |
| Business Services | $132,353 | $64.0 | 30% |
| Chemicals | $127,263 | $61.0 | 25% |
| Construction | $122,172 | $59.0 | 20% |
Understanding how an Institutional Research 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.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $109,828 | $9,152 | $2,112 | $53 |
| Average | $101,810 | $8,484 | $1,958 | $49 |
| 25th Percentile | $90,786 | $7,565 | $1,746 | $44 |
Ready to take the next step in your career? Browse thousands of current Institutional Research Analyst job openings on our job board. Use the search bar below to find your perfect match.
Confidential
RENO, NV
Confidential | RENO, NV
Executive Director of Institutional Research. About the Company. Pioneering higher education institution. Industry. Higher Education. Type. Educational Ins... more
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KNOXVILLE, TN
Confidential | KNOXVILLE, TN
Associate Vice President for Institutional Research & Analysis. About the Company. Tennessee's land-grant university system serving students and advancing ... more
1 Month Ago
Confidential
NEW YORK, NY
Confidential | NEW YORK, NY
Vice President, Equity Research Analyst, Impact Investing. About the Company. Globally-recognized investment management firm. Industry. Financial Services.... more
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Confidential
SAN FRANCISCO, CA
Confidential | SAN FRANCISCO, CA
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BOWIE, MD
Confidential | BOWIE, MD
Vice President of Institutional Giving. About the Company. Distinguished charity organization assisting individuals & families impacted by epilepsy & seizu... more
1 Day Ago
Confidential
HOUSTON, TX
Confidential | HOUSTON, TX
Vice President of Institutional Giving. About the Company. Distinguished charity organization assisting individuals & families impacted by epilepsy & seizu... more
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