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As of August 01, 2026, the average salary for a Private Equity Manager in Illinois is $148,195 per year, which breaks down to an hourly rate of $71.
However, a Private Equity Manager's salary can vary significantly. Here’s a look at the typical salary range:
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Private Equity Manager Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $160,998 | $13,417 | $3,096 | $77 |
| Average | $148,195 | $12,350 | $2,850 | $71 |
| 25th Percentile | $138,528 | $11,544 | $2,664 | $67 |
The Alexander Group - Chicago, IL
Lyra Technology Group - Chicago, IL
Winston & Strawn LLP - Chicago, IL
Confidential - Chicago, IL
A Private Equity Manager'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 Private Equity Manager'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 |
|---|---|
| Control &... Level Private Equity Manager | $107,046 |
| Control &... Level Private Equity Manager | $121,684 |
| Private E... Level Private Equity Manager | $148,867 |
| Control &... Level Private Equity Manager | $163,772 |
| Control &... Level Private Equity Manager | $166,646 |
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 Private Equity Managers. 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 Private Equity Manager roles, the industry you choose can affect earning potential by as much as 95% (the gap between the highest and lowest paying industries). Data shows that the Software & Networking and Pharmaceuticals sectors offer the strongest compensation, at 40% above the average. In contrast, Private Equity Manager positions in Transportation or Telecom typically offer lower base pay, as these industries often view Private Equity Manager as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Software & Networking | $207,473 | $100.0 | 40% |
| Pharmaceuticals | $192,654 | $93.0 | 30% |
| Biotechnology | $185,244 | $89.0 | 25% |
| Energy & Utilities | $177,834 | $85.0 | 20% |
| Healthcare | $170,424 | $82.0 | 15% |
Understanding how a Private Equity Manager'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 | $160,998 | $13,417 | $3,096 | $77 |
| Average | $148,195 | $12,350 | $2,850 | $71 |
| 25th Percentile | $138,528 | $11,544 | $2,664 | $67 |
Ready to take the next step in your career? Browse thousands of current Private Equity Manager job openings on our job board. Use the search bar below to find your perfect match.
Confidential
Chicago, IL
Confidential | Chicago, IL
Vice President, Private Equity. About the Company. A Chicago-based private equity firm specializing in lower-middle market industrials investments. Industr... more
6 Days Ago
Providence Real Estate
Wilmette, IL
Providence Real Estate | Wilmette, IL
Job Description. Job Description. Providence Real Estate is seeking a Private Equity Financial Analyst to support acquisitions, asset management, fund repo... more
6 Days Ago
5 Legal
Chicago, IL
5 Legal | Chicago, IL
Job Description. Job Description. One of Fortune’s Best Places to Work and top 50 AmLaw firm, is seeking a debt finance-focused associate to join their Fir... more
7 Days Ago
Consulting Point
Chicago, IL
Consulting Point | Chicago, IL
A fast-growing strategy and transaction advisory consultancy is expanding its Business & Professional Services practice and is seeking Associate Partner ta... more
6 Days Ago
GCM Grosvenor
Chicago, IL
GCM Grosvenor | Chicago, IL
Fund Controller:Private Equity, Real Estate and InfrastructureThe individual will be responsible for performing the fund accounting and analysis functions ... more
3 Days Ago
Confidential
Chicago, IL
Confidential | Chicago, IL
Managing Director, Private Equity Client Coverage. About the Company. Prominent strategic advisory consultancy. Industry. Management Consulting. Type. Priv... more
5 Days Ago
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