Private Wealth Manager Salaries in Illinois
How Much Does a Private Wealth Manager Make in Illinois?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Private Wealth Manager in Illinois is $85,659.
While Salary.com is seeing that Private Wealth Manager salary in IL can go up to $163,416
or down to $45,936, but most earn between $64,866 and $126,360.
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 Private Wealth Manager
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Similar Job Salaries to Private Wealth Manager by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
William Blair
Private Wealth Management Middle Office Senior Manager - Reporting
|
$98,929/yr
|
RANGE: $88,340 - $109,518
|
|
Bank of Montreal
Private Wealth Advisor / Director
|
$98,699/yr
|
RANGE: $88,135 - $109,264
|
|
Jobleads-US
Private Wealth Tax Expert
|
$85,086/yr
|
RANGE: $78,741 - $91,430
|
|
BMO Financial Group
Private Wealth Advisor Director
|
$98,929/yr
|
RANGE: $88,340 - $109,518
|
|
BMO US
Private Wealth Advisor / Director
|
$98,699/yr
|
RANGE: $88,135 - $109,264
|
|
Deerpath Capital
Director, Global Private Wealth
|
$182,079/yr
|
RANGE: $166,468 - $197,690
|
|
Bank of America
Private Wealth Client Associate
|
$93,953/yr
|
RANGE: $83,720 - $104,186
|
|
Bank of America
Private Wealth Management Specialist
|
$81,302/yr
|
RANGE: $72,404 - $90,199
|
|
Katten Muchin Rosenman LLP
Private Wealth Legal Executive Assistant
|
$73,725/yr
|
RANGE: $65,461 - $81,989
|
Top 10 Highest Paying Cities For Private Wealth Manager Jobs in Illinois
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Private Wealth Manager can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Private Wealth Manager job salaries in Illinois.
Some cities can pay higher salaries for Private Wealth Manager jobs, which can indicate that there is a large demand for Private Wealth Manager positions in this city.
The following table shows top 10 cities where the Private Wealth Manager salary is higher than other cities in Illinois.
Chicago takes first place in this list, followed by Cicero, Oak Park.
The Private Wealth Manager salary is $86,844 in Chicago,
which is higher than the national average. There are 20 cities' Private Wealth Manager salary higher than national average in Illinois.
The average salary for a Private Wealth Manager in Illinois is $85,659,
but we found that the city with the highest salary for Private Wealth Manager jobs is Chicago, IL, and it is higher than Cicero.
Private Wealth Manager 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 | $86,844 | $7,237 | $1,670 | $42 |
| Cicero | $86,844 | $7,237 | $1,670 | $42 |
| Oak Park | $86,844 | $7,237 | $1,670 | $42 |
| Evanston | $86,810 | $7,234 | $1,669 | $42 |
| Skokie | $86,810 | $7,234 | $1,669 | $42 |
| Oak Lawn | $86,743 | $7,229 | $1,668 | $42 |
| Des Plaines | $86,608 | $7,217 | $1,666 | $42 |
| Mount Prospect | $86,541 | $7,212 | $1,664 | $42 |
| Aurora | $86,171 | $7,181 | $1,657 | $41 |
| Hoffman Estates | $86,096 | $7,175 | $1,656 | $41 |
What Does a Private Wealth Manager Do?
So what distinguishes private wealth management from other financial services? Let’s take a closer look.
Updated December 22, 2021
A private wealth manager, however, would then implement that plan and manage the client’s portfolio. Essentially, private wealth managers can provide the services of both a financial planner and an investment advisor, specifically to affluent individuals.
Updated October 31, 2021
Private wealth management services can be provided by banks and large brokerage houses, independent financial advisers, or multi-licensed.
Updated December 22, 2021
Your private wealth manager will take all of this information into account for your financial plan and investment strategy.
Updated December 20, 2021
Private wealth management is an investment advisory practice focused on serving the unique needs of wealthy individuals.
Updated December 19, 2021
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Explore JobArchitectFrequently Asked Questions About a Private Wealth Manager Salaries
What is the average of a Private Wealth Manager in Illinois?
The Private Wealth Manager salary range is from $64,866 to $126,360, and the average Private Wealth Manager salary is $85,659/year in Illinois.
The Private Wealth Manager's salary will change in different locations.
Which location pays the highest Private Wealth Manager salary in the United States?
The Private Wealth Manager salary in San Jose, CA is $105,996
which is the highest in the US.
What kinds of reasons will influence the Private Wealth Manager'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 Private Wealth Manager.
What is the growth rate of the Private Wealth Manager's salary?
If you are thinking of becoming a Private Wealth Manager or planning the next step in your career, find the detailed salary report of a Private Wealth Manager.
