Managing Broker Salary in Springfield, Illinois

How much does a Managing Broker make in Springfield, IL?

As of April 01, 2025, the average annual salary for a Managing Broker in Springfield, IL is $238,108. Salary.com reports that pay typically ranges from $192,205 to $297,418, with most professionals earning between $150,412 and $351,415.

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Salary range for an Managing Broker

$192,205 to $297,418

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Managing Broker

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Job Openings for Managing Broker in Springfield, IL

What does a Managing Broker do?

Common responsibilities of a Managing Broker

Provide effective and efficient working conditions, space, equipment, and a positive environment that will maximize the effectiveness of sales associates and employees in accomplishing the objectives of the branch office.

January 08, 2023

Manage all tasks associated with acquisition (operate as a project manager, as tasks may not be executed exclusively by this role, such as setting goals, ideal agent profiles, online and print marketing, drip campaigns, retargeting, CRM management, Broker Metrics analytics, outbound calls, inbound calls, initial discovery call, face to face appointments, company document review, invitations to events/classes, follow-up, follow-through, offer letter, tracking KPIs).

March 25, 2023

Train agents and create an efficient system to hold them accountable.

March 30, 2023

Develop, recommend, and implement programs and long range objectives designed to enhance the business strategy and enable it to achieve its goals relative to profitability, cost control, and organizational effectiveness with regard to new construction, market share, listing inventory, existing home sales, and other issues as appropriate.

April 16, 2023

Recruit, select, train, motivate and retain associates and support staff for the successful performance of the branch office and contribute to fulfilling the company-wide objectives.

April 29, 2023

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Managing Broker Salary By Experience Levels in Springfield, IL

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Managing Broker Salary By Level of Education in Springfield, IL

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LEVEL OF EDUCATION

Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.

Average Salary Range for Managing Broker in Springfield, IL

Average Base Salary

Core compensation

192205

297418

238108

Average Total Cash Compensation

Includes base and annual incentives

211987

397292

277274

What is the average salary for Managing Broker in 2025?

These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Managing Broker in Springfield, IL. The base salary for Managing Broker ranges from $192,205 to $297,418 with the average base salary of $238,108. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $211,987 to $397,292 with the average total cash compensation of $277,274.

View Average Salary for Managing Broker as table

	Average Salary	Average Salary Range
Base Salary	$238,108	$192,205 - $297,418
Bonus	$39,165	$19,783 - $99,874
Total Pay	$277,274	$211,987 - $397,292

* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.

* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Managing Broker Salary Near Springfield, IL

CITY, STATE	AVERAGE SALARY RANGE	COMPARE TO Springfield, IL
CITY, STATE Normal, IL	AVERAGE SALARY RANGE $188,682 - $291,967	COMPARE TO Springfield, IL
CITY, STATE Bloomington, IL	AVERAGE SALARY RANGE $189,458 - $293,168	COMPARE TO Springfield, IL
CITY, STATE Peoria, IL	AVERAGE SALARY RANGE $189,299 - $292,921	COMPARE TO Springfield, IL
CITY, STATE Champaign, IL	AVERAGE SALARY RANGE $194,414 - $300,836	COMPARE TO Springfield, IL
CITY, STATE Florissant, MO	AVERAGE SALARY RANGE $191,966 - $297,048	COMPARE TO Springfield, IL
CITY, STATE Saint Louis, MO	AVERAGE SALARY RANGE $192,284 - $297,541	COMPARE TO Springfield, IL

See salaries for Managing Broker in locations close to Springfield, IL. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

About Springfield, Illinois

Springfield is the capital of the U.S. state of Illinois and the county seat of Sangamon County. The city's population of 116,250 as of the 2010 U.S. Census makes it the state's sixth most populous city. It is the largest city in central Illinois. As of 2013, the city's population was estimated to have increased to 117,006, with just over 211,700 residents living in the Springfield Metropolitan Statistical Area, which includes Sangamon County and the adjacent Menard County. Present-day Springfield was settled by European Americans in the late 1810s, around the time Illinois became a state. The...

Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia

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The Managing Broker job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Springfield, IL that might be a good fit for the type of job and salary you are looking for.

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