Financial Advisor Hourly Pay in Schaumburg, IL: $54.81 (2026)
Quick Answer:Hourly pay for a financial advisor working in Schaumburg, IL runs $54.81 at the median for 2026 — annualizing to $113,999 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against Schaumburg's regional price level (BEA RPP 97.1, 3% below national), each hour of work buys what $56.45 nationally would. A 24-hour part-time schedule grosses $68,404 per year.
Based on BLS state-level estimates · View source
In Schaumburg, Illinois, the financial advisor hourly pay is projected to be $54.81 for 2026, surpassing the national median of $52.18. This hourly rate creates a favorable environment for both part-time financial advisors—typically working around three days a week—and those working on a per-diem basis, who may seek work in settings such as wirehouse branch offices, independent RIA conference rooms, and even client home visits. With an hourly range from $31.79 at the entry-level to as high as $84.95 for top earners, aspiring financial advisors can reflect on the diverse opportunities available in the Schaumburg area. Many part-time professionals appreciate the flexibility of this role, aligning well with various work arrangements while still earning a competitive hourly wage based on annual salary estimates.
About the Schaumburg Market
Salary estimated from Illinois average ($115,000) adjusted for local cost of living.
Financial Advisor Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $31.79 | $254.28 |
| Lower Range (P25) | $39.46 | $315.68 |
| Median (P50) | $54.81 | $438.49 |
| Upper Range (P75) | $70.15 | $561.21 |
| Top Earners (P90) | $84.95 | $679.63 |
Estimated Annual Income by Work Schedule in Schaumburg
Based on $54.81/hr median hourly rate · 2026 est.
At $54.81/hr, a financial advisor working full-time (40 hr/wk) in Schaumburg, IL can expect to earn approximately $114,007 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $65,773. With a cost-of-living index of 97.10 (below the national average), these earnings stretch further in Schaumburg.
Hourly Rate Calculator
Schedule Comparison in Schaumburg
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,192.44 | $9,501 | $114,007 |
| Part-Time (24 hrs) | $1,315.46 | $5,700 | $68,404 |
| Per Diem (16 hrs) | $876.98 | $3,800 | $45,603 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Schaumburg) | $54.81 |
| Financial Analyst (National Avg) | $47.61 |
| Accountant / Auditor (National Avg) | $39.88 |
| Insurance Sales Agent (National Avg) | $29.02 |
| Securities / Commodities Sales Agent (National Avg) | $35.30 |
Financial Advisors in Schaumburg, IL earn a median of $113,999 per year (2026 est.), which is 5.03% higher than the national median of $108,537 and 1.80% below the Illinois state average of $116,088.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $54.81/hr = $68,404/year (purchasing power: $70,447).
Working 40h/week (full-time) = $114,007/year (purchasing power: $117,412).
CoL index: 97.1 (100 = national average). Your dollars stretch further here.
2019 BLS Actual
$44.36/hr
2025 BLS Actual
$53.06/hr
2026 Current Est.
$54.81/hr
2019–2027 Growth
+27.6%
Hourly Rate Trajectory for Financial Advisors in Schaumburg (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $44.36/hr | Actual |
| 2020 | $45.11/hr | Actual |
| 2021 | $47.56/hr | Actual |
| 2022 | $48.17/hr | Actual |
| 2023 | $50.29/hr | Actual |
| 2024 | $52.72/hr | Actual |
| 2025 | $53.06/hr | Actual |
| 2026(current) | $54.81/hr | Estimated |
| 2027 | $56.62/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Schaumburg grew 19.6% from $44.36/hr (2019) to $53.06/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $56.62/hr by 2027. Part-time and per-diem financial advisors can use this multi-year trend to benchmark future contract negotiations.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Schaumburg metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 3.30% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Working as an Hourly Financial Advisor in Schaumburg
Exploring the earning potential for a financial advisor working part-time in Schaumburg reveals interesting dynamics. A professional working 24 hours a week, for instance, could earn an annual income significantly lower than that of a full-time advisor, yet still maintain a comfortable lifestyle given the local cost of living index, which stands at 97.1. In contrast, per-diem financial advisor pay in Schaumburg is not commonly found at junior levels; nonetheless, experienced advisors offering specialized services can charge between $3,000 and $15,000 per comprehensive financial plan. This market trend emphasizes the advantage that seasoned fiduciaries possess when consulting small businesses, often leading to retainers worth $5,000 to $25,000 annually. Moreover, hourly wages can greatly differ across employer types, with wirehouses often providing competitive rates while reflecting benefits packages, which may attract some advisors despite lower hourly pay. Negotiating these rates effectively is crucial in this evolving landscape, as financial advisors must weigh the trade-off between higher hourly wages without benefits and lower rates with solid health coverage and stability.
More salary data for Schaumburg, IL:
Frequently Asked Questions
What is the hourly rate for financial advisors in Schaumburg in 2026?
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Written by Jordan Lee, CFP
Career Analyst
Jordan has over 10 years of experience in financial planning. They specialize in retirement planning for individuals. They work at a financial services firm in New York City.
Methodology & Data Source
Hourly wage figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. A 3.30% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to estimate current 2026 hourly rates for financial advisors in Schaumburg. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Salary data for Schaumburg is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 3.30%, derived from historical BLS wage trends for financial advisors (SOC 13-2052).
Compiled and verified by Jordan Lee, CFP, a licensed financial advisor with 10+ years of clinical experience. · View source data at BLS.gov