Business Professors Pay Range in Illinois
Pay distribution across experience levels
- 10th Percentile — Entry Level$37,590
- 25th Percentile — Junior$58,130
- 50th Percentile — Median$94,770
- 75th Percentile — Senior$141,710
- 90th Percentile — Top Earners$215,800
Half of Business Professors in Illinois earn more than $94,770. The top 10% make $215,800 or more, while entry-level workers start around $37,590.
Business Professors in Illinois: Key Facts
Source: BLS OEWS May 2025
- Illinois ranks 29th of 51 states for Business Professors pay, at $108,900 per year (5.1% below the U.S. average of $114,720).
- 3,580 people work as Business Professors in Illinois — 4.4% of all U.S. Business Professors jobs.
- Location quotient 1.11: Business Professors jobs are more concentrated in Illinois than in the U.S. overall.
- Pay range: the lowest-paid 10% earn under $37,590; the top 10% earn over $215,800.
- Hourly equivalent: $52.36 per hour (2,080 hours/year).
- The highest-paying state is Alaska at $181,700.
- Among education jobs in Illinois, Biological Science Professors pays the most ($108,130).
Business Professors Job Market in Illinois
Key factors affecting compensation
Illinois's key industries are Finance, Manufacturing, Agriculture, and its job market is rated strong. Business Professors here earn $108,900 on average, placing the state 29th nationally.
With a cost-of-living index of 1.05 (U.S. = 1.00), a Illinois salary of $108,900 is roughly equivalent to $103,714 at the national average cost of living.
Compared with nearby states in the pay ranking, Nebraska ($110,100), Tennessee ($109,730), Montana ($109,550) are the closest alternatives for Business Professors weighing a move.
U.S. Bureau of Labor Statistics · Occupational Employment and Wage Statistics (OES) · May 2025
Other Education Jobs in Illinois
Related career salary benchmarks
- Biological Science Professors $108,130/yr Illinois 0.7% vs this role
- Computer Science Professors $103,710/yr Illinois 4.8% vs this role
- Chemistry Professors $100,070/yr Illinois 8.1% vs this role
- Secondary School Teachers $89,320/yr Illinois 18.0% vs this role
- Mathematical Science Professors $82,100/yr Illinois 24.6% vs this role
- English Language Professors $80,140/yr Illinois 26.4% vs this role
- Instructional Coordinators $76,590/yr Illinois 29.7% vs this role
- Middle School Teachers $75,870/yr Illinois 30.3% vs this role
Frequently Asked Questions
Common questions about this salary
What is the average Business Professors salary in Illinois?
The average Business Professors salary in Illinois is $108,900 per year (median $94,770), which is 5.1% below the national average of $114,720.
How does Illinois rank for Business Professors pay?
Illinois ranks 29th out of 51 states. The highest-paying state is Alaska ($181,700/yr).
How much do entry-level Business Professors make in Illinois?
The lowest-paid 10% of Business Professors in Illinois earn about $37,590 per year and the 25th percentile is $58,130.
How much do Business Professors make per hour in Illinois?
About $52.36 per hour, based on the $108,900 annual average and 2,080 working hours per year.
How many Business Professors work in Illinois?
BLS counts 3,580 Business Professors jobs in Illinois (OEWS May 2025).
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