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Model Risk Management

Model Risk Management Salary in Illinois

$35.4K

$75.1K

$134.2K

$79,780

/year

$38.36

/hour

Model Risk Management Salary Comparison by Location

Nationwide

United States

$82,330

Illinois

Illinois

$79,780

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    How much does a Model Risk Management make in Illinois?

    As of Aug 16, 2026, the average annual pay for a Model Risk Management in Illinois is $79,780 a year.

    Just in case you need a simple salary calculator, that works out to be approximately $38.36 an hour. This is the equivalent of $1,534/week or $6,648/month.

    While ZipRecruiter is seeing salaries as high as $134,210 and as low as $35,369, the majority of Model Risk Management salaries currently range between $60,600 (25th percentile) to $87,700 (75th percentile) with top earners (90th percentile) making $125,973 annually in Illinois. The average pay range for a Model Risk Management varies greatly (by as much as 27100), which suggests there may be many opportunities for advancement and increased pay based on skill level, location and years of experience.

    Illinois ranks number 50 out of 50 states nationwide for Model Risk Management salaries.

    To estimate the most accurate annual salary range for Model Risk Management jobs, ZipRecruiter continuously scans its database of millions of active jobs published locally throughout America.

    Find your next high paying job as a Model Risk Management on ZipRecruiter today.

    What are Top 10 Highest Paying Cities for Model Risk Management Jobs in Illinois

    We've identified 10 cities where the typical salary for a Model Risk Management job is above the average in Illinois in Illinois. Topping the list is Pana, , with Edgewood, and Chicago, close behind in the second and third positions. Chicago, beats the average in Illinois by $5,099 (6.4%), and Pana, furthers that trend with another $10,629 (13.3%) above the $79,780 average.

    With these 10 cities paying on average above the average for Illinois, the opportunities for economic advancement by changing locations as a Model Risk Management appears to be exceedingly fruitful.

    Finally, another factor to consider is the average salary for these top 10 cities varies very little at 9% between Pana, and Shelbyville, , reinforcing the limited potential for much wage advancement. The possibility of a lower cost of living may be the best factor to use when considering location and salary for a Model Risk Management role.

    City

    Annual Salary

    Hourly Wage

    Pana

    $90,409

    $43.47

    Edgewood

    $88,073

    $42.34

    Chicago

    $84,879

    $40.81

    Deerfield

    $83,724

    $40.25

    Northbrook

    $83,564

    $40.17

    Urbana

    $82,860

    $39.84

    Mason

    $82,563

    $39.69

    Champaign

    $82,450

    $39.64

    Sidney

    $82,366

    $39.60

    Shelbyville

    $82,338

    $39.59

    What are Top 5 Best Paying Related Model Risk Management Jobs in Illinois

    Analyzing similar jobs related to the Model Risk Management job category in Illinois, we found 5 that were relevant. However, none pay more than the $79780 state average for Model Risk Management jobs.

    Job Title

    Annual Salary

    Hourly Wage

    Chief Fiduciary Officer

    $161,353

    $77.57

    Virtual Chief Information Officer

    $154,528

    $74.29

    Chief Investment Strategist Fixed Income Value Strategies

    $135,534

    $65.16

    Bp Executives

    $62,459

    $30.03

    Financial Advisor Administrative Assistant

    $47,050

    $22.62

    About Our Data

    ZipRecruiter salary estimates, histograms, trends and comparisons are derived from both employer job postings and third party data sources.

    Infographic detailing Model Risk Management salary in Illinois as of August 2026. Shows a bar chart with salary percentiles ranging from $60,600 to $125,973 annually, with the Illinois average at $79,780 per year or $38.36 per hour. Includes a list of the top 10 highest paying cities in Illinois for Model Risk Management jobs, with Pana leading at $90,409 annually.
    All SalariesModel Risk Management SalaryModel Risk Management Salary in Illinois