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Model Risk Management

Model Risk Management Salary in Chicago, IL

$37.6K

$79.9K

$142.8K

$84,879

/year

$40.81

/hour

Model Risk Management Salary Comparison by Location

Nationwide

United States

$82,330

Chicago

Illinois

$84,879

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    How much does a Model Risk Management make in Chicago, Illinois?

    As of Aug 15, 2026, the average annual pay for a Model Risk Management in Chicago is $84,879 a year.

    Just in case you need a simple salary calculator, that works out to be approximately $40.81 an hour. This is the equivalent of $1,632/week or $7,073/month.

    While ZipRecruiter is seeing salaries as high as $142,788 and as low as $37,630, the majority of Model Risk Management salaries currently range between $64,400 (25th percentile) to $93,300 (75th percentile) with top earners (90th percentile) making $134,024 annually in Chicago. The average pay range for a Model Risk Management varies greatly (by as much as 28900), which suggests there may be many opportunities for advancement and increased pay based on skill level, location and years of experience.

    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 5 Best Paying Related Model Risk Management Jobs in Chicago

    We found a few jobs that pay more than jobs in the Model Risk Management category in Chicago, IL.

    For example Chief Investment Strategist Fixed Income Value Strategies jobs pay as much as $59,204 (69.8%) more than the average Model Risk Management salary of $84,879. If you're qualified, finding work as a Chief Investment Strategist Fixed Income Value Strategies may help you make more money than that of the average Model Risk Management position.

    Job Title

    Annual Salary

    Hourly Wage

    Chief Investment Strategist Fixed Income Value Strategies

    $144,083

    $69.27

    Charles Schwab Financial Advisor

    $104,494

    $50.24

    Certified Divorce Financial Analyst

    $90,767

    $43.64

    Bp Executives

    $66,449

    $31.95

    Financial Advisor Administrative Assistant

    $50,017

    $24.05

    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 Chicago, IL as of August 2026. Displays a bar chart with salary percentiles, a city average salary of $64,400 to $134,024 or $40.81 an hour, and top 5 highest paying related Model Risk Management Jobs in Chicago.
    All SalariesModel Risk Management SalaryModel Risk Management Salary in Chicago, IL