Business Professor (Postsecondary) Salary in Chicago, IL
2024 BLS OEWS Data · Education · COL Index: 107.3
$81,290
Median Salary
$102,640
Mean Salary
$75,760
COL-Adjusted
2,230
Employment
Salary Distribution
Percentile Breakdown
| Percentile | Salary | COL-Adjusted |
|---|---|---|
| 10th Percentile (Entry Level) | $36,370 | $33,896 |
| 25th Percentile | $51,480 | $47,978 |
| 50th Percentile (Median) | $81,290 | $75,760 |
| 75th Percentile | $128,300 | $119,571 |
| 90th Percentile (Top Earners) | $208,270 | $194,101 |
What Drives the Range
The $171,900 spread between the 10th and 90th percentiles for Business Professor (Postsecondary) positions in Chicago, IL reflects several factors. Entry-level professionals and those in smaller organizations typically fall in the lower quartiles, while senior specialists, those with in-demand certifications, and employees at large enterprises command salaries in the upper percentiles.
Chicago, IL's cost-of-living index of 107.3 means that a $81,290 median salary here has the same purchasing power as $75,760 in an average-cost U.S. city. The relatively moderate cost of living makes this a competitive market for purchasing power.