Business Professor Salary in Chicago, IL
Bureau of Labor Statistics OEWS Survey
Median Annual Salary
$107,411
Hourly Rate
$51.64
/hour
Jobs in Area
94
employed
Business Professor Salary Range in Chicago, IL
Annual Salary Range
$69k
10th percentile
$86k
25th
$131k
75th
$153k
90th percentile
Salary Breakdown by Percentile
| Percentile | Annual Salary | Hourly Rate |
|---|---|---|
| 10th Percentile (Entry Level) | $69,474 | $33.40 |
| 25th Percentile | $86,483 | $41.58 |
| Median (50th Percentile) | $107,411 | $51.64 |
| 75th Percentile | $130,790 | $62.88 |
| 90th Percentile (Top Earners) | $153,387 | $73.74 |
| Average (Mean) | $117,296 | $56.39 |
Frequently Asked Questions
The average Business Professor salary in Chicago, IL is $107,411 per year or $51.64 per hour as of 2023. This is based on data from the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics survey.
About This Data
Salary data is sourced from the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey for 2023. The geographic area covered is the Chicago-Naperville-Elgin Metropolitan Statistical Area.
Last updated: 1/14/2026
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How Chicago, IL Compares
vs National Average
$102,420
vs Illinois Average
$105,235
Cost-of-Living Adjusted
$101,908
Cost of living in Chicago, IL is 5.4% above the national average.
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