Branch Manager salary, Chicago-Naperville-Elgin, IL-IN

BLS reports Branch Manager within a broader occupation. It does not publish separate wages for this exact title, credentials, seniority or industry. Compare the listed SOC duties with your actual role before using this range.

Employment, area

41,590

Location quotient

1.70

Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025, released 2026-05-15. SOC 11-3031 Financial Managers, Chicago-Naperville-Elgin, IL-IN, IL. BLS source tables and downloads; release notes. Select this SOC and area in the source files; the tables index is not an exact-row link.

What changed since May 2024

The published medians differ by $4,340. Sources: U.S. Bureau of Labor Statistics, OEWS May 2024 and May 2025. This is not an annualized growth claim. Area definitions and the workers represented can change.

What belongs in the pay comparison

OEWS includes straight-time gross wages, guaranteed pay, commissions and production bonuses. It excludes overtime, shift differentials, nonproduction bonuses and employer-paid benefits. It is neither pure base salary nor total compensation. Financial Managers is the occupation benchmark, not a separate CFO or Controller compensation survey. Compare company size, ownership and PE reporting, financial complexity, team scope and decision authority before comparing offers. A controller responsible for the close and audit may have a different remit from a CFO responsible for financing and a sponsor exit. Specify incentives and equity separately; this occupation row cannot price those differences or justify a fixed executive premium.

Read the BLS wage definition and exclusions

Pay up and down the role ladder

BLS uses a different occupation for these related jobs. A higher percentile is not a promotion level. Compare the duties and the SOC before comparing the wages.

• Bank Teller (including float and part-time): SOC 43-3071 Tellers
• Bank Teller (including float and part-time): SOC 43-3071 Tellers
• Universal Banker: SOC 43-4141 New Accounts Clerks
• Personal Banker: SOC 43-4141 New Accounts Clerks
• Assistant Branch Manager (Branch Operations Manager): SOC 43-1011 First-Line Supervisors of Office and Administrative Support Workers

Recruiter's read

Qualitative view from our desk. Not BLS data.

For Branch Manager, discuss the work behind these requirements: Deposit growth, team coaching, BSA and Reg CC/E compliance; community ties. Ask what the person completed themselves and what a manager or specialist reviewed. A system name on a resume does not establish depth in that workflow. The BLS figure describes the listed occupation, not a separately measured rate for this exact opening.

Related areas and roles

• Branch Manager, United States
• All roles in Chicago-Naperville-Elgin, IL-IN
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Download the BLS data (CSV)

Reading this page's BLS evidence

What do the released numbers measure?

For Branch Manager in Chicago-Naperville-Elgin, IL-IN, use the May 2025 Financial Managers occupation benchmark (SOC 11-3031): a annual median of $168,810. This is a broader occupation, not a separately measured wage for the hiring title. BLS reports 41,590 jobs for the occupation here. Employment is not a count of available candidates.

How much room is inside the published band?

The middle half of Financial Managers wages in Chicago-Naperville-Elgin, IL-IN runs from $131,120 at P25 to $220,150 at P75, a width of $89,030. The distance from P25 to the median is $37,690; from the median to P75 it is $51,340. The upper part is wider. Compare an offer against those published points, but do not assign an exact percentile between them or label them junior, senior and manager pay.

How does this estimate compare with the national figure?

The Financial Managers median in Chicago-Naperville-Elgin, IL-IN is $2,240 above the national occupation median of $166,570. Both rows use the same SOC, release and annual basis, not a local title survey paired with a national occupation total. The location quotient is 1.7. It measures employment concentration, not the cause of a wage gap or a cost-of-living adjustment.

Which other metro estimates can you compare?

For comparison with Chicago-Naperville-Elgin, IL-IN, the two nearest published metropolitan internal points are Kankakee, IL ($127,470 annual median for Financial Managers); Niles, MI ($127,650 annual median for Financial Managers). Only metros with a published median for this SOC qualify, so suppression can change the comparison set. Geography uses Census Gazetteer internal points where available, not commuting time or a claim about recruiting reach.

What can the industry rows tell you?

Among the loaded national industry rows for Financial Managers, the highest numeric annual medians are Web Search Portals, Libraries, Archives, and Other Information Services (NAICS 519000), $229,130; Web Search Portals, Libraries, Archives, and Other Information Services (NAICS 519200), $229,130. This ranking excludes suppressed and top-coded medians and covers only the industries loaded for this brand. There is no industry-by-Chicago-Naperville-Elgin, IL-IN wage cut in this dataset. These figures cannot establish a local industry premium.

What changed in the published median?

For Financial Managers in Chicago-Naperville-Elgin, IL-IN, the median was $164,470 in 2024-05 and $168,810 in 2025-05. The difference is $4,340 upward. This subtracts two published estimates; it is not a growth forecast or a same-worker raise. The SOC and area codes match, but the surveyed employment mix can change.

What belongs outside the wage budget?

The Financial Managers benchmark is neither pure base salary nor total compensation. Guaranteed pay, commissions and production bonuses are included in OEWS, so adding all commission again would double-count pay already covered. Overtime, shift differentials, nonproduction bonuses and employer benefits are excluded. Budget those separately where relevant; this Chicago-Naperville-Elgin, IL-IN row provides no amounts for them, equity or relocation.

Questions about this estimate

Census internal points used for comparison geography