As of May 18, 2021, the average salary for a Licensing Manager in Illinois is $91,516 per year, which breaks down to an hourly rate of $44.
However, a Licensing Manager's salary can vary significantly. Here’s a look at the typical salary range:
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Licensing Manager Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $98,941 | $8,245 | $1,903 | $48 |
| Average | $91,516 | $7,626 | $1,760 | $44 |
| 25th Percentile | $81,781 | $6,815 | $1,573 | $39 |
Envision Unlimited - Chicago, IL
Morningstar - Rolling Meadows, IL
Morningstar - Burnham, IL
Morningstar - Elmwood Park, IL
A Licensing Manager's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Experience is a primary driver of a Licensing Manager's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Entry Level Licensing Manager | $87,797 |
| Intermediate Level Licensing Manager | $88,245 |
| Senior Level Licensing Manager | $89,291 |
| Specialist Level Licensing Manager | $90,485 |
| Expert Level Licensing Manager | $92,310 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Licensing Managers. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
Understanding how a Licensing Manager's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $98,941 | $8,245 | $1,903 | $48 |
| Average | $91,516 | $7,626 | $1,760 | $44 |
| 25th Percentile | $81,781 | $6,815 | $1,573 | $39 |
For a Licensing Manager, the most direct path to higher earnings is advancing to the Branch Manager - Insurance role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $128,248 - a projected growth of 40% over your current level.
Ready to take the next step in your career? Browse thousands of current Licensing Manager job openings on our job board. Use the search bar below to find your perfect match.
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