Rate Analyst Salary in Illinois
Rate Analyst Salary in Illinois
How much does a Rate Analyst make in Illinois? The average Rate Analyst salary in Illinois is $99,494 as of March 26, 2024, but the range typically falls between $88,541 and $107,529. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.
| Percentile | Salary | Location | Last Updated |
| 10th Percentile Rate Analyst Salary | $78,568 | IL | March 26, 2024 |
| 25th Percentile Rate Analyst Salary | $88,541 | IL | March 26, 2024 |
| 50th Percentile Rate Analyst Salary | $99,494 | IL | March 26, 2024 |
| 75th Percentile Rate Analyst Salary | $107,529 | IL | March 26, 2024 |
| 90th Percentile Rate Analyst Salary | $114,845 | IL | March 26, 2024 |
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What skills does a Rate Analyst need?
Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Futures: Futures are derivative financial contracts obligating the buyer to purchase an asset or the seller to sell an asset at a predetermined future date and set price.
Billing: Billing refers to the aspect of banking, whereby someone is charged accurately for what item they purchased.
Job Description for Rate Analyst
Rate Analyst monitors, reviews, and evaluates service rates and charges for various public utilities. Calculates cost-of-service and performs related rate analysis. Being a Rate Analyst ensures filings comply with the Federal Energy Regulatory Commission requirements. Typically requires a bachelor's degree of business administration or related field. Additionally, Rate Analyst typically reports to a manager or head of a unit/department. The Rate Analyst gains exposure to some of the complex tasks within the job function. Occasionally directed in several aspects of the work. To be a Rate Analyst typically requires 2 to 4 years of related experience. (Copyright 2024 Salary.com)... View full job description
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| Location | Avg. Salary | Date Updated |
|---|---|---|
| Location Cicero, IL | Avg. Salary $102,022 | Date Updated March 26, 2024 |
| Location Mount Prospect, IL | Avg. Salary $101,633 | Date Updated March 26, 2024 |
| Location Abingdon, IL | Avg. Salary $92,102 | Date Updated March 26, 2024 |
| Location Adair, IL | Avg. Salary $92,978 | Date Updated March 26, 2024 |
| Location Addieville, IL | Avg. Salary $94,436 | Date Updated March 26, 2024 |
| Location Addison, IL | Avg. Salary $101,633 | Date Updated March 26, 2024 |
| Location Akin, IL | Avg. Salary $91,616 | Date Updated March 26, 2024 |
| Location Albany, IL | Avg. Salary $90,838 | Date Updated March 26, 2024 |
| Location Albers, IL | Avg. Salary $94,436 | Date Updated March 26, 2024 |
| Location Albion, IL | Avg. Salary $89,476 | Date Updated March 26, 2024 |
Career Path for Rate Analyst
A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.
For Rate Analyst, the first career path typically starts with a Cost Analyst III position, and then progresses to Cost Analyst IV.
Additionally, the second career path typically progresses to Telecommunication Rates Manager.
What does a Rate Analyst do?
Are you an HR manager or compensation specialist?
Salary.com's CompAnalyst platform offers:
- Detailed skills and competency reports for specific positions
- Job and employee pricing reports
- Compensation data tools, salary structures, surveys and benchmarks.
About Illinois
Similar Jobs to Rate Analyst
| Job Title | Experience | EDUCATION | Salary Compared to This Job |
|---|---|---|---|
| Job Title Financial Analyst II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
| Job Title Financial Analyst III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
| Job Title Financial Analyst IV | Experience 7 + | EducationBachelors | Salary Compared to This Job |
| Job Title Telecommunication Rates Analyst I | Experience 0 - 2 | EducationBachelors | Salary Compared to This Job |
| Job Title Telecommunication Rates Analyst II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
Level of Education for Rate Analyst
Jobs with different levels of education may pay very differently. Check the Rate Analyst salary of your education level.
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Browse Related Job Categories With Rate Analyst
A job category is a classification or grouping of job positions that share similar characteristics, functions, or industries. Rate Analyst salary varies from category to category. Click below to see Rate Analyst salary in different categories.
About Illinois Illinois (/ˌɪlɪˈnɔɪ/ (listen) IL-ih-NOY) is a state in the Midwestern and Great Lakes region of the United States. It has the fifth largest gross dome....More
Skills associated with Rate Analyst: Rate Analysis, Continuous Monitoring, Project Scoping, Regulatory Compliance ...More
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