Incentive Compensation Manager Salary in Illinois

How much does an Incentive Compensation Manager make in Illinois? As of September 01, 2026, the average salary for an Incentive Compensation Manager in Illinois is $139,183 per year, which breaks down to an hourly rate of $67.

However, an Incentive Compensation Manager's salary can vary significantly. Here's a look at the typical salary range:

  • Top Earners (90th percentile): $163,396
  • Majority Range (25th-75th percentile): $127,484 to $151,857
  • Entry-Level (10th percentile): $116,832

Key Factors That Influence Incentive Compensation Manager Salaries

An Incentive Compensation 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.

How Experience Level Affects Incentive Compensation Manager Salaries?

Experience is a primary driver of an Incentive Compensation 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:

  • Entry-Level (less than 1 year): $176,496
  • Early Career (1-2 years): $117,223
  • Mid-Level (2-4 years): $136,543
  • Senior-Level (5-8 years): $180,805
  • Expert (over 8 years): $204,830
Job RoleYears of ExperienceAverage Salary
Compensation and Benefits Analyst V less than 1 year $176,496
Compensation and Benefits Supervisor 1-2 years $117,223
Incentive Compensation Manager 2-4 years $136,543
Compensation and Benefits Manager, Senior 5-8 years $180,805
Compensation and Benefits Director over 8 years $204,830

Top Paying Cities for Incentive Compensation Manager

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:

  • Effingham: $128,299
  • Saint Peter: $128,123
  • Salem: $128,610

Incentive Compensation Manager Salary by Industry: Top Paying Sectors

For Incentive Compensation Manager roles, the industry you choose can affect earning potential by as much as 45% (the gap between the highest and lowest paying industries). Data shows that the Financial Services and Insurance sectors offer the strongest compensation, at 20% above the average. In contrast, Incentive Compensation Manager positions in Hospitality & Leisure or Transportation typically offer lower base pay, as these industries often view Incentive Compensation Manager as a support function rather than a direct revenue driver.

The top paying industries for an Incentive Compensation Manager

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Financial Services $167,020 $80.0 20%
Insurance $167,020 $80.0 20%
Pharmaceuticals $167,020 $80.0 20%
Aerospace & Defense $160,061 $77.0 15%
Biotechnology $153,102 $74.0 10%

Incentive Compensation Manager Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how an Incentive Compensation 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.

  • Yearly
  • Monthly
  • Weekly
  • Hourly
  • Table View
Last Updated on September 01, 2026
$127,484
Average $139,183/year
$151,857
$10,624
Average $11,599/month
$12,655
$2,452
Average $2,677/week
$2,920
$61
Average $67/hour
$73
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $151,857 $12,655 $2,920 $73
Average $139,183 $11,599 $2,677 $67
25th Percentile $127,484 $10,624 $2,452 $61

Find Your Next Incentive Compensation Manager Job

Ready to take the next step in your career? Browse thousands of current Incentive Compensation Manager job openings on our job board. Use the search bar below to find your perfect match.

  • Vertisystem (A MOURI Tech Company) | Chicago, IL

    Vertisystem (A MOURI Tech Company) | Chicago, IL

    Job Title: Sr. Compensation Manager. Location. Chicago, IL – Hybrid (2 days from home Monday and Friday). Job Type. Contract | 12 Months. Schedule. Monday–... more

    3 Days Ago

  • Russell Tobin | Chicago, IL

    Russell Tobin | Chicago, IL

    Title. Senior Compensation Manager. Location. Chicago, IL – Hybrid (Monday & Friday remote). Schedule. Monday–Friday, 8:00 AM–5:00 PM. Contract. 1 year W2.... more

    2 Days Ago

  • CorVel Healthcare Corporation | Downers Grove, IL

    CorVel Healthcare Corporation | Downers Grove, IL

    Job Description. Job Description. The Workers' Compensation Product Manager is a pivotal role in ensuring the accuracy, efficiency, and effectiveness of ou... more

    3 Days Ago

  • National Insurance Crime Bureau | Oak Brook, IL

    National Insurance Crime Bureau | Oak Brook, IL

    With a 110-year heritage, the National Insurance Crime Bureau (NICB) is the nation's premier not-for-profit organization dedicated exclusively to fighting ... more

    6 Days Ago

  • Summus Holdings | Mundelein, IL

    Summus Holdings | Mundelein, IL

    Job TypeFull-timeDescriptionJOB PURPOSE or JOB Summary:The Compensation & Benefits Manager is a strategic HR leader responsible for shaping and executing S... more

    6 Days Ago

  • Endeavor Health | Arlington Heights, IL

    Endeavor Health | Arlington Heights, IL

    RN Case Manager, Workers Compensation. Hourly Pay Range: $40.45 - $62.70 - The hourly pay rate offered is determined by a candidate's expertise and years o... more

    5 Days Ago

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Where Does Our Salary Data Come From?

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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