Business Professor salary in Chicago, IL
Based on 47 certified H-1B filings in the Chicago-Naperville-Elgin, IL-IN metro area, FY2025–FY2026. Includes Evanston, Romeoville, Hammond, River Forest, University Park.
Also listed as: Assistant Professor of Finance, Assistant Professor of Marketing
Salary range
| Percentile | Salary |
|---|---|
| 10th | $96,234 |
| 25th | $116,852 |
| 50th (median) | $172,000 |
| 75th | $225,860 |
| 90th | $279,618 |
Salary by year
Median salary
Filings per year
Show as table
| Fiscal year | Median | P25 | P75 | Filings |
|---|---|---|---|---|
| FY2020 | $100,000 | $74,503 | $138,666 | 24 |
| FY2021 | $157,675 | $102,500 | $224,329 | 22 |
| FY2022 | $148,050 | $89,803 | $186,614 | 26 |
| FY2023 | $145,444 | $132,250 | $173,500 | 23 |
| FY2024 | $150,000 | $102,057 | $165,000 | 33 |
| FY2025 | $175,000 | $106,470 | $224,678 | 24 |
| FY2026 | $172,000 | $130,000 | $230,384 | 23 |
Cost of living
Chicago's median Business Professor salary of $172,000 is worth about $166,000 at national average prices.
Source: BEA Regional Price Parities, 2024 (U.S. = 100; Chicago = 103.6).
Compared with all workers here
All Business Teachers, Postsecondary in the Chicago, IL area earned a median of $93,670 in May 2025 (2,450 employed). The H-1B median here is $172,000, 84% higher.
Source: U.S. Bureau of Labor Statistics, OEWS metropolitan area estimates. BLS wages include some incentive pay; H-1B figures are base salary.
Top employers filing
| Employer | Median | Filings |
|---|---|---|
| The University of Chicago | $272,500 | 10 |
| Northwestern University | too few | 9 |
| Illinois Institute of Technology | too few | 6 |
| DePaul University | too few | 4 |
| Loyola University Chicago | too few | 4 |
| Lewis University | too few | 3 |
| University of Illinois Chicago | too few | 3 |
| Dominican University | too few | 2 |
| Governors State University | too few | 2 |
| Purdue University | too few | 2 |
Employers with at least 2 filings here. Median shown at 10+ filings.
By experience level
| Wage level | Median | Filings |
|---|---|---|
| Entry-level · Level I | $222,793 | 28 |
| Mid-level · Level II | $118,950 | 10 |
| Senior · Level III | too few | 2 |
| Expert · Level IV | too few | 2 |
Median shown when a level has at least 10 filings.
Minimum H-1B salary by level
| Wage level | Prevailing wage (most common) | Median offered salary | Filings |
|---|---|---|---|
| Entry-level · Level I | $43,780 | $222,793 | 28 |
| Mid-level · Level II | $73,063 | $118,950 | 10 |
The prevailing wage is the minimum an employer must pay for this job and area. Amounts vary by county within a metro and by wage source.