Entry-level Business Professor salary in Chicago, IL

Based on 28 certified H-1B filings at DOL wage level I 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

Median salary$222,793
Middle 50%$143.2k–$268k
vs. all levels here+30%comparison median $172,000
Filings28FY2025–FY2026 · latest two fiscal years

Salary range

Box: middle 50% of filings. Whiskers: 10th–90th percentile. 99% of filings are between $72,700 and $283,650.
PercentileSalary
10th$94,960
25th$143,220
50th (median)$222,793
75th$268,030
90th$280,000

Salary by year

Median salary

$100k $175k $250k FY2020: median $114,000 (14 filings) FY2021: median $194,000 (11 filings) FY2022: median $234,667 (10 filings) FY2023: median $151,907 (14 filings) FY2024: median $150,000 (17 filings) FY2025: median $224,587 (13 filings) FY2026: median $220,000 (15 filings) FY20 FY21 FY22 FY23 FY24 FY25 FY26

Filings per year

FY2020: 14 filings FY20 FY2021: 11 filings FY21 FY2022: 10 filings FY22 FY2023: 14 filings FY23 FY2024: 17 filings FY24 FY2025: 13 filings FY25 FY2026: 15 filings FY26 17
Shaded: FY2025–FY2026, the years behind the figures above. Median shown for years with at least 10 filings. FY2026 covers Q1–Q3 only.
Show as table
Fiscal yearMedianP25P75Filings
FY2020$114,000$72,500$150,00014
FY2021$194,000$107,408$228,25011
FY2022$234,667$147,075$235,62210
FY2023$151,907$141,250$205,00014
FY2024$150,000$83,200$150,00017
FY2025$224,587$149,963$265,00013
FY2026$220,000$138,813$279,68215

Cost of living

Chicago's median entry-level Business Professor salary of $222,793 is worth about $215,100 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 $222,793, 138% higher.

Source: U.S. Bureau of Labor Statistics, OEWS metropolitan area estimates. BLS wages include some incentive pay; H-1B figures are base salary.

Employers filing at this level

EmployerMedianFilings
Northwestern Universitytoo few9
The University of Chicagotoo few9
DePaul Universitytoo few4
Illinois Institute of Technologytoo few2
Purdue Universitytoo few2

Employers with at least 2 filings here. Median shown at 10+ filings.

By experience level

Wage levelMedianFilings
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 levelPrevailing wage (most common)Median offered salaryFilings
Entry-level · Level I$43,780$222,79328
Mid-level · Level II$73,063$118,95010

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.