Salary Guide
Lennar Salaries in Chicago: Complete Compensation Analysis
Considering a career at Lennar in Chicago? Our comprehensive salary guide provides accurate compensation data across various roles, experience levels, and departments to help you negotiate with confidence and understand your market value. Interview coming up? Check out Job Bridge for real time AI assistance.
Key Salary Insights for Lennar
Average Base Salary
$85,000
Across all positions in Chicago
Salary Range
$55,000 - $150,000
From entry-level to executive positions
Industry Comparison
5% Below
Compared to industry average in Chicago
Total Compensation
+12%
Average bonus, stock options, and benefits
Location Factor: Chicago
Working at Lennar in Chicago comes with specific geographical considerations:
- Cost of living index: 110 (U.S. average = 100)
- Average housing cost: $1,800/month for 1-bedroom apartment
- State income tax rate: 4.95%
- Regional salary adjustment factor: 8% higher than national average
- Remote work opportunities: Limited
Salary Negotiation Tips for Lennar
Based on our research and feedback from successful candidates, here are effective negotiation strategies specific to Lennar:
- Highlight sales experience that commands premium compensation
- Research indicates Lennar typically has 5% flexibility on initial offers
- Negotiating for bonus may be more successful than base salary increases
- Emphasize sales targets that aligns with company values
- Consider end of quarter which has proven effective
Recent Compensation Trends at Lennar
Our analysis shows the following significant trends in Lennar's compensation strategy over the past year:
- 8% increase in starting salaries for Project Manager positions
- New emphasis on wellness programs as part of compensation packages
- Shift towards performance-based bonuses
- Increased investment in sign-on bonuses
- Annual compensation adjustments to remain competitive in Chicago
Employee Testimonials
"After 3 years at Lennar in Chicago, I've seen my compensation grow by approximately 8% annually. The company values problem-solving and rewards it consistently through merit-based raises."
- Anonymous, Project Manager
"The total compensation at Lennar is competitive, but what really stands out is health insurance. This has added significant value to my overall package, worth approximately $10,000 annually."
- Anonymous, Sales Associate
Salary Comparison with Competitors
| Company | Avg. Base Salary | Bonus | Equity | Total |
|---|---|---|---|---|
| Lennar | $85,000 | 10% | 2% | $96,700 |
| D.R. Horton | $80,000 | 8% | 1% | $88,400 |
| PulteGroup | $82,000 | 9% | 1.5% | $91,350 |
| Taylor Morrison | $78,000 | 7% | 0.5% | $84,700 |
Educational Impact on Salary
Your educational background can significantly influence your earning potential at Lennar. Here's how education typically impacts salaries:
Advanced Degree (Ph.D., MBA)
+15% premium
Most valued in: Finance, Project Management
Master's Degree
+8% premium
Most valued in: Marketing, Sales
Bachelor's Degree
Base level
Standard requirement for most positions
Industry Certifications
+3% per certification
Most valued: Project Management Professional (PMP), LEED AP, Certified Residential Appraiser
Promotion and Raise Cycles
Understanding Lennar's promotion and raise cycles can help you time your career moves strategically:
- Annual performance reviews typically conducted in December
- Average annual salary increase: 4% for meeting expectations, 7% for exceeding
- Promotion eligibility typically requires 2 years in current role
- Average salary bump with promotion: 8-15%
- Bonus determinations made in November, paid in January
- Off-cycle raises most common in exceeding sales targets
Methodology & Data Sources
Our salary data has been meticulously compiled and verified through multiple sources:
- 1,500 verified salary reports from current and former employees (collected January 2023 - September 2023)
- Analysis of 300 job postings from Lennar in Chicago (collected January 2023 - September 2023)
- Interviews with 10 recruiters specializing in Lennar placements
- Data from Bureau of Labor Statistics for Chicago
- Industry compensation surveys from Glassdoor, Indeed, and Salary.com
- Proprietary JobBridge salary database with 15,000 data points
This data is accurate as of October 2023 and represents a comprehensive view of Lennar's compensation structure in Chicago.
Frequently Asked Questions
About This Salary Data
Our Lennar salary data has been meticulously compiled from multiple reliable sources, including:
- 1,500 verified salary reports from current and former employees
- Data from job postings across major job boards
- Information from professional recruiters specializing in Lennar placements
- Industry salary surveys and governmental labor statistics
- Anonymous compensation details shared through our proprietary network
This data was last updated on October 25, 2023, making it one of the most current and accurate salary resources available for Lennar in Chicago.
Salary by Department
| Department | Entry Level | Mid Level | Senior Level |
|---|---|---|---|
| Sales | $60,000 | $75,000 | $90,000 |
| Construction | $55,000 | $70,000 | $85,000 |
| Project Management | $65,000 | $80,000 | $100,000 |
| Finance | $70,000 | $85,000 | $105,000 |
| Marketing | $62,000 | $78,000 | $95,000 |
| Human Resources | $58,000 | $72,000 | $88,000 |
Top-Paying Roles at Lennar
Based on our research, these are the highest-paying positions at Lennar in Chicago:
1. Regional Vice President
$150,000
Typical requirements: 10+ years experience in real estate, proven leadership
2. Division President
$175,000
Typical requirements: 15+ years experience, P&L management
3. General Manager
$120,000
Typical requirements: 8+ years experience, team leadership
4. Senior Project Manager
$100,000
Typical requirements: 5+ years experience, complex project delivery
5. Director of Sales
$95,000
Typical requirements: 7+ years experience, sales team management
How Lennar Salaries Compare to Market
Total Compensation Analysis
At Lennar, base salary is just one component of the total compensation package. Here's what you can expect in terms of additional benefits and compensation:
Bonuses
5-15%
Annual performance bonus (% of base salary)
Equity
0-5%
Stock options/RSUs (% of annual compensation)
401(k) Match
Up to 4%
Employer match for retirement contributions
Healthcare Value
$10,000/year
Estimated value of medical, dental, vision coverage
Additional benefits at Lennar include:
Salary by Experience Level
Years of experience significantly impact your earning potential at Lennar. Here's how salaries typically progress based on experience:
Salary Progression by Years of Experience
Compensation Research Team
JobBridge Salary Experts
Last updated: October 26, 2023 • Data accuracy verified by our research team