Certified Financial Planner (CFP) with Insurance Skills Salary

On average, commissions constitute a fair portion (just under a third) of final income for Certified Financial Planners with Insurance skills. That final number averages out to $86K across the industry. Total cash earnings of Certified Financial Planners with Insurance skills range from $47K on the low end to $207K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $41K and $50K, respectively. Some workers in this field — slightly less than a fourth — are not awarded benefits. Medical coverage is reported by a strong majority and dental plans are enjoyed by approximately half. Most Certified Financial Planners with Insurance skills survey respondents are men (72 percent). Job satisfaction is high and work is enjoyable for most Certified Financial Planners with Insurance skills. The data for this synopsis comes from respondents who took the PayScale salary survey.

$44,042 - $147,454
(Median)
$44K
$78K
$150K
MEDIAN: $77,975
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$90K$180K$270K
Salary
$44,042 - $147,454  
   
Bonus
$0.00 - $41,022  
Profit Sharing
$750 - $50,000  
Commission
$9,814 - $258,000  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$46,739 - $206,729  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 122
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Pay by Experience Level for Certified Financial Planner (CFP)

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Certified Financial Planners with Insurance skills with a lot of experience tend to enjoy higher earnings. Those who have worked for fewer than five years take home a median salary of $61K, and workers with five to 10 years of experience earn a higher $78K on average. After one to two decades on the job, professionals can reap plentiful salaries that average out to the six-figure sum of $104K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $123K.

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Experience Affects Certified Financial Planner (CFP) Salaries

Late-Career
up arrow 44%

Experienced
up arrow 21%

National Average
$86,000

Mid-Career
up arrow 9%

Entry-Level
up arrow 29%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 16 votes.

Gender

Female
28 %
Male
72 %

Years of Experience

Less than 1 year
2%
1-4 years
19%
5-9 years
24%
10-19 years
42%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 77%
dental benefits
Dental: 50%
medical benefits
Vision: 42%
dental benefits
None: 23%
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