Entry-Level Certified Financial Planner (CFP) Salary

Commissions constitute a big slice (just under one in three on average) of overall compensation for Entry-Level Certified Financial Planners, and the median take-home for this group lies near $60K. Total incomes of Entry-Level Certified Financial Planners incorporate potential for, in a few cases, more than $15K from bonuses and close to $9K from profit sharing; these performance components cause packages to range between $40K and $91K. Most Entry-Level Certified Financial Planners like their work and job satisfaction is high. Some workers in this field — around one in four — are not awarded benefits. Medical coverage is reported by a fair number and dental plans are enjoyed by more than two-fifths. The majority of Entry-Level Certified Financial Planners (67 percent) survey respondents are male. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
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$40,020 - $84,455
$40K
$57K
$84K
MEDIAN: $57,191
10%
50%
90%

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$14.54 - $32.75
$15
$22
$33
MEDIAN: $21.99
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$31K$62K$93K
Salary
$40,020 - $84,455  
   
Bonus
$999 - $15,135  
Profit Sharing
$979 - $8,557  
Commission
$99.67 - $33,935  
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).
)
$40,439 - $91,160  
Country: United States | Currency: USD | Updated: 5 May 2017 | Individuals Reporting: 394
National Hourly Rate 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$16$32$48
Hourly Rate
$14.54 - $32.75  
   
Overtime
$30.88  
National Annualized 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$32K$64K$96K
Bonus
$999 - $15,135  
   
Commission
$99.67 - $33,935  
Profit Sharing
$979 - $8,557  
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).
)
$40,439 - $91,160  
Country: United States | Currency: USD | Updated: 5 May 2017 | Individuals Reporting: 25

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Pay Difference by Location

National Average: $60,192

Larger city markers indicate a job is popular in that location.

San Francisco is home to an above-average pay rate for Entry-Level Certified Financial Planners, 49 percent higher than the national average. Entry-Level Certified Financial Planners will also find cushy salaries in Atlanta (+23 percent), Dallas (+21 percent), Los Angeles (+15 percent), and New York (+11 percent). Place of residence plays a huge part in a Certified Financial Planner's salary, with Chicago Entry-Level Certified Financial Planners earning salaries that are 20 percent less than the national average. Employers in Houston and San Diego also lean toward paying below-median salaries (17 percent lower and 9 percent lower, respectively).

Certified Financial Planner (CFP) Advice

Q: What do you wish you knew about your job when you first started out?

Certified Financial Planner (CFP) in Cary:
"You have to care to be successful. Caring takes extra work."
Really understand the industry and communicate with clients at all times in an ethical and timely way.

Key Stats for Certified Financial Planner (CFP)

Gender

Female
33 %
Male
67 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 40 votes.
Less than 1 year
8%
1-4 years
71%
5-9 years
21%
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Location:
Years in Fields/Career:
United States (change)

Skills That Affect Certified Financial Planner (CFP) Salaries

Financial Modeling
▲15%

Insurance
▲6%


Investment Management
▲5%

Financial Analysis
▲4%


Microsoft Excel
▼0%

National Average
$60,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 40 votes.

Gender

Female
33 %
Male
67 %

Common Health Benefits

medical benefits
Medical: 70%
dental benefits
Dental: 45%
vision benefits
Vision: 32%
no benefits
None: 26%
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