Entry-Level Certified Financial Planner (CFP) Salary

Earnings for Entry-Level Certified Financial Planners come in at around $57K per year on average. The range in cash compensation to Entry-Level Certified Financial Planners (largely between $40K and $91K) includes potential earnings of $15K from bonuses, $10K from profit sharing, and commissions of $34K in exceptional cases. For the most part, Entry-Level Certified Financial Planners enjoy their work and report high levels of job satisfaction. Men make up the majority of Entry-Level Certified Financial Planners (67 percent) survey respondents. Some workers in this field — close to a fourth — are not awarded benefits. Medical coverage is reported by a fair number and dental plans are enjoyed by more than two-fifths. Respondents to the PayScale salary survey provided the data for this report.
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$40,043 - $83,634
$40K
$57K
$84K
MEDIAN: $57,062
10%
50%
90%

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$14.54 - $33.23
$15
$23
$33
MEDIAN: $22.99
10%
50%
90%

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$0$90K
Salary $40,043 - $83,634
Bonus $1,000 - $15,170
Profit Sharing $990 - $9,721
Commission $99.33 - $34,255
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).
)
$40,464 - $90,852
  • Country: United States
  • Currency: USD
  • Updated: 25 Jul 2017
  • Individuals Reporting: 401
Hourly Data $0$33
Hourly Rate $14.54 - $33.23
Overtime $30.88
Annual Data $0$90K
Bonus $1,000 - $15,170
Commission $99.33 - $34,255
Profit Sharing $990 - $9,721
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).
)
$40,464 - $90,852
  • Country: United States
  • Currency: USD
  • Updated: 25 Jul 2017
  • Individuals Reporting: 25

Find Out Exactly What You Should Be Paid

United States (change)

Certified Financial Planner (CFP) Job Listings

Pay Difference by Location

National Average: $60,127

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

For Entry-Level Certified Financial Planners, busy San Francisco offers a higher-than-average pay rate, 49 percent above 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). Entry-Level Certified Financial Planners in Chicago make 20 percent less than the national average, proving that location is a major factor in pay. Houston and San Diego are a couple other places where companies are known to pay below the median — salaries are 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 Grand Rapids:
"Time to build a business."
Work hard.

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 43 votes.
Less than 1 year
9%
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
▲7%


Investment Management
▲5%

Financial Analysis
▲5%


Microsoft Excel
▼0%

National Average
$60,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 43 votes.

Gender

Female
33 %
Male
67 %

Common Health Benefits

medical benefits
Medical: 71%
dental benefits
Dental: 43%
vision benefits
Vision: 31%
no benefits
None: 27%
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