Entry-Level Certified Financial Planner (CFP) Salary

On average, commissions constitute a fair portion (just under a third) of final income for Entry-Level Certified Financial Planners. That final number averages out to $60K across the industry. With some bonuses approaching $15K and certain profit sharing proceeds approaching $8K, overall incomes of Entry-Level Certified Financial Planners spread between $40K and $91K depending on individual performance. Most Entry-Level Certified Financial Planners report high levels of job satisfaction. While some workers in this profession — slightly less than a third — do not have any health coverage, a strong majority do receive medical benefits and just over two-fifths have dental insurance. More than half of Entry-Level Certified Financial Planners (68 percent) survey respondents are men. The numbers in this rundown were provided by PayScale's salary survey participants.
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$39,795 - $83,637
$40K
$57K
$84K
MEDIAN: $57,048
10%
50%
90%

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$11.84 - $32.41
$12
$21
$32
MEDIAN: $20.99
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
$39,795 - $83,637  
   
Bonus
$1,014 - $15,146  
Profit Sharing
$974 - $8,289  
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).
)
$40,053 - $90,870  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 380
© PayScale, Inc. @ www.payscale.com
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
$11.84 - $32.41  
   
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
$1,014 - $15,146  
   
Commission
$99.67 - $33,935  
Profit Sharing
$974 - $8,289  
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).
)
$40,053 - $90,870  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 27
© PayScale, Inc. @ www.payscale.com

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Pay Difference by Location

National Average: $59,834

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

San Francisco offers some of the highest pay in the country for Entry-Level Certified Financial Planners, 50 percent above the national average. Entry-Level Certified Financial Planners can also look forward to large paychecks in cities like Atlanta (+23 percent), Dallas (+21 percent), Los Angeles (+16 percent), and New York (+11 percent). The smallest paychecks in the market, 20 percent south of the national average, can be found in Chicago. Houston and San Diego are a couple other places where companies are known to pay below the median — salaries are 16 percent lower and 8 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
32 %
Male
68 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 36 votes.
Less than 1 year
9%
1-4 years
69%
5-9 years
22%
Location:
Years in Fields/Career:
United States (change)

Skills That Affect Certified Financial Planner (CFP) Salaries

Financial Modeling
▲16%

Insurance
▲7%


Investment Management
▲6%

Financial Analysis
▲5%


Microsoft Excel
▲1%

National Average
$60,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 36 votes.

Gender

Female
32 %
Male
68 %

Common Health Benefits

medical benefits
Medical: 70%
dental benefits
Dental: 43%
vision benefits
Vision: 31%
dental benefits
None: 28%
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