Mid-Career Financial Advisor Salary

The median total income of Mid-Career Financial Advisors is around $77K, and for the average worker in this area, a good chunk of that (around half, in fact) comes from commissions. In the world of Mid-Career Financial Advisors, total cash compensation can vary between $41K and $154K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $31K and $15K, respectively. Residence and the company each impact pay for this group, with the former having the largest influence. Job satisfaction for Mid-Career Financial Advisors is high. Medical benefits are awarded to a large number, and the greater part earn dental coverage. Male Mid-Career Financial Advisors are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$30,770 - $118,712
(Median)
$31K
$62K
$120K
MEDIAN: $62,048
10%
50%
90%

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$10.21 - $48.94
(Median)
$10
$18
$49
MEDIAN: $18.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$60K$120K$180K
Salary
$30,770 - $118,712  
   
Bonus
$0.00 - $30,642  
Profit Sharing
$1,192 - $14,950  
Commission
$4,500 - $152,702  
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).
)
$41,042 - $153,678  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 708
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$30$60$90
Hourly Rate
$10.21 - $48.94  
   
Overtime
$22.30 - $45.17  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$60K$120K$180K
Bonus
$0.00 - $30,642  
   
Commission
$4,500 - $152,702  
Profit Sharing
$1,192 - $14,950  
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).
)
$41,042 - $153,678  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 30

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Pay Difference by Location


With a pay rate for Mid-Career Financial Advisors that is 37 percent greater than the national average, New York offers a comfortable salary for those in this profession. Mid-Career Financial Advisors will also find cushy salaries in Dallas (+34 percent), Boston (+28 percent), St. Louis (+24 percent), and Los Angeles (+23 percent). Location significantly influences compensation, with Phoenix Mid-Career Financial Advisors earning much less — 28 percent less — than the national average.

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Skills That Affect Mid-Career Financial Advisor Salaries

Portfolio Management
up arrow 18%


Sales
up arrow 9%

Investment Management
up arrow 8%

Investment Planning
up arrow 5%

Financial Analysis
up arrow 2%

National Average
$77,000

Customer Relationship Management (CRM)
up arrow 8%

Microsoft Excel
up arrow 18%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 141 votes.

Gender

Female
21 %
Male
79 %

Common Health Benefits

medical benefits Medical: 82% dental benefits Dental: 68%
vision benefits Vision: 55% employee benefits None: 16%