Mid-Career Financial Advisor Salary

Commissions form a big slice (close to one-half) of total compensation for Mid-Career Financial Advisors. The median income in this area hovers around $78K. Cash earnings for Mid-Career Financial Advisors — which occasionally include more than $31K from bonuses and more than $15K from profit sharing — stretch from around $42K to approximately $154K. The company and the particular city each impact pay for this group, with the former having the largest influence. For the most part, Mid-Career Financial Advisors enjoy their work and report high levels of job satisfaction. Medical benefits are awarded to a large number, and more than half earn dental coverage. Making up 78 percent of those who took the survey, male Mid-Career Financial Advisors greatly outnumber their female counterparts. This snapshot results from replies to PayScale's salary survey.

$33,597 - $118,011
(Median)
$34K
$63K
$120K
MEDIAN: $62,928
10%
50%
90%

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$10.21 - $39.73
(Median)
$10
$18
$40
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
$33,597 - $118,011  
   
Bonus
$0.00 - $30,614  
Profit Sharing
$1,178 - $14,822  
Commission
$4,102 - $153,860  
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).
)
$41,708 - $154,048  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 722
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 - $39.73  
   
Overtime
$22.51 - $44.77  
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 - $30,614  
   
Commission
$4,102 - $153,860  
Profit Sharing
$1,178 - $14,822  
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).
)
$41,708 - $154,048  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 30
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Popular Employer Salaries for Mid-Career Financial Advisor


Well-known firms with a reputation for hiring numerous Mid-Career Financial Advisors include Merrill Lynch & Co Inc, Ameriprise Financial, Inc., Usaa Insurance, AXA Advisors LLC, and Edward Jones. Edward Jones leads the field in terms of pay, with a median salary of $113K.

Earnings fall especially short at AXA Advisors LLC, where the median salary of $66K is the lowest in the field, 71 percent lower than the top payer.

Pay Difference by Location


Surpassing the national average by 34 percent, Mid-Career Financial Advisors in New York receive some of the highest pay in the country. Mid-Career Financial Advisors will also find cushy salaries in Dallas (+34 percent), Houston (+29 percent), St. Louis (+22 percent), and Los Angeles (+17 percent). Place of residence plays a huge part in a Financial Advisor's salary, with Phoenix Mid-Career Financial Advisors earning salaries that are 26 percent less than the national average. Employers in Tampa and Charlotte also lean toward paying below-median salaries (21 percent lower and 8 percent lower, respectively).

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Skills That Affect Mid-Career Financial Advisor Salaries

Portfolio Management
up arrow 18%

Sales
up arrow 8%


Investment Management
up arrow 7%

Investment Planning
up arrow 4%

Financial Analysis
up arrow 2%

National Average
$78,000

Customer Relationship Management (CRM)
up arrow 6%

Microsoft Excel
up arrow 8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 125 votes.

Gender

Female
22 %
Male
78 %

Common Health Benefits

medical benefits Medical: 83% dental benefits Dental: 69%
vision benefits Vision: 57% employee benefits None: 15%
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