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Mid-Career Financial Advisor Salary

A large fraction of take-home pay for Mid-Career Financial Advisors comes from commissions — a little less than one-half on average, in fact. The median overall income in this field is approximately $76K. Total incomes of Mid-Career Financial Advisors incorporate potential for, in a few cases, more than $31K from bonuses and close to $18K from profit sharing; these performance components cause packages to range between $40K and $150K. 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. For the most part, Mid-Career Financial Advisors enjoy their work and report high levels of job satisfaction. Most enjoy medical while the larger part get dental coverage. Vision coverage is also available to just over a half. Participants in PayScale's salary questionnaire provided the particulars of this report.
$30,154 - $117,775
(Median)
30K
44K
61K
87K
120K
MEDIAN: $61,028
10%
25%
50%
75%
90%

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$10.14 - $40.27
(Median)
10
15
40
MEDIAN: $17.00
10%
25%
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$50K$100K$150K
Salary
$30,154 - $117,775  
   
Bonus
$0.66 - $30,570  
Profit Sharing
$1,517 - $17,750  
Commission
$4,027 - $146,807  
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).
)
$40,106 - $149,945  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 682
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$25$50$75
Hourly Rate
$10.14 - $40.27  
   
Overtime
$5.30 - $47.51  
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$50K$100K$150K
Bonus
$0.66 - $30,570  
   
Commission
$4,027 - $146,807  
Profit Sharing
$1,517 - $17,750  
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).
)
$40,106 - $149,945  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 28
United States (change)

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Pay Difference by Location


For those looking to make money, Mid-Career Financial Advisors in Boston enjoy an exceptional pay rate, 40 percent above the national average. Mid-Career Financial Advisors can also look forward to large paychecks in cities like New York (+38 percent), Dallas (+36 percent), Chicago (+29 percent), and Minneapolis (+22 percent). Mid-Career Financial Advisors' salaries are heavily influenced by location — Mid-Career Financial Advisors in Phoenix bring in salaries that are 27 percent lower than the national average.

Skills That Affect Mid-Career Financial Advisor Salaries

Portfolio Management
up arrow 22%

Sales
up arrow 16%

Investment Management
up arrow 14%

Investment Planning
up arrow 11%


Financial Analysis
up arrow 3%

National Average
$76,000

Customer Relationship Management (CRM)
up arrow 4%

Microsoft Excel
up arrow 10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 144 votes.

Gender

Female
22 %
Male
78 %

Common Health Benefits

medical benefits Medical: 82% dental benefits Dental: 67%
vision benefits Vision: 55% employee benefits None: 16%