A substantial slice of final earnings for Mid-Career Financial Advisors (more than half) arrives through commissions. Median overall income in this area is approximately $75K. Total cash earnings of Mid-Career Financial Advisors range from $42K on the low end to $148K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $39K and $19K, respectively. The company and the particular city each impact pay for this group, with the former having the largest influence. Making up 72 percent of those who took the survey, male Mid-Career Financial Advisors greatly outnumber their female counterparts. A large number report receiving medical coverage from their employers and more than half collect dental insurance. Most Mid-Career Financial Advisors like their work and job satisfaction is high. This report is based on responses to the PayScale salary survey.

$37,822 - $110,481
(Median)
$38K
$62K
$110K
MEDIAN: $61,926
10%
50%
90%

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$12.28 - $41.43
(Median)
$12
$18
$41
MEDIAN: $18.00
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$60K$120K$180K
Salary
$37,822 - $110,481  
   
Bonus
$1,969 - $39,254  
Profit Sharing
$977 - $18,514  
Commission
$7,757 - $152,514  
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).
)
$41,729 - $148,019  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 598
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$30$60$90
Hourly Rate
$12.28 - $41.43  
   
Overtime
$30.00  
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$60K$120K$180K
Bonus
$1,969 - $39,254  
   
Commission
$7,757 - $152,514  
Profit Sharing
$977 - $18,514  
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).
)
$41,729 - $148,019  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 31
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Financial Advisor Job Listings

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Popular Employer Salaries for Financial Advisor


Mid-Career Financial Advisors fill the offices of leading firms Edward Jones, Ameriprise Financial, Inc., Merrill Lynch & Co Inc, Usaa Insurance, and TIAA-CREF. TIAA-CREF offers the largest salaries in town — $122K on average. Other leaders in compensation levels are Edward Jones at $101K, Merrill Lynch & Co Inc at $79K, and Usaa Insurance, where Mid-Career Financial Advisors annually earn $72K.

Other low-paying employers include AXA Advisors LLC at $66K and Ameriprise Financial, Inc. at $68K, though some Mid-Career Financial Advisors there earn up to $91K.

Pay Difference by Location

National Average: $74,849

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

Atlanta is home to an above-average pay rate for Mid-Career Financial Advisors, 32 percent higher than the national average. Mid-Career Financial Advisors will also find cushy salaries in St. Louis (+28 percent), New York (+28 percent), Columbus (+27 percent), and Los Angeles (+26 percent). Place of residence plays a huge part in a Financial Advisor's salary, with Phoenix Mid-Career Financial Advisors earning salaries that are 30 percent less than the national average. Below-median salaries also turn up in Jacksonville and Charlotte (29 percent lower and 17 percent lower, respectively).

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Skills That Affect Financial Advisor Salaries


Portfolio Management
up arrow 12%


Investment Planning
up arrow 8%

Financial Analysis
up arrow 8%

Sales
up arrow 7%

Client Interaction
up arrow 4%

Microsoft Excel
up arrow 4%

Customer Relationship Management (CRM)
up arrow 3%

National Average
$75,000

Financial Modeling
up arrow 6%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 91 votes.

Gender

Female
28 %
Male
72 %

Common Health Benefits

medical benefits
Medical: 81%
dental benefits
Dental: 64%
medical benefits
Vision: 56%
dental benefits
None: 17%
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