Mid-Career Financial Advisor Salary

A substantial slice of final earnings for Mid-Career Financial Advisors (more than a third) arrives through commissions. Median overall income in this area is approximately $77K. In the world of Mid-Career Financial Advisors, overall cash allowance can occasionally include more than $40K from bonuses and, in some exceptional cases, $19K from profit sharing, causing incomes to vary widely between $43K and $145K. The company and the particular city each impact pay for this group, with the former having the largest influence. A fair number enjoy medical while the larger part get dental coverage. Vision coverage is also available to more than half. Most Mid-Career Financial Advisors survey respondents are men (70 percent). Most Mid-Career Financial Advisors like their work and job satisfaction is high. Respondents to the PayScale salary survey provided the data for this report.

$39,087 - $107,199
$39K
$64K
$110K
MEDIAN: $64,389
10%
50%
90%

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$12.04 - $34.55
$12
$18
$35
MEDIAN: $17.95
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$50K$100K$150K
Salary
$39,087 - $107,199  
   
Bonus
$2,024 - $40,153  
Profit Sharing
$1,750 - $18,500  
Commission
$4,926 - $145,017  
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).
)
$42,978 - $144,595  
Country: United States | Currency: USD | Updated: 5 May 2017 | Individuals Reporting: 597
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$25$50$75
Hourly Rate
$12.04 - $34.55  
   
Overtime
$27.05  
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$50K$100K$150K
Bonus
$2,024 - $40,153  
   
Commission
$4,926 - $145,017  
Profit Sharing
$1,750 - $18,500  
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).
)
$42,978 - $144,595  
Country: United States | Currency: USD | Updated: 5 May 2017 | Individuals Reporting: 33

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Popular Employer Salaries for Financial Advisor


Many Mid-Career Financial Advisors can be found at Edward Jones, Merrill Lynch & Co Inc, Ameriprise Financial, Inc., Usaa Insurance, and TIAA-CREF, firms that are at the top of the field. Mid-Career Financial Advisors flock to TIAA-CREF for generous paychecks, where average earnings of $122K lead the pack in compensation. Those in search of high salaries should also consider Edward Jones, Merrill Lynch & Co Inc, and Usaa Insurance, top-paying firms where Mid-Career Financial Advisors rake in a respectable $90K, $82K, or $72K, respectively.

Employees at Ameriprise Financial, Inc., J.P. Morgan Chase & Co. (JPMCC), and Usaa Insurance can also expect below-average earnings of $69K, $69K, and $72K.

Pay Difference by Location

National Average: $77,035

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

Surpassing the national average by 30 percent, Mid-Career Financial Advisors in Chicago receive some of the highest pay in the country. Mid-Career Financial Advisors will also find cushy salaries in Atlanta (+28 percent), New York (+27 percent), Columbus (+23 percent), and Los Angeles (+22 percent). Location significantly influences compensation, with Jacksonville Mid-Career Financial Advisors earning much less — 31 percent less — than the national average. Workers in Charlotte and Seattle earn salaries that trail the national average for those in this profession (19 percent less and 8 percent less, respectively).

Key Stats for Financial Advisor

Gender

Female
30 %
Male
70 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 91 votes.
5-9 years
77%
10-19 years
23%
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Location:
Years in Fields/Career:
United States (change)

Skills That Affect Financial Advisor Salaries


Financial Modeling
▲17%

Insurance
▲15%

Portfolio Management
▲10%



Sales
▲4%

Financial Analysis
▲4%

Microsoft Excel
▲4%


Client Interaction
▲2%

National Average
$77,000

Job Satisfaction

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

Gender

Female
30 %
Male
70 %

Common Health Benefits

medical benefits
Medical: 79%
dental benefits
Dental: 64%
vision benefits
Vision: 56%
no benefits
None: 18%
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