On average, commissions constitute a fair portion (more than half) of final income for Mid-Career Financial Advisors. That final number averages out to $75K across the industry. With some bonuses approaching $40K and certain profit sharing proceeds approaching $17K, overall incomes of Mid-Career Financial Advisors spread between $42K and $147K depending on individual performance. The particular firm is the biggest factor affecting pay for this group, followed by geography. Medical benefits are awarded to most, 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. Work is enjoyable for Mid-Career Financial Advisors, who typically claim high levels of job satisfaction. This overview is based on answers to PayScale's salary questionnaire.

$38,444 - $109,176
$38K
$62K
$110K
MEDIAN: $62,217
10%
50%
90%

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$12.34 - $40.72
$12
$18
$41
MEDIAN: $18.47
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
$38,444 - $109,176  
   
Bonus
$1,972 - $39,847  
Profit Sharing
$750 - $17,000  
Commission
$7,757 - $149,750  
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).
)
$42,275 - $146,628  
Country: United States | Currency: USD | Updated: 19 Jan 2017 | Individuals Reporting: 589
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
$12.34 - $40.72  
   
Overtime
$29.48  
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
$1,972 - $39,847  
   
Commission
$7,757 - $149,750  
Profit Sharing
$750 - $17,000  
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).
)
$42,275 - $146,628  
Country: United States | Currency: USD | Updated: 19 Jan 2017 | Individuals Reporting: 33

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Financial Advisor Job Listings

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Popular Employer Salaries for Financial Advisor


Edward Jones, Ameriprise Financial, Inc., Merrill Lynch & Co Inc, Usaa Insurance, and TIAA-CREF are some prominent firms with considerable interest in employing a large team of Mid-Career Financial Advisors. Mid-Career Financial Advisors flock to TIAA-CREF for generous paychecks, where average earnings of $122K lead the pack in compensation. Edward Jones, Merrill Lynch & Co Inc, and Usaa Insurance are a few other companies that offer generous salaries, with Mid-Career Financial Advisors earning around $92K, $82K, or $72K at each firm, respectively.

Also sliding in at the lower end of the scale are Ameriprise Financial, Inc. ($68K), J.P. Morgan Chase & Co. (JPMCC) ($69K), and Usaa Insurance ($72K).

Pay Difference by Location

National Average: $74,874

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 can also look forward to large paychecks in cities like Chicago (+31 percent), St. Louis (+28 percent), New York (+28 percent), and Columbus (+27 percent). Place of residence plays a huge part in a Financial Advisor's salary, with Phoenix Mid-Career Financial Advisors earning salaries that are 35 percent less than the national average. Employers in Jacksonville and Charlotte also lean toward paying below-median salaries (28 percent lower and 17 percent lower, respectively).

Key Stats for Financial Advisor

Gender

Female
28 %
Male
72 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 90 votes.
076
5-9 years
76%
10-19 years
24%
Location:
Years in Fields/Career:
United States (change)

Skills That Affect Financial Advisor Salaries


Portfolio Management
up arrow 11%


Financial Modeling
up arrow 10%

Investment Planning
up arrow 6%

Sales
up arrow 5%

Financial Analysis
up arrow 5%

Insurance
up arrow 5%

Customer Relationship Management (CRM)
up arrow 2%

Client Interaction
up arrow 2%

Microsoft Excel
0%

National Average
$75,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 90 votes.

Gender

Female
28 %
Male
72 %

Common Health Benefits

medical benefits
Medical: 80%
dental benefits
Dental: 65%
vision benefits
Vision: 56%
dental benefits
None: 18%
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