Mid-Career Financial Advisor Salary

The median total income of Mid-Career Financial Advisors is around $78K, and for the average worker in this area, a good chunk of that (around half, in fact) comes from commissions. Overall cash earnings for Mid-Career Financial Advisors stretch from $42K on the lower end to $153K near the top, and the heftiest packages can encompass around $30K from bonuses and $15K from profit sharing. Geography and the company each impact pay for this group, with the former having the largest influence. Most Mid-Career Financial Advisors report high levels of job satisfaction. Generally, women make up less than a third of all Mid-Career Financial Advisors who answered the questionnnaire. A large number enjoy medical while more than half get dental coverage. Vision coverage is also available to a majority. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$33,569 - $118,042
(Median)
$34K
$63K
$120K
MEDIAN: $62,847
10%
50%
90%

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$10.17 - $40.00
(Median)
$10
$18
$40
MEDIAN: $17.00
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
$33,569 - $118,042  
   
Bonus
$0.00 - $30,479  
Profit Sharing
$1,174 - $14,848  
Commission
$4,069 - $153,667  
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).
)
$41,829 - $152,949  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 721
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
$10.17 - $40.00  
   
Overtime
$22.30 - $45.17  
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 - $30,479  
   
Commission
$4,069 - $153,667  
Profit Sharing
$1,174 - $14,848  
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).
)
$41,829 - $152,949  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 29
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Popular Employer Salaries for Mid-Career Financial Advisor


Known for taking on a considerable number of Mid-Career Financial Advisors, Merrill Lynch & Co Inc, Ameriprise Financial, Inc., Edward Jones, Usaa Insurance, and AXA Advisors LLC are leading firms in the industry. Edward Jones does shell out the biggest paychecks — the median in that office is $110K — but the company pay scale is greatly mixed, meaning that workers on the low end may earn only $40K while workers on the upper end may rake in up to $209K.

Though certain workers may see earnings of up to $191K, AXA Advisors LLC still falls short in the compensation department — the median pay is only $66K, the lowest in the field.

Pay Difference by Location


Surpassing the national average by 35 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), St. Louis (+24 percent), Los Angeles (+17 percent), and Atlanta (+16 percent). Compared to the national average, Phoenix Mid-Career Financial Advisors have considerably lower salaries, 26 percent below the national average to be exact. Location appears to be a major driving force in pay for those in this profession. Tampa and Charlotte are a couple other places where companies are known to pay below the median — salaries are 21 percent lower and 8 percent lower, respectively.

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Skills That Affect Mid-Career Financial Advisor Salaries

Portfolio Management
up arrow 16%

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 7%

Microsoft Excel
up arrow 8%

Job Satisfaction

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

Gender

Female
21 %
Male
79 %

Common Health Benefits

medical benefits Medical: 83% dental benefits Dental: 68%
vision benefits Vision: 56% employee benefits None: 15%
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