Mid-Career Financial Advisor Salary

A big portion of take-home pay for Mid-Career Financial Advisors — just below two-thirds, in fact — arrives through commissions. This profession's median overall income is approximately $77K. Total cash compensation for Mid-Career Financial Advisors runs from $42K to $161K depending on bonuses that can occasionally exceed $31K and profit sharing that can reach almost $15K. The company and the particular city each impact pay for this group, with the former having the largest influence. Most Mid-Career Financial Advisors like their work and job satisfaction is high. A large number report receiving medical coverage from their employers and the greater part collect dental insurance. 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. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$34,142 - $118,976
(Median)
$34K
$62K
$120K
MEDIAN: $61,976
10%
50%
90%

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$10.67 - $41.22
(Median)
$11
$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$70K$140K$210K
Salary
$34,142 - $118,976  
   
Bonus
$0.00 - $31,016  
Profit Sharing
$1,470 - $14,813  
Commission
$6,020 - $196,415  
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).
)
$41,806 - $160,557  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 849
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$50$100$150
Hourly Rate
$10.67 - $41.22  
   
Overtime
$22.69 - $47.39  
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$100K$200K$300K
Bonus
$0.00 - $31,016  
   
Commission
$6,020 - $196,415  
Profit Sharing
$1,470 - $14,813  
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).
)
$41,806 - $160,557  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 35
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Popular Employer Salaries for Financial Advisor


Dominating the field, Merrill Lynch & Co Inc, Ameriprise Financial, Inc., Edward Jones, AXA Advisors LLC, and Usaa Insurance are top firms with a reputation for hiring a great number of Mid-Career Financial Advisors. Mid-Career Financial Advisors seeking a sizable paycheck can earn the most at Edward Jones, where the median salary comes to $127K, though the large pay difference between employees at the top ($38K) and those starting out ($343K) creates a rather diverse pay scale. TIAA-CREF, J.P. Morgan Chase & Co. (JPMCC), and Merrill Lynch & Co Inc also offer top salaries for Mid-Career Financial Advisors. Workers at these firms can expect to earn about $122K, $99K, and $81K, respectively.

Earnings fall especially short at Ameriprise Financial, Inc., where the median salary of $66K is the lowest in the field, just about half of the top paying company's median. Other low-paying employers include AXA Advisors LLC at $69K and Usaa Insurance at $72K, though some Mid-Career Financial Advisors there earn up to $121K.

Pay Difference by Location

National Average: $77,411

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

Boston offers some of the highest pay in the country for Mid-Career Financial Advisors, 35 percent above the national average. Mid-Career Financial Advisors will also find cushy salaries in New York (+32 percent), St. Louis (+27 percent), Denver (+24 percent), and Los Angeles (+22 percent). Compared to the national average, Phoenix Mid-Career Financial Advisors have considerably lower salaries, 28 percent below the national average to be exact. Location appears to be a major driving force in pay for those in this profession. A couple other locations with smaller-than-average paychecks include Tampa (20 percent lower) and Charlotte (19 percent lower).

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Skills That Affect Financial Advisor Salaries

Portfolio Management
up arrow 23%

Investment Management
up arrow 12%

Client Interaction
up arrow 12%


Sales
up arrow 6%

Investment Planning
up arrow 5%

Financial Analysis
up arrow 1%

National Average
$77,000

Microsoft Excel
up arrow 5%

Customer Relationship Management (CRM)
up arrow 8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 141 votes.

Gender

Female
23 %
Male
77 %

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 68%
medical benefits
Vision: 59%
dental benefits
None: 16%
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