Mid-Career Financial Advisor Salary

Commissions form a big slice (just under two-thirds) of total compensation for Mid-Career Financial Advisors. The median income in this area hovers around $77K. Overall cash earnings for Mid-Career Financial Advisors stretch from $42K on the lower end to $161K near the top, and the heftiest packages can encompass around $31K from bonuses and $15K from profit sharing. The particular firm and the particular city each impact pay for this group, with the former having the largest influence. Generally, women make up less than a third of all Mid-Career Financial Advisors who answered the questionnnaire. Job satisfaction for Mid-Career Financial Advisors is high. A large number enjoy medical while a majority get dental coverage. Vision coverage is also available to more than half. The data in this summary comes from the PayScale salary survey.

$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


Many Mid-Career Financial Advisors can be found at Merrill Lynch & Co Inc, Ameriprise Financial, Inc., Edward Jones, AXA Advisors LLC, and Usaa Insurance, firms that are at the top of the field. 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. Other employers shelling out big bucks include TIAA-CREF, J.P. Morgan Chase & Co. (JPMCC), and Merrill Lynch & Co Inc, where Mid-Career Financial Advisors typically earn around $122K, $99K, or $81K, respectively.

Relative to other names in the field, compensation is very low at Ameriprise Financial, Inc. — the median salary comes to just $66K, 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.

Home to some of the best pay for Mid-Career Financial Advisors, Boston offers exceptional salaries, 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). One of the biggest compensable factors for Mid-Career Financial Advisors is geography, with workers in Phoenix earning a whopping 28 percent below the national average. 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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