Mid-Career Financial Advisor Salary

The median total income of Mid-Career Financial Advisors is around $76K, and for the average worker in this area, a good chunk of that (two-fifths, in fact) comes from commissions. Overall cash earnings for Mid-Career Financial Advisors stretch from $43K on the lower end to $145K near the top, and the heftiest packages can encompass around $41K from bonuses and $18K from profit sharing. The specific employer is the biggest factor affecting pay for this group, followed by geography. 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. Job satisfaction is reported as high by the vast majority of workers. A strong majority report receiving medical coverage from their employers and more than half collect dental insurance. This report is based on answers to PayScale's salary questionnaire.

$38,930 - $108,228
$39K
$63K
$110K
MEDIAN: $62,985
10%
50%
90%

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$12.23 - $35.08
$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
$38,930 - $108,228  
   
Bonus
$2,070 - $40,851  
Profit Sharing
$1,163 - $17,620  
Commission
$4,932 - $146,807  
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).
)
$42,786 - $145,192  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 556
© PayScale, Inc. @ www.payscale.com
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
$12.23 - $35.08  
   
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
$2,070 - $40,851  
   
Commission
$4,932 - $146,807  
Profit Sharing
$1,163 - $17,620  
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).
)
$42,786 - $145,192  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 29
© PayScale, Inc. @ www.payscale.com

Find Out Exactly What You Should Be Paid

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Financial Advisor Job Listings

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Popular Employer Salaries for Financial Advisor


Edward Jones, Merrill Lynch & Co Inc, Ameriprise Financial, Inc., Usaa Insurance, and TIAA-CREF are all popular places to work. TIAA-CREF leads the field in terms of pay, with a median salary of $122K. Mid-Career Financial Advisors can also look forward to large paychecks at Edward Jones ($90K), Merrill Lynch & Co Inc ($82K), and Usaa Insurance ($72K).

Workers also receive paychecks lighter than average at Ameriprise Financial, Inc. ($69K), J.P. Morgan Chase & Co. (JPMCC) ($69K), and Usaa Insurance ($72K).

Pay Difference by Location

National Average: $76,396

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

For Mid-Career Financial Advisors, busy Chicago offers a higher-than-average pay rate, 31 percent above the national average. Mid-Career Financial Advisors can also look forward to large paychecks in cities like Atlanta (+29 percent), New York (+28 percent), Columbus (+24 percent), and Los Angeles (+23 percent). Mid-Career Financial Advisors in Jacksonville make 31 percent less than the national average, proving that location is a major factor in pay. Not at the bottom but still paying below the median are employers in Charlotte and Seattle (18 percent lower and 7 percent lower, respectively).

Key Stats for Financial Advisor

Gender

Female
29 %
Male
71 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 85 votes.
5-9 years
76%
10-19 years
24%
Location:
Years in Fields/Career:
United States (change)

Skills That Affect Financial Advisor Salaries


Financial Modeling
▲18%

Insurance
▲16%

Portfolio Management
▲10%



Sales
▲5%

Financial Analysis
▲5%

Microsoft Excel
▲5%


Client Interaction
▲3%

National Average
$76,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 85 votes.

Gender

Female
29 %
Male
71 %

Common Health Benefits

medical benefits
Medical: 79%
dental benefits
Dental: 64%
vision benefits
Vision: 56%
dental benefits
None: 18%
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