Mid-Career Financial Advisor Salary

Commissions form a big slice (half) 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 $153K near the top, and the heftiest packages can encompass around $30K 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. A large number report receiving medical coverage from their employers and a majority collect dental insurance. The majority of workers are highly satisfied with their job. This overview is based on answers to PayScale's salary questionnaire.

$33,154 - $117,733

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$10.21 - $39.73

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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$60K$120K$180K
Salary
$33,154 - $117,733  
   
Bonus
$0.00 - $30,334  
Profit Sharing
$1,181 - $14,795  
Commission
$4,146 - $153,553  
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).
)
$41,694 - $153,495  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 721
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$30$60$90
Hourly Rate
$10.21 - $39.73  
   
Overtime
$22.51 - $44.77  
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$60K$120K$180K
Bonus
$0.00 - $30,334  
   
Commission
$4,146 - $153,553  
Profit Sharing
$1,181 - $14,795  
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).
)
$41,694 - $153,495  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 30
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Popular Employer Salaries for Mid-Career Financial Advisor


Mid-Career Financial Advisors flock to Merrill Lynch & Co Inc, Ameriprise Financial, Inc., Usaa Insurance, AXA Advisors LLC, and Edward Jones, highly regarded companies that employ a generous number of people in this profession. Edward Jones offers the largest salaries in town — $113K on average.

The lowest pay by far can be found at AXA Advisors LLC — this employer offers a median salary of $66K, 71 percent lower than the top payer.

Pay Difference by Location


For Mid-Career Financial Advisors, working in the bustling city of New York has its advantages, including an above-average pay rate. Mid-Career Financial Advisors will also find cushy salaries in St. Louis (+23 percent), Dallas (+23 percent), Houston (+20 percent), and Los Angeles (+18 percent). Mid-Career Financial Advisors in Phoenix report much lower salaries than the rest of the country — 26 percent below the national average — proving that residence is a major factor in overall pay. Employers also pay below the national average in Tampa (22 percent lower) and Charlotte (8 percent lower).

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Skills That Affect Mid-Career Financial Advisor Salaries

Portfolio Management
up arrow 17%

Sales
up arrow 8%


Investment Management
up arrow 7%

Investment Planning
up arrow 3%

Financial Analysis
up arrow 2%

National Average
$77,000

Customer Relationship Management (CRM)
up arrow 7%

Microsoft Excel
up arrow 15%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 122 votes.

Gender

Female
22 %
Male
78 %

Common Health Benefits

medical benefits Medical: 83% dental benefits Dental: 69%
vision benefits Vision: 57% employee benefits None: 15%
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