Entry-Level Financial Advisor Salary

Commissions form a big slice (close to two-fifths) of total compensation for Entry-Level Financial Advisors. The median income in this area hovers around $51K. Total cash earnings of Entry-Level Financial Advisors range from $30K on the low end to $91K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $20K and $15K, respectively. The specific employer is the biggest factor affecting pay for this group, followed by geography. A strong majority enjoy medical while a majority get dental coverage. Vision coverage is also available to a little over a half. Generally, women make up less than a third of all Entry-Level Financial Advisors who answered the questionnnaire. Most Entry-Level Financial Advisors like their work and job satisfaction is high. This overview is based on answers to PayScale's salary questionnaire.

$29,582 - $76,966
(Median)
$30K
$48K
$77K
MEDIAN: $48,181
10%
50%
90%

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$10.37 - $24.91
(Median)
$10
$15
$25
MEDIAN: $15.00
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$31K$62K$93K
Salary
$29,582 - $76,966  
   
Bonus
$0.00 - $20,154  
Profit Sharing
$493.16 - $14,967  
Commission
$3,750 - $74,302  
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).
)
$30,470 - $90,803  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 1,611
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$16$32$48
Hourly Rate
$10.37 - $24.91  
   
Hourly Tips
$3.33  
Overtime
$8.00 - $34.00  
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$32K$64K$96K
Bonus
$0.00 - $20,154  
   
Commission
$3,750 - $74,302  
Profit Sharing
$493.16 - $14,967  
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).
)
$30,470 - $90,803  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 152
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Financial Advisor Job Listings

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Popular Employer Salaries for Financial Advisor


Entry-Level Financial Advisors flock to Merrill Lynch & Co Inc, J.P. Morgan Chase & Co. (JPMCC), Edward Jones Investments, Edward Jones, and Ameriprise Financial, Inc., highly regarded companies that employ a generous number of people in this profession. J.P. Morgan Chase & Co. (JPMCC) pays the most with a median salary of $72K, though with a large amount of variation, going from a low of $29K to a high of $126K. Those in search of high salaries should also consider Usaa Insurance, New York Life Insurance Company, and Morgan Stanley, top-paying firms where Entry-Level Financial Advisors rake in a comfortable $62K, $60K, or $58K, respectively.

The smallest paychecks in the field are found at Waddell & Reed Financial Inc, where the median salary is a mere $31K, less than half of the top paying company's rate. Others at the bottom of the scale for this job include Bbva Compass at $33K, and AXA Advisors LLC where $40K is the norm, but it is worth noting that some Entry-Level Financial Advisors there earn up to $72K.

Pay Difference by Location

National Average: $51,038

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

San Francisco is home to an above-average pay rate for Entry-Level Financial Advisors, 41 percent higher than the national average. Entry-Level Financial Advisors can also look forward to large paychecks in cities like Dallas (+24 percent), Chicago (+23 percent), New York (+20 percent), and Boston (+18 percent). Atlanta ranks last in the field for pay, reporting salaries 16 percent below the national average. Not at the bottom but still paying below the median are employers in San Diego and Houston (14 percent lower and 7 percent lower, respectively).

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Skills That Affect Financial Advisor Salaries

Portfolio Management
up arrow 14%




Financial Analysis
up arrow 8%

Sales
up arrow 4%

Customer Relationship Management (CRM)
up arrow 1%

National Average
$51,000

Microsoft Excel
up arrow 2%

Client Interaction
up arrow 2%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 203 votes.

Gender

Female
27 %
Male
73 %

Common Health Benefits

medical benefits
Medical: 80%
dental benefits
Dental: 64%
medical benefits
Vision: 55%
dental benefits
None: 19%
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