Entry-Level Financial Advisor Salary

Commissions comprise a big part of overall income for Entry-Level Financial Advisors. The median take-home amount in this area is around $52K, and on average, just under one in three of that final number comes from commissions. With some bonuses approaching $20K and certain profit sharing proceeds approaching $14K, overall incomes of Entry-Level Financial Advisors spread between $31K and $89K depending on individual performance. The specific employer and the particular city each impact pay for this group, with the former having the largest influence. The majority of workers are highly satisfied with their job. Male Entry-Level Financial Advisors are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. Not all workers are lucky enough to have benefits; in fact, roughly a fifth are without coverage. Medical insurance is claimed by a fair number and dental insurance is reported by the greater part. This overview is based on answers to PayScale's salary questionnaire.

$30,643 - $78,747
$31K
$50K
$79K
MEDIAN: $49,725
10%
50%
90%

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$11.39 - $25.55
$11
$16
$26
MEDIAN: $16.07
10%
50%
90%

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$0$88K
Salary $30,643 - $78,747
Bonus $1,001 - $20,486
Profit Sharing $502 - $14,446
Commission $2,909 - $50,644
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).
)
$31,401 - $88,880
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 1,371
Hourly Data $0$41
Hourly Rate $11.39 - $25.55
Hourly Tips $5.37
Overtime $18.88 - $41.71
Annual Data $0$88K
Bonus $1,001 - $20,486
Commission $2,909 - $50,644
Profit Sharing $502 - $14,446
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).
)
$31,401 - $88,880
  • Country: United States
  • Currency: USD
  • Updated: 11 Jul 2017
  • Individuals Reporting: 161

Find Out Exactly What You Should Be Paid

United States (change)

Employers: Start Here »

Financial Advisor Job Listings

Popular Employer Salaries for Financial Advisor


Edward Jones, Merrill Lynch & Co Inc, AXA Advisors LLC, Morgan Stanley, and Ameriprise Financial, Inc. are all popular places to work. Usaa Insurance offers the largest salaries in town — $67K on average. Other leaders in compensation levels are Wells Fargo Advisors Financial Network, LLC at $64K, Morgan Stanley at $62K, and J.P. Morgan Chase & Co. (JPMCC), where Entry-Level Financial Advisors annually earn $62K.

AXA Advisors LLC pays significantly less than other places with a median salary of $36K, just about half of the top paying company's median. A few other companies with smaller-than-average paychecks include Bbva Compass ($40K), The Northwestern Mutual Life Insurance Company ($43K), and Edward Jones Investments ($46K).

Pay Difference by Location

National Average: $51,891

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

Entry-Level Financial Advisors will find that San Francisco offers an impressive pay rate, one which exceeds the national average by 48 percent. Entry-Level Financial Advisors will also find cushy salaries in New York (+40 percent), Dallas (+29 percent), Austin (+22 percent), and Los Angeles (+21 percent). Seattle ranks last in the field for pay, reporting salaries 12 percent below the national average. A couple other locations with smaller-than-average paychecks include San Diego and Jacksonville (6 percent lower).

Financial Advisor Advice

Q: What do you wish you knew about your job when you first started out?

Financial Advisor in Philadelphia:
"You have to like people."
This is a people business. Clients will care more about how much you care than how much you know, or how much money you can help them make.

Financial Advisor in Sayre:
"Time Management."
What I do is time management. I study processes and attach a time frame. I then take that time frame and turn it into cost.

Financial Advisor in Provo:
"More marketing expertise."
Learn to be a savvy marketer!

Financial Advisor in Dallas:
"Only for those with no experience."
LEAN PROCESS has distroyed the sales division. You cannot conduct outbound sales that involves giving real financial advice and paperwork over the phone when you have 15 mins for each customer.

Financial Advisor in Evansville:
You need to be willing to work harder than everybody else.

Key Stats for Financial Advisor

Gender

Female
30 %
Male
70 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 183 votes.
Less than 1 year
20%
1-4 years
65%
5-9 years
14%
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Location:
Years in Fields/Career:
United States (change)

Skills That Affect Financial Advisor Salaries

Insurance
▲20%








Financial Modeling
▲4%

Retirement Plan Administration
▼0%

National Average
$52,000

▼2%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 183 votes.

Gender

Female
30 %
Male
70 %

Common Health Benefits

medical benefits
Medical: 78%
dental benefits
Dental: 59%
vision benefits
Vision: 52%
no benefits
None: 21%
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