Entry-Level Financial Advisor Salary

Commissions form a big slice (nearly two in five) of total compensation for Entry-Level Financial Advisors. The median income in this area hovers around $50K. In the world of Entry-Level Financial Advisors, overall income ranges from $30K near the bottom to $87K at the top; this can include more than $20K from bonuses and more than $15K from profit sharing in exceptional cases. The specific employer and the particular city each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to a large number, and the greater part earn dental coverage. The majority of workers are highly satisfied with their job. Most Entry-Level Financial Advisors survey respondents are men (74 percent). Respondents to the PayScale salary survey provided the data for this report.

$29,039 - $74,109

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$10.38 - $25.67

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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$30K$60K$90K
Salary
$29,039 - $74,109  
   
Bonus
$0.00 - $19,724  
Profit Sharing
$493.16 - $14,681  
Commission
$3,822 - $73,553  
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).
)
$30,049 - $87,255  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 1,421
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$15$30$45
Hourly Rate
$10.38 - $25.67  
   
Overtime
$8.00 - $33.29  
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$30K$60K$90K
Bonus
$0.00 - $19,724  
   
Commission
$3,822 - $73,553  
Profit Sharing
$493.16 - $14,681  
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).
)
$30,049 - $87,255  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 131
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Popular Employer Salaries for Entry-Level Financial Advisor


Merrill Lynch & Co Inc, J.P. Morgan Chase & Co. (JPMCC), Edward Jones Investments, Ameriprise Financial, Inc., and Edward Jones are all popular places to work. J.P. Morgan Chase & Co. (JPMCC) does shell out the biggest paychecks — the median in that office is $72K — but the company pay scale is greatly mixed, meaning that workers on the low end may earn only $29K while workers on the upper end may rake in up to $126K. Also paying near the top of the field are Usaa Insurance at $62K, Edward Jones at $57K, and Morgan Stanley, where Entry-Level Financial Advisors annually earn $57K.

Other low-paying employers include AXA Advisors LLC at $40K and Edward Jones Investments at $46K, though some Entry-Level Financial Advisors there earn up to $81K.

Pay Difference by Location


Entry-Level Financial Advisors will find that San Francisco offers an impressive pay rate, one which exceeds the national average by 31 percent. Entry-Level Financial Advisors will also find cushy salaries in Los Angeles (+31 percent), Boston (+28 percent), New York (+27 percent), and Chicago (+27 percent). Atlanta ranks last in the field for pay, reporting salaries 13 percent below the national average. Below-median salaries also turn up in San Diego and Columbus (6 percent lower and 3 percent lower, respectively).

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Skills That Affect Entry-Level Financial Advisor Salaries

Portfolio Management
up arrow 16%




up arrow 8%

Financial Analysis
up arrow 6%

Customer Relationship Management (CRM)
0%

National Average
$50,000

Microsoft Excel
up arrow 1%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 193 votes.

Gender

Female
26 %
Male
74 %

Common Health Benefits

medical benefits Medical: 81% dental benefits Dental: 65%
vision benefits Vision: 55% employee benefits None: 18%
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