Entry-Level Financial Advisor Salary (United States)

For Entry-Level Financial Advisors, commissions account for a significant portion of income and add up to 41 percent of their $48,671 annual pay. The company and the particular city each impact pay for this group, with the former having the largest influence. The greater part enjoy medical while a majority get dental coverage in this occupation. Vision coverage is also available to more than half. Male Entry-Level Financial Advisors are far more common in the field than their female counterparts, who typically comprise less than one-third of the field. Most workers in this position report high levels of job satisfaction. This report is based on answers to PayScale's salary questionnaire.
Entry-Level Financial Advisor Salary (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$26,226 - $72,681
(Median)
26K
35K
44K
57K
73K
MEDIAN: $43,957
10%
25%
50%
75%
90%
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Entry-Level Financial Advisor Salary (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$9.93 - $23.49
(Median)
9
12
14
17
23
MEDIAN: $14.00
10%
25%
50%
75%
90%
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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$29K$58K$87K
Salary
$26,226 - $72,681  
   
Bonus
$0.00 - $19,713  
Profit Sharing
$766 - $9,696  
Commission
$3,915 - $77,085  
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).
)
$28,915 - $86,679  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 1,494
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$15$30$45
Hourly Rate
$9.93 - $23.49  
   
Overtime
$7.62 - $33.05  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$30K$60K$90K
Bonus
$0.00 - $19,713  
   
Commission
$3,915 - $77,085  
Profit Sharing
$766 - $9,696  
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).
)
$28,915 - $86,679  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 152
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Financial Advisor Job Listings

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Popular Employer Salaries for Entry-Level Financial Advisor

Leading companies who hire large numbers of Entry-Level Financial Advisors include Merrill Lynch & Co Inc, Edward Jones Investments, J.P. Morgan Chase & Co. (JPMCC), Edward Jones, and Ameriprise Financial, Inc. Entry-Level Financial Advisors flock to J.P. Morgan Chase & Co. (JPMCC) for generous paychecks, where average earnings of $72,092 lead the pack in compensation; however, J.P. Morgan Chase & Co. (JPMCC) also provides employees with a wide spectrum of compensation ranging from $29K at one end to $126K at the other end. Other big spenders include Wells Fargo & Co., Merrill Lynch & Co Inc, and Wells Fargo Advisors Financial Network, LLC, top-paying firms where Entry-Level Financial Advisors see paychecks nearing $56,500, $55,573, or $48,595.
Edward Jones Investments offers the lowest pay in the field, with a median salary of just $44,621. Others at the bottom of the scale for this job include AXA Advisors LLC at $45,000, and Ameriprise Financial, Inc. where $45,719 is the norm, but it is worth noting that some Entry-Level Financial Advisors there earn up to $70K.

Pay Difference By Location

Los Angeles
up arrow 36%
San Francisco
up arrow 34%
up arrow 30%
Seattle
up arrow 20%
up arrow 15%
Charlotte
up arrow 11%
Houston
up arrow 5%
Dallas
up arrow 4%
National Average
$49,000
San Antonio
up arrow 4%
Portland
up arrow 6%
Columbus
up arrow 7%
Phoenix
up arrow 8%
Atlanta
up arrow 11%
St. Louis
up arrow 13%
San Diego
up arrow 15%
Larger circles over a city indicate a job is popular in that location.
Los Angeles offers some of the highest pay in the country for Entry-Level Financial Advisors, 36 percent above the national average. San Francisco, Chicago, Seattle, and New York are a few other cities that offer generous salaries, with Entry-Level Financial Advisors earning around 34 percent, 30 percent, 20 percent, and 15 percent more than average. Trailing the national average by 15 percent, San Diego is the market with the smallest paychecks. Two other places where employers offer below-median salaries are St. Louis (-13 percent) and Atlanta (-11 percent).
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Skills That Affect Entry-Level Financial Advisor Salaries

Portfolio Management
up arrow 22%
Investment Management
up arrow 18%
Sales
up arrow 16%
Investment Planning
up arrow 14%
Financial Analysis
up arrow 10%
Customer Relationship Management (CRM)
up arrow 3%
National Average
$49,000
Microsoft Excel
up arrow 7%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 336 votes.

Gender

Female
27%
female alumni
 
Male
73%
male alumni

Common Health Benefits

medical benefits Medical: 82% dental benefits Dental: 67%
vision benefits Vision: 53% employee benefits None: 17%