Entry-Level Financial Advisor Salary

Commissions constitute a big slice (nearly two in five on average) of overall compensation for Entry-Level Financial Advisors, and the median take-home for this group lies near $50K. Total incomes of Entry-Level Financial Advisors incorporate potential for, in a few cases, more than $20K from bonuses and close to $12K from profit sharing; these performance components cause packages to range between $30K and $87K. The company is the biggest factor affecting pay for this group, followed by geography. Most enjoy medical while the greater part get dental coverage. Vision coverage is also available to just over a half. Most Entry-Level Financial Advisors report high levels of job satisfaction. Making up 74 percent of those who took the survey, male Entry-Level Financial Advisors greatly outnumber their female counterparts. Participants in PayScale's salary questionnaire provided the particulars of this report.

$28,995 - $74,037
(Median)
$29K
$46K
$74K
MEDIAN: $46,488
10%
50%
90%

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$10.28 - $25.48
(Median)
$10
$15
$25
MEDIAN: $15.00
10%
50%
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$30K$60K$90K
Salary
$28,995 - $74,037  
   
Bonus
$0.00 - $19,898  
Profit Sharing
$502 - $12,122  
Commission
$3,846 - $74,497  
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).
)
$29,921 - $87,157  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 1,416
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
$10.28 - $25.48  
   
Overtime
$8.07 - $33.24  
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 - $19,898  
   
Commission
$3,846 - $74,497  
Profit Sharing
$502 - $12,122  
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).
)
$29,921 - $87,157  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 136
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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, J.P. Morgan Chase & Co. (JPMCC), Edward Jones Investments, Edward Jones, and Ameriprise Financial, Inc. J.P. Morgan Chase & Co. (JPMCC) offers the largest salaries in town ($72K on average), but the considerable range in workers' salaries creates a rather varied pay scale that stretches from $29K to $126K. Entry-Level Financial Advisors can also look forward to large paychecks at Morgan Stanley ($57K), Wells Fargo & Co. ($55K), and Bank of America Corp. (BOFA) ($55K).

Others at the bottom of the scale for this job include AXA Advisors LLC at $43K, and Edward Jones Investments where $46K is the norm, but it is worth noting that some Entry-Level Financial Advisors there earn up to $81K.

Pay Difference by Location


Home to some of the best pay for Entry-Level Financial Advisors, Los Angeles offers exceptional salaries, 34 percent above the national average. Entry-Level Financial Advisors can also look forward to large paychecks in cities like San Francisco (+29 percent), Boston (+28 percent), Chicago (+28 percent), and New York (+27 percent). Atlanta is home to the smallest salaries in the field, lagging the national average by 17 percent. San Diego and Phoenix are a couple other places where companies are known to pay below the median — salaries are 5 percent lower and 2 percent lower, respectively.

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Skills That Affect Entry-Level Financial Advisor Salaries

Portfolio Management
up arrow 13%




up arrow 10%

Financial Analysis
up arrow 5%

Customer Relationship Management (CRM)
0%

National Average
$50,000

Microsoft Excel
up arrow 2%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 205 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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