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Entry-Level Financial Advisor Salary

Total annual pay for Entry-Level Financial Advisors is approximately $50K, and commissions account for a significant portion of this final number — close to two-fifths on average. Cash earnings for Entry-Level Financial Advisors — which occasionally include more than $20K from bonuses and more than $12K from profit sharing — stretch from around $30K to approximately $87K. The company and the particular city each impact pay for this group, with the former having the largest influence. Job satisfaction is reported as high by the vast majority of workers. A large number enjoy medical while more than half get dental coverage. Vision coverage is also available to a little over a half. Most Entry-Level Financial Advisors survey respondents are men (75 percent). The information for this snapshot was generated by responses to the PayScale salary survey.

$28,666 - $74,595
(Median)
$29K
$46K
$75K
MEDIAN: $46,165
10%
50%
90%

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$10.26 - $25.01
(Median)
$10
$15
$25
MEDIAN: $14.00
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
$28,666 - $74,595  
   
Bonus
$0.00 - $19,858  
Profit Sharing
$498.89 - $11,836  
Commission
$3,903 - $73,974  
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).
)
$29,740 - $87,415  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 1,399
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
$10.26 - $25.01  
   
Overtime
$7.36 - $33.06  
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 - $19,858  
   
Commission
$3,903 - $73,974  
Profit Sharing
$498.89 - $11,836  
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).
)
$29,740 - $87,415  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 137

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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, Edward Jones, and Ameriprise Financial, Inc. are some prominent firms with considerable interest in employing a large team of Entry-Level Financial Advisors. For Entry-Level Financial Advisors, comfortable salaries can be found at J.P. Morgan Chase & Co. (JPMCC); in fact, average earnings are around $72K, the highest in the area, though the difference in the company's lowest and highest employee paychecks ($29K versus $126K) is great. Other employers shelling out big bucks include Morgan Stanley, Edward Jones, and Wells Fargo & Co., where Entry-Level Financial Advisors typically earn around $59K, $56K, or $55K, respectively.

Other low-paying employers include AXA Advisors LLC at $43K and Ameriprise Financial, Inc. at $46K, though some Entry-Level Financial Advisors there earn up to $68K.

Pay Difference by Location


Home to some of the best pay for Entry-Level Financial Advisors, Los Angeles offers exceptional salaries, 29 percent above the national average. Entry-Level Financial Advisors will also find cushy salaries in Boston (+29 percent), Chicago (+28 percent), New York (+26 percent), and San Francisco (+24 percent). Falling short of the national average by 16 percent, the area with the worst salaries is Atlanta. Not at the bottom but still paying below the median are employers in Phoenix and San Diego (6 percent lower and 5 percent lower, respectively).

United States (change)

Skills That Affect Entry-Level Financial Advisor Salaries

up arrow 13%

Portfolio Management
up arrow 13%




Financial Analysis
up arrow 6%

Customer Relationship Management (CRM)
up arrow 1%

National Average
$50,000

Microsoft Excel
up arrow 1%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 227 votes.

Gender

Female
25 %
Male
75 %

Common Health Benefits

medical benefits Medical: 80% dental benefits Dental: 65%
vision benefits Vision: 54% employee benefits None: 18%
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