A large fraction of take-home pay for Entry-Level Financial Advisors comes from commissions — just under a third on average, in fact. The median overall income in this field is approximately $52K. Overall cash earnings for Entry-Level Financial Advisors stretch from $31K on the lower end to $87K near the top, and the heftiest packages can encompass around $20K from bonuses and $15K from profit sharing. The particular firm and the particular city each impact pay for this group, with the former having the largest influence. A fair number enjoy medical while more than half get dental coverage. Vision coverage is also available to a little over a half. 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. Job satisfaction for Entry-Level Financial Advisors is high. This report is based on answers to PayScale's salary questionnaire.

$30,235 - $77,407
$30K
$50K
$77K
MEDIAN: $49,532
10%
50%
90%

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$10.93 - $25.86
$11
$17
$26
MEDIAN: $16.51
10%
50%
90%

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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
$30,235 - $77,407  
   
Bonus
$985 - $20,405  
Profit Sharing
$495.96 - $15,121  
Commission
$2,466 - $55,184  
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).
)
$31,372 - $87,370  
Country: United States | Currency: USD | Updated: 19 Jan 2017 | Individuals Reporting: 1,311
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
$10.93 - $25.86  
   
Hourly Tips
$3.33  
Overtime
$17.62 - $40.01  
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
$985 - $20,405  
   
Commission
$2,466 - $55,184  
Profit Sharing
$495.96 - $15,121  
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).
)
$31,372 - $87,370  
Country: United States | Currency: USD | Updated: 19 Jan 2017 | Individuals Reporting: 137

Find Out Exactly What You Should Be Paid

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Popular Employer Salaries for Financial Advisor


Known for taking on a considerable number of Entry-Level Financial Advisors, Edward Jones, Merrill Lynch & Co Inc, AXA Advisors LLC, Morgan Stanley, and Ameriprise Financial, Inc. are leading firms in the industry. For Entry-Level Financial Advisors, comfortable salaries can be found at Usaa Insurance; in fact, median earnings sit around $67K, the highest in the area. Entry-Level Financial Advisors will also find cushy salaries at Wells Fargo Advisors Financial Network, LLC (+$64K), Morgan Stanley (+$62K), and J.P. Morgan Chase & Co. (JPMCC) (+$62K).

AXA Advisors LLC employees cannot expect much in terms of compensation — the median salary amounts to only $36K, just about half of the top paying company's median. Other low-paying employers include Bbva Compass at $40K and The Northwestern Mutual Life Insurance Company at $45K, though some Entry-Level Financial Advisors there earn up to $152K.

Pay Difference by Location

National Average: $51,777

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

For Entry-Level Financial Advisors, busy New York offers a higher-than-average pay rate, 42 percent above the national average. Entry-Level Financial Advisors will also find cushy salaries in San Francisco (+41 percent), Dallas (+30 percent), Chicago (+19 percent), and Los Angeles (+19 percent). Trailing the national average by 16 percent, Boston is the market with the smallest paychecks. Employers pay around 6 percent less in San Diego and 4 percent less in Seattle, below-median salaries for those in this field.

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.

Key Stats for Financial Advisor

Gender

Female
29 %
Male
71 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 156 votes.
064
Less than 1 year
21%
1-4 years
65%
5-9 years
14%
Location:
Years in Fields/Career:
United States (change)

Skills That Affect Financial Advisor Salaries

Insurance
up arrow 19%







Client Interaction
up arrow 3%

Sales
0%

Financial Modeling
0%

Retirement Plan Administration
0%

National Average
$52,000

Microsoft Excel
up arrow 4%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 156 votes.

Gender

Female
29 %
Male
71 %

Common Health Benefits

medical benefits
Medical: 79%
dental benefits
Dental: 60%
vision benefits
Vision: 52%
dental benefits
None: 20%
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