Entry-Level Financial Advisor Salary

Total annual pay for Entry-Level Financial Advisors is approximately $51K, and commissions account for a significant portion of this final number — about two-fifths on average. Total incomes of Entry-Level Financial Advisors incorporate potential for, in a few cases, more than $20K from bonuses and close to $15K from profit sharing; these performance components cause packages to range between $30K and $91K. The company is the biggest factor affecting pay for this group, followed by geography. Work is enjoyable for Entry-Level Financial Advisors, who typically claim high levels of job satisfaction. 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. A strong majority report receiving medical coverage from their employers and the larger part collect dental insurance. Figures cited in this summary are based on replies to PayScale's salary questionnaire.

$29,582 - $76,966
(Median)
$30K
$48K
$77K
MEDIAN: $48,181
10%
50%
90%

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$10.37 - $24.91
(Median)
$10
$15
$25
MEDIAN: $15.00
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$31K$62K$93K
Salary
$29,582 - $76,966  
   
Bonus
$0.00 - $20,154  
Profit Sharing
$493.16 - $14,967  
Commission
$3,750 - $74,302  
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).
)
$30,470 - $90,803  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 1,611
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$16$32$48
Hourly Rate
$10.37 - $24.91  
   
Hourly Tips
$3.33  
Overtime
$8.00 - $34.00  
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$32K$64K$96K
Bonus
$0.00 - $20,154  
   
Commission
$3,750 - $74,302  
Profit Sharing
$493.16 - $14,967  
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).
)
$30,470 - $90,803  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 152
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Financial Advisor Job Listings

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Popular Employer Salaries for Financial Advisor


Known for taking on a considerable number of Entry-Level Financial Advisors, Merrill Lynch & Co Inc, J.P. Morgan Chase & Co. (JPMCC), Edward Jones Investments, Edward Jones, and Ameriprise Financial, Inc. are leading firms in the industry. The biggest paychecks can be found at J.P. Morgan Chase & Co. (JPMCC) — the median salary there is $72K; however, employees are subject to a wide range in pay, with the lowest salaries sitting near $29K and highest ones in the neighborhood of $126K. Other leaders in compensation levels are Usaa Insurance at $62K, New York Life Insurance Company at $60K, and Morgan Stanley, where Entry-Level Financial Advisors annually earn $58K.

With a median salary of only $31K (less than half of the top paying company's rate), Waddell & Reed Financial Inc lags significantly in the earnings department. Others at the bottom of the scale for this job include Bbva Compass at $33K, and AXA Advisors LLC where $40K is the norm, but it is worth noting that some Entry-Level Financial Advisors there earn up to $72K.

Pay Difference by Location

National Average: $51,038

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

For Entry-Level Financial Advisors, working in the bustling city of San Francisco has its advantages, including an above-average pay rate. Entry-Level Financial Advisors can also look forward to large paychecks in cities like Dallas (+24 percent), Chicago (+23 percent), New York (+20 percent), and Boston (+18 percent). The lowest-paying market is Atlanta, which sits 16 percent below the national average. Employers also pay below the national average in San Diego (14 percent lower) and Houston (7 percent lower).

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Skills That Affect Financial Advisor Salaries

Portfolio Management
up arrow 14%




Financial Analysis
up arrow 8%

Sales
up arrow 4%

Customer Relationship Management (CRM)
up arrow 1%

National Average
$51,000

Microsoft Excel
up arrow 2%

Client Interaction
up arrow 2%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 203 votes.

Gender

Female
27 %
Male
73 %

Common Health Benefits

medical benefits
Medical: 80%
dental benefits
Dental: 64%
medical benefits
Vision: 55%
dental benefits
None: 19%
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