Entry-Level Financial Advisor Salary

Total annual pay for Entry-Level Financial Advisors is approximately $52K, and commissions account for a significant portion of this final number — just under one in three on average. Total cash compensation to Entry-Level Financial Advisors approaches anywhere from $31K on the lower end to $88K on the higher end; in exceptional cases, this can include more than $20K from bonuses and upwards of $15K from profit sharing. The particular firm and the particular city each impact pay for this group, with the former having the largest influence. Health benefits are not claimed by all — about a fifth lack any form of coverage — but a fair number have medical insurance, and the larger part have dental, too. Most Entry-Level Financial Advisors like their work and job satisfaction is high. This overview is based on answers to PayScale's salary questionnaire.

$30,118 - $77,762
$30K
$49K
$78K
MEDIAN: $49,441
10%
50%
90%

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$10.76 - $25.12
$11
$17
$25
MEDIAN: $16.58
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
$30,118 - $77,762  
   
Bonus
$1,002 - $20,356  
Profit Sharing
$493.16 - $15,271  
Commission
$2,483 - $54,631  
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).
)
$31,219 - $88,499  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 1,254
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
$10.76 - $25.12  
   
Hourly Tips
$3.33  
Overtime
$17.00 - $40.32  
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
$1,002 - $20,356  
   
Commission
$2,483 - $54,631  
Profit Sharing
$493.16 - $15,271  
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).
)
$31,219 - $88,499  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 133

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Popular Employer Salaries for Financial Advisor


Entry-Level Financial Advisors fill the offices of leading firms Edward Jones, Merrill Lynch & Co Inc, AXA Advisors LLC, Morgan Stanley, and Ameriprise Financial, Inc. Those at Usaa Insurance can expect to make the most, with the company offering a median salary of $67K. Also paying near the top of the field are Wells Fargo Advisors Financial Network, LLC at $64K, Morgan Stanley at $62K, and J.P. Morgan Chase & Co. (JPMCC), where Entry-Level Financial Advisors annually earn $62K.

With a median salary of only $36K (just about half of the top paying company's median), AXA Advisors LLC lags significantly in the earnings department. Also sliding in at the lower end of the scale are Bbva Compass ($40K), The Northwestern Mutual Life Insurance Company ($43K), and Edward Jones Investments ($46K).

Pay Difference by Location

National Average: $51,711

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

Home to some of the best pay for Entry-Level Financial Advisors, San Francisco offers exceptional salaries, 48 percent above the national average. Entry-Level Financial Advisors will also find cushy salaries in New York (+40 percent), Dallas (+29 percent), Austin (+23 percent), and Los Angeles (+22 percent). The smallest paychecks in the market, 12 percent south of the national average, can be found in Seattle. Employers pay around 6 percent less in San Diego and 5 percent less in Jacksonville, 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
30 %
Male
70 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 147 votes.
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
▲21%








Financial Modeling
▲4%

Retirement Plan Administration
▼0%

National Average
$52,000

▼1%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 147 votes.

Gender

Female
30 %
Male
70 %

Common Health Benefits

medical benefits
Medical: 78%
dental benefits
Dental: 59%
vision benefits
Vision: 51%
dental benefits
None: 20%
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