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Entry-Level Financial Advisor Salary

On average, commissions constitute a fair portion (two-fifths) of final income for Entry-Level Financial Advisors. That final number averages out to $49K across the industry. In the world of Entry-Level Financial Advisors, overall cash allowance can occasionally include more than $20K from bonuses and, in some exceptional cases, $10K from profit sharing, causing incomes to vary widely between $29K and $86K. The particular firm is the biggest factor affecting pay for this group, followed by geography. Generally, women make up less than a third of all Entry-Level Financial Advisors who answered the questionnnaire. Most report receiving medical coverage from their employers and the greater part collect dental insurance. For the most part, Entry-Level Financial Advisors enjoy their work and report high levels of job satisfaction. The data for this snapshot was collected from individuals who took PayScale's salary survey.
$26,761 - $73,030
(Median)
27K
35K
44K
58K
73K
MEDIAN: $44,278
10%
25%
50%
75%
90%

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$10.23 - $24.29
(Median)
10
12
15
19
24
MEDIAN: $14.00
10%
25%
50%
75%
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$29K$58K$87K
Salary
$26,761 - $73,030  
   
Bonus
$0.00 - $19,629  
Profit Sharing
$740 - $10,284  
Commission
$3,890 - $70,957  
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).
)
$29,231 - $86,370  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 1,431
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
$10.23 - $24.29  
   
Overtime
$7.43 - $32.79  
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 - $19,629  
   
Commission
$3,890 - $70,957  
Profit Sharing
$740 - $10,284  
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).
)
$29,231 - $86,370  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 145
United States (change)

Financial Advisor Job Listings

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Popular Employer Salaries for Entry-Level Financial Advisor


Merrill Lynch & Co Inc, Edward Jones Investments, J.P. Morgan Chase & Co. (JPMCC), Edward Jones, and Ameriprise Financial, Inc. are all popular places to work. J.P. Morgan Chase & Co. (JPMCC) pays the most with a median salary of $72K, though with a large amount of variation, going from a low of $29K to a high of $126K. Other leaders in compensation levels are Morgan Stanley at $56K, Wells Fargo & Co. at $55K, and Merrill Lynch & Co Inc, where Entry-Level Financial Advisors annually earn $53K.

Though lagging the field in terms of compensation — AXA Advisors LLC offers the lowest median salary at $45K — pay within the company still varies considerably between $32K and $117K. Others at the bottom of the scale for this job include Ameriprise Financial, Inc. at $45K, and Edward Jones Investments where $46K is the norm, but it is worth noting that some Entry-Level Financial Advisors there earn up to $95K.

Pay Difference by Location


For Entry-Level Financial Advisors, busy Los Angeles offers a higher-than-average pay rate, 34 percent above the national average. Entry-Level Financial Advisors can also look forward to large paychecks in cities like San Francisco (+32 percent), Boston (+31 percent), Chicago (+27 percent), and New York (+18 percent). The lowest-paying market is St. Louis, which sits 16 percent below the national average. Atlanta and Columbus are a couple other places where companies are known to pay below the median — salaries are 13 percent lower and 12 percent lower, respectively.

Skills That Affect Entry-Level Financial Advisor Salaries

Portfolio Management
up arrow 20%


up arrow 15%

Investment Management
up arrow 15%


Financial Analysis
up arrow 9%

Customer Relationship Management (CRM)
up arrow 3%

National Average
$49,000

Microsoft Excel
up arrow 1%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 283 votes.

Gender

Female
26 %
Male
74 %

Common Health Benefits

medical benefits Medical: 81% dental benefits Dental: 66%
vision benefits Vision: 53% employee benefits None: 18%