Entry-Level Financial Advisor Salary (United States)

With more than three-quarters of Entry-Level Financial Advisors reporting fewer than five years of experience, the field is full of relatively green workers making an average of $48,671 per year. Individual bonuses, profit sharing and commission for Entry-Level Financial Advisors—as high as $19,713, $9,696 and $77K, respectively—each contribute to the degree of variability within cash compensation, ranging from $26,226 to $72,681. The specific employer is the biggest factor affecting pay for this group, followed by the particular city. Most enjoy medical and dental coverage in this occupation, and more than half get vision benefits. Generally, women make up less than a third of all Entry-Level Financial Advisors. The majority of Entry-Level Financial Advisors claim high levels of job satisfaction. Respondents to the PayScale salary survey provided the data for this report.
Entry-Level Financial Advisor Salary (?
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.
)
$26,226 - $72,681
(Median)
26K
35K
44K
57K
73K
MEDIAN: $43,957
10%
25%
50%
75%
90%
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Entry-Level Financial Advisor Salary (?
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.
)
$9.93 - $23.49
(Median)
9
12
14
17
23
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
$26,226 - $72,681  
   
Bonus
$0.00 - $19,713  
Profit Sharing
$766 - $9,696  
Commission
$3,915 - $77,085  
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).
)
$28,915 - $86,679  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 1,494
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
$9.93 - $23.49  
   
Overtime
$7.62 - $33.05  
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 - $19,713  
   
Commission
$3,915 - $77,085  
Profit Sharing
$766 - $9,696  
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).
)
$28,915 - $86,679  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 152
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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. The biggest paychecks can be found at J.P. Morgan Chase & Co. (JPMCC)—the median salary there is $72,092; however, employees are subject to a wide range in pay, with salaries starting at only $29K and climbing to $126K. Other leaders in compensation levels are Wells Fargo & Co. at $56,500, Merrill Lynch & Co Inc at $55,573, and Wells Fargo Advisors Financial Network, LLC, where Entry-Level Financial Advisors annually earn $48,595.
Edward Jones Investments offers the smallest salaries in town—$44,621 on average—but the considerable range in workers' salaries (stretching from $28K to $82K) creates a rather varied pay scale. Others at the bottom of the scale for this job include AXA Advisors LLC at $45,000, and Ameriprise Financial, Inc. where $45,719 is the norm, but it is worth noting that some Entry-Level Financial Advisors there earn up to $70K.

Pay Difference By Location

Los Angeles
up arrow 36%
San Francisco
up arrow 34%
up arrow 30%
Seattle
up arrow 20%
up arrow 15%
Charlotte
up arrow 11%
Houston
up arrow 5%
Dallas
up arrow 4%
National Average
$49,000
San Antonio
up arrow 4%
Portland
up arrow 6%
Columbus
up arrow 7%
Phoenix
up arrow 8%
Atlanta
up arrow 11%
St. Louis
up arrow 13%
San Diego
up arrow 15%
Larger circles over a city indicate a job is popular in that location.
For Entry-Level Financial Advisors, Los Angeles provides a pay rate that is 36 percent greater than the national average. San Francisco, Chicago, Seattle, and New York also offer top salaries for Entry-Level Financial Advisors. Workers in these cities can expect to earn about 34 percent, 30 percent, 20 percent, and 15 percent more, respectively. San Diego is the lowest-paying area, 15 percent south of the national average. Two other places where employers offer below-median salaries are St. Louis (-13 percent) and Atlanta (-11 percent).

Skills That Affect Entry-Level Financial Advisor Salaries

Portfolio Management
up arrow 22%
Investment Management
up arrow 18%
Sales
up arrow 16%
Investment Planning
up arrow 14%
Financial Analysis
up arrow 10%
Customer Relationship Management (CRM)
up arrow 3%
National Average
$49,000
Microsoft Excel
up arrow 7%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 336 votes.

Gender

Female
27%
female alumni
 
Male
73%
male alumni

Common Health Benefits

medical benefits Medical: 82% dental benefits Dental: 67%
vision benefits Vision: 53% employee benefits None: 17%
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