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 $50K across the industry. Including potential for bonuses and profit sharing — peaking near $20K and $13K, respectively — total cash payment to Entry-Level Financial Advisors can bottom out near $30K or peak near $87K depending on individual performance. The company is the biggest factor affecting pay for this group, followed by geography. Most enjoy medical while more than half get dental coverage. Vision coverage is also available to more than half. Most Entry-Level Financial Advisors report 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. This report is based on answers to PayScale's salary questionnaire.

$29,045 - $74,146
(Median)
$29K
$47K
$74K
MEDIAN: $46,580
10%
50%
90%

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$10.43 - $25.59
(Median)
$10
$15
$26
MEDIAN: $15.00
10%
50%
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$30K$60K$90K
Salary
$29,045 - $74,146  
   
Bonus
$0.00 - $19,862  
Profit Sharing
$499.17 - $12,605  
Commission
$3,846 - $74,497  
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).
)
$30,002 - $87,396  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 1,413
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
$10.43 - $25.59  
   
Overtime
$8.07 - $33.24  
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 - $19,862  
   
Commission
$3,846 - $74,497  
Profit Sharing
$499.17 - $12,605  
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).
)
$30,002 - $87,396  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 133
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Popular Employer Salaries for Entry-Level Financial Advisor


Well-known firms with a reputation for hiring numerous Entry-Level Financial Advisors include Merrill Lynch & Co Inc, J.P. Morgan Chase & Co. (JPMCC), Edward Jones Investments, Ameriprise Financial, Inc., and Edward Jones. Entry-Level Financial Advisors seeking a sizable paycheck can earn the most at J.P. Morgan Chase & Co. (JPMCC), where the median salary comes to $72K, though the large pay difference between employees at the top ($29K) and those starting out ($126K) creates a rather diverse pay scale. Other big spenders include Edward Jones, Morgan Stanley, and Wells Fargo & Co., top-paying firms where Entry-Level Financial Advisors see paychecks nearing $57K, $57K, or $55K.

Others at the bottom of the scale for this job include AXA Advisors LLC at $43K, and Edward Jones Investments where $46K is the norm, but it is worth noting that some Entry-Level Financial Advisors there earn up to $81K.

Pay Difference by Location


With a pay rate for Entry-Level Financial Advisors that is 31 percent greater than the national average, Los Angeles offers a comfortable salary for those in this profession. Entry-Level Financial Advisors can also look forward to large paychecks in cities like San Francisco (+29 percent), Boston (+28 percent), Chicago (+28 percent), and New York (+26 percent). Atlanta is the lowest-paying area, 15 percent south of the national average. San Diego and Columbus are a couple other places where companies are known to pay below the median — salaries are 5 percent lower and 2 percent lower, respectively.

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Skills That Affect Entry-Level Financial Advisor Salaries

Portfolio Management
up arrow 13%




up arrow 10%

Financial Analysis
up arrow 5%

Customer Relationship Management (CRM)
0%

National Average
$50,000

Microsoft Excel
up arrow 2%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 200 votes.

Gender

Female
26 %
Male
74 %

Common Health Benefits

medical benefits Medical: 81% dental benefits Dental: 66%
vision benefits Vision: 55% employee benefits None: 18%
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