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Entry-Level Financial Advisor Salary

Total annual pay for Entry-Level Financial Advisors is approximately $50K, and commissions account for a significant portion of this final number — two in five on average. Overall cash earnings for Entry-Level Financial Advisors stretch from $30K on the lower end to $87K near the top, and the heftiest packages can encompass around $20K from bonuses and $12K from profit sharing. The company and the particular city each impact pay for this group, with the former having the largest influence. A fair number enjoy medical while the larger part get dental coverage. Vision coverage is also available to a little more than half. Most Entry-Level Financial Advisors survey respondents are men (75 percent). Job satisfaction is reported as high by the vast majority of workers. The numbers in this rundown were provided by PayScale's salary survey participants.

$27,743 - $74,418
(Median)
$28K
$46K
$74K
MEDIAN: $45,744
10%
50%
90%

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$10.26 - $25.01
(Median)
$10
$15
$25
MEDIAN: $14.00
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
$27,743 - $74,418  
   
Bonus
$0.00 - $19,862  
Profit Sharing
$507 - $11,960  
Commission
$3,886 - $73,253  
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).
)
$29,509 - $87,459  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 1,403
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
$10.26 - $25.01  
   
Overtime
$7.50 - $32.99  
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
$3,886 - $73,253  
Profit Sharing
$507 - $11,960  
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).
)
$29,509 - $87,459  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 137

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Popular Employer Salaries for Entry-Level Financial Advisor


Entry-Level Financial Advisors fill the offices of leading firms Merrill Lynch & Co Inc, J.P. Morgan Chase & Co. (JPMCC), Edward Jones Investments, Edward Jones, and Ameriprise Financial, Inc. 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. Also paying near the top of the field are Morgan Stanley at $60K, Wells Fargo & Co. at $55K, and Edward Jones, where Entry-Level Financial Advisors annually earn $54K.

Other low-paying employers include AXA Advisors LLC at $46K and Ameriprise Financial, Inc. at $46K, though some Entry-Level Financial Advisors there earn up to $68K.

Pay Difference by Location


Boston offers some of the highest pay in the country for Entry-Level Financial Advisors, 37 percent above the national average. Entry-Level Financial Advisors will also find cushy salaries in New York (+31 percent), Los Angeles (+30 percent), San Francisco (+28 percent), and Chicago (+26 percent). Those in the field find the lowest salaries in Atlanta, 16 percent below the national average. Two other places where employers offer below-median salaries are San Diego (15 percent less) and Columbus (6 percent less).

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Skills That Affect Entry-Level Financial Advisor Salaries

Portfolio Management
up arrow 18%

up arrow 15%


Investment Management
up arrow 13%


Financial Analysis
up arrow 7%

Customer Relationship Management (CRM)
up arrow 2%

Microsoft Excel
up arrow 1%

National Average
$50,000

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 242 votes.

Gender

Female
25 %
Male
75 %

Common Health Benefits

medical benefits Medical: 80% dental benefits Dental: 66%
vision benefits Vision: 54% employee benefits None: 18%