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Entry-Level Financial Advisor Salary (United States)

Commissions comprise a big part of overall income for Entry-Level Financial Advisors. The median take-home amount in this area is around $49K, and on average, nearly two-fifths of that final number comes from commissions. Total cash compensation for Entry-Level Financial Advisors runs from $29K to $87K depending on bonuses that can occasionally exceed $20K and profit sharing that can reach almost $10K. The particular firm and the particular city each impact pay for this group, with the former having the largest influence. The greater part enjoy medical while more than half get dental coverage. Vision coverage is also available to over one-half. Most Entry-Level Financial Advisors are men (73 percent). Job satisfaction is high and work is enjoyable for most Entry-Level Financial Advisors. This report is based on responses to the PayScale salary survey.
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  
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  
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

Entry-Level Financial Advisors fill the offices of leading firms Merrill Lynch & Co Inc, Edward Jones Investments, J.P. Morgan Chase & Co. (JPMCC), Edward Jones, and Ameriprise Financial, Inc. 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 employers shelling out big bucks include Wells Fargo & Co., Merrill Lynch & Co Inc, and Wells Fargo Advisors Financial Network, LLC, where Entry-Level Financial Advisors typically earn around $57K, $56K, or $49K, respectively.
Edward Jones Investments is infamous for dishing out the smallest paychecks in the area (the median in that office is $45K), but the company pay scale is greatly mixed, meaning that workers on the low end may earn only $28K while workers on the upper end may rake in $82K. Other low-paying employers include AXA Advisors LLC at $45K and Ameriprise Financial, Inc. at $46K, though 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, working in the bustling city of Los Angeles has its advantages, including an above-average pay rate. San Francisco, Chicago, Seattle, and New York are a few other cities that offer generous salaries, with Entry-Level Financial Advisors earning around 34 percent, 30 percent, 20 percent, and 15 percent more than average. Trailing the national average by 15 percent, San Diego is the market with the smallest paychecks. Below-median salaries also turn up in St. Louis and Atlanta (13 percent lower and 11 percent lower, respectively).
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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%