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Financial Planner Salary

Financial Planners in the United States can expect to earn an average of $59K annually. Cash earnings for Financial Planners — which occasionally include more than $20K from bonuses and more than $15K from profit sharing — stretch from around $37K to approximately $116K. The most important factor affecting compensation for this group is experience level, followed by the specific employer and geographic location. Financial Planners who participated in the survey are largely men, dominating at 63 percent. Job satisfaction for Financial Planners is high. Health benefits are not claimed by all — slightly less than a fourth lack any form of coverage — but a strong majority have medical insurance, and the greater part have dental, too. The data in this summary comes from the PayScale salary survey.
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$36,047 - $100,287
(Median)
$36K
$59K
$100K
MEDIAN: $59,209
10%
50%
90%

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$14.56 - $35.23
(Median)
$15
$20
$35
MEDIAN: $20
10%
50%
90%

Add this chart to your site: 640px    300px

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$50K$100K$150K
Salary
$36,047 - $100,287  
   
Bonus
$493.16 - $20,402  
Profit Sharing
$727 - $14,813  
Commission
$0.00 - $85,570  
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).
)
$37,235 - $115,915  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 708
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$25$50$75
Hourly Rate
$14.56 - $35.23  
   
Overtime
$20.91 - $43.85  
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$50K$100K$150K
Bonus
$493.16 - $20,402  
   
Commission
$0.00 - $85,570  
Profit Sharing
$727 - $14,813  
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).
)
$37,235 - $115,915  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 62

Find Out Exactly What You Should Be Paid

United States (change)


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Job Description for Financial Planner

A financial planner is an individual who works for a bank or investment company that advises individuals on how to make most of their money by suggesting; in some situations, the planner makes investments and financial decisions for customers. This position requires strong analytical skills and an outgoing personality, as a financial institution expects its financial planners to effectively help and retain clients over a long period of time. The financial planner may also set up investment seminars to help build new business and educate clients.

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Financial Planner Tasks

  • Follow-up with clients on plans, track successes, and inform about modifications.
  • Assist clients with estate management, tax returns, budgets, or other financial tasks.
  • Guide clients through financial self-analysis, including goal setting and advice to reach goals.

Financial Advisor Job Listings

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Popular Employer Salaries for Financial Planner


Heading up the field in terms of compensation, TIAA-CREF offers the most; Financial Planners earn $93K on average there.

About half the top paying employer's rate, Ameriprise Financial, Inc. offers a median salary of just $51K, consistently last on the pay scale ladder by far.

Popular Skills for Financial Planner


Financial Planners seem to require a number of specific skills. Lucky workers who know Tax Consulting can expect a significant pay bump, scoring salaries 31 percent above average. Investment Planning and Investment Management are also correlated to pay that is above average, with increases between 12 percent and 31 percent. Skills that seem to negatively impact pay include Tax Preparation, Microsoft Excel, and Financial Analysis. Those familiar with Financial Advisor also tend to know Financial Analysis.

Pay by Experience Level for Financial Planner

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Respondents with less than five years' experience take home $51K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $72K. Financial Planners claiming one to two decades of experience make an estimated median of $95K. Survey respondents who have worked for more than 20 years actually report somewhat lower incomes of $93K.

Pay Difference by Location


San Francisco is home to an above-average pay rate for Financial Planners, 53 percent higher than the national average. Financial Planners can also look forward to large paychecks in cities like Philadelphia (+37 percent), Seattle (+32 percent), Charlotte (+20 percent), and Chicago (+16 percent). With compensation 6 percent below the national average, Minneapolis is not known for hefty paychecks and actually represents the lowest-paying market. Below-median salaries also turn up in San Diego and Atlanta (4 percent lower and 3 percent lower, respectively).

Related Job Salaries

United States (change)

Experience Affects Financial Planner Salaries




National Average
$63,000


Skills That Affect Financial Planner Salaries

Tax Consulting
up arrow 31%


Investment Management
up arrow 12%


Strategic Planning
up arrow 10%

National Average
$63,000

Financial Analysis
up arrow 3%

Microsoft Excel
up arrow 4%

Tax Preparation
up arrow 9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 120 votes.

Gender

Female
37 %
Male
63 %

Years of Experience

Less than 1 year
9%
1-4 years
37%
5-9 years
26%
10-19 years
19%
20 years or more
8%

Common Health Benefits

medical benefits Medical: 76% dental benefits Dental: 56%
vision benefits Vision: 43% employee benefits None: 22%
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