Financial Planner Salary

Financial Planners in the United States pull down an average of $60K annually. Total cash incomes of Financial Planners run from $38K to $118K, depending on bonuses that can occasionally exceed $21K, profit sharing that reaches $15K, and some commissions of nearly $97K. While the specific employer and location impact pay for this group, career length is the most influential factor. Unfortunately, some people in this line of work are without benefits — just over a fifth lack coverage. On the flip side, a strong majority have medical insurance and more than half receive dental plans. Men account for the majority of Financial Planners who responded to the questionnaire — 63 percent to be exact. The majority of workers are highly satisfied with their job. The information for this rundown comes from respondents who completed PayScale's salary questionnaire.
Read More
$36,350 - $101,533
(Median)
$36K
$60K
$100K
MEDIAN: $59,568
10%
50%
90%

Add this chart to your site: 640px    300px

$14.52 - $35.00
(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
$36,350 - $101,533  
   
Bonus
$500 - $20,540  
Profit Sharing
$734 - $14,795  
Commission
$0.00 - $97,343  
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).
)
$38,209 - $118,089  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 727
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
$14.52 - $35.00  
   
Overtime
$17.32 - $44.00  
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
$500 - $20,540  
   
Commission
$0.00 - $97,343  
Profit Sharing
$734 - $14,795  
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).
)
$38,209 - $118,089  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 59
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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.

Read More...

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

Search for more jobs:

Popular Employer Salaries for Financial Planner


Financial Planners seeking a sizable paycheck can earn the most at TIAA-CREF, where the average salary comes to $93K.

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 30 percent above average. Investment Management and Investment Planning are also correlated to pay that is above average, with increases between 11 percent and 30 percent. Skills that are correlated to lower pay, on the other hand, include Tax Preparation, Microsoft Excel, and Financial Analysis. Most people who know Financial Advisor also know Financial Analysis.

Pay by Experience Level for Financial Planner

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


Experience is an important factor influencing the compensation of Financial Planners. The average beginner in this position makes around $52K, but folks who have been around for five to 10 years see a markedly higher median salary of $72K. The average pay reported by folks with 10 to 20 years of experience is around $96K. Individuals who have achieved more than 20 years of experience don't seem to earn any more than people who have 10 to 20 years under their belts.

Pay Difference by Location


Surpassing the national average by 51 percent, Financial Planners in San Francisco receive some of the highest pay in the country. Financial Planners can also look forward to large paychecks in cities like Philadelphia (+36 percent), Seattle (+31 percent), Charlotte (+19 percent), and Chicago (+15 percent). Minneapolis is home to the smallest salaries in the field, lagging the national average by 10 percent. Workers in San Diego and Atlanta earn salaries that trail the national average for those in this profession (5 percent less and 4 percent less, respectively).

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Financial Planner Salaries




National Average
$63,000


Skills That Affect Financial Planner Salaries

Tax Consulting
up arrow 30%


Investment Management
up arrow 11%


Strategic Planning
up arrow 9%

National Average
$63,000

Financial Analysis
up arrow 4%

Microsoft Excel
up arrow 5%

Tax Preparation
up arrow 10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 115 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
9%

Common Health Benefits

medical benefits Medical: 77% dental benefits Dental: 56%
vision benefits Vision: 44% employee benefits None: 22%
ADVERTISEMENT