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Investment Advisor Salary (United States)

Commissions comprise a big part of overall income for Investment Advisors. The median take-home amount in this area is around $70K, and on average, slightly less than two-thirds of that final number comes from commissions. Total cash compensation to Investment Advisors approaches anywhere from $39K on the lower end to $184K on the higher end; in exceptional cases, this can include more than $44K from bonuses and upwards of $24K from profit sharing. Career length and the particular city each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to a solid majority, and more than half earn dental coverage. Male Investment Advisors are far more common in the field than their female counterparts, who typically comprise less than one-third of the field. Most Investment Advisors report high levels of job satisfaction. The data in this summary comes from the PayScale salary survey.
Investment 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.
)
$37,610 - $147,719
(Median)
38K
61K
97K
150K
MEDIAN: $61,231
10%
50%
75%
90%
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Investment 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.
)
$11.00 - $92.00
(Median)
11
30
92
MEDIAN: $20
10%
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$110K$220K$330K
Salary
$37,610 - $147,719  
   
Bonus
$805 - $44,042  
Profit Sharing
$1,169 - $23,588  
Commission
$900 - $320,000  
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).
)
$39,148 - $183,877  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 406
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$60$120$180
Hourly Rate
$11.00 - $92.00  
   
Overtime
$21.93 - $41.43  
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$120K$240K$360K
Bonus
$805 - $44,042  
   
Commission
$900 - $320,000  
Profit Sharing
$1,169 - $23,588  
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).
)
$39,148 - $183,877  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 14
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Job Description for Investment Advisor

Banks and financial institutions employ investment advisors to work with existing customers to update their portfolio as needs, economic climate, and and their financial situations change. The advisor also works to attract new clients and customers as well, marketing themselves and their financial institution’s investment services.
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Investment Advisor 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 Skills for Investment Advisor

Survey takers who work as Investment Advisors usually report a few specific skills. Most notably, facility with Sales, Investment Planning, and Portfolio Management are correlated to pay that is significantly above average, leading to increases of 40 percent, 28 percent, and 21 percent, respectively. Client Interaction, on the other hand, is typically associated with much lower pay. The majority of those who know Investment Management also know Investment Planning.

Pay by Experience Level for Investment Advisor

Median of all compensation (including tips, bonus, and overtime) by years of experience.
Investment Advisors with a lot of experience tend to enjoy higher earnings. 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 $79K. Those with 10 to 20 years of experience under their belts can expect their paychecks to flourish around the six-figure median of $120K. Investment Advisors who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $150K. Most employees in this workforce have between one and nine years of experience; a majority of those surveyed fall within this distribution. Experienced employees who have 10-20 years of experience make up nearly one in five of the workforce; inexperienced individuals who have been working for less than one year comprise fewer than one in twenty, and senior people with more than 20 years under their belt fill out the remaining approximately one-eighth.

Pay Difference By Location

Boston
up arrow 12%
Pittsburgh
0%
National Average
$70,000
Cleveland
up arrow 7%
Cincinnati
up arrow 35%
Larger circles over a city indicate a job is popular in that location.
With a pay rate for Investment Advisors that is 12 percent greater than the national average, Boston offers a comfortable salary for those in this profession. Location significantly influences compensation, with Cincinnati Investment Advisors earning much less — 35 percent less — than the national average.

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Experience Affects Investment Advisor Salaries

National Average
$70,000

Skills That Affect Investment Advisor Salaries

up arrow 40%
National Average
$70,000
Client Interaction
up arrow 36%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 111 votes.

Gender

Female
25%
female alumni
 
Male
75%
male alumni

Years of Experience

Less than 1 year
5%
1-4 years
34%
5-9 years
28%
10-19 years
21%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 81% dental benefits Dental: 57%
vision benefits Vision: 41% employee benefits None: 18%