Investment Advisor Salary (United States)

For Investment Advisors, commissions account for a significant portion of income and add up to just under two-thirds of their $69,764 annual pay. The top of the range reaches $183,877 per year, and the bottom approaches $39,148. Experience level is the biggest factor affecting pay for this group, followed by the particular city. The greater part enjoy medical while more than half get dental coverage in this occupation. Vision coverage is also available to 41 percent. Generally, women make up less than a third of all Investment Advisors. Job satisfaction for Investment Advisors is high. This report is based on responses to 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.

Investment Advisor Job Listings

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Popular Skills for Investment Advisor

Survey results suggest that Investment Advisors put a wide range of professional skills to use. 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. Those listing Client Interaction as a skill should be prepared for drastically lower pay. Most people 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.
Experience is important when determining pay for Investment Advisors. Those in the early stages of their career can expect to make around $51K; however, pay rises to approximately $79K after five to 10 years. Those with 10 to 20 years of experience under their belt earn around $120K, climbing well into the six-figure pool. Salaries tend to grow less rapidly after achieving 20 years of experience, with more senior Investment Advisors earning an average of $150K per year. Experienced employees who have 10-20 years of experience make up about one-fifth of the workforce; inexperienced individuals who have been working for less than one year comprise less than five percent, and senior people with more than 20 years under their belt fill out the remaining 13 percent. Between one and nine years is the typical spectrum of experience for those in this line of work—of those who took the survey, more than half land within it.

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.
Investment Advisors will find that Boston offers an impressive pay rate, one which exceeds the national average by 12 percent. Investment Advisors in Cincinnati report much lower salaries than the rest of the country—35 percent below the national average—proving that residency is a major factor in overall pay.

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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%