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Investment Advisor Salary (United States)

For Investment Advisors, bonuses and commissions account for a significant portion of income and add up to almost all of their $71K annual pay. Final cash compensation to Investment Advisors varies from around $40K to approximately $187K; choice pay grades include potential for bonuses and profit sharing as high as $49K and $23K, respectively. Career duration is the biggest factor affecting pay for this group, followed by geography. Most report receiving medical coverage from their employers and a majority collect dental insurance. Male Investment Advisors are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. Job satisfaction is high and work is enjoyable for most Investment Advisors. The data for this snapshot was collected from individuals who took PayScale's 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.
)
$38,845 - $148,230
(Median)
39K
62K
99K
150K
MEDIAN: $61,918
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.
)
$11.63 - $35.03
(Median)
12
15
20
29
35
MEDIAN: $20
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$110K$220K$330K
Salary
$38,845 - $148,230  
   
Bonus
$681 - $49,178  
Profit Sharing
$1,174 - $23,490  
Commission
$881 - $326,811  
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).
)
$39,854 - $186,527  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 374
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
$11.63 - $35.03  
   
Overtime
$22.29 - $41.16  
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
$681 - $49,178  
   
Commission
$881 - $326,811  
Profit Sharing
$1,174 - $23,490  
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).
)
$39,854 - $186,527  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 15
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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

Investment Advisors who responded to the survey report just a handful of professional skills. Most notably, facility with Portfolio Management, Investment Management, and Investment Planning are correlated to pay that is significantly above average, leading to increases of 28 percent, 17 percent, and 15 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 an important factor influencing the compensation of Investment Advisors. Relatively untried employees who have less than five years' experience have a median salary of $52K. Those who have been around for five to 10 years can expect to take home more — $78K on average. Those with 10 to 20 years of experience under their belts can expect their paychecks to flourish around the six-figure median of $121K. Individuals who report more than two decades of experience seem to make only slightly more than folks in the 10-to-20 year range; the more senior group sees median earnings in the comparatively modest ballpark of $147K.

Pay Difference By Location

New York
up arrow 66%
Boston
up arrow 38%
National Average
$71,000
Pittsburgh
up arrow 2%
Cleveland
up arrow 8%
Cincinnati
up arrow 37%
Larger circles over a city indicate a job is popular in that location.
New York is home to an above-average pay rate for Investment Advisors, 66 percent higher than the national average. Investment Advisors will also find cushy salaries in Boston (+38 percent). Small cities Cincinnati, Cleveland, and Pittsburgh are less-than-lucrative areas for Investment Advisors, where pay is not only lower than the national average but also represents the three lowest-paid areas in the country, suggesting that markets with fewer than a million residents are not ideal for those in this field. Employers also pay below the national average in Cleveland (8 percent lower) and Pittsburgh (2 percent lower).

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Experience Affects Investment Advisor Salaries

National Average
$71,000

Skills That Affect Investment Advisor Salaries

up arrow 8%
National Average
$71,000
Client Interaction
up arrow 37%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 86 votes.

Gender

Female
27%
female alumni
 
Male
73%
male alumni

Years of Experience

Less than 1 year
4%
1-4 years
32%
5-9 years
28%
10-19 years
23%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 82% dental benefits Dental: 58%
vision benefits Vision: 44% employee benefits None: 18%