Get a Salary Report for



- Compare Your Salary
- Evaluate a Job Offer


- Price a New Hire
- Give a Raise



- Benchmark Jobs
- Create a Comp Plan

Paraplanner Salary (United States)

Nearly two in three of Paraplanners report fewer than five years in the field, and the median pay in this field is about $40K annually. In the world of Paraplanners, overall cash allowance can occasionally include more than $8K from bonuses and, in some exceptional cases, $6K from profit sharing, causing incomes to vary widely between $30K and $57K. Geographic location is the biggest factor affecting pay for this group, followed by years of experience. Medical benefits are awarded to close to one-half, and close to a third earn dental coverage. The majority of workers are highly satisfied with their job. Responses to PayScale's salary questionnaire form the basis for this outline.
Paraplanner 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.
)
$29,170 - $51,565
(Median)
29K
34K
40K
46K
52K
MEDIAN: $39,812
10%
25%
50%
75%
90%
Add this chart to your site: 640px    300px
Paraplanner 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.
)
$12.07 - $25.53
(Median)
12
15
18
22
26
MEDIAN: $17.00
10%
25%
50%
75%
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$20K$40K$60K
Salary
$29,170 - $51,565  
   
Bonus
$0.00 - $8,459  
Profit Sharing
$876 - $6,163  
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).
)
$29,652 - $57,297  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 238
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$12$24$36
Hourly Rate
$12.07 - $25.53  
   
Overtime
$0.00 - $34.44  
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$24K$48K$72K
Bonus
$0.00 - $8,459  
   
Profit Sharing
$876 - $6,163  
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).
)
$29,652 - $57,297  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 78
Is Paraplanner your job title? Get a personalized salary report!
Location:
Years in Field/Career:
Location:
Years in Field/Career:
United States (change)

Job Description for Paraplanner

A paraplanner is the junior member of a financial planning team, usually working under the direction of a senior financial planner. The paraplanner performs several of the necessary tasks in developing a financial plan for a customer. First, they gather financial reports and records from the client. Next, the paraplanner reviews the client's financial records and starts creating and modeling different possible financial scenarios. In the process of creating these scenarios, the paraplanner determines how assets should be allocated and ultimately uses this information to make recommendations on which financial plan should be followed.
Read More...
Paraplanner Tasks
  • Construct visual aides including charts, graphs, and tables to be used in meetings with clients.
  • Research financial databases and products that match clients' needs.
  • Support financial advisors in serving clients by preparing for meetings, investment research, making preliminary financial planning recommendations, and coordinate marketing events.

Financial Paraplanner Job Listings

Search for more jobs:
job title / company
location

Popular Skills for Paraplanner

Overall, survey participants reported applying a fair number of skills to their work. Most notably, skills in Investment Planning, Financial Analysis, Client Interaction, and Financial Reporting are correlated to pay that is above average. Skills that seem to negatively impact pay include Microsoft Excel and Financial Reporting. Most people familiar with Financial Analysis also know Client Interaction.

Pay Difference By Location

St. Louis
up arrow 21%
Minneapolis
up arrow 13%
Houston
up arrow 9%
National Average
$41,000
Chicago
up arrow 7%
Sacramento
up arrow 11%
Larger circles over a city indicate a job is popular in that location.
Surpassing the national average by 21 percent, Paraplanners in St. Louis receive some of the highest pay in the country. Paraplanners will also find cushy salaries in Minneapolis (+13 percent) and Houston (+9 percent). Trailing the national average by 11 percent, Sacramento is the market with the smallest paychecks.

Related Job Salaries

Find Out Exactly What You Should Be Paid
Job Title:
Years in Field/Career:
Location:
United States (change)
- OR -

Experience Affects Paraplanner Salaries

Experienced
up arrow 21%
Mid-Career
up arrow 12%
National Average
$41,000

Skills That Affect Paraplanner Salaries

Investment Planning
up arrow 9%
Financial Analysis
up arrow 2%
Client Interaction
0%
National Average
$41,000
Financial Reporting
up arrow 3%
Microsoft Excel
up arrow 17%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 79 votes.

Gender

Female
60%
female alumni
 
Male
40%
male alumni

Years of Experience

Less than 1 year
8%
1-4 years
59%
5-9 years
21%
10-19 years
11%
20 years or more
1%

Common Health Benefits

medical benefits Medical: 50% dental benefits Dental: 32%
vision benefits Vision: 20% employee benefits None: 49%