What am I worth?
Get a free salary report »
What should I pay?
Pay the right way »

Paraplanner Salary

An average Paraplanner in the United States can expect to take home roughly $40K annually. Total cash compensation for Paraplanners runs from $30K to $57K depending on bonuses that can occasionally exceed $9K and profit sharing that can reach almost $6K. Geographic location is the biggest factor affecting pay for this group, followed by years of experience. Women make up a slight majority of Paraplanners (55 percent) survey respondents. About one-half enjoy medical while just under one in three get dental coverage. Vision coverage is also available to just under one-fifth. Job satisfaction is reported as high by the vast majority of workers. The figures in this rundown are based on the results of PayScale's salary questionnaire.
Read More
$29,378 - $52,216
(Median)
$29K
$40K
$52K
MEDIAN: $40,196
10%
50%
90%

Add this chart to your site: 640px    300px

$12.13 - $24.33
(Median)
$12
$18
$24
MEDIAN: $17.00
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$19K$38K$57K
Salary
$29,378 - $52,216  
   
Bonus
$0.00 - $8,534  
Profit Sharing
$773 - $6,082  
Commission
$0.00 - $4,958  
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).
)
$29,999 - $56,653  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 291
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$13$26$39
Hourly Rate
$12.13 - $24.33  
   
Overtime
$0.00 - $36.24  
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$26K$52K$78K
Bonus
$0.00 - $8,534  
   
Commission
$0.00 - $4,958  
Profit Sharing
$773 - $6,082  
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).
)
$29,999 - $56,653  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 98

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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

Jobs by Simply Hired
jobs by Indeed job search

Search for more jobs:

Popular Skills for Paraplanner


Paraplanners generally report applying a varied skill set to their work. Most notably, skills in Financial Modeling, Financial Reporting, Investment Planning, and Financial Analysis are correlated to pay that is above average, with boosts between 8 percent and 11 percent. Skills that seem to negatively impact pay include Microsoft Excel and Office Administration. Most people familiar with Financial Analysis also know Client Interaction.

Related Job Salaries

 
ADVERTISEMENT
United States (change)

Experience Affects Paraplanner Salaries

Experienced
up arrow 20%


National Average
$41,000


Skills That Affect Paraplanner Salaries

Financial Modeling
up arrow 11%

Financial Reporting
up arrow 9%

Investment Planning
up arrow 8%

Financial Analysis
up arrow 1%

Client Interaction
up arrow 1%

National Average
$41,000

Office Administration
up arrow 7%

Microsoft Excel
up arrow 8%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 87 votes.

Gender

Female
55 %
Male
45 %

Years of Experience

Less than 1 year
8%
1-4 years
61%
5-9 years
19%
10-19 years
12%
20 years or more
1%

Common Health Benefits

medical benefits Medical: 48% dental benefits Dental: 30%
vision benefits Vision: 19% employee benefits None: 51%
ADVERTISEMENT