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Average Financial Advisor Salary

$59,232
Avg. SalaryShow Hourly Rate
$9,650
Bonus
$25,154
Commission
$4,828
Profit Sharing
What am I worth?
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How should I pay?
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The average salary for a Financial Advisor is $59,232.
10%
$37k
MEDIAN
$59k
90%
$110k
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Salary
$37k - $110k
Bonus
$2k - $31k
Profit Sharing
$993 - $20k
Commission
$4k - $182k
Total Pay
$38k - $141k
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What Do Financial Advisors Do?

Financial Advisor Tasks
  • Interview clients and gather information to determine strategies for financial investments.
  • Prospect and maintain clientele.
  • Recommend and sell financial plans and products that will help meet financial goals.

Job Satisfaction for Financial Advisor

4.1 out of 5
(567)
Highly Satisfied
65Reviews
The top respondents for the job title Financial Advisor are from the companies Merrill Lynch & Co Inc, Edward Jones and Ameriprise Financial, Inc.. Reported salaries are highest at Bank of America Corp. (BOFA) where the average pay is $59,853. Other companies that offer high salaries for this role include Merrill Lynch & Co Inc and The Vanguard Group, earning around $59,798 and $59,569, respectively. The Northwestern Mutual Life Insurance Company pays the lowest at around $49,721. Edward Jones and Ameriprise Financial, Inc. also pay on the lower end of the scale, paying $50,740 and $58,112, respectively.

Career Paths

Explore the most common career paths for Financial Advisor. Thickness and color of lines indicates popularity of movement from one job to the next. Visit our career path planner to research other job paths.
Financial Advisor
More common (> 20%)
Somewhat common (8 - 20%)
Less common (< 8%)

Financial Advisor Job Listings

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What Are Popular Skills for Financial Advisors?

Skills in Financial Advisor, Client Interaction and Investment Planning are correlated to pay that is above average. Skills that pay less than market rate include Sales and Customer Relationship Management (CRM).

What is the Pay by Experience Level for Financial Advisors?

An entry-level Financial Advisor with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $48,720 based on 485 salaries. An early career Financial Advisor with 1-4 years of experience earns an average total compensation of $52,972 based on 1,652 salaries. A mid-career Financial Advisor with 5-9 years of experience earns an average total compensation of $68,060 based on 819 salaries. An experienced Financial Advisor with 10-19 years of experience earns an average total compensation of $77,853 based on 786 salaries. In their late career (20 years and higher), employees earn an average total compensation of $84,466.
Employees with Financial Advisor in their job title in New York, New York earn an average of 27.2% more than the national average. These job titles also find higher than average salaries in Dallas, Texas (9.8% more) and Chicago, Illinois (9.2% more). The lowest salaries can be found in Houston, Texas (8.2% less).

Years of Experience

This data is based on 4,154 survey responses.
Entry Level
11.7%
Early Career
39.8%
Mid Career
19.7%
Experienced
18.9%
Late Career
9.9%