Avg. Base Salary (USD)
The average salary for a Financial Advisor is $53,283 in 2023
What is the Pay by Experience Level for Financial Advisors?
An early career Financial Advisor with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $60,375 based on 1,330 salaries. A mid-career Financial Advisor with 5-9 years of experience earns an average total compensation of $73,440 based on 739 salaries. An experienced …Read more
What Do Financial Advisors Do?
Financial advisors work primarily for financial institutions such as banks, mutual fund companies, and insurance companies. Generally, they work with individuals or institutional clients to assess their financial needs and help them achieve financial goals, such as choosing investments (money market, real estate investments, stocks and bonds), and they also explain tax laws relevant to certain investments and help with insurance decisions.
Financial advisors help clients plan for both …Read more
FAQs About Financial Advisors
What is the highest pay for Financial Advisors?
Our data indicates that the highest pay for a Financial Advisor is $74k / year
What is the lowest pay for Financial Advisors?
Our data indicates that the lowest pay for a Financial Advisor is $35k / year
How can Financial Advisors increase their salary?
Increasing your pay as a Financial Advisor is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Financial Advisor that oversees more junior Financial Advisors, this experience can increase the likelihood to earn more.