Entry-Level Financial Advisor Salary

A substantial slice of final earnings for Entry-Level Financial Advisors (slightly less than a third) arrives through commissions. Median overall income in this area is approximately $52K. Total incomes of Entry-Level Financial Advisors incorporate potential for, in a few cases, more than $20K from bonuses and close to $12K from profit sharing; these performance components cause packages to range between $31K and $88K. The company and the particular city each impact pay for this group, with the former having the largest influence. Job satisfaction for Entry-Level Financial Advisors is high. While some workers in this profession — nearly one-fifth — do not have any health coverage, a fair number do receive medical benefits and the greater part have dental insurance. Making up 71 percent of those who took the survey, male Entry-Level Financial Advisors greatly outnumber their female counterparts. This report is based on responses to the PayScale salary survey.

$30,902 - $78,128
$31K
$50K
$78K
MEDIAN: $49,903
10%
50%
90%

Add this chart to your site: 640px    300px

$11.72 - $27.05
$12
$16
$27
MEDIAN: $16.29
10%
50%
90%

Add this chart to your site: 640px    300px

$0$88K
Salary $30,902 - $78,128
Bonus $1,012 - $20,874
Profit Sharing $503 - $12,365
Commission $2,553 - $50,355
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).
)
$31,657 - $88,748
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 1,420
Hourly Data $0$41
Hourly Rate $11.72 - $27.05
Hourly Tips $3.33
Overtime $17.93 - $41.41
Annual Data $0$88K
Bonus $1,012 - $20,874
Commission $2,553 - $50,355
Profit Sharing $503 - $12,365
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).
)
$31,657 - $88,748
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 173

Find Out Exactly What You Should Be Paid

United States (change)

Financial Advisor Job Listings

Popular Employer Salaries for Financial Advisor


Entry-Level Financial Advisors flock to Edward Jones, Merrill Lynch & Co Inc, AXA Advisors LLC, Morgan Stanley, and Ameriprise Financial, Inc., highly regarded companies that employ a generous number of people in this profession. Heading up the field in terms of compensation, Usaa Insurance offers the most; Entry-Level Financial Advisors earn $67K on average there. Other employers shelling out big bucks include Wells Fargo Advisors Financial Network, LLC, Morgan Stanley, and J.P. Morgan Chase & Co. (JPMCC), where Entry-Level Financial Advisors typically earn around $64K, $62K, or $62K, respectively.

The consistently lowest paying firm on the list is AXA Advisors LLC, where the median salary is just $36K — just about half of the top paying company's median. Workers also receive paychecks lighter than average at Bbva Compass ($40K), The Northwestern Mutual Life Insurance Company ($43K), and Edward Jones Investments ($46K).

Pay Difference by Location

National Average: $52,438

Larger city markers indicate a job is popular in that location.

San Francisco is home to an above-average pay rate for Entry-Level Financial Advisors, 48 percent higher than the national average. Entry-Level Financial Advisors will also find cushy salaries in New York (+40 percent), Dallas (+29 percent), Austin (+22 percent), and Los Angeles (+21 percent). With compensation 12 percent below the national average, Seattle is not known for hefty paychecks and actually represents the lowest-paying market. Employers in San Diego and Jacksonville also lean toward paying below-median salaries (6 percent less).

Financial Advisor Advice

Q: What do you wish you knew about your job when you first started out?

Financial Advisor in Philadelphia:
"You have to like people."
This is a people business. Clients will care more about how much you care than how much you know, or how much money you can help them make.

Financial Advisor in Sayre:
"Time Management."
What I do is time management. I study processes and attach a time frame. I then take that time frame and turn it into cost.

Financial Advisor in Provo:
"More marketing expertise."
Learn to be a savvy marketer!

Financial Advisor in Dallas:
"Only for those with no experience."
LEAN PROCESS has distroyed the sales division. You cannot conduct outbound sales that involves giving real financial advice and paperwork over the phone when you have 15 mins for each customer.

Financial Advisor in Evansville:
You need to be willing to work harder than everybody else.

Key Stats for Financial Advisor

Gender

Female
29 %
Male
71 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 209 votes.
Less than 1 year
19%
1-4 years
67%
5-9 years
14%
ADVERTISEMENT
Location:
Years in Fields/Career:
United States (change)

Skills That Affect Financial Advisor Salaries

Insurance
▲19%








Financial Modeling
▲3%

National Average
$52,000

Retirement Plan Administration
▼1%

▼3%


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 209 votes.

Gender

Female
29 %
Male
71 %

Common Health Benefits

medical benefits
Medical: 77%
dental benefits
Dental: 60%
vision benefits
Vision: 52%
no benefits
None: 21%
ADVERTISEMENT