The average pay for a Financial Planner is $23.16 per hour.
The average pay for a Financial Planner is $62,572 per year.
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Job Description for Financial Planner
A financial planner is an individual who works for a bank or investment company that advises individuals on how to make most of their money by suggesting; in some situations, the planner makes investments and financial decisions for customers. This position requires strong analytical skills and an outgoing personality, as a financial institution expects its financial planners to effectively help and retain clients over a long period of time. The financial planner may also set up investment seminars to help build new business and educate clients.
Read More...- Guide clients through financial self-analysis, including goal setting and advice to reach goals.
- Assist clients with estate management, tax returns, budgets, or other financial tasks.
- Follow-up with clients on plans, track successes, and inform about modifications.
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Popular Skills for Financial Planner
Financial Planners seem to wield many skills on the job. Most notably, skills in Insurance, Tax Consulting, financial planning, and Financial Advisor are correlated to pay that is above average, with boosts between 10 percent and 15 percent. Those listing Financial Modeling as a skill should be prepared for drastically lower pay. Microsoft Excel and Tax Preparation also typically command lower compensation. Most people skilled in Financial Advisor are similarly competent in Financial Analysis.
Pay by Experience Level for Financial Planner
Pay by Experience for a Financial Planner has a positive trend. An entry-level Financial Planner with less than 5 years of experience can expect to earn an average total compensation of $54,000 based on 365 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Financial Planner with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $74,000 based on 184 salaries. An experienced Financial Planner which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $97,000 based on 134 salaries. A Financial Planner with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $118,000 based on 45 salaries.
Pay Difference by Location
Surpassing the national average by 110 percent, Financial Planners in San Francisco receive some of the highest pay in the country. Financial Planners can also look forward to large paychecks in cities like Kansas City (+41 percent), Philadelphia (+30 percent), Los Angeles (+30 percent), and Chicago (+17 percent). With compensation 19 percent below the national average, Dallas is not known for hefty paychecks and actually represents the lowest-paying market. Not at the bottom but still paying below the median are employers in Atlanta and Richmond (11 percent lower and 8 percent lower, respectively).
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Key Stats for Financial Planner
Gender
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Female
37 % |
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Male
63 % |
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Job Satisfaction
| Extremely satisfied |
Rated 5 out of 5 based on 200 votes. |
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