Financial Planner Salary

Financial Planners in the United States can expect to earn an average of $61K annually. Overall cash earnings of Financial Planners stretch from $39K near the bottom to $126K at the top, and the heftiest packages can encompass around $20K each from bonuses and profit sharing. This group's pay is mainly influenced by the specific employer, followed by geography and tenure. Not all workers are lucky enough to have benefits; in fact, approximately one in four are without coverage. Medical insurance is claimed by a strong majority and dental insurance is reported by a little more than half. Male Financial Planners are more prevalent than women among those who took the survey — 65 percent of professionals. The majority of workers are highly satisfied with their job. This snapshot results from replies to PayScale's salary survey.
Read More
$39,050 - $106,783
$39K
$61K
$110K
MEDIAN: $60,999
10%
50%
90%

Add this chart to your site: 640px    300px

$10.83 - $30.81
$11
$20
$31
MEDIAN: $19.53
10%
50%
90%

Add this chart to your site: 640px    300px

$0$124K
Salary $39,050 - $106,783
Bonus $993 - $20,102
Profit Sharing $988 - $19,797
Commission $3,131 - $123,650
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).
)
$39,221 - $124,859
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 588
Hourly Data $0$41
Hourly Rate $10.83 - $30.81
Overtime $1.52 - $41.40
Annual Data $0$124K
Bonus $993 - $20,102
Commission $3,131 - $123,650
Profit Sharing $988 - $19,797
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).
)
$39,221 - $124,859
  • Country: United States
  • Currency: USD
  • Updated: 20 Sep 2017
  • Individuals Reporting: 48

Find Out Exactly What You Should Be Paid

United States (change)

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...

Financial Planner Tasks

  • 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.

Financial Planner Job Listings

Popular Employer Salaries for Financial Planner


The biggest paychecks can be found at Self-Employed — the median salary there is $156K.

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

National Average: $64,751

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

Financial Planner Reviews

Q: What is it like working as a Financial Planner?

Financial Planner in West Des Moines:
"Self employed contract financial planner for an Independent."
Pros: Flexibility and freedom.
Cons: Commission only work.

Related Job Salaries

Key Stats for Financial Planner

Gender

Female
37 %
Male
63 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 110 votes.
Less than 1 year
10%
1-4 years
43%
5-9 years
22%
10-19 years
19%
20 years or more
7%
ADVERTISEMENT
Location:
Years in Fields/Career:
United States (change)

Experience Affects Financial Planner Salaries

▲82%

▲50%

▲15%

National Average
$65,000

▼17%

Skills That Affect Financial Planner Salaries

▲15%

Tax Consulting
▲11%

financial planning
▲9%




Strategic Planning
▲3%

National Average
$65,000


Tax Preparation
▼12%

Microsoft Excel
▼20%

Financial Modeling
▼24%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 110 votes.

Gender

Female
37 %
Male
63 %

Years of Experience

Less than 1 year
10%
1-4 years
43%
5-9 years
22%
10-19 years
19%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 69%
dental benefits
Dental: 50%
vision benefits
Vision: 41%
no benefits
None: 29%
ADVERTISEMENT