$89k $89k
249k 249k
29.6% 29.6%
2.7/5 2.7/5
Bachelors Bachelors

How much does a Financial Advisor make in District of Columbia?

Average Financial Advisor Hourly Wage in District of Columbia

Financial Advisors earn a median hourly wage of $44.61.

Source: U.S. Department of Labor Bureau of Labor Statistics

Average Financial Advisor Yearly Salary in District of Columbia

Financial Advisors earn a median salary of $92,780 per year.

Source: U.S. Department of Labor Bureau of Labor Statistics

Learn more about the Financial Advisor job market for salaries of real jobs in your area. Alternatively, see what Financial Advisors earn in other states.

“In the wake of the recession, people are looking for guidance on how to build financial security after depleting short-term savings, tapping into retirement funds and losing home equity,’’ says Jennifer Grasz of Careerbuilder.com. “We see more demand for financial advisors.”

Salaries for financial advisors vary with experience. The trainee stage for most financial advisers lasts up to three years, as they establish a set of regular clients and start earning commissions. Eventually, brokerage firms tend to stop paying advisers a base salary. An entry-level financial advisor earns 17% below average, a mid-career financial advisor earns 27% above average, and a late-career financial advisor earns 105% above average.

In addition to salaries, financial advisors also receive compensation in the form of bonuses, profit sharing and commissions. According to Payscale.com, the average annual bonus received by a financial advisor ranges from $0 to $29,936. The average annual profit sharing compensation ranges from $1,163 to $15,115. The average annual commission compensation ranges from $3,912 to $186,292.

Financial advisors that have customer relationship management skills earn 2% above average, and those with financial analysis skills earn 3% above average. Financial advisors with sales skills earn 9% above average, those with investment planning skills earn 22% above average, those with investment management skills earn 38% above average, and advisors with portfolio management skills earn 56% above average.

Employment Type Mix

93%
Full-Time
7%
Part-Time

Source: Sokanu user data. View more Financial Advisor demographics

Salary Satisfaction

3.0
SCORE
398
RATINGS
Financial Advisors average a score of 3.0 out of 5 on our salary satisfaction scale. This places Financial Advisors in the 46th percentile of salary satisfaction.

Source: Sokanu user data. View more Financial Advisor satisfaction

How to Become a Financial Advisor

  1. Take the Sokanu Career Test

    Would you make a good financial advisor? Sokanu's free assessment reveals how compatible you are with a career across 5 dimensions!

    Take the free career test
  2. Jobs in your area
    • Loading jobs...
    View all jobs →

Financial Advisor Earnings by Seniority

Senior Financial Advisor Earnings

Senior Financial Advisors in District of Columbia earn:

$69.22
an hour
$143,970
per year
Experienced Financial Advisor Earnings

Experienced Financial Advisors in District of Columbia earn:

$44.61
an hour
$92,780
per year
Junior Financial Advisor Earnings

Junior Financial Advisors in District of Columbia earn:

$31.48
an hour
$65,480
per year
Starting Financial Advisor Earnings

Starting Financial Advisors in District of Columbia earn:

$25.26
an hour
$52,540
per year

Approximate values based on highest and lowest earning segments.

Find your perfect career

Would you make a good financial advisor? Sokanu's free assessment reveals how compatible you are with a career across 5 dimensions!

80% Match?
Take the free career test

Financial Advisor salary comparison

Financial Advisors earn less than 65% percent of Business careers in District of Columbia. Financial Advisor salaries are in the top 87% of all careers in District of Columbia.

Human Resources Manager Salary in District of Columbia $144k
Compensation and Benefits Manager Salary in District of Columbia $121k
Statistician Salary in District of Columbia $105k
Online Merchant Salary in District of Columbia $90k
Financial Advisor Salary $76k
Market Research Analyst Salary in District of Columbia $68k
Insurance Sales Agent Salary in District of Columbia $52k
Telemarketer Salary in District of Columbia $21k
Source:

Historical salary for Financial Advisors in District of Columbia

Source: U.S. Department of Labor Bureau of Labor Statistics
  1. Take the Sokanu Career Test

    Would you make a good financial advisor? Sokanu's free assessment reveals how compatible you are with a career across 5 dimensions!

    Take the free career test
  2. Jobs in your area
    • Loading jobs...
    View all jobs →