Match
$89k $89k
Avg US Salary
249k 249k
Employment
29.6% 29.6%
Growth
3.1/5 3.1/5
Rating
Bachelors Bachelors
Education

How much does a Financial Advisor make in New York?

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.

How to Become a Financial Advisor

Interested in becoming a financial advisor? Here are your next steps.

  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. Get the Education

    • Delaware Technical Community College-Terry | Dover, DE
      Offers: Associates
    • Delaware Technical Community College-Stanton/Wilmington | Wilmington, DE
      Offers: Certificate, Associates
    • Delaware State University | Dover, DE
      Offers: Bachelors
    • University of Delaware | Newark, DE
      Offers: Bachelors
    • Goldey-Beacom College | Wilmington, DE
      Offers: Certificate, Associates, Bachelors
  3. Get Hired

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    View all jobs →

    Would you like to post jobs on this career? Find the best candidates using Sokanu's new psychometric job platform. Visit employers.sokanu.com today.

Financial Advisor Earnings by Seniority

Experienced Financial Advisor Earnings

Experienced Financial Advisors in New York earn:

$60.85
an hour
$126,570
per year
Junior Financial Advisor Earnings

Junior Financial Advisors in New York earn:

$40.17
an hour
$83,550
per year
Starting Financial Advisor Earnings

Starting Financial Advisors in New York earn:

$24.69
an hour
$51,350
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!

Take the free career test

Financial Advisor salary comparison

Financial Advisors earn more than 86% percent of Business careers in New York. Financial Advisor salaries are in the top 84% of all careers in New York.

Financial Manager Salary in New York $165k
Financial Advisor Salary $126k
Purchasing Manager Salary in New York $119k
Business Analyst Salary in New York $91k
Loan Officer Salary in New York $78k
Digital Marketing Specialist Salary in New York $69k
Energy Broker Salary in New York $61k
Bookkeeper Salary in New York $40k

Historical salary for Financial Advisors in New York

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

How to Become a Financial Advisor

Interested in becoming a financial advisor? Here are your next steps.

  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. Get the Education

    • Delaware Technical Community College-Terry | Dover, DE
      Offers: Associates
    • Delaware Technical Community College-Stanton/Wilmington | Wilmington, DE
      Offers: Certificate, Associates
    • Delaware State University | Dover, DE
      Offers: Bachelors
    • University of Delaware | Newark, DE
      Offers: Bachelors
    • Goldey-Beacom College | Wilmington, DE
      Offers: Certificate, Associates, Bachelors
  3. Get Hired

      Loading jobs...

    View all jobs →

    Would you like to post jobs on this career? Find the best candidates using Sokanu's new psychometric job platform. Visit employers.sokanu.com today.