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How much does a Financial Advisor make in South Dakota?

Average Financial Advisor Hourly Wage in South Dakota

Financial Advisors earn a median hourly wage of $31.71. Hourly wages typically start from $18.92 and go up to $61.51.

Average Financial Advisor Yearly Salary in South Dakota

Financial Advisors earn a median salary of $65,950 per year. Salaries typically start from $39,350 and go up to $127,950.

These numbers may vary depending on several factors, like level of education, amount of experience, industry, company size and location.

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

    A bachelors degree is required to be a Financial Advisor. A finance degree is preferred.

  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

Top End Financial Advisor Earnings

The highest earning Financial Advisors in South Dakota earn:

$61.51
an hour
$127,950
per year
Senior Financial Advisor Earnings

Senior Financial Advisors in South Dakota earn:

$39.94
an hour
$83,070
per year
Experienced Financial Advisor Earnings

Experienced Financial Advisors in South Dakota earn:

$31.71
an hour
$65,950
per year
Junior Financial Advisor Earnings

Junior Financial Advisors in South Dakota earn:

$24.69
an hour
$51,340
per year
Starting Financial Advisor Earnings

Starting Financial Advisors in South Dakota earn:

$18.92
an hour
$39,350
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 61% percent of Business careers in South Dakota. Financial Advisor salaries are in the top 87% of all careers in South Dakota.

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Industrial Production Manager Salary in South Dakota $87k
Financial Advisor Salary $65k
Online Merchant Salary in South Dakota $62k
Mail Superintendent Salary in South Dakota $57k
Lodging Manager Salary in South Dakota $49k
Social Fundraiser Salary in South Dakota $44k
Property Manager Salary in South Dakota $33k
Retail Salesperson Salary in South Dakota $21k

Historical salary for Financial Advisors in South Dakota

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

    A bachelors degree is required to be a Financial Advisor. A finance degree is preferred.

  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.