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 the United States?

Learn more about the Financial Advisor job market for salaries of real jobs in your area.

“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

Senior Financial Advisor Earnings

Senior Financial Advisors in the United States earn:

$73.71
an hour
$153,320
per year
Experienced Financial Advisor Earnings

Experienced Financial Advisors in the United States earn:

$42.86
an hour
$89,160
per year
Junior Financial Advisor Earnings

Junior Financial Advisors in the United States earn:

$27.49
an hour
$57,190
per year
Starting Financial Advisor Earnings

Starting Financial Advisors in the United States earn:

$18.89
an hour
$39,300
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 69% percent of Business careers. Financial Advisor salaries are in the top 87% of all careers in the United States.

Financial Manager Salary $117k
Actuary Salary $97k
Financial Advisor Salary $89k
Financial Analyst Salary $80k
Online Merchant Salary $68k
Cost Estimator Salary $60k
Revenue Agent Salary $51k
Bookkeeper Salary $37k
Retail Salesperson Salary $21k

Historical salary for Financial Advisors in the United States

Financial Advisor salary by state

Click on a state to learn more

State Hourly Wage Annual Salary Rank
Financial Advisor Salary in New York $60.85 $126,570 # 1
Financial Advisor Salary in New Mexico $45.74 $95,140 # 2
Financial Advisor Salary in Maine $43.87 $91,240 # 3
Financial Advisor Salary in Connecticut $47.92 $99,670 # 4
Financial Advisor Salary in California $46.72 $97,170 # 5
Financial Advisor Salary in Massachusetts $45.24 $94,090 # 6
Financial Advisor Salary in Kansas $43.25 $89,950 # 7
Financial Advisor Salary in Montana $46.50 $96,730 # 8
Financial Advisor Salary in Pennsylvania $45.00 $93,610 # 9
Financial Advisor Salary in New Hampshire $43.50 $90,490 # 10
Financial Advisor Salary in Alabama $42.46 $88,310 # 11
Financial Advisor Salary in New Jersey $46.87 $97,490 # 12
Financial Advisor Salary in Nebraska $41.31 $85,920 # 13
Financial Advisor Salary in Washington $43.52 $90,510 # 14
Financial Advisor Salary in District of Columbia $44.61 $92,780 # 15
Financial Advisor Salary in Virginia $41.21 $85,710 # 16
Financial Advisor Salary in Florida $45.81 $95,280 # 17
Financial Advisor Salary in Rhode Island $35.36 $73,540 # 18
Financial Advisor Salary in Georgia $41.69 $86,710 # 19
Financial Advisor Salary in North Carolina $40.79 $84,830 # 20
Financial Advisor Salary in Colorado $39.61 $82,390 # 21
Financial Advisor Salary in Delaware $48.27 $100,400 # 22
Financial Advisor Salary in Minnesota $41.64 $86,610 # 23
Financial Advisor Salary in Missouri $40.67 $84,580 # 24
Financial Advisor Salary in Wyoming $31.91 $66,380 # 25
Financial Advisor Salary in Tennessee $36.42 $75,760 # 26
Financial Advisor Salary in Illinois $38.34 $79,750 # 27
Financial Advisor Salary in Texas $36.70 $76,330 # 28
Financial Advisor Salary in Alaska $41.83 $87,010 # 29
Financial Advisor Salary in Nevada $40.03 $83,270 # 30
Financial Advisor Salary in Ohio $38.29 $79,640 # 31
Financial Advisor Salary in Maryland $36.50 $75,920 # 32
Financial Advisor Salary in Indiana $36.73 $76,400 # 33
Financial Advisor Salary in Michigan $32.20 $66,980 # 34
Financial Advisor Salary in Hawaii $35.21 $73,240 # 35
Financial Advisor Salary in Idaho $33.64 $69,960 # 36
Financial Advisor Salary in Utah $35.74 $74,340 # 37
Financial Advisor Salary in Louisiana $33.62 $69,940 # 38
Financial Advisor Salary in Arkansas $33.35 $69,370 # 39
Financial Advisor Salary in South Carolina $28.76 $59,830 # 40
Financial Advisor Salary in Oregon $33.64 $69,970 # 41
Financial Advisor Salary in Wisconsin $28.26 $58,780 # 42
Financial Advisor Salary in Oklahoma $33.15 $68,960 # 43
Financial Advisor Salary in Mississippi $32.57 $67,740 # 44
Financial Advisor Salary in Kentucky $30.01 $62,410 # 45
Financial Advisor Salary in North Dakota $31.05 $64,570 # 46
Financial Advisor Salary in Arizona $32.31 $67,200 # 47
Financial Advisor Salary in South Dakota $34.36 $71,460 # 48
Financial Advisor Salary in Iowa $29.33 $61,010 # 49
Financial Advisor Salary in West Virginia $20.87 $43,400 # 50
Financial Advisor Salary in Vermont $26.43 $54,970 # 51
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.