$90k $90k
249k 249k
29.6% 29.6%
2.7/5 2.7/5
Bachelors Bachelors

How much does a Financial Advisor make in Utah?

Average Financial Advisor Hourly Wage in Utah

Financial Advisors earn a median hourly wage of $32.74. Hourly wages typically start from $17.03 and go up to $76.58.

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

Average Financial Advisor Yearly Salary in Utah

Financial Advisors earn a median salary of $68,100 per year. Salaries typically start from $35,430 and go up to $159,290.

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

92%
Full-Time
8%
Part-Time

Source: Sokanu user data. View more Financial Advisor demographics

Salary Satisfaction

3.0
SCORE
489
RATINGS
Financial Advisors average a score of 3.0 out of 5 on our salary satisfaction scale. This places Financial Advisors in the 50th percentile of salary satisfaction.

Source: Sokanu user data. View more Financial Advisor satisfaction

How to Become a Financial Advisor

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Financial Advisor Earnings by Seniority

Top End Financial Advisor Earnings

The highest earning Financial Advisors in Utah earn:

$76.58
an hour
$159,290
per year
Senior Financial Advisor Earnings

Senior Financial Advisors in Utah earn:

$50.48
an hour
$105,000
per year
Experienced Financial Advisor Earnings

Experienced Financial Advisors in Utah earn:

$32.74
an hour
$68,100
per year
Junior Financial Advisor Earnings

Junior Financial Advisors in Utah earn:

$24.47
an hour
$50,890
per year
Starting Financial Advisor Earnings

Starting Financial Advisors in Utah earn:

$17.03
an hour
$35,430
per year

Approximate values based on highest and lowest earning segments.

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Financial Advisor salary comparison

Financial Advisors earn more than 65% percent of Business careers in Utah. Financial Advisor salaries are in the top 83% of all careers in Utah.

Natural Sciences Manager Salary in Utah $94k
Construction Manager Salary in Utah $78k
Financial Advisor Salary $74k
Operations Manager Salary in Utah $72k
Financial Quantitative Analyst Salary in Utah $60k
Loan Officer Salary in Utah $52k
Revenue Agent Salary in Utah $47k
Bookkeeper Salary in Utah $36k
Retail Salesperson Salary in Utah $21k
Source:

Historical salary for Financial Advisors in Utah

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