Learn about the types of people who become financial advisors. This page goes into detail about the employment, gender, and ethnic ratios of the workplace.
Employment Type Mix, 2022
90% of financial advisors work in full-time roles while 10% work part-time.
Gender Mix By Career Interest, 2022
This graph shows the distribution of females and males that are interested in becoming a financial advisor. Four or five star ratings on CareerExplorer indicate interest.
More men than women are interested in becoming financial advisors at a ratio of 2.30 to 1.
Actual Gender Mix, 2022
37% of financial advisors are female and 63% are male.
Gender Bias, 2022
This is one of the most compelling statistics we collect. Gender bias shows the difference between gender interest in being a financial advisor and the actual gender mix of people in the career.
If there is a significant difference, then it means there is a gender imbalance between those interested in becoming a financial advisor and those who end up becoming one.
In this case there are more men interested in becoming a financial advisor than those actually working as one. It is hard to pinpoint the exact reasons why, but there are likely various forces at play, from changing interests over time to societal norms and biases.
Ethnic Mix, 2019
The largest ethnic group of financial advisors are White, making up 64% of the population. The next highest segments are East Asian and Black or African American, making up 9% and 8% respectively.