Career Attributes

  • $97,814
  • 271,900
  • 2.7
  • 14.9%
  • Bachelor's degree
  • Finance
More Attributes

How much does a Financial Advisor make in the United States?

Average Financial Advisor Yearly Salary in the United States

Financial Advisors earn an average yearly salary of $97,814.

Average Financial Advisor Hourly Wage in the United States

Financial Advisors earn an average hourly wage of $47.03.

Source: CareerExplorer (Aggregated)

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.

“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

90%
Full-Time
10%
Part-Time

Source: CareerExplorer user data. View more Financial Advisor demographics

Salary Satisfaction

3.0
SCORE
837
RATINGS
Financial Advisors average a score of 3.0 out of 5 on our salary satisfaction scale. This places Financial Advisors in the 53th percentile of salary satisfaction.

Source: CareerExplorer user data. View more Financial Advisor satisfaction

How to Become a Financial Advisor

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Financial Advisor Earnings by Seniority

Senior Financial Advisor Earnings

Senior Financial Advisors in the United States earn:

$60.30
an hour
$125,429.3
per year
Experienced Financial Advisor Earnings

Experienced Financial Advisors in the United States earn:

$35.42
an hour
$73,683.6
per year
Junior Financial Advisor Earnings

Junior Financial Advisors in the United States earn:

$23.10
an hour
$48,042.3
per year
Starting Financial Advisor Earnings

Starting Financial Advisors in the United States earn:

$16.44
an hour
$34,191.0
per year

Approximate values based on highest and lowest earning segments.

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Financial Advisor Salary Comparison

Financial Advisors earn more than 84% percent of similar careers in the United States.

Financial Manager Salary $124k
CFO Salary $118k
Investment Fund Manager Salary $113k
Actuary Salary $110k
Management Consultant Salary $100k
Financial Advisor Salary $97k
Money Manager Salary $96k
Securities and Commodities Broker Salary $95k
Stock Trader Salary $95k
Bank Branch Manager Salary $90k
Source: CareerExplorer (Aggregated)

Financial Advisor salary by state

Click on a state to learn more

State Hourly Wage Annual Salary Rank
Financial Advisor Salary in United States $47.03 $97,814.1 # 1
Financial Advisor Salary in California $34.09 $70,908.5 # 2
Financial Advisor Salary in Texas $28.73 $59,754.1 # 3
Financial Advisor Salary in New York $28.01 $58,252 # 4
Financial Advisor Salary in Florida $22.73 $47,272 # 5

Career Attributes

  • $97,814
  • 271,900
  • 2.7
  • 14.9%
  • Bachelor's degree
  • Finance
More Attributes