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Business advisor salary
Average business advisor salary
$96,469
Understanding Business Advisor Salaries
As of October 2025, the average salary for a Business Advisor stands at $96,469 annually, translating to approximately $46 per hour. Salaries in this profession can vary significantly based on experience, geographical location, and the specific industry in which a Business Advisor operates.
Factors Influencing Salary
Those in higher-demand regions or industries often receive higher compensation. For example, Business Advisors in tech and finance sectors typically earn more than their counterparts in non-profit organizations. Additionally, years of experience play a vital role; seasoned advisors can command salaries exceeding $120,000 annually.
Highest Paying Locations
States such as California, New York, and Texas consistently rank among the highest for Business Advisor salaries. In these areas, the competitive job market and cost of living contribute to elevated pay scales.
Opportunities for Growth
With a growing emphasis on strategic business solutions, the demand for skilled Business Advisors is expected to rise. Pursuing advanced certifications can further enhance earning potential and career advancement opportunities in this dynamic field.
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Where can a Business Advisor earn more?
Business advisor salary estimates from across the web
Average business advisor salary by state
The average business advisor salary in New Jersey, California, and Rhode Island are the highest in the U.S. The lowest average business advisor salary states are South Carolina, Wisconsin, and Florida.
- State view
- County view
Highest paying states for business advisors
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Rhode Island | $115,141 | $55.36 |
| 2 | Nevada | $106,720 | $51.31 |
| 3 | New Jersey | $118,349 | $56.90 |
| 4 | Connecticut | $106,595 | $51.25 |
| 5 | District of Columbia | $111,694 | $53.70 |
| 6 | Michigan | $96,542 | $46.41 |
| 7 | Kansas | $99,129 | $47.66 |
| 8 | California | $116,355 | $55.94 |
| 9 | Massachusetts | $109,443 | $52.62 |
| 10 | Delaware | $104,010 | $50.00 |
| 11 | Oregon | $105,280 | $50.62 |
| 12 | Ohio | $92,801 | $44.62 |
| 13 | Vermont | $96,281 | $46.29 |
| 14 | Pennsylvania | $100,213 | $48.18 |
| 15 | Iowa | $95,356 | $45.84 |
| 16 | Hawaii | $109,381 | $52.59 |
| 17 | Illinois | $97,638 | $46.94 |
| 18 | Maine | $101,416 | $48.76 |
| 19 | Louisiana | $97,235 | $46.75 |
| 20 | Indiana | $94,507 | $45.44 |
| 21 | West Virginia | $93,498 | $44.95 |
| 22 | Alaska | $94,427 | $45.40 |
| 23 | North Carolina | $94,567 | $45.46 |
| 24 | North Dakota | $87,919 | $42.27 |
| 25 | Idaho | $91,515 | $44.00 |
| 26 | Texas | $93,728 | $45.06 |
| 27 | Kentucky | $86,609 | $41.64 |
| 28 | Minnesota | $89,802 | $43.17 |
| 29 | South Dakota | $86,141 | $41.41 |
| 30 | Virginia | $93,790 | $45.09 |
| 31 | New Hampshire | $89,409 | $42.99 |
| 32 | New York | $92,630 | $44.53 |
| 33 | Arizona | $91,371 | $43.93 |
| 34 | Missouri | $83,829 | $40.30 |
| 35 | Tennessee | $85,295 | $41.01 |
| 36 | Wisconsin | $81,320 | $39.10 |
| 37 | Nebraska | $81,552 | $39.21 |
| 38 | Arkansas | $84,351 | $40.55 |
| 39 | Maryland | $93,449 | $44.93 |
| 40 | New Mexico | $82,621 | $39.72 |
| 41 | Mississippi | $84,831 | $40.78 |
| 42 | Utah | $82,496 | $39.66 |
| 43 | Montana | $79,895 | $38.41 |
| 44 | Georgia | $88,109 | $42.36 |
| 45 | Wyoming | $76,890 | $36.97 |
| 46 | Oklahoma | $85,734 | $41.22 |
| 47 | Washington | $87,570 | $42.10 |
| 48 | Florida | $80,367 | $38.64 |
| 49 | South Carolina | $81,510 | $39.19 |
| 50 | Colorado | $84,066 | $40.42 |
| 51 | Alabama | $73,873 | $35.52 |
Highest paying cities for business advisors
The highest-paying cities for business advisors are San Francisco, CA, Boston, MA, and Albany, OR.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | San Francisco, CA | $126,199 | $60.67 |
| 2 | Boston, MA | $109,661 | $52.72 |
| 3 | Albany, OR | $105,756 | $50.84 |
| 4 | Philadelphia, PA | $100,728 | $48.43 |
| 5 | Kansas City, KS | $98,909 | $47.55 |
| 6 | Chicago, IL | $98,294 | $47.26 |
| 7 | Detroit, MI | $96,878 | $46.58 |
| 8 | New Orleans, LA | $96,477 | $46.38 |
| 9 | Morrisville, NC | $96,286 | $46.29 |
| 10 | McLean, VA | $95,079 | $45.71 |
| 11 | Fort Worth, TX | $95,008 | $45.68 |
| 12 | Cleveland, OH | $94,772 | $45.56 |
| 13 | Des Moines, IA | $94,225 | $45.30 |
| 14 | Indianapolis, IN | $94,174 | $45.28 |
| 15 | Albany, NY | $93,452 | $44.93 |
| 16 | Scottsdale, AZ | $91,694 | $44.08 |
| 17 | Minneapolis, MN | $89,780 | $43.16 |
| 18 | Atlanta, GA | $88,252 | $42.43 |
| 19 | Seattle, WA | $88,095 | $42.35 |
| 20 | Frankfort, KY | $87,386 | $42.01 |
Business Advisors are the most in-demand in these five cities:
Business advisor salary details
A business advisor's salary ranges from $67,000 a year at the 10th percentile to $138,000 at the 90th percentile.
What is a business advisor's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $138,000 | $11,500 | $66 |
| 75th Percentile | $116,000 | $9,667 | $56 |
| Average | $96,469 | $8,039 | $46 |
| 25th Percentile | $79,000 | $6,583 | $38 |
| 10th Percentile | $67,000 | $5,583 | $32 |
Highest paying business advisor jobs
The highest paying types of business advisors are senior business manager, business director, and senior advisor.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Business Development Consultant | $85,153 | $7,096 | $40.94 | 168,111 |
| Small Business Consultant | $47,982 | $3,999 | $23.07 | 116,476 |
| Business Development Coordinator | $58,362 | $4,863 | $28.06 | 133,973 |
| New Business Development | $84,261 | $7,022 | $40.51 | 197,789 |
| Business Consultant | $87,214 | $7,268 | $41.93 | 128,033 |
| Business Internship | $35,282 | $2,940 | $16.96 | 97,196 |
Top companies hiring business advisors now:
Which companies pay business advisors the most?
Business advisor salaries at Amazon and Boehringer Ingelheim are the highest-paying according to our most recent salary estimates. In addition, the average business advisor salary at companies like Bloomberg and Workday are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Amazon | $143,572 | $69.03 |
| 2 | Boehringer Ingelheim | $139,179 | $66.91 |
| 3 | Bloomberg | $136,271 | $65.51 |
| 4 | Workday | $133,073 | $63.98 |
| 5 | ConocoPhillips | $125,696 | $60.43 |
| 6 | Marathon Petroleum | $123,840 | $59.54 |
| 7 | Shell Trading | $122,169 | $58.74 |
| 8 | Canon | $113,627 | $54.63 |
| 9 | Chevron | $112,356 | $54.02 |
| 10 | United Nations Foundation | $108,545 | $52.19 |
| 11 | CVS Health | $107,956 | $51.90 |
| 12 | SE2 | $107,912 | $51.88 |
| 13 | Koch Industries | $107,690 | $51.77 |
| 14 | Takeda Pharmaceuticals U.S.A., Inc. | $106,777 | $51.34 |
| 15 | Federal Reserve Bank | $105,889 | $50.91 |
| 16 | Federal Reserve | $105,418 | $50.68 |
| 17 | Summa Health | $103,780 | $49.89 |
| 18 | Ernst & Young | $103,098 | $49.57 |
| 19 | AARP | $102,087 | $49.08 |
| 20 | Quest Software | $100,746 | $48.44 |
Wage gap by gender, race and education
Business Advisor salary by industry
The average business advisor salary varies across industries:
- The average business advisor salary in the technology industry is $92,206, the highest of any industry.
- The average business advisor salary in the finance industry is $85,454.
- Business advisors in the government industry earn an average salary of $66,792, the lowest of any industry.
Highest paying industries for business advisors
| Rank | Industry | Average salary | Hourly rate |
|---|---|---|---|
| 1 | Technology | $92,206 | $44.33 |
| 2 | Transportation | $85,454 | $41.08 |
| 3 | Professional | $84,343 | $40.55 |
| 4 | Finance | $84,037 | $40.40 |
| 5 | Government | $66,792 | $32.11 |
High paying business advisor jobs
Business advisor salary trends
The average business advisor salary has risen by $14,198 over the last ten years. In 2014, the average business advisor earned $82,271 annually, but today, they earn $96,469 a year. That works out to a 9% change in pay for business advisors over the last decade.
Compare business advisor salaries for cities or states with the national average over time.
Average business advisor salary over time
Compare business advisor salaries for individual cities or states with the national average.
Business advisor salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $96,500 | $46.38 | +3.8% |
| 2024 | $92,800 | $44.61 | +2.3% |
| 2023 | $90,600 | $43.57 | +0.7% |
| 2022 | $90,000 | $43.25 | +1.4% |
| 2021 | $88,700 | $42.65 | +1.3% |
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