Research Summary. Using a database of 30 million profiles, Zippia estimates demographics and statistics for finance advisors in the United States. Our estimates are verified against BLS, Census, and current job openings data for accuracy. After extensive research and analysis, Zippia's data science team found that:

  • There are over 203,791 finance advisors currently employed in the United States.
  • 27.7% of all finance advisors are women, while 72.3% are men.
  • The average age of an employed finance advisor is 44 years old.
  • The most common ethnicity of finance advisors is White (76.5%), followed by Asian (8.6%), Hispanic or Latino (7.6%) and Black or African American (5.1%).
  • Finance advisors are most in-demand in New York, NY.
  • New York, NY pays an annual average wage of $111,661, the highest in the US.
  • In 2021, women earned 85% of what men earned.
  • New York is the best state for finance advisors to live.
  • Finance advisors are 48% more likely to work at private companies in comparison to public companies.

Finance Advisor Statistics By Gender

27.7% of finance advisors are women and 72.3% of finance advisors are men.

  • Male, 72.3%
  • Female, 27.7%

Finance Advisors By Gender

GenderPercentages
Male72.3%
Female27.7%

Gender Pay Gap For Finance Advisor

Women Earn 85¢ For Every $1 Earned By Men

male-income
Male Income
$68,662
female-income
Female Income
$58,316

Finance Advisor Gender Over Time

This data shows how men and women predominate in the finance advisor position over time.

Male
Female
100%
80%
60%
40%
20%
0%
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019

Finance Advisor Gender By Year

YearMaleFemale
201069.85%30.15%
201169.03%30.97%
201270.80%29.20%
201368.70%31.30%
201468.74%31.26%
201570.41%29.59%
201670.01%29.99%
201767.57%32.43%
201869.98%30.02%
201970.52%29.48%

Finance Advisor Male to Female Ratio

We compared this job title with other job titles to see how gender percentages varied. As you can see, renewable energy system finance specialist and chartered finance analyst have the biggest difference in gender.

Job TitleMaleFemale
Escrow Officer15%85%
Customs Verifier20%80%
Credit Assistant20%80%
Finance Advisor72%28%
Head Analyst86%14%
Chartered Finance Analyst90%10%
Renewable Energy System Finance Specialist92%8%

Finance Advisor Statistics By Race

The most common ethnicity among finance advisors is White, which makes up 76.5% of all finance advisors. Comparatively, there are 8.6% of the Asian ethnicity and 7.6% of the Hispanic or Latino ethnicity.

  • White, 76.5%
  • Asian, 8.6%
  • Hispanic or Latino, 7.6%
  • Black or African American, 5.1%
  • Unknown, 2.0%
  • American Indian and Alaska Native, 0.2%

Finance Advisor Race

Finance Advisor RacePercentages
White76.5%
Asian8.6%
Hispanic or Latino7.6%
Black or African American5.1%
Unknown2.0%
American Indian and Alaska Native0.2%

Finance Advisor Race And Ethnicity Over Time

Using the Census Bureau data, we found out how the percentage of each ethnic category trended between 2010-2019 among finance advisors.

  • White
  • Asian
  • Hispanic or Latino
  • Black or African American

Finance Advisor Race By Year

YearWhiteBlack or African AmericanAsianHispanic or Latino
201078.68%5.66%7.52%6.73%
201178.73%5.77%7.25%6.61%
201277.86%5.63%7.89%7.03%
201376.25%5.79%8.67%7.55%
201476.90%6.12%8.37%7.13%
201577.44%5.63%8.38%6.93%
201676.78%5.44%8.87%7.31%
201775.57%5.55%9.25%7.81%
201876.59%5.42%8.17%7.93%
201976.54%5.15%8.61%7.63%

Finance Advisor Wage Gap By Race

Unknown finance advisors have the highest average salary compared to other ethnicities. Black or african american finance advisors have the lowest average salary at $53,785.
$69,000
$66,000
$63,000
$60,000
$57,000
$54,000
$51,000
Unknown
White
Black or African American
Asian
Hispanic or Latino
EthnicitySalary
Unknown$68,312
White$65,983
Black or African American$53,785
Asian$67,128
Hispanic or Latino$62,237

Finance Advisor JOBS

Average Age of a Finance Advisor

We determined the average age of finance advisors based on ethnicity and gender.

Male
Female

Finance Advisor Age By Race

RaceMale AgeFemale Age
Unknown4345
White4545
Black or African American4047
Asian4041.5
Hispanic or Latino3943

Finance Advisor Age Breakdown

This chart breaks down the ages of finance advisor employees. Interestingly enough, the average age of finance advisors is 40+ years old, which represents 62% of the population.

40+ years

30-40 years

20-30 years


Finance Advisor Age

Finance Advisor YearsPercentages
40+ years62%
30-40 years27%
20-30 years10%

Types of Finance Advisor Degree Levels

The most common degree for finance advisors is bachelor's degree 74% of finance advisors earn that degree. A close second is master's degree with 12% and rounding it off is associate degree with 8%.

  • Bachelors, 74%
  • Masters, 12%
  • Associate, 8%
  • High School Diploma, 3%
  • Other Degrees, 3%

Finance Advisors By Education

Finance Advisor DegreePercentages
Bachelors74%
Masters12%
Associate8%
High School Diploma3%
Other Degrees3%

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Finance Advisor Wage Gap By Education

Finance advisors with a Doctorate degree earn more than those without, at $86,634 annually. With a Masters degree, finance advisors earn a median annual income of $76,666 compared to $68,662 for finance advisors with an Bachelors degree.
$89,000
$85,000
$81,000
$77,000
$73,000
$69,000
$65,000
Master's Degree
Bachelor's Degree
Doctorate Degree
EducationSalary
Master's Degree$76,666
Bachelor's Degree$68,662
Doctorate Degree$86,634

Finance Advisor Employment Statistics

This section highlights information about where finance advisors work. We found most finance advisors work for a private company. In addition, the industry that employs the most finance advisors is the finance industry.

Company Size

We created this chart to show you the average size of companies that typically hire finance advisors.

< 50 employees

50 - 100 employees

100 - 500 employees

500 - 1,000 employees

1,000 - 10,000 employees

> 10,000

Finance Advisor Jobs By Employer Size

Company SizePercentages
< 50 employees3%
50 - 100 employees3%
100 - 500 employees11%
500 - 1,000 employees12%
1,000 - 10,000 employees36%
> 10,000 employees35%

The Types Of Companies Finance Advisor Work In

Employees with the finance advisor job title have their preferences when it comes to working for a company. For instance, most finance advisors prefer to work at private companies over public companies.

Education

Public

Private

Government

Finance Advisor Jobs By Sector

Company TypePercentages
Education3%
Public47%
Private48%
Government2%

Top Industries Hiring Finance Advisors

Just based on the number of employees within each industry, we were able to determine the most common industries that employ finance advisors. Those industries include finance, insurance and professional.

Finance

Fortune 500

Insurance

Professional

Technology

Finance Advisor Turnover And Employment Statistics

Finance Advisor Unemployment Rate Over Time

The Bureau of Labor Statistics came in clutch when it came down to figuring out how the unemployment rate has changed over time. Between 2008 and 2018, this is how the number of finance advisors changed.

  • Unemployment rate

Finance Advisor Unemployment Rate By Year

YearFinance Advisor Unemployment Rate
20103.85%
20113.28%
20122.62%
20132.79%
20141.97%
20151.35%
20161.21%
20171.18%
20181.95%
20191.59%

The Average Number of Years That Finance Advisor Stay in a Job

By looking over 33,322 finance advisors resumes, we figured out that the average finance advisor enjoys staying at their job for 1-2 years for a percentage of 42%.

Less than one year

1-2 years

3-4 years

5-7 years

8-10 years

11+ years

Finance Advisor Tenure

Number or YearsPercentages
Less than 1 year20%
1-2 years42%
3-4 years14%
5-7 years13%
8-10 years5%
11+ years6%

Comparing The LGBT Ratio of Finance Advisors with Other Job Titles

After finding the gender ratio, we wondered if the percentages of LGBT persons were different as well. Using the data below, you can see how other job titles compare to finance advisors.

Job TitleLGBTJob Openings
Risk Management Director6.07%80,337
Investment Banking Associate6.29%39,516
Appraiser7.09%1,186
Budget Engineer7.66%96300.00%
Inventory Auditor8.40%37,887
Finance Advisor9.00%
Income Tax Consultant11.07%39,838

Finance Advisor LGBT Demographics

ProfessionPercentages of LGBT Job Openings
Risk Management Director6.07%80,337
Investment Banking Associate6.29%39,516
Appraiser7.09%1,186
Budget Engineer7.66%963
Inventory Auditor8.40%37,887
Income Tax Consultant11.07%39,838

Foreign Languages Spoken By Finance Advisors

The most common foreign language among finance advisors is Spanish at 47.8%. The second-most popular foreign language spoken is French at 10.9% and Mandarin is the third-most popular at 6.2%.

  • Spanish, 47.8%
  • French, 10.9%
  • Mandarin, 6.2%
  • Chinese, 5.0%
  • German, 4.6%
  • Other, 25.5%

Finance Advisor Languages Spoken

Foreign LanguagePercentages
Spanish47.8%
French10.9%
Mandarin6.2%
Chinese5.0%
German4.6%
Other25.5%

Finance Advisor Jobs

Recently Added Finance Advisor Jobs

Finance Advisor Heatmaps

The amount you can make as a finance advisor can depend on where you live. For example, the highest salary of finance advisors is $97,743. Use our chart to find out where that salary is located.

Where Do Finance Advisors Earn The Most?

Finance advisors earn the most in New York, where the average finance advisor salary is $110,404. The map here shows where finance advisors earn the highest salaries in the U.S. The darker areas across the 50 states highlight the highest salaries.

Average Salary

Which State Has The Most Finance Advisors?

By looking through more than 33,322 resumes, we found that the most popular places for finance advisors are New York, NY and Phoenix, AZ.

Number of Finance Advisors

Number Of Finance Advisor Jobs By State

Where Are Finance Advisors In High Demand?

Finance advisors are in high demand in New York, NY. There are currently 105 job openings for finance advisors here. We looked over job openings to determine where in the country finance advisors are in the most demand.

Jobs Openings

Finance Advisor Demographics FAQs

What Percentage Of Finance Advisors Are Female?

29.5% of finance advisors are female in the United States. This is -0.5 percentage points lower than last year. Additionally, the percentage of female finance advisors has decreased by -0.7 percentage points since 2010. That means there are a total of 60,118 female finance advisors in the U.S. and 143,673 male finance advisors in the United States. Note that Zippia's estimate accounts only for the 203,791 people with the specific job title of finance advisor and doesn't include grouping similar job titles, or people with potentially similar credentialing.

Why I Quit Being A Financial Advisor?

The most common reasons financial advisors quit are lack of fulfillment, difficulty finding clients, and burnout. Over 90% of financial advisors do not last three years, which means that there is a very low retention rate for financial advisors.

To be a successful financial advisor, you need to be able to close a deal. The most crucial part of this is finding clients to begin a deal with. Finding the right client requires networking, communication, and lots of work. This can be overwhelming and stressful for many people.

Many former financial advisors cite the lack of fulfillment as a reason for why they left. Most financial planners will find themselves working in traditional financial planning firms. While these jobs generally have great pay, they are often very monotonous. Monotonous work has been shown to damage mental health, which leads to this lack of fulfillment in a career.

Burnout is also extremely common for financial advisors. Beginning financial advisors often work long, arduous hours to try to get ahead in their careers. It is an extremely competitive career, and you need to work hard and fast. This can often lead to burnout.

How Many Finance Advisor Are There In The Us?

There are over 241,225 Finance Advisors in the United States.

What Percentage Of Finance Advisors Are Black?

5.1% of Finance Advisors are Black or African American

What Race Are Most Finance Advisors?

Most a are White, with 76.5% of Finance Advisors belonging to this ethnicity. 8.6% of Finance Advisors are Asian, 7.6% of Finance Advisors are Hispanic or Latino, 5.1% of Finance Advisors are Black or African American, 2.0% of Finance Advisors are Unknown, and 0.2% of Finance Advisors are American Indian and Alaska Native

Are Finance Advisor Jobs Male - Dominated ?

Yes, Finance Advisor jobs are male - dominated. 72% of Finance Advisors are male, and 27% are female, so there are more male Finance Advisors than female Finance Advisors in the United States.

How Old Is The Average Finance Advisor ?

The average Finance Advisor is 45 years old. 62% of Finance Advisors are 40+ years old or older, 27% are between the ages of 30-40 years, and 10% are between 20-30 years old

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