How to hire a Finance Advisor

How to hire a finance advisor, step by step

Here's a step-by-step finance advisor hiring guide:

• Step 1: Identify your hiring needs
• Step 2: Create an ideal candidate profile
• Step 3: Make a budget
• Step 4: Write a finance advisor job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new finance advisor
• Step 8: Go through the hiring process checklist

What does a Finance Advisor do?

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1. Identify your hiring needs

   Before you post your finance advisor job, you should take the time to determine what type of worker your business needs. While certain jobs definitely require a full-time employee, it's sometimes better to find a finance advisor for hire on a part-time basis or as a contractor.

   Determine Employee vs Contractor Status

   Is the person you're thinking of hiring a US citizen or green card holder?

   Yes

   No

   A finance advisor's background is also an important factor in determining whether they'll be a good fit for the position. For example, finance advisors from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.

   The following list breaks down different types of finance advisors and their corresponding salaries.

   Type Of Finance Advisor	Description	Hourly Rate
   Finance Advisor	Personal financial advisors give financial advice to people. They help with investments, taxes, and insurance decisions.	$16-58
   Investment Consultant	An investment consultant is a professional who gives investment products, planning, and/or advice to investors. Investment consultants formulate investment strategies to help clients fulfill their necessities and realize their financial objectives... Show More	$28-94
   Treasury Analyst	A treasury analyst is a professional who manages and analyses the financial activities of an organization that can include cash flows, liability obligations, and assets. Treasury analysts are required to execute the daily cash management of the organization such as cash forecasting, investing of excess cash, and running a hedging program in interest rates... Show More	$25-48

   Show more

2. Create an ideal candidate profile

   Common Skills:

   • Team Support
   • Wealth Management
   • Securities
   • Strong Computer
   • Financial Services
   • Client Facing
   • Investment Strategies
   • Training Programs
   • FINRA
   • Investment Products
   • Investment Management
   • Good Judgment
   • Customer Service
   • Financial Solutions

   Check All Skills

   Responsibilities:

   • Manage all budget and forecast submissions into Hyperion.
   • Manage $3MM private investment portfolio consisting of mid-cap/large-cap equities.
   • Structure and manage investment portfolios using a range of financial instruments, including equity securities and fix income instruments.
   • Manage and strengthen customer relationships through cross-selling and up-selling to maximize retention and income generation by contacting existing and prospective customers.
   • Research eligibility and status of all Medicare and Medicaid patients.
   • Perform portfolio analysis using MorningStar workstation and complete cost basis research project.

   More Finance Advisor duties

3. Make a budget

   Including a salary range in your finance advisor job description is one of the best ways to attract top talent. A finance advisor can vary based on:

   • Location. For example, finance advisors' average salary in utah is 65% less than in new york.
   • Seniority. Entry-level finance advisors 72% less than senior-level finance advisors.
   • Certifications. A finance advisor with certifications usually earns a higher salary.
   • Company. Working for an established firm or a new start-up company can make a big difference in a finance advisor's salary.

   Average finance advisor salary

   $64,993yearly

   $31.25 hourly rate

   ---

   Entry-level finance advisor salary

   $34,000 yearly salary

   Updated January 14, 2025

   Average finance advisor salary by state

   Rank	State	Avg. Salary	Hourly Rate
   1	New York	$111,661	$54
   2	Maine	$102,614	$49
   3	Massachusetts	$101,333	$49
   4	New Jersey	$92,166	$44
   5	District of Columbia	$90,757	$44
   6	Virginia	$86,414	$42
   7	North Carolina	$84,518	$41
   8	Indiana	$78,606	$38
   9	Pennsylvania	$75,574	$36
   10	Louisiana	$74,768	$36
   11	Ohio	$72,074	$35
   12	Florida	$70,641	$34
   13	Maryland	$68,832	$33
   14	Illinois	$68,112	$33
   15	Minnesota	$66,660	$32
   16	Texas	$66,168	$32
   17	California	$65,963	$32
   18	Arizona	$63,142	$30
   19	Washington	$62,482	$30
   20	Nebraska	$59,505	$29

   Average finance advisor salary by company

   Company

   Rank	Company	Average Salary	Hourly Rate	Job Openings
   1	Enbridge	$174,930	$84.10	13
   2	BP America Inc	$161,151	$77.48	2
   3	Bloomberg	$129,956	$62.48	11
   4	Exxon Mobil	$120,065	$57.72	11
   5	SAS Institute	$118,940	$57.18	2
   6	Goldman Sachs	$114,394	$55.00	37
   7	BTG Pactual	$113,455	$54.55
   8	Elanco	$109,567	$52.68	4
   9	The Pacific Bridge Companies	$109,511	$52.65
   10	Bulltick	$109,143	$52.47
   11	Western & Southern Financial Group	$108,509	$52.17	261
   12	Credit Suisse	$108,450	$52.14
   13	Deutsche Bank	$107,180	$51.53	16
   14	AIG	$105,596	$50.77	9
   15	The Financial Advisors	$104,422	$50.20
   16	Northern Trust	$102,232	$49.15	76
   17	D.A. Davidson Companies	$102,017	$49.05	21
   18	Wunderlich Securities	$102,001	$49.04
   19	BNP Paribas	$101,935	$49.01
   20	Citi	$101,803	$48.94	190

4. Writing a Finance Advisor Job Description

   A job description for a finance advisor role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's a finance advisor job description:

   Finance Advisor job description example

   TransUnion's Job Applicant Privacy Notice
   
   What We'll Bring:
   At TransUnion, we have a welcoming and energetic environment that encourages collaboration and innovation. We are consistently exploring new technologies and tools to be agile. This environment gives our people the opportunity to hone current skills and build new capabilities, while discovering their genius.
   
   Come be a part of our team - you'll work with great people, pioneering products and cutting-edge technology.
   
   What You'll Bring:
   Bachelor's degree in Accounting/Finance and ability to apply key accounting and finance principles.3-5 years of direct experience.Lead the consolidation and visualization of actuals for various product lines and cost centers.Prepare quarterly forecast and annual budget cycle through the preparation of reporting and analysis.Communicate financial performance to executive leadership team members.
   
   We'd Love To See:
   Strong analytic and technical skills, including familiarity with Microsoft Office products, Power BI and Salesforce.
   
   Impact You'll Make:
   The Finance team partners with the parent company, TransUnion to provide financial insight into business performance while helping inform and support decision-making processes.Activities include reporting key business performance indicators; strategic planning; annual budgeting and forecasting; variance analysis and the preparation of executive reports and presentations.Associates have strong planning and analytical skills, GAAP knowledge, the ability to interpret and clearly explain data to non-Finance leadership and enjoy ongoing opportunities to support the business and improve business performance.Support respective lines of business by researching questions and investigating variances on financial statements.Prepare ad-hoc reports and assists in special projects, focused to improve forecasting accuracy and provide additional business insight.Work with functional teams to develop KPIs for operational performance and strategic goal-setting.Prepare client and product-level P&L models and reporting.Work with Sales, Operations and Client Success teams to develop client-facing reporting and data visualization.Partner with the Product and Technology team to analyze and budget for Capex investment and budgetary tracking.Prepare profitability and variance analysis, pricing models, etc., as needed.
   
   We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability status, veteran status, marital status, citizenship status, sexual orientation, gender identity or any other characteristic protected by law.
   
   TransUnion's Internal Job Title:
   Acquisition Exempt, Acquired Associate

   Copy This Example

   

5. Post your job

   To find finance advisors for your business, try out a few different recruiting strategies:

   • Consider internal talent. One of the most important talent pools for any company is its current employees.
   • Ask for referrals. Reach out to friends, family members, and your current work to ask if they know any finance advisors they would recommend.
   • Recruit at local colleges. Attend job fairs at local colleges to recruit entry-level finance advisors with the right educational background.
   • Social media platforms. LinkedIn, Facebook, and Twitter have more than 3.5 billion users, and they're a great place for company branding and reaching potential job candidates.

   Post your job online:

   • Post your finance advisor job on Zippia to find and recruit finance advisor candidates who meet your exact specifications.
   • Use field-specific websites such as efinancialcareers, financialjobsweb.com, careerbank, financial job bank.
   • Post a job on free websites.

6. Interview candidates

   Recruiting finance advisors requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.

   It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you can move on to the technical interview.

   The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

7. Send a job offer and onboard your new finance advisor

   Once you've found the finance advisor candidate you'd like to hire, it's time to write an offer letter. This should include an explicit job offer that includes the salary and the details of any other perks. Qualified candidates might be looking at multiple positions, so your offer must be competitive if you like the candidate. Also, be prepared for a negotiation stage, as candidates may way want to tweak the details of your initial offer. Once you've settled on these details, you can draft a contract to formalize your agreement.

   You should also follow up with applicants who don't get the job with an email letting them know that you've filled the position.

   Once that's done, you can draft an onboarding schedule for the new finance advisor. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.

8. Go through the hiring process checklist

   • Determine employee type (full-time, part-time, contractor, etc.)
   • Submit a job requisition form to the HR department
   • Define job responsibilities and requirements
   • Establish budget and timeline
   • Determine hiring decision makers for the role
   • Write job description
   • Post job on job boards, company website, etc.
   • Promote the job internally
   • Process applications through applicant tracking system
   • Review resumes and cover letters
   • Shortlist candidates for screening
   • Hold phone/virtual interview screening with first round of candidates
   • Conduct in-person interviews with top candidates from first round
   • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
   • Conduct background checks on top candidates
   • Check references of top candidates
   • Consult with HR and hiring decision makers on job offer specifics
   • Extend offer to top candidate(s)
   • Receive formal job offer acceptance and signed employment contract
   • Inform other candidates that the position has been filled
   • Set and communicate onboarding schedule to new hire(s)
   • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)

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How much does it cost to hire a finance advisor?