Updated April 6, 2023

Finance Advisor Salary Estimate


$31.25 hourly

Entry level Salary
$34,000 yearly

How much does a Finance Advisor make?

The average salary for a finance advisor in the United States is $64,993. Finance advisor salaries typically range between $34,000 and $121,000 a year. The average hourly rate for finance advisors is $31.25 per hour.

Location, education, and experience impacts how much a finance advisor can expect to make. Finance advisors make the most in New York, Maine, Massachusetts, New Jersey, and Virginia.

Research Summary.
  • The average salary for a finance advisor is $64,993 in the US.
  • The average finance advisor salary ranges between $34,000 and $121,000 in the US.
  • Hourly rates for finance advisors in the US typically range between $16 and $58 an hour.
  • The average finance advisor salary is $110,404 in New York, $101,268 in Maine, and $101,081 in Massachusetts. These are the three highest-paying states for finance advisors in the US.
  • Enbridge has the highest average salary for finance advisors.
  • Finance is the highest-paying industry for finance advisors in the US.

Highest Paying States For Finance Advisors

While a finance advisor can average a salary of $64,993 per year, or $31.25 per hour, there are many opportunities for finance advisors to make more. For example, in New York, NY you might make $111,661 per year. Other high-paying locations include Portland, ME, Boston, MA and Washington, NJ. If you're in an entry-level position, your best bet is to move to New York, NY where the average starting salary is $63,000. The highest paying states for finance advisors include New York, Maine and Massachusetts. Meanwhile, Montana, Hawaii, and Nevada offer the lowest salaries.
  • State View
  • County View
Average Salary:

Finance Advisor average salary by State

RankStateAvg. SalaryHourly RateJob Count
1New York$110,404$53.082,665
3Rhode Island$85,738$41.22209
4District of Columbia$90,597$43.56376
7New Jersey$92,347$44.401,142
9North Carolina$82,088$39.471,375
11North Dakota$75,308$36.21157
12New Hampshire$83,145$39.97213
13West Virginia$80,734$38.81127
24South Carolina$73,662$35.41430
46New Mexico$52,357$25.17218
50South Dakota$47,383$22.78111

Highest Paying Cities For Finance Advisors

RankCityAvg. SalaryHourly RateJob Count
1New York, NY$111,661$53.6872
2Portland, ME$102,614$49.338
3Boston, MA$101,333$48.7233
4Washington, NJ$92,166$44.31
5Washington, DC$90,757$43.63
6Richmond, VA$86,414$41.5517
7Jacksonville, NC$84,518$40.633
8Richmond, IN$78,606$37.7917
9Philadelphia, PA$75,574$36.3325
10Baton Rouge, LA$74,768$35.959
11Columbus, OH$72,074$34.6528
12Coral Gables, FL$70,641$33.963
13Baltimore, MD$68,832$33.0919
14Chicago, IL$68,112$32.7536
15Minneapolis, MN$66,660$32.0514

Here Are The Five Most In Demand Cities Right Now:

  1. New York, NY
  2. Portland, ME
  3. Boston, MA
  4. Washington, NJ
  5. Washington, DC

Finance Advisor Salary by Years of Experience

The salary for a finance advisor can vary depending on the years of experience that a person has, from entry level to senior level. An accountant with 0-2 years of experience earns an average salary of $35,338, a mid-career professional with 3-6 years of experience makes $64,993 a year on average, and a senior level accountant with 7-12 years of experience enjoys an average annual salary of $97,743. Data on how experience level affects total compensation is provided by the Bureau of Labor Statistics (BLS) as part of their National Compensation Survey, which is based on factors such as knowledge, complexity, contacts, and environment.

Finance Advisors Salary Details

Average Finance Advisor Salary Graph
Average Finance Advisor Salary Graph, Trends, and Summary

What is a Finance Advisor's Salary?

PercentileAnnual SalaryMonthly SalaryHourly Rate
90th Percentile$121,000$10,083$58
75th Percentile$90,000$7,500$43
25th Percentile$46,000$3,833$22
10th Percentile$34,000$2,833$16

Highest Paying Types of Finance Advisors

Job TitleAnnual SalaryMonthly SalaryHourly RateJob Openings
Investment Consultant$109,300$9,108$52.5548,111
Treasury Analyst$72,667$6,056$34.9450,817
Budget Analyst$56,598$4,716$27.2150,081
Wealth Management Internship$87,382$7,282$42.01119,112
Fund Accountant$60,203$5,017$28.9435,702
Accounting Analyst$58,399$4,867$28.0881,097

How Would You Rate The Starting Salaries For Finance Advisors, As Well As The Prospects For Salary Advancement?

Price Fishback Ph.D.

APS Professor of Economics at the University of Arizona, The University of Arizona

The Bureau of Labor Statistics reports that economics majors are among the highest-paid undergraduate majors immediately after graduation and later in life. Prospects are good.

Here are the five companies hiring the most now:

  1. AIG Jobs (286)
  2. Citi Jobs (229)
  3. Morgan Stanley Jobs (2,533)
  4. UBS Jobs (757)
  5. Edward Jones Jobs (2,562)

Which Companies Pay Finance Advisors The Most?

The highest paying companies for finance advisors are Enbridge and BP America Inc according to our most recent salary estimates. In addition, companies like Bloomberg and Exxon Mobil report highly competitive wages for finance advisors.
RankCompanyAverage SalaryHourly RateJob Openings
2BP America Inc$161,151$77.48
4Exxon Mobil$120,065$57.7210
5SAS Institute$118,940$57.182
6Goldman Sachs$114,394$55.0030
7BTG Pactual$113,455$54.55
9The Pacific Bridge Companies$109,511$52.65
11Western & Southern Financial Group$108,509$52.17106
12Credit Suisse$108,450$52.148
13Deutsche Bank$107,180$51.5323
15The Financial Advisors$104,422$50.20
16Northern Trust$102,232$49.1539
17D.A. Davidson Companies$102,017$49.051
18Wunderlich Securities$102,001$49.04
19BNP Paribas$101,935$49.0114

Finance Advisor Pay Trends

Average Finance Advisor Salary Over Time

Compare salaries for individual cities or states with the national average.

    Finance Advisor Salary By Year

    YearAvg. SalaryHourly Rate% Change

    Recently Added Finance Advisor Salaries

    CompanyJobLocationDate AddedSalary
    New York Life-MinnesotaFinancial AdvisorEdina, MN05/02/2023$85,000
    New York Life-MelvilleFinancial AdvisorMelville, NY05/02/2023$50,000
    New York Life-Lafayette TeamFinancial AdvisorLafayette, LA05/02/2023$75,000
    Cuna Mutual GroupFinancial Advisor Coordinator-Family Security Credit UnionDecatur, AL05/01/2023$31,700
    Massmutual NcLicensed Financial AdvisorRaleigh, NC05/01/2023$120,000
    Navy Federal Credit UnionFinancial AdvisorVirginia Beach, VA05/01/2023$55,000
    Futurity First Insurance Group-Greater TexasFinancial Planning AdvisorHouston, TX05/01/2023$100,000
    New York Life-Fort WorthFinancial AdvisorFort Worth, TX04/30/2023$90,000
    New York Life-Lance GillmanFinancial AdvisorPrescott, AZ04/30/2023$100,000
    New York Life OahuFinancial AdvisorUrban Honolulu, HI04/30/2023$100,000

    Finance Advisor Salaries FAQs

    What State Pays Finance Advisors The Most?

    New York pays Finance Advisors the most in the United States, with an average salary of $110,404 per year, or $53.08 per hour.

    How Do I Know If I'm Being Paid Fairly As A Finance Advisor?

    You know if you are being paid fairly as a Finance Advisor if your pay is close to the average pay for the state you live in. For example, if you live in Maine you should be paid close to $101,268 per year.

    What Is A Good Starting Salary For A Finance Advisor?

    A good starting salary for a finance advisor is $39,000 in the United States. That puts you in the 10th percentile of annual income for a finance advisor in the U.S., which is about what you would expect if you were new to the field. The average salary for finance advisors is $67,192, but that normally requires some level of experience to achieve. Furthermore, a good starting salary for a finance advisor can vary by state.

    Do Finance Jobs Pay Well?

    Yes, finance jobs pay well. The finance sector is one of the highest-paid sectors in the United States. Jobs in finance often pay well, and certain roles and career tracks can pay extremely well.

    Do Financial Advisors Get A Base Salary?

    Yes, some financial advisors get a base salary. The average base salary for a financial advisor is between $45,000 and $65,000 annually, before bonuses.

    Many financial advisors can earn performance-based bonuses bringing the total annual salary earned by a financial advisor up to a median annual salary of $88,000. The highest-paid financial advisors earned more than $200,000.

    How Are Financial Advisors Paid?

    Financial advisors are paid either by earning flat fees, earning commissions, having an annual company salary, or some combination of the three.

    All financial advisors have their own unique pay structures. However, a financial advisor will always be paid in one or a combination of these means:

    How Much Do Finance Majors Make?

    Finance majors make between $50,000 and $1 million, or more, per year. This depends on the company a finance major works for, their job titles, and any bonus compensation they might make.

    Finance majors generally make very high salaries when compared to many other majors. Here are some finance positions and their average annual salaries:

    • Financial Analyst

      A financial analyst analyzes past and current trends to help create a better financial future for a company or client.

      Financial analysts use financial reports created by accountants to help guide a company on how best to use its resources. They aim to investigate data to identify business opportunities or give investment plans. Senior financial analysts focus on devising investment recommendations more than anything else.

      The average salary of a financial analyst in the United States is $73,233 per year.

    • Statistician

      Statisticians examine specific sets of data and apply business models to them. They study and try to solve organizational issues in a company using statistics. Once they have determined which data can be used to resolve a specific issue, they utilize surveys and different kinds of experiments to gather information.

      Statisticians use industry-standard concepts in their analyses but might create new theories, rules, and models if necessary.

      Once a statistician is done with their analysis, they translate the new information they've learned into reports for executives at their companies to help with decision-making and strategy options.

      The average salary of a statistician in the United States is $92,270 per year.

    • Investment Banking Analyst

      This is an entry-level finance position, and it still pays well on average. They spend their workdays taking orders from investment associates and directors.

      They often utilize programs such as Excel and PowerPoint. The role is notorious for long working hours and very little sleep. Generally, the position breaks down as part investment analyst, part computer tech, and part personal assistant to higher personnel.

      Investment banking analysts have an average base salary of around $100,000 annually.

    • Investment Banking Associate

      Most first-year associates oversee investment banking analysts and perform some of the same tasks. They play a group leader or managerial role to analysts.

      Associates must be skilled in communication because they often act as liaisons between senior banking officials and their team of analysts.

      With bonuses and other compensation, a first-year associate can earn up to $225,000 annually, with a base salary of around $150,000.

    • Senior Vice President

      For many in the finance industry, this is the highest role one can obtain. Life as a senior vice president is vastly different from the lives of analysts, associates, and investment VPs.

      Their main objectives and responsibilities fall under the prospecting and allocating of new business. Senior VPs often do a lot of traveling because of this.

      Their annual salaries range from $500,000 to $1 million yearly (before bonuses).

    What Is The Average Starting Salary For A Financial Advisor?

    The average starting salary for a financial advisor is around $49,000 annually. This average starting salary can quickly grow depending on the particular financial advisor's ability within their career.

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