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.
|Rank||State||Avg. Salary||Hourly Rate||Job Count|
|4||District of Columbia||$90,597||$43.56||376|
Recent Job Searches
|Rank||City||Avg. Salary||Hourly Rate||Job Count|
|1||New York, NY||$111,661||$53.68||72|
|10||Baton Rouge, LA||$74,768||$35.95||9|
|12||Coral Gables, FL||$70,641||$33.96||3|
Here Are The Five Most In Demand Cities Right Now:
|Percentile||Annual Salary||Monthly Salary||Hourly Rate|
|Job Title||Annual Salary||Monthly Salary||Hourly Rate||Job Openings|
|Wealth Management Internship||$87,382||$7,282||$42.01||119,112|
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:
|Rank||Company||Average Salary||Hourly Rate||Job Openings|
|2||BP America Inc||$161,151||$77.48|
|9||The Pacific Bridge Companies||$109,511||$52.65|
|11||Western & Southern Financial Group||$108,509||$52.17||106|
|15||The Financial Advisors||$104,422||$50.20|
|17||D.A. Davidson Companies||$102,017||$49.05||1|
Compare salaries for individual cities or states with the national average.
|Year||Avg. Salary||Hourly Rate||% Change|
|New York Life-Minnesota||Financial Advisor||Edina, MN||05/02/2023||$85,000|
|New York Life-Melville||Financial Advisor||Melville, NY||05/02/2023||$50,000|
|New York Life-Lafayette Team||Financial Advisor||Lafayette, LA||05/02/2023||$75,000|
|Cuna Mutual Group||Financial Advisor Coordinator-Family Security Credit Union||Decatur, AL||05/01/2023||$31,700|
|Massmutual Nc||Licensed Financial Advisor||Raleigh, NC||05/01/2023||$120,000|
|Navy Federal Credit Union||Financial Advisor||Virginia Beach, VA||05/01/2023||$55,000|
|Futurity First Insurance Group-Greater Texas||Financial Planning Advisor||Houston, TX||05/01/2023||$100,000|
|New York Life-Fort Worth||Financial Advisor||Fort Worth, TX||04/30/2023||$90,000|
|New York Life-Lance Gillman||Financial Advisor||Prescott, AZ||04/30/2023||$100,000|
|New York Life Oahu||Financial Advisor||Urban Honolulu, HI||04/30/2023||$100,000|
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.
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.
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.
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.
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.
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:
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:
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.
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).
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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