Find The Best Wealth Management Advisor Jobs For You

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Average Salary
$65,461
Average Salary
Job Growth Rate
7%
Job Growth Rate
Job Openings
70,969
Job Openings

Wealth Management Advisor Careers

A Wealth Management Advisor is a consultant of a sorts, mainly hired by financial institutions to cater to affluent clients, though sometimes they may be entrepreneurs or be hired as freelancers by the clients themselves. As the name suggests, the position entails advising said clients on investment in various markets, but more so, they must communicate with the customer about taxes and other financial matters. In that sense, this position requires expertise in many diverse areas. An Advisor might have to work with others, such as lawyers and accountants, to craft the best investment and financial plan possible.

Depending on the employer, a Bachelor's in Finance, Business, or Economics, or a related field of study might be enough, but some might ask for a Master's in similar subjects.

There is more than meets the eye when it comes to being a wealth management advisor. For example, did you know that they make an average of $31.47 an hour? That's $65,461 a year!

Between 2018 and 2028, the career is expected to grow 7% and produce 19,100 job opportunities across the U.S.

What Does a Wealth Management Advisor Do

There are certain skills that many wealth management advisors have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, interpersonal skills and math skills.

When it comes to the most important skills required to be a wealth management advisor, we found that a lot of resumes listed 11.0% of wealth management advisors included customer service, while 8.6% of resumes included life insurance, and 8.2% of resumes included portfolio. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the wealth management advisor job title. But what industry to start with? Most wealth management advisors actually find jobs in the finance and insurance industries.

How To Become a Wealth Management Advisor

If you're interested in becoming a wealth management advisor, one of the first things to consider is how much education you need. We've determined that 67.2% of wealth management advisors have a bachelor's degree. In terms of higher education levels, we found that 15.8% of wealth management advisors have master's degrees. Even though most wealth management advisors have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a wealth management advisor. When we researched the most common majors for a wealth management advisor, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on wealth management advisor resumes include associate degree degrees or diploma degrees.

You may find that experience in other jobs will help you become a wealth management advisor. In fact, many wealth management advisor jobs require experience in a role such as finance advisor. Meanwhile, many wealth management advisors also have previous career experience in roles such as vice president or internship.

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Average Salary
$65,461
Average Salary
Job Growth Rate
7%
Job Growth Rate
Job Openings
70,969
Job Openings

Wealth Management Advisor Career Paths

Top Careers Before Wealth Management Advisor

Top Careers After Wealth Management Advisor

Wealth Management Advisor Jobs You Might Like

What is the right job for my career path?

Tell us your goals and we'll match you with the rights job to get there.

Average Salary for a Wealth Management Advisor

Wealth Management Advisors in America make an average salary of $65,461 per year or $31 per hour. The top 10 percent makes over $146,000 per year, while the bottom 10 percent under $29,000 per year.
Average Salary
$65,461
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Best Paying Cities

City
ascdesc
Average Salarydesc
San Rafael, CA
Salary Range77k - 158k$111k$110,575
New York, NY
Salary Range72k - 157k$107k$106,759
Washington, DC
Salary Range70k - 154k$104k$104,484
Atlanta, GA
Salary Range65k - 148k$99k$98,759
Miami, FL
Salary Range62k - 137k$93k$92,648
Stamford, CT
Salary Range62k - 136k$92k$92,323
$33k
$158k

Recently Added Salaries

Job TitleCompanyascdescCompanyascdescStart DateascdescSalaryascdesc
Wealth Management Advisor
Wealth Management Advisor
TIAA
TIAA
06/25/2021
06/25/2021
$57,15006/25/2021
$57,150
Wealth Management Advisor
Wealth Management Advisor
TIAA
TIAA
06/25/2021
06/25/2021
$57,15006/25/2021
$57,150
Wealth Management Advisor
Wealth Management Advisor
TIAA
TIAA
06/23/2021
06/23/2021
$99,60006/23/2021
$99,600
Wealth Management Advisor
Wealth Management Advisor
TIAA
TIAA
06/17/2021
06/17/2021
$99,92606/17/2021
$99,926
Associate Wealth Advisor-Wealth Advisory
Associate Wealth Advisor-Wealth Advisory
Cliftonlarsonallen
Cliftonlarsonallen
05/31/2021
05/31/2021
$55,00005/31/2021
$55,000
See More Recent Salaries

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Wealth Management Advisor Demographics

Gender

male

64.2 %

female

30.5 %

unknown

5.4 %

Ethnicity

White

76.1 %

Asian

8.4 %

Hispanic or Latino

8.1 %

Foreign Languages Spoken

Spanish

43.6 %

French

17.9 %

Chinese

5.1 %
See More Demographics

Wealth Management Advisor Education

Majors

Business
31.1 %
Finance
20.9 %

Degrees

Bachelors

67.2 %

Masters

15.8 %

Certificate

6.9 %

Top Colleges for Wealth Management Advisors

1. University of Minnesota - Twin Cities

Minneapolis, MN • Private

In-State Tuition
$14,760
Enrollment
31,451

2. Howard University

Washington, DC • Private

In-State Tuition
$26,756
Enrollment
6,166

3. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

4. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

5. Pennsylvania State University

University Park, PA • Private

In-State Tuition
$18,454
Enrollment
40,108

6. University of Nebraska - Lincoln

Lincoln, NE • Private

In-State Tuition
$9,242
Enrollment
20,592

7. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

8. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition
$9,808
Enrollment
13,990

9. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

10. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018
See More Education Info

Online Courses For Wealth Management Advisor That You May Like

Investment Analysis & Portfolio Management - Core Finance
udemy
4.5
(2,057)

Financial Analysis Done Right - Rigorously Analyse Investments & Manage Portfolios using Excel & Google Sheets...

Financial Investment & Risk Management
coursera

All investors in the financial market including large invest companies and private investors face common challenges when they make asset allocation decisions: where to invest, how to fulfill their obligations and what risk to take. This course will help you to gain skills in making investment decisions in the financial market in the short- and long-term perspective. The course consists of six modules, after studying which you will be able to: critically analyze, interpret information from financ...

Real Estate Asset Management 101
udemy
4.6
(967)

Real Estate Asset Management Training From Acquisition, To Ownership, Through Sale For Profitable Real Estate Investing...

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Top Skills For a Wealth Management Advisor

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 11.0% of wealth management advisors listed customer service on their resume, but soft skills such as analytical skills and interpersonal skills are important as well.

Best States For a Wealth Management Advisor

Some places are better than others when it comes to starting a career as a wealth management advisor. The best states for people in this position are New York, California, Georgia, and Maine. Wealth management advisors make the most in New York with an average salary of $102,762. Whereas in California and Georgia, they would average $101,850 and $96,707, respectively. While wealth management advisors would only make an average of $93,376 in Maine, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. New York

Total Wealth Management Advisor Jobs:
2,872
Highest 10% Earn:
$190,000
Location Quotient:
1.21
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. District of Columbia

Total Wealth Management Advisor Jobs:
377
Highest 10% Earn:
$189,000
Location Quotient:
1.22
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. California

Total Wealth Management Advisor Jobs:
5,992
Highest 10% Earn:
$186,000
Location Quotient:
1.11
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
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Top Wealth Management Advisor Employers

1. Morgan Stanley
4.9
Avg. Salary: 
$149,031
Wealth Management Advisors Hired: 
67+
2. USAA
4.8
Avg. Salary: 
$56,481
Wealth Management Advisors Hired: 
39+
3. Northwestern Mutual
4.8
Avg. Salary: 
$136,443
Wealth Management Advisors Hired: 
39+
4. FedEx
4.6
Avg. Salary: 
$55,508
Wealth Management Advisors Hired: 
33+
5. UBS
4.8
Avg. Salary: 
$104,258
Wealth Management Advisors Hired: 
28+
6. Bank of America
4.8
Avg. Salary: 
$117,209
Wealth Management Advisors Hired: 
21+
Updated October 2, 2020