Financial Adviser Salary

financial adviser salaryBasic Financial Adviser Salary Information:

The  Financial adviser salary goes from $31,279 – $159,428. The average salary of a financial adviser is around $60,413. A financial Adviser determines the best strategy for investments and retirement goals of a company. It is the adviser’s responsibility to identify new prospects, as well as to maintain the current list of clients. They also recommend financial plans a products that help meet the financial goals of the company. However, this job doesn’t come cheap.  The salary is not fixed for every single state, and varies from one state to another.

State or Province

Range of salary

California

$30,340 – $154,732

Texas

$28,192 – $121,078

Florida

$24,457 – $140,939

New York

$29,900 – $121,641

Illinois

$29,463 – $104,146

Pennsylvania

$32,151 – $106,442

Ohio

$29,118 – $90,595

The above tables show the top paying states for the profession of Financial Adviser. This is not all and the average salary of a financial adviser also scales with experience a whole lot. How much does a financial adviser make can be seen in the table below.

Experience

Range of Salary

Less than a year

$25,317 – $60,608

1 to 4 years

$25,994 – $73,641

5 to 9 years

$30,466 – $98,662

10 to 19 years

$30,316 – $185,891

More than 20 years

$44,898 – $298,278

As you can see form the tables above, the average salary of a Financial Adviser is affected by the geographical location of the job and the experience level of the person doing the job. But, these are not the only factors.

Factors that impact how much does a Financial Adviser make.:

The  Financial Adviser salary is often compared to the salary of a Walmart Manager.There are various other factors that affect the average salary of a Financial Adviser other than geographical location and experience. These factors include education, industry setting and type of employee. In the case of education, the higher the degree of the financial adviser, the more he earns. A certified financial adviser earns around $153,000. Second comes the industry setting. The industry setting has a lot of effect of the salary of this profession. This is shown in bullet point below.

  • Financial Services – $25,598 – $115,825
  • Investment Services – $28,719 – $157,138
  • Financial Planning – $30,040 – $103,568
  • Banking – $29,730 – $116,933
  • Investment Banking – $29,421 – $130,922
  • Wealth Management – $42,000 – $180,000
  • Mutual Fund Administration – $27,462 – $121,217

This is not all; the employee type is another factor that affects the salary of a financial Adviser . Some of the highest paying industry settings are given below.

  • Company$29,010 – $114,475
  • Private Practice/Firm$29,459 – $120,260
  • Self-Employed$30,000 – $250,000
  • Franchise$29,900 – $80,475
  • Other Organization$30,000 – $172,500
  • Contract$31,789 – $120,000

Financial adviser are a vital part of the company. They determine everything that has to do finance. This is one a really high paying job and also one of the best that can see you to the top.