If you’re a financial advisor in the [business sector], then you’re probably wondering, “what’s the average salary for a financial advisor?” Despite being a question you’ve probably never answered, it’s actually pretty easy if you know where to look. I mean, sure — you could slap on a snowboard and do a couple of 360s down [mountain] Everest and carry out some detailed market research — but all you really need are some search skills…
The average salary for a financial advisor is $60,000 per year.
Average salary for a financial advisor
Financial advisors help clients manage their money. It’s a very rewarding profession that can also be lucrative, especially for people who are good with numbers, enjoy helping others and have great interpersonal skills. Read on to learn more about the career and what you need to do to get started on your journey toward becoming a financial advisor.
Senior Financial Planner
As a senior financial planner, it’s your job to help people manage their money so they can meet their financial goals. This might include helping them plan for retirement, saving money, or making sound financial decisions.
Average Salary: $82,000-$100,000 annually
You can expect to make between $82,000 and $100,000 annually as a financial advisor. This is a stable profession that provides good pay. The average age of an advisor is 40 years old, though it’s common for someone to start later in life after building up experience in other fields. It’s also important to have a good work-life balance and be able to work remotely if possible so that you can set your own schedule and spend time with your family.
Most Common Benefits: Paid time off, Flexible schedule, Health insurance
Another benefit that you can expect to receive is paid time off. This includes vacation, sick days, and holidays. Financial advisors are also given a flexible schedule so they can set their own hours. Another common benefit for these professionals is health insurance coverage for both the employee and family members. You will also have dental insurance, vision insurance, life insurance, disability insurance and 401k options included with your benefits package if you choose to work at this position.
Number of Jobs: 10,483
The number of jobs in the financial advisor field is expected to grow by 29% between now and 2024, according to the Bureau of Labor Statistics.
This means you can expect more opportunities for those looking for a job in finance. In fact, the Bureau of Labor Statistics predicts that over 10,483 new financial advisor positions will open up in the next decade.
Top Paying States: District of Columbia, New York, California, Georgia and Virginia
The states with the most lucrative salary for financial advisors are:
- District of Columbia
- New York
- California
- Georgia and Virginia, respectively. The top paying cities for financial advisors are New York City and San Francisco. The top metro areas for finance jobs are Atlanta, Houston, Dallas/Fort-Worth and Washington D.C., respectively (U.S.).
Education Requirements: Bachelor’s degree in finance or mathematics is required; masters degree and CPA are preferred.
A bachelor’s degree in finance or mathematics is required for this position. A master’s degree and CPA are preferred. If you don’t have a bachelor’s degree in business, consider taking courses at a local community college to gain some experience before heading to a university.
Financial advisors must be licensed to sell financial products in the state where they practice, and they must complete a series of courses and exams that cover topics like ethics, retirement planning, risk management and more.
Becoming a financial advisor and helping people manage their money can be very rewarding professionally and financially.
Becoming a financial advisor and helping people manage their money can be very rewarding professionally and financially. The average salary for financial advisors varies depending on the type of work they do and where they live, but it can be anywhere from $35,000 to $160,000 per year.
Financial advisors help people make better financial decisions by providing them with expert guidance in matters related to investments, insurance policies and retirement planning. They might also help clients establish budgets or plan for college education costs for their children. For example: John is a 36-year-old father of two who wants to invest his savings so he can have some extra money when he retires from his job as an accountant in ten years time. He has no formal training in personal finance management but knows that this is an important part of preparing for retirement so he decides to seek out an experienced financial consultant who will guide him through the process of creating a personal investment portfolio based on his unique situation (i..e., family size; income level; current savings amount).
Conclusion
If you’re thinking about becoming a financial advisor, we hope this salary guide has given you some insight into what to expect. The average salary for a financial advisor is $67,000 annually, but there are many factors that can influence your earning potential. Becoming a financial advisor and helping people manage their money can be very rewarding professionally and financially.
