What Is the Average Salary for a Financial Advisor?


Quick Answer

The average salary for a financial advisor is $90,200. This can increase depending on experience, location and specialization, and earnings can rise up to $187,199 per year.

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Full Answer

As of 2014, the Bureau of Labor Statistics reports the median salary for financial advisors at $81,060. The lowest paid financial advisor position earns under $33,190, and the highest paid makes more than $187,199.

Financial investment and securities, commodity contracts intermediation and brokerage are the top-paid areas in the sector with an average salary of $119,320. In addition, many financial advisors receive commissions and bonuses on top of their base wage.

The industry is expected to grow by 27 percent by 2022 compared to the national average growth of 11 percent across all industries.

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