Training Requirements for Personal Financial Advisors

Personal financial advisors need a bachelor's degree and long-term on-the-job training.

Degrees for Personal financial advisors
Percent
Less than High School 0.4
High School 4.0
Some College 10.6
Associates Degree 4.8
Bachelors Degree 53.4
Masters Degree 21.0
Doctorate or Professional Degree 5.7

Employment Outlook for Personal Financial Advisors

This represents about 249,000 people in the United States.

Over the next 10 years there will be aproximately 73,000 more personal financial advisors but, because of expected growth and replacement needs in the United States, we will need 136,000 more.

Typical Income for Personal Financial Advisors

Hourly Income

On average,personal financial advisors make $59.18 per hour.

Bottom 10% Bottom 25% Median Top 75% Top 90%
Personal financial advisors $19.79 $27.63 $43.53 $77.16 $high
Business and financial operations occupations $17.74 $23.78 $31.99 $43.47 $58.13
Financial specialists $18.61 $24.76 $33.07 $45.64 $63.36
Financial analysts and advisors $21.49 $28.27 $38.91 $57.59 $94.91
National Average $9.27 $11.60 $17.81 $28.92 $45.45

Annual Salaries

On average, personal financial advisors make $123,100 per year.

Bottom 10% Bottom 25% Median Top 75% Top 90%
Personal financial advisors $41,160 $57,460 $90,530 $160,490 $high
Business and financial operations occupations $36,910 $49,460 $66,530 $90,410 $120,910
Financial specialists $38,700 $51,510 $68,780 $94,940 $131,800
Financial analysts and advisors $44,690 $58,800 $80,940 $119,780 $197,410
National Average $19,290 $24,140 $37,040 $60,150 $94,540

This data is from the U.S. Bureau of Labor Statistics, Occupational Employment Statistics

Similar Occupations

Is This Your Career?

Can we ask you a couple questions about personal financial advisors?

Tell us a little about this career