Financial Adviser

Financial Adviser Job Description

Accountants Analyze financial information and prepare financial reports to determine or maintain record of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization. Personal Financial Advisors Advise clients on financial plans utilizing knowledge of tax and investment strategies, securities, insurance, pension plans, and real estate. Duties include assessing clients’ assets, liabilities, cash flow, insurance coverage, tax status, and financial objectives to establish investment strategies.

Financial Adviser Salary Statistics as of 2015

Average annual salary for a Financial Adviser is $51639 based on statistics in the U.S. as of 2015. The highest salary recorded was $109262. The lowest salary reported was $29361. These figures will vary on a state to state basis as these are averages across all 50 states.

Median hourly wage for a Financial Adviser is $25.68 based on statistics in the U.S. as of 2015. The highest hourly rate recorded was $54.33. The lowest hourly rate recorded was $14.6. These figures will vary on a state to state basis as these are averages across all 50 states.

Bonuses for a Financial Adviser are based on the years of experience using statistics from the U.S. as of 2015. The average bonus recorded was $0 from people with 15+ years of experience. The average bonus recorded was $750 from people with under 1 year of experience.

These are the highest paying states for a Financial Adviser. These numbers are based of the median annual salary as of 2015.
California – $49,525 – $60,335
Illinois – n/a
Kentucky – n/a
Minnesota – n/a
New York – $25,210 – $50,868
Ohio – n/a
Texas – $40,250 – $70,206

These are the highest paying cities for a Financial Adviser. These numbers are based of the median annual salary as of 2015.
New York, New York –
Chicago, Illinois –
Louisville, Kentucky –
Austin, Texas –
Minneapolis, Minnesota –

This chart outlines the average annual salary of a Financial Adviser from the past 5 years. In 2015 the average annual salary was $51639 while in 2007 it was just $47889.1

How To Become a Financial Advisor

Getting a job as a financial adviser is not easy. There are so many economics and finance majors who want such jobs, so there will be tremendous competition. You should have a good resume, with an excellent college GPA. This will prove your credentials and get you an interview at a good company. From there, it is up to you to impress those who you want to work for. Show them your aptitude for the job, your personality, and your willingness to work as hard as they want you to. This will endear you to potential employers and improve your chances of getting the job.

Job Outlook

At the end of the day, working as a financial adviser will not be easy. In the early years, it is a lot of boring work. Later on, you will have to make important decisions on which the company’s future will hang. If you think you are up for it and you think this is a job you would be good at, then you should get started right away on building a future for yourself in the field. Work hard, and you will earn a great living as a financial adviser.