How much does a financial advisor make?
a year · about $51 an hour
A typical financial advisor in the United States makes $105,070 a year, about $51 an hour, about 2.1× a typical US worker (median, May 2025, US Bureau of Labor Statistics).
What do they do?
They meet clients, ask about goals and finances, then use a computer to build a plan for saving, investing, or retirement. They explain choices, check accounts and markets, and follow up—sometimes at evening or weekend meetings.
Did you know? Some U.S. financial advisors teach evening money seminars or attend networking events to find new clients—so their job includes bringing in business, not just managing money.
Is that a lot?
Compared with jobs you knowIf 100 people had this job
Most earn between $50,190 and $357,020How do you become one?
U.S. advisors usually earn a bachelor’s degree, often studying business, social science, or math, then train with a senior advisor for over a year. Some need state licenses and exams; CFP certification adds coursework, a test, and experience.
School needed: Usually a bachelor's degree
Good for people who like leading and selling and keeping things organized
Why does pay differ?
In the U.S., pay often grows with experience, CFP certification, and senior responsibilities; it also differs by firm type or size, location, and the services or client assets managed. Some advisors get a salary and bonuses, while others charge fees or earn commissions, so their pay also depends on how they are paid.
Where does it pay most?
Highest in New York ($166,400), lowest in North Dakota ($76,870).
See every state
Top 5 and bottom 3 states, typical (median) yearly pay.
Jobs like this
Data table and sources
| Lower earner (10th from bottom) | Typical person (median) | Higher earner (10th from top) | People in this job |
|---|---|---|---|
| $50,190 | $105,070 | $357,020 | about 267,000 |
| State | Typical person (median) | People in this job |
|---|---|---|
| New York | $166,400 | about 22,000 |
| New Jersey | $158,570 | about 9,000 |
| California | $130,330 | about 32,000 |
| Oregon | $122,830 | about 3,000 |
| Illinois | $120,130 | about 10,000 |
Official definition: Advise clients on financial plans using 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. May also buy and sell financial assets for clients. Excludes “Securities, Commodities, and Financial Services Sales Agents” (41-3031).
Source: US Bureau of Labor Statistics, OEWS May 2025 (bls.gov); descriptions and related jobs from O*NET 31.0. Figures as of May 2025, full-time yearly pay (hourly × 2,080 hours). bls.gov/oes · O*NET OnLine
Pages used for the text
- www.bls.gov/ooh/business-and-financial/print/personal-financial-advisors.htm
- www.onetonline.org/link/summary/13-2052.00
- www.nasaa.org/exams/
- www.cfp.net/certification-process
- www.cfp.net/-/media/files/cfp-board/career-and-growth/2025-cfp-compensation-stud
Data: US BLS OEWS, May 2025 · 1 USD = 150 JPY