How Much Do Entry Level Financial Advisors Make?

How much do financial advisors make in their first year?

The average pay for a Financial Advisor is $16.97 per hour.

The average pay for a Financial Advisor is $50,252 per year.

Is Financial Advisor your job title?

How much do financial advisors make starting out?

According to the U.S. Bureau of Labor Statistics, the average salary of a Financial Advisor was $90,530 annually, as of May 2016. The lowest-paid 10 percent of Financial Advisors earn less than $41,160 per year, and the highest-paid 10 percent earn more than $208,000.

Do financial advisors have a base salary?

In 2017, the median annual salary for financial advisors was $90,530, while the highest-paid earned more than $200,000. Many banks and brokerage firms compensate employees with a base salary, then add bonuses for bringing in new client accounts or selling certain products over others.

Do financial advisors make a lot of money?

Financial advisors have a median annual salary of nearly $89,000, and the highest-paid ones can make over $200,000. It pays to know how to handle money – literally. If you’re good enough to help manage the financial situation of others, you just may be able to fetch an impressive salary for yourself.