The average salary for a financial advisor in Massachusetts is around $121,960 per year.
Avg Salary
Financial advisors earn an average yearly salary of $121,960.
Wages typically start from $50,350.
87% above national average Updated in 2021
Financial advisor earnings by seniority
75th percentile
Senior-level financial advisor earnings begin at:
$84.71 per hour
$176,200 per year
50th percentile
Mid-level financial advisor earnings begin at:
$58.63 per hour
$121,960 per year
25th percentile
Junior-level financial advisor earnings begin at:
$38.01 per hour
$79,060 per year
10th percentile
Starting level financial advisor earnings begin at:
$24.21 per hour
$50,350 per year
Approximate values based on highest and lowest earning segments.
Financial advisor salary by state
| State Name | Average Salary |
|---|---|
| Wisconsin | $99,540 |
| Rhode Island | $99,390 |
| Kentucky | $99,110 |
| Illinois | $98,210 |
| Alabama | $97,080 |
| Maryland | $95,840 |
| Vermont | $94,480 |
| North Carolina | $85,800 |
| New Mexico | $82,440 |
| Arkansas | $81,700 |
| Ohio | $81,570 |
| New Jersey | $81,410 |
| Oregon | $81,410 |
| New Hampshire | $80,950 |
| Louisiana | $80,540 |
| Georgia | $80,400 |
| Kansas | $80,400 |
| Colorado | $80,110 |
| Minnesota | $79,840 |
| Missouri | $79,650 |
| Nebraska | $79,650 |
| Texas | $79,400 |
| Wyoming | $78,950 |
| Iowa | $78,430 |
| Alaska | $77,970 |
| Indiana | $77,880 |
| Michigan | $77,750 |
| Florida | $77,570 |
| Idaho | $77,500 |
| Nevada | $77,300 |
| Oklahoma | $77,300 |
| South Carolina | $76,390 |
| Virgin Islands, U.S. | $76,130 |
| Tennessee | $75,530 |
| Arizona | $64,100 |
| Utah | $63,240 |
| West Virginia | $62,610 |
| North Dakota | $62,380 |
| Hawaii | $61,690 |
| Mississippi | $48,550 |
| Puerto Rico | $36,820 |
| New York | $131,520 |
| District of Columbia | $127,930 |
| South Dakota | $125,100 |
| Maine | $124,410 |
| Massachusetts | $121,960 |
| Washington | $117,350 |
| Delaware | $106,510 |
| Connecticut | $103,360 |
| Montana | $103,010 |
| Virginia | $100,680 |
| Pennsylvania | $100,410 |
| California | $100,260 |
How do financial advisor salaries compare to similar careers?
Financial advisors earn about the same as related careers in Massachusetts. On average, they make less than bank managers but more than statisticians.
| Career | Median Salary |
|---|---|
| Bank manager salary | $152K |
| Financial manager salary | $152K |
| Investment fund manager salary | $140K |
| Financial advisor salary | $122K |
| Actuary salary | $127K |
| Economist salary | $133K |
| Business analyst salary | $104K |
| Statistician salary | $103K |
Source: CareerExplorer (Aggregated)