The average salary for a financial advisor in Michigan is around $77,750 per year.
Avg Salary
Financial advisors earn an average yearly salary of $77,750.
Wages typically start from $46,160.
66% above national average Updated in 2021
Financial advisor earnings by seniority
75th percentile
Senior-level financial advisor earnings begin at:
$63.57 per hour
$132,230 per year
50th percentile
Mid-level financial advisor earnings begin at:
$37.38 per hour
$77,750 per year
25th percentile
Junior-level financial advisor earnings begin at:
$24.74 per hour
$51,470 per year
10th percentile
Starting level financial advisor earnings begin at:
$22.19 per hour
$46,160 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 Michigan. On average, they make less than bank managers but more than actuaries.
| Career | Median Salary |
|---|---|
| Bank manager salary | $126K |
| Treasurer salary | $126K |
| Economist salary | $96K |
| Investment fund manager salary | $101K |
| Financial advisor salary | $78K |
| Statistician salary | $80K |
| Loan officer salary | $77K |
| Business analyst salary | $80K |
| Actuary salary | $80K |
Source: CareerExplorer (Aggregated)