The average salary for a financial advisor in Minnesota is around $79,840 per year.
Avg Salary
Financial advisors earn an average yearly salary of $79,840.
Wages typically start from $47,370.
69% above national average Updated in 2021
Financial advisor earnings by seniority
75th percentile
Senior-level financial advisor earnings begin at:
$73.06 per hour
$151,970 per year
50th percentile
Mid-level financial advisor earnings begin at:
$38.38 per hour
$79,840 per year
25th percentile
Junior-level financial advisor earnings begin at:
$29.55 per hour
$61,470 per year
10th percentile
Starting level financial advisor earnings begin at:
$22.78 per hour
$47,370 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 Minnesota. On average, they make less than financial managers but more than stock traders.
| Career | Median Salary |
|---|---|
| Financial manager salary | $127K |
| Treasurer salary | $127K |
| Investment fund manager salary | $122K |
| Actuary salary | $110K |
| Financial advisor salary | $80K |
| Economist salary | $100K |
| Business analyst salary | $96K |
| Securities and commodities broker salary | $78K |
| Stock trader salary | $78K |
Source: CareerExplorer (Aggregated)