Occupational Employment and Wages, May 2012

13-2052 Personal Financial Advisors

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.


National estimates for this occupation
Industry profile for this occupation
Geographic profile for this occupation

National estimates for this occupation: Top

Employment estimate and mean wage estimates for this occupation:

Employment (1) Employment
RSE (3)
Mean hourly
wage
Mean annual
wage (2)
Wage RSE (3)
175,470 1.7 % $43.66 $90,820 1.3 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $15.52 $21.22 $32.46 $53.58 (5)
Annual Wage (2) $32,280 $44,140 $67,520 $111,450 (5)


Industry profile for this occupation: Top

Industries with the highest published employment and wages for this occupation are provided. For a list of all industries with employment in this occupation, see the Create Customized Tables function.

Industries with the highest levels of employment in this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Other Financial Investment Activities 60,480 16.99 $53.30 $110,860
Securities and Commodity Contracts Intermediation and Brokerage 42,830 9.45 $46.50 $96,720
Depository Credit Intermediation 36,440 2.11 $31.16 $64,810
Nondepository Credit Intermediation 7,160 1.27 $28.43 $59,130
Management of Companies and Enterprises 4,800 0.24 $36.66 $76,260

Industries with the highest concentration of employment in this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Other Financial Investment Activities 60,480 16.99 $53.30 $110,860
Securities and Commodity Contracts Intermediation and Brokerage 42,830 9.45 $46.50 $96,720
Other Investment Pools and Funds 2,190 5.42 $49.12 $102,170
Depository Credit Intermediation 36,440 2.11 $31.16 $64,810
Insurance and Employee Benefit Funds 830 1.86 $38.08 $79,200

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Other Financial Investment Activities 60,480 16.99 $53.30 $110,860
Computer Systems Design and Related Services (8) (8) $51.79 $107,730
Management, Scientific, and Technical Consulting Services 2,400 0.22 $50.57 $105,180
Accounting, Tax Preparation, Bookkeeping, and Payroll Services 2,480 0.29 $49.14 $102,220
Other Investment Pools and Funds 2,190 5.42 $49.12 $102,170


Geographic profile for this occupation: Top

States and areas with the highest published employment, location quotients, and wages for this occupation are provided. For a list of all areas with employment in this occupation, see the Create Customized Tables function.





States with the highest employment level in this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York 23,710 2.78 2.06 $59.25 $123,250
California 22,390 1.57 1.16 $44.63 $92,830
Texas 11,720 1.11 0.82 $40.51 $84,260
Florida 11,420 1.57 1.17 $38.86 $80,830
Illinois 9,370 1.66 1.23 $40.22 $83,650




States with the highest concentration of jobs and location quotients in this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York 23,710 2.78 2.06 $59.25 $123,250
Delaware 970 2.40 1.78 $41.25 $85,800
Connecticut 3,580 2.21 1.64 $62.84 $130,710
Massachusetts 6,470 2.02 1.50 $52.88 $109,980
New Hampshire 1,040 1.69 1.26 $36.89 $76,740




Top paying States for this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Connecticut 3,580 2.21 1.64 $62.84 $130,710
New York 23,710 2.78 2.06 $59.25 $123,250
Massachusetts 6,470 2.02 1.50 $52.88 $109,980
Georgia 4,470 1.17 0.87 $50.03 $104,070
District of Columbia 770 1.17 0.87 $47.76 $99,350





Metropolitan areas with the highest employment level in this occupation:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York-White Plains-Wayne, NY-NJ Metropolitan Division 21,100 4.09 3.04 $61.25 $127,400
Chicago-Joliet-Naperville, IL Metropolitan Division 7,890 2.17 1.61 $41.80 $86,950
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 5,750 1.48 1.10 $39.49 $82,130
Boston-Cambridge-Quincy, MA NECTA Division 5,660 3.31 2.46 $54.02 $112,350
San Francisco-San Mateo-Redwood City, CA Metropolitan Division 4,300 4.30 3.19 $60.02 $124,830
Atlanta-Sandy Springs-Marietta, GA 3,700 1.63 1.21 $52.51 $109,220
Santa Ana-Anaheim-Irvine, CA Metropolitan Division 3,500 2.48 1.84 $41.87 $87,090
Dallas-Plano-Irving, TX Metropolitan Division 3,230 1.54 1.14 $47.59 $99,000
Phoenix-Mesa-Glendale, AZ 3,160 1.82 1.35 $34.35 $71,460
Philadelphia, PA Metropolitan Division 3,020 1.66 1.23 $50.37 $104,760




Metropolitan areas with the highest concentration of jobs and location quotients in this occupation:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Nashua, NH-MA NECTA Division 690 5.30 3.94 $32.44 $67,480
San Francisco-San Mateo-Redwood City, CA Metropolitan Division 4,300 4.30 3.19 $60.02 $124,830
New York-White Plains-Wayne, NY-NJ Metropolitan Division 21,100 4.09 3.04 $61.25 $127,400
Boston-Cambridge-Quincy, MA NECTA Division 5,660 3.31 2.46 $54.02 $112,350
West Palm Beach-Boca Raton-Boynton Beach, FL Metropolitan Division 1,640 3.22 2.39 $46.84 $97,430
Wilmington, DE-MD-NJ Metropolitan Division 900 2.78 2.06 $41.18 $85,650
Trenton-Ewing, NJ 600 2.76 2.05 $47.02 $97,800
Charlotte-Gastonia-Rock Hill, NC-SC 2,190 2.56 1.90 $34.72 $72,210
Santa Ana-Anaheim-Irvine, CA Metropolitan Division 3,500 2.48 1.84 $41.87 $87,090
Naples-Marco Island, FL 270 2.35 1.75 $51.09 $106,270