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Occupational Employment and Wages, May 2016
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) |
201,850 |
1.4 % |
$59.18 |
$123,100 |
1.0 % |
Percentile wage estimates for this occupation:
Percentile |
10% |
25% |
50% (Median) |
75% |
90% |
Hourly Wage |
$19.79 |
$27.63 |
$43.53 |
$77.16 |
(5) |
Annual Wage (2) |
$41,160 |
$57,460 |
$90,530 |
$160,490 |
(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 |
78,210 |
17.11 |
$61.32 |
$127,540 |
Securities and Commodity Contracts Intermediation and Brokerage |
59,670 |
13.33 |
$66.93 |
$139,210 |
Depository Credit Intermediation |
30,900 |
1.84 |
$48.15 |
$100,140 |
Management of Companies and Enterprises |
7,900 |
0.34 |
$55.05 |
$114,500 |
Agencies, Brokerages, and Other Insurance Related Activities |
7,160 |
0.65 |
$47.20 |
$98,170 |
Industries with the highest concentration of employment in this occupation:
Top paying industries for this occupation:
Industry |
Employment (1) |
Percent of industry employment |
Hourly mean wage |
Annual mean wage (2) |
Securities and Commodity Exchanges |
80 |
1.73 |
$68.29 |
$142,050 |
Securities and Commodity Contracts Intermediation and Brokerage |
59,670 |
13.33 |
$66.93 |
$139,210 |
Business, Professional, Labor, Political, and Similar Organizations |
60 |
0.01 |
$65.90 |
$137,070 |
Other Professional, Scientific, and Technical Services |
530 |
0.08 |
$63.92 |
$132,960 |
Other Financial Investment Activities |
78,210 |
17.11 |
$61.32 |
$127,540 |
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 |
27,790 |
3.06 |
2.13 |
$74.47 |
$154,900 |
California |
24,580 |
1.54 |
1.07 |
$69.02 |
$143,570 |
Illinois |
12,890 |
2.18 |
1.52 |
$55.82 |
$116,110 |
Texas |
12,660 |
1.08 |
0.75 |
$55.46 |
$115,350 |
Florida |
11,270 |
1.37 |
0.95 |
$59.47 |
$123,690 |
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 |
27,790 |
3.06 |
2.13 |
$74.47 |
$154,900 |
Connecticut |
4,300 |
2.58 |
1.79 |
$64.04 |
$133,210 |
Illinois |
12,890 |
2.18 |
1.52 |
$55.82 |
$116,110 |
Maryland |
5,110 |
1.93 |
1.35 |
$52.38 |
$108,940 |
Massachusetts |
6,520 |
1.88 |
1.31 |
$49.32 |
$102,580 |
Top paying States for this occupation:
State |
Employment (1) |
Employment per thousand jobs |
Location quotient (9) |
Hourly mean wage |
Annual mean wage (2) |
New York |
27,790 |
3.06 |
2.13 |
$74.47 |
$154,900 |
California |
24,580 |
1.54 |
1.07 |
$69.02 |
$143,570 |
Maine |
410 |
0.70 |
0.48 |
$68.37 |
$142,200 |
New Hampshire |
700 |
1.08 |
0.75 |
$66.50 |
$138,320 |
District of Columbia |
500 |
0.71 |
0.49 |
$64.97 |
$135,130 |
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-Jersey City-White Plains, NY-NJ Metropolitan Division |
25,490 |
3.87 |
2.69 |
$76.27 |
$158,650 |
Chicago-Naperville-Arlington Heights, IL Metropolitan Division |
10,650 |
2.93 |
2.04 |
$57.17 |
$118,920 |
Los Angeles-Long Beach-Glendale, CA Metropolitan Division |
6,730 |
1.59 |
1.11 |
$68.11 |
$141,680 |
Boston-Cambridge-Newton, MA NECTA Division |
5,640 |
3.13 |
2.18 |
$47.92 |
$99,670 |
San Francisco-Redwood City-South San Francisco, CA Metropolitan Division |
4,500 |
4.22 |
2.93 |
$77.60 |
$161,410 |
Atlanta-Sandy Springs-Roswell, GA |
4,430 |
1.73 |
1.21 |
$59.75 |
$124,270 |
Houston-The Woodlands-Sugar Land, TX |
3,550 |
1.21 |
0.84 |
$52.67 |
$109,560 |
Anaheim-Santa Ana-Irvine, CA Metropolitan Division |
3,450 |
2.21 |
1.54 |
$59.67 |
$124,120 |
Dallas-Plano-Irving, TX Metropolitan Division |
3,360 |
1.38 |
0.96 |
$64.75 |
$134,670 |
Phoenix-Mesa-Scottsdale, AZ |
3,320 |
1.72 |
1.19 |
$51.33 |
$106,760 |
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