Personal Financial Advisors
Personal Financial Advisors earn an average annual salary of $173,641, making it one of the higher-paying occupations. The field has seen strong growth, with employment increasing by 6.1% over recent years. Professionals in this field are primarily employed in industries such as Securities, Commodity Contracts, and Other Financial Investments and Related Activities and Cross-industry.
Key Statistics
Employment
Employment and salary information for the Personal Financial Advisors workforce.
Employment Over Time
34,070 Workforce in 2023
The Personal Financial Advisors workforce has been growing over time.
Historical employment trends for Personal Financial Advisors.
Yearly Wage Ranking
$173,641 Average Wage
In 2023, Personal Financial Advisors earned an average of $173,641.
Wage ranking compared to other occupations.
Wage Distribution
This chart shows the distribution of average salaries by income buckets for Personal Financial Advisors.
Salary distribution for Personal Financial Advisors.
Employment Growth Projections
3.7% Compound Annual Growth Rate (CAGR)
156,115 Projected Employment (5 years)
Projected growth: 20.0%
187,333 Projected Employment (10 years)
Projected growth: 44.0%
This occupation is projected to grow at 3.7% annually, indicating strong future demand.
Historical employment trends and future projections for Personal Financial Advisors.
Industry
Information on the industries that employ Personal Financial Advisors and on wages for those in the field.
Occupations by Industries
This graphic shows the share of Personal Financial Advisors employed by various industries.
Industry distribution for Personal Financial Advisors.
Wage Trends by Industry
22.3% Average Annual Wage Growth Rate
Historical wage growth trends by industry for Personal Financial Advisors.
Geographic Distribution
Employment and wage information by geographic location for Personal Financial Advisors.
Metropolitan employment on this page is from the California OEWS extract. Area names omit state codes; all listed metros are in California, so the state chart shows California totals (not a multi-state ranking).
Top States by Employment
Top States by Employment:
- CA: 30,540 employees, $174,248 avg wage
Top 10 states by employment for Personal Financial Advisors.
Top Metropolitan Areas
Top Metropolitan Areas:
- Los Angeles-Long Beach-Glendale MD: 8,540 employees, $156,805 avg wage
- San Francisco-San Mateo-Redwood City MD: 6,480 employees, $219,194 avg wage
- Anaheim-Santa Ana-Irvine MD: 3,710 employees, $161,230 avg wage
- San Diego-Chula Vista-Carlsbad MSA: 2,810 employees, $179,406 avg wage
- San Jose-Sunnyvale-Santa Clara MSA: 1,940 employees, $178,214 avg wage
- Oakland-Fremont-Berkeley MD: 1,790 employees, $179,405 avg wage
- Sacramento-Roseville-Folsom MSA: 1,420 employees, $149,664 avg wage
- Riverside-San Bernardino-Ontario MSA: 1,100 employees, $140,009 avg wage
- San Rafael MD: 560 employees, $181,058 avg wage
- Oxnard-Thousand Oaks-Ventura MSA: 410 employees, $160,064 avg wage
Top 10 metropolitan statistical areas by employment for Personal Financial Advisors.
Diversity
Demographic information on Personal Financial Advisors in the US.
Gender and Age
The workforce of Personal Financial Advisors in 2023 was 34,070 people, with 62.0% women and 38.0% men.
Gender and age distribution for Personal Financial Advisors.
Races
Racial and ethnic shares when present in the career dataset. If the chart area shows a notice instead, occupational race/ethnicity fields are not yet populated for this extract.
Race and ethnicity distribution for Personal Financial Advisors.
Education & Skills
Data on higher education choices and required skills for Personal Financial Advisors.
Majors
The most common majors achieved by Personal Financial Advisors in 2023 were Finance, Business, Economics.
Common majors for Personal Financial Advisors.
Education Levels
The main educational levels achieved by Personal Financial Advisors workers.
Education level distribution for Personal Financial Advisors.
Skills
Personal Financial Advisors need many skills, but most especially Writing, Speaking, Reading Comprehension, Active Listening, Critical Thinking.
Required skills for Personal Financial Advisors.
Knowledge & Abilities
Knowledge areas and abilities required for Personal Financial Advisors.
Knowledge Areas
The most important knowledge areas for Personal Financial Advisors include Customer and Personal Service, Economics and Accounting, English Language, Mathematics, Psychology.
Knowledge areas required for Personal Financial Advisors.
Abilities
Key abilities needed for Personal Financial Advisors include Written Expression, Written Comprehension, Speech Clarity, Oral Expression, Oral Comprehension.
Required abilities for Personal Financial Advisors.
Work Activities
Common work activities performed by Personal Financial Advisors.
Daily Activities
Personal Financial Advisors spend their time on activities such as Getting Information, Establishing and Maintaining Interpersonal Relationships, Updating and Using Relevant Knowledge, Making Decisions and Solving Problems, Communicating with People Outside the Organization.
Most important work activities for Personal Financial Advisors.
About
Personal Financial Advisors
The average yearly wage for Personal Financial Advisors was $173,641 in 2023.
SOC Code
13-2052 - Personal Financial Advisors
Insights and Analysis
High earnings profile: Personal Financial Advisors reports an average salary of $173,641, placing it among stronger-paying occupations.
Labor market presence: The current workforce is approximately 34,070 workers, indicating sustained demand.
Forward outlook: Projected annual growth is 3.7%, which should inform long-term career planning.
Data Sources
This page uses data from the following sources:
- College Scorecard - U.S. Department of Education
- Institutional characteristics, costs, completion rates, and earnings data
- Data years: 2015-2024
- Source: collegescorecard.ed.gov
- Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS)
- Employment and wage data by occupation
- Latest data: May 2024
- Source: bls.gov/oes
- O*NET Online - U.S. Department of Labor
- Occupational skills, knowledge, abilities, and work activities
- Database version: 28.0 (August 2023)
- Source: onetcenter.org
- IPEDS (Integrated Postsecondary Education Data System) - National Center for Education Statistics
- Institutional data, completions, enrollment, and financial aid
- Data years: 2015-2024
- Source: nces.ed.gov/ipeds
- Census Bureau American Community Survey (ACS)
- Demographic and workforce data
- Latest data: 2023 ACS 5-Year Estimates
- Source: census.gov/acs
Data Processing: All data has been processed, cleaned, and aggregated for presentation. Where specific data points are unavailable, estimates are based on available data and clearly marked.
Last Updated: Data reflects the most recent available information as of January 2025.
Methodology
Data for this profile is sourced from the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS), Census Bureau American Community Survey (ACS), and O*NET Online.
All wage figures represent annual averages and may vary by location, industry, and experience level.