Personal Financial Advisors
Wages & Outlook
Typical Wages
Wages listed below are for a variety of experience and education levels. Make sure that you research the typical entry-level education and work experience and training requirements for this occupation.
This is a very high-wage career. It pays well above the statewide median wage.
Wages for Personal Financial Advisors *
U S |
$28.90 | $43.44 | $76.35 |
|---|---|---|---|
Minnesota |
$30.44 | $46.85 | >$100 |
Central Minnesota |
$24.18 | $36.78 | $66.17 |
Northeast Minnesota |
$32.68 | $46.54 | $78.89 |
Southeast Minnesota |
$28.40 | $36.04 | $69.02 |
Southwest Minnesota |
$22.78 | $25.82 | $46.24 |
Seven County Mpls-St Paul, MN |
$31.31 | $51.81 | >$100 |
* "Low" indicates 25% of workers earn less and 75% earn more.
"Median" indicates 50% of workers earn less and 50% earn more.
"High" indicates 75% of workers earn less and 25% earn more.
Employment
In Minnesota, there are 4,470 workers employed in this medium-sized career.
Where do Personal Financial Advisors most often work?
- Securities, Commodity Contracts, and Other Financial Investments and Related Activities
- Credit Intermediation and Related Activities
- Insurance Carriers and Related Activities
- Management of Companies and Enterprises
- Professional, Scientific, and Technical Services
Current Demand
This career is currently in high demand.
Future Demand
This career is high growth compared to other careers.
There will be a need for about 4,711 new Personal Financial Advisors to meet market demand between 2020-2030. This includes the demand due to replacement (workers leaving the occupation or retiring) as well as growth.
| U S | 271,700 | 290,800 | 19,100 | 7% |
|---|---|---|---|---|
| Minnesota | 6,006 | 6,300 | 294 | 4.9% |
| Central Minnesota | 321 | 371 | 50 | 15.6% |
| Northeast Minnesota | 161 | 156 | -5 | -3.1% |
| Northwest Minnesota | 253 | 307 | 54 | 21.3% |
| Southeast Minnesota | 375 | 425 | 50 | 13.3% |
| Seven County Mpls-St Paul, MN | 3,779 | 4,167 | 388 | 10.3% |
Source: You can learn about our data sources in the About Us section.