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 |
$30.95 | $47.62 | $80.36 |
|---|---|---|---|
Minnesota |
$31.09 | $40.37 | $76.86 |
Central Minnesota |
$30.07 | $39.09 | $77.45 |
Northeast Minnesota |
$28.49 | $37.33 | $65.67 |
Northwest Minnesota |
$30.74 | $37.05 | >$100 |
Southeast Minnesota |
$31.10 | $39.78 | $83.76 |
Southwest Minnesota |
$24.86 | $35.39 | $65.67 |
Seven County Mpls-St Paul, MN |
$31.23 | $40.69 | $77.45 |
* "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 6,310 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 | 275,200 | 287,800 | 12,600 | 4.6% |
|---|---|---|---|---|
| Minnesota | 6,006 | 6,300 | 294 | 4.9% |
| Central Minnesota | 379 | 370 | -9 | -2.4% |
| Northeast Minnesota | 192 | 192 | 0 | 0% |
| Northwest Minnesota | 248 | 237 | -11 | -4.4% |
| Southeast Minnesota | 470 | 465 | -5 | -1.1% |
| Southwest Minnesota | 214 | 205 | -9 | -4.2% |
| Seven County Mpls-St Paul, MN | 4,376 | 4,661 | 285 | 6.5% |
Source: You can learn about our data sources in the About Us section.