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Personal Financial Advisors

Wages & Outlook

 

Typical Wages   This career pays well above the median wage.

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 career: $41.89
Statewide median: $24.25

 

This is a very high-wage career. It pays well above the statewide median wage.


Wages for Personal Financial Advisors *

Area Low Median High
U S
$30.38 $46.77 $81.19
Minnesota
$31.91 $41.89 $80.05
Central Minnesota
$31.68 $40.35 $76.51
Northeast Minnesota
$27.79 $38.25 $71.45
Northwest Minnesota
$30.21 $36.19 $71.86
Southeast Minnesota
$30.06 $44.13 $74.25
Southwest Minnesota
$29.49 $37.58 $69.00
Seven County Mpls-St Paul, MN
$31.97 $44.10 $80.43

* "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.

See more wage detail.

 

Employment

In Minnesota, there are 6,740 workers employed in this medium-sized career.

Where do Personal Financial Advisors most often work?

 

Current Demand

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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.

 

Employment Outlook for Personal Financial Advisors
Area Employment Employment Change
2020 2030 Number Percent
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.




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