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 |
$30.38 | $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.
Employment
In Minnesota, there are 6,740 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.