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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: $46.85
Statewide median: $23.00

 

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
$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.

See more wage detail.

 

Employment

In Minnesota, there are 4,470 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
2018 2028 Number Percent
U S 271,700 290,800 19,100 7%
2020 2030 Number Percent
Minnesota 6,006 6,300 294 4.9%
2018 2028 Number Percent
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.




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