Occupational Employment and Wages, May 2010

13-2052 Personal Financial Advisors

Advise clients on financial plans using knowledge of tax and investment strategies, securities, insurance, pension plans, and real estate. Duties include assessing clients' assets, liabilities, cash flow, insurance coverage, tax status, and financial objectives.


National estimates for this occupation
Industry profile for this occupation
Geographic profile for this occupation

National estimates for this occupation: Top

Employment estimate and mean wage estimates for this occupation:

Employment (1) Employment
RSE (3)
Mean hourly
wage
Mean annual
wage (2)
Wage RSE (3)
155,360 1.6 % $43.85 $91,220 1.5 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $15.70 $20.24 $31.13 $53.84 (5)
Annual Wage (2) $32,660 $42,100 $64,750 $111,990 (5)


Industry profile for this occupation: Top

Industries with the highest published employment and wages for this occupation are provided. For a list of all industries with employment in this occupation, see the Create Customized Tables function.

Industries with the highest levels of employment in this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Other Financial Investment Activities 53,820 16.15 $51.69 $107,520
Securities and Commodity Contracts Intermediation and Brokerage 38,190 8.34 $50.91 $105,890
Agencies, Brokerages, and Other Insurance Related Activities 3,530 0.41 $43.82 $91,140
Nondepository Credit Intermediation 3,290 0.58 $36.95 $76,850
Management of Companies and Enterprises 3,150 0.17 $37.89 $78,810

Industries with the highest concentration of employment in this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Other Financial Investment Activities 53,820 16.15 $51.69 $107,520
Securities and Commodity Contracts Intermediation and Brokerage 38,190 8.34 $50.91 $105,890
Other Investment Pools and Funds 1,910 4.99 $44.73 $93,040
Insurance and Employee Benefit Funds 870 2.00 $42.53 $88,460
Nondepository Credit Intermediation 3,290 0.58 $36.95 $76,850

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Other Financial Investment Activities 53,820 16.15 $51.69 $107,520
Accounting, Tax Preparation, Bookkeeping, and Payroll Services 2,390 0.28 $51.57 $107,270
Securities and Commodity Contracts Intermediation and Brokerage 38,190 8.34 $50.91 $105,890
Lessors of Real Estate 70 0.01 $48.63 $101,150
Management, Scientific, and Technical Consulting Services 2,990 0.30 $45.18 $93,970


Geographic profile for this occupation: Top

States and areas with the highest published employment, location quotients, and wages for this occupation are provided. For a list of all areas with employment in this occupation, see the Create Customized Tables function.

States with the highest employment level in this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York 23,500 2.82 2.30 $65.53 $136,310
California 21,890 1.56 1.28 $43.16 $89,770
Texas 12,180 1.21 0.99 $37.65 $78,320
Florida 11,430 1.61 1.32 $32.81 $68,240
Illinois 6,860 1.24 1.02 $38.69 $80,470




States with the highest concentration of jobs and location quotients in this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York 23,500 2.82 2.30 $65.53 $136,310
Connecticut 3,210 2.01 1.64 $57.58 $119,770
Delaware 780 1.97 1.61 $39.87 $82,930
Massachusetts 5,490 1.76 1.44 $56.92 $118,400
Utah 1,890 1.65 1.35 $32.43 $67,460




Top paying States for this occupation:

State Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York 23,500 2.82 2.30 $65.53 $136,310
Connecticut 3,210 2.01 1.64 $57.58 $119,770
Massachusetts 5,490 1.76 1.44 $56.92 $118,400
New Jersey 3,140 0.83 0.68 $47.87 $99,560
Pennsylvania 6,070 1.11 0.91 $47.50 $98,800

Metropolitan areas with the highest employment level in this occupation:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
New York-White Plains-Wayne, NY-NJ Metropolitan Division 19,810 3.98 3.25 $68.27 $142,000
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 5,990 1.57 1.28 $35.04 $72,870
Chicago-Naperville-Joliet, IL Metropolitan Division 5,670 1.60 1.31 $38.96 $81,030
Boston-Cambridge-Quincy, MA NECTA Division 4,700 2.84 2.32 $57.99 $120,620
San Francisco-San Mateo-Redwood City, CA Metropolitan Division 4,050 4.27 3.49 $72.82 $151,470
Dallas-Plano-Irving, TX Metropolitan Division 3,320 1.66 1.36 $43.63 $90,750
Atlanta-Sandy Springs-Marietta, GA 3,180 1.45 1.18 $48.01 $99,870
Houston-Sugar Land-Baytown, TX 3,120 1.25 1.02 $35.91 $74,700
Philadelphia, PA Metropolitan Division 2,660 1.47 1.20 $55.63 $115,720
Santa Ana-Anaheim-Irvine, CA Metropolitan Division 2,550 1.85 1.52 $41.12 $85,540




Metropolitan areas with the highest concentration of jobs and location quotients in this occupation:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Bridgeport-Stamford-Norwalk, CT 2,100 5.18 4.24 $63.16 $131,360
Nashua, NH-MA NECTA Division 580 4.49 3.67 $30.93 $64,330
San Francisco-San Mateo-Redwood City, CA Metropolitan Division 4,050 4.27 3.49 $72.82 $151,470
West Palm Beach-Boca Raton-Boynton Beach, FL Metropolitan Division 2,010 4.04 3.31 $43.74 $90,970
New York-White Plains-Wayne, NY-NJ Metropolitan Division 19,810 3.98 3.25 $68.27 $142,000
Boston-Cambridge-Quincy, MA NECTA Division 4,700 2.84 2.32 $57.99 $120,620
Naples-Marco Island, FL 300 2.75 2.25 $42.60 $88,610
Sebastian-Vero Beach, FL 110 2.59 2.12 $41.48 $86,280
Salt Lake City, UT 1,500 2.53 2.07 $34.37 $71,480
Sacramento--Arden-Arcade--Roseville, CA 2,040 2.48 2.03 $31.10 $64,690




Top paying metropolitan areas for this occupation:

Metropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
San Francisco-San Mateo-Redwood City, CA Metropolitan Division 4,050 4.27 3.49 $72.82 $151,470
New York-White Plains-Wayne, NY-NJ Metropolitan Division 19,810 3.98 3.25 $68.27 $142,000
Utica-Rome, NY 60 0.47 0.38 $67.39 $140,180
Worcester, MA-CT 240 0.99 0.81 $65.80 $136,860
Lancaster, PA 220 1.01 0.83 $64.54 $134,230
Bridgeport-Stamford-Norwalk, CT 2,100 5.18 4.24 $63.16 $131,360
Fayetteville-Springdale-Rogers, AR-MO 140 0.75 0.61 $61.29 $127,480
Charlottesville, VA 120 1.34 1.10 $61.14 $127,170
Montgomery, AL 130 0.83 0.68 $58.00 $120,640
Boston-Cambridge-Quincy, MA NECTA Division 4,700 2.84 2.32 $57.99 $120,620

Nonmetropolitan areas with the highest employment in this occupation:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Kansas nonmetropolitan area 210 0.55 0.45 $30.97 $64,430
Central Texas nonmetropolitan area 140 1.02 0.84 $20.61 $42,870
South Central Wisconsin nonmetropolitan area 140 1.03 0.84 $20.86 $43,400
Other Ohio nonmetropolitan area 130 0.52 0.43 (8) (8)
Northwestern Texas nonmetropolitan area 130 0.54 0.44 $22.24 $46,250

Nonmetropolitan areas with the highest concentration of jobs and location quotients in this occupation:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Far Western North Dakota nonmetropolitan area 60 1.61 1.32 $26.07 $54,220
Southwestern Wyoming nonmetropolitan area 80 1.36 1.11 $38.22 $79,490
Upper Eastern Shore nonmetropolitan area 70 1.11 0.91 $34.66 $72,100
Southwestern Washington nonmetropolitan area 70 1.05 0.86 (8) (8)
North Central Colorado nonmetropolitan area 80 1.04 0.85 $32.27 $67,130

Top paying nonmetropolitan areas for this occupation:

Nonmetropolitan area Employment (1) Employment per thousand jobs Location quotient (9) Hourly mean wage Annual mean wage (2)
Southwest Alabama nonmetropolitan area 60 0.45 0.37 $67.67 $140,760
West Kentucky nonmetropolitan area 80 0.52 0.43 $57.59 $119,780
Northwestern Virginia nonmetropolitan area 60 0.53 0.44 $52.67 $109,550
Southeast Missouri nonmetropolitan area 50 0.30 0.25 $47.64 $99,100
Northeastern Nebraska nonmetropolitan area 30 0.37 0.31 $46.92 $97,580


About May 2010 National, State, Metropolitan, and Nonmetropolitan Area Occupational Employment and Wage Estimates

These estimates are calculated with data collected from employers in all industry sectors, all metropolitan and nonmetropolitan areas, and all states and the District of Columbia. The top employment and wage figures are provided above. The complete list is available in the downloadable XLS files.

The percentile wage estimate is the value of a wage below which a certain percent of workers fall. The median wage is the 50th percentile wage estimate--50 percent of workers earn less than the median and 50 percent of workers earn more than the median. More about percentile wages.


(1) Estimates for detailed occupations do not sum to the totals because the totals include occupations not shown separately. Estimates do not include self-employed workers.

(2) Annual wages have been calculated by multiplying the hourly mean wage by a "year-round, full-time" hours figure of 2,080 hours; for those occupations where there is not an hourly mean wage published, the annual wage has been directly calculated from the reported survey data.

(3) The relative standard error (RSE) is a measure of the reliability of a survey statistic. The smaller the relative standard error, the more precise the estimate.

(5) This wage is equal to or greater than $80.00 per hour or $166,400 per year.

(8) Estimate not released.

(9) The location quotient is the ratio of the area concentration of occupational employment to the national average concentration. A location quotient greater than one indicates the occupation has a higher share of employment than average, and a location quotient less than one indicates the occupation is less prevalent in the area than average.


Other OES estimates and related information:

May 2010 National Occupational Employment and Wage Estimates

May 2010 State Occupational Employment and Wage Estimates

May 2010 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2010 National Industry-Specific Occupational Employment and Wage Estimates

List of Occupations in SOC Code Number Order

List of Occupations in Alphabetical Order

Download May 2010 Occupational Employment and Wage Estimates in Zipped XLS files

Technical Notes

 

Last Modified Date: May 17, 2011