Occupational Employment and Wages, May 2011

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)
161,790 1.6 % $43.70 $90,900 1.5 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $15.78 $20.75 $32.01 $53.79 (5)
Annual Wage (2) $32,810 $43,160 $66,580 $111,880 (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 55,820 16.28 $51.74 $107,620
Securities and Commodity Contracts Intermediation and Brokerage 40,660 8.79 $48.28 $100,430
Depository Credit Intermediation 36,520 2.13 $29.25 $60,850
Management of Companies and Enterprises 3,780 0.20 $37.90 $78,830
Insurance Carriers 3,550 0.31 $39.22 $81,580

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 55,820 16.28 $51.74 $107,620
Securities and Commodity Contracts Intermediation and Brokerage 40,660 8.79 $48.28 $100,430
Other Investment Pools and Funds 2,020 5.14 $48.24 $100,340
Insurance and Employee Benefit Funds 940 2.15 $41.34 $85,990
Depository Credit Intermediation 36,520 2.13 $29.25 $60,850

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Other Financial Investment Activities 55,820 16.28 $51.74 $107,620
Management, Scientific, and Technical Consulting Services 2,870 0.27 $51.47 $107,060
Accounting, Tax Preparation, Bookkeeping, and Payroll Services 2,560 0.31 $48.55 $100,990
Securities and Commodity Contracts Intermediation and Brokerage 40,660 8.79 $48.28 $100,430
Other Investment Pools and Funds 2,020 5.14 $48.24 $100,340


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)
California 22,810 1.62 1.29 $42.56 $88,520
New York 21,700 2.57 2.04 $64.14 $133,410
Texas 11,870 1.15 0.91 $35.78 $74,420
Florida 11,500 1.61 1.27 $38.85 $80,800
Illinois 8,910 1.60 1.27 $39.54 $82,240




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 21,700 2.57 2.04 $64.14 $133,410
Delaware 1,000 2.47 1.96 $39.68 $82,530
Connecticut 3,820 2.37 1.88 $63.89 $132,890
Colorado 3,920 1.80 1.43 $35.91 $74,690
Massachusetts 5,490 1.74 1.38 $55.62 $115,680




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 21,700 2.57 2.04 $64.14 $133,410
Connecticut 3,820 2.37 1.88 $63.89 $132,890
Massachusetts 5,490 1.74 1.38 $55.62 $115,680
District of Columbia 490 0.76 0.60 $54.79 $113,960
Tennessee 1,050 0.40 0.32 $53.55 $111,390





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 19,160 3.79 3.00 $65.39 $136,000
Chicago-Joliet-Naperville, IL Metropolitan Division 7,710 2.15 1.71 $40.11 $83,430
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 5,900 1.54 1.22 $36.82 $76,590
Boston-Cambridge-Quincy, MA NECTA Division 4,750 2.83 2.25 $56.25 $117,000
San Francisco-San Mateo-Redwood City, CA Metropolitan Division 4,180 4.36 3.45 $62.54 $130,070
Atlanta-Sandy Springs-Marietta, GA 3,100 1.39 1.10 $48.13 $100,110
Dallas-Plano-Irving, TX Metropolitan Division 3,100 1.51 1.20 $42.18 $87,730
Santa Ana-Anaheim-Irvine, CA Metropolitan Division 2,920 2.10 1.67 $37.45 $77,900
Philadelphia, PA Metropolitan Division 2,860 1.57 1.25 $52.56 $109,320
Houston-Sugar Land-Baytown, TX 2,810 1.10 0.87 $34.31 $71,370




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)
Nashua, NH-MA NECTA Division 830 6.53 5.18 (8) (8)
San Francisco-San Mateo-Redwood City, CA Metropolitan Division 4,180 4.36 3.45 $62.54 $130,070
West Palm Beach-Boca Raton-Boynton Beach, FL Metropolitan Division 2,090 4.21 3.34 $52.03 $108,220
New York-White Plains-Wayne, NY-NJ Metropolitan Division 19,160 3.79 3.00 $65.39 $136,000
Wilmington, DE-MD-NJ Metropolitan Division 910 2.87 2.27 $39.57 $82,310
Boston-Cambridge-Quincy, MA NECTA Division 4,750 2.83 2.25 $56.25 $117,000
Sacramento--Arden-Arcade--Roseville, CA 2,140 2.66 2.11 $38.04 $79,130
Cincinnati-Middletown, OH-KY-IN 2,380 2.45 1.94 $41.23 $85,760
Salt Lake City, UT 1,430 2.38 1.88 $35.95 $74,770
Des Moines-West Des Moines, IA 730 2.30 1.82 $33.47 $69,610