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Occupational Employment Statistics
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Occupational Employment and Wages, May 2017

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)
200,920 1.4 % $59.68 $124,140 1.0 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $19.62 $27.59 $43.58 $78.21 (5)
Annual Wage (2) $40,800 $57,380 $90,640 $162,680 (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)
Securities, Commodity Contracts, and Other Financial Investments and Related Activities 139,260 15.20 $64.38 $133,910
Credit Intermediation and Related Activities (5221 And 5223 only) 31,520 1.58 $49.83 $103,650
Management of Companies and Enterprises 6,910 0.30 $53.80 $111,910
Agencies, Brokerages, and Other Insurance Related Activities 6,720 0.60 $42.96 $89,350
Insurance Carriers 3,690 0.32 $43.95 $91,420

Industries with the highest concentration of employment in this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Securities, Commodity Contracts, and Other Financial Investments and Related Activities 139,260 15.20 $64.38 $133,910
Other Investment Pools and Funds 550 7.74 $50.42 $104,870
Credit Intermediation and Related Activities (5221 And 5223 only) 31,520 1.58 $49.83 $103,650
Agencies, Brokerages, and Other Insurance Related Activities 6,720 0.60 $42.96 $89,350
Nondepository Credit Intermediation 2,830 0.45 $54.39 $113,140

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Securities, Commodity Contracts, and Other Financial Investments and Related Activities 139,260 15.20 $64.38 $133,910
Grantmaking and Giving Services 140 0.10 $61.29 $127,470
Other Professional, Scientific, and Technical Services 390 0.06 $60.92 $126,720
Nondepository Credit Intermediation 2,830 0.45 $54.39 $113,140
Management of Companies and Enterprises 6,910 0.30 $53.80 $111,910


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 28,000 3.04 2.16 $79.86 $166,100
California 24,790 1.48 1.05 $67.84 $141,100
Florida 12,600 1.50 1.06 $60.91 $126,700
Texas 11,530 0.97 0.69 $53.67 $111,640
Illinois 10,650 1.80 1.27 $58.54 $121,750




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 28,000 3.04 2.16 $79.86 $166,100
Connecticut 4,790 2.89 2.05 $65.92 $137,120
Massachusetts 7,350 2.08 1.48 $52.58 $109,370
Illinois 10,650 1.80 1.27 $58.54 $121,750
Missouri 4,980 1.79 1.27 $43.13 $89,710




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 28,000 3.04 2.16 $79.86 $166,100
California 24,790 1.48 1.05 $67.84 $141,100
Connecticut 4,790 2.89 2.05 $65.92 $137,120
District of Columbia 520 0.74 0.52 $65.28 $135,770
Maine 370 0.62 0.44 $64.60 $134,380



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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-Jersey City-White Plains, NY-NJ Metropolitan Division 25,670 3.84 2.72 $82.42 $171,430
Chicago-Naperville-Arlington Heights, IL Metropolitan Division 8,360 2.28 1.62 $60.38 $125,590
Los Angeles-Long Beach-Glendale, CA Metropolitan Division 7,110 1.60 1.14 $62.87 $130,770
Boston-Cambridge-Newton, MA NECTA Division 6,260 3.40 2.42 $52.15 $108,480
San Francisco-Redwood City-South San Francisco, CA Metropolitan Division 4,510 4.04 2.87 $80.80 $168,060
Atlanta-Sandy Springs-Roswell, GA 4,000 1.53 1.08 $56.40 $117,300
Houston-The Woodlands-Sugar Land, TX 3,650 1.24 0.88 $49.29 $102,510
Anaheim-Santa Ana-Irvine, CA Metropolitan Division 3,430 2.12 1.51 $61.65 $128,220
St. Louis, MO-IL 3,320 2.45 1.74 $42.90 $89,240
Dallas-Plano-Irving, TX Metropolitan Division 3,250 1.30 0.92 $65.32 $135,860


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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 2,720 6.55 4.65 $67.64 $140,690
Nashua, NH-MA NECTA Division 640 4.87 3.46 $45.59 $94,820
San Francisco-Redwood City-South San Francisco, CA Metropolitan Division 4,510 4.04 2.87 $80.80 $168,060
San Rafael, CA Metropolitan Division 440 3.86 2.74 $65.51 $136,260
New York-Jersey City-White Plains, NY-NJ Metropolitan Division 25,670 3.84 2.72 $82.42 $171,430
Milwaukee-Waukesha-West Allis, WI 2,890 3.43 2.44 $55.24 $114,900
Boston-Cambridge-Newton, MA NECTA Division 6,260 3.40 2.42 $52.15 $108,480
Naples-Immokalee-Marco Island, FL 440 3.10 2.20 $78.84 $163,980
Montgomery County-Bucks County-Chester County, PA Metropolitan Division 3,180 3.08 2.19 $53.82 $111,950
Durham-Chapel Hill, NC 900 3.01 2.14 $85.89 $178,650


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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)
Montgomery, AL 180 1.09 0.78 $101.32 $210,750
Haverhill-Newburyport-Amesbury Town, MA-NH NECTA Division 30 0.53 0.37 $91.72 $190,770
Santa Fe, NM 90 1.54 1.09 $90.65 $188,550
North Port-Sarasota-Bradenton, FL 530 1.84 1.31 $89.73 $186,650
Lawrence-Methuen Town-Salem, MA-NH NECTA Division 60 0.75 0.53 $87.36 $181,710
Durham-Chapel Hill, NC 900 3.01 2.14 $85.89 $178,650
Oakland-Hayward-Berkeley, CA Metropolitan Division 1,600 1.40 0.99 $83.71 $174,110
Altoona, PA 40 0.73 0.52 $83.55 $173,790
College Station-Bryan, TX 60 0.55 0.39 $83.15 $172,960
New York-Jersey City-White Plains, NY-NJ Metropolitan Division 25,670 3.84 2.72 $82.42 $171,430

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)
South Central Wisconsin nonmetropolitan area 200 0.97 0.69 $31.37 $65,240
North Northeastern Ohio non-metropolitan area (non-contiguous) 180 0.54 0.38 $45.04 $93,690
Southeast Coastal North Carolina nonmetropolitan area 160 0.66 0.47 $48.48 $100,840
Southeast Iowa nonmetropolitan area 160 0.68 0.49 $38.80 $80,700
Northeast Mississippi nonmetropolitan area 150 0.64 0.45 $61.81 $128,560

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)
Southeast Nebraska nonmetropolitan area 70 1.45 1.03 $25.26 $52,530
Southwest Colorado nonmetropolitan area 120 1.20 0.85 $49.83 $103,640
Central New Hampshire nonmetropolitan area 110 1.17 0.83 $81.72 $169,980
Northwest Massachusetts nonmetropolitan area 30 1.17 0.83 (8) (8)
Northeast Wyoming nonmetropolitan area 50 1.12 0.79 $59.04 $122,790

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)
Central New Hampshire nonmetropolitan area 110 1.17 0.83 $81.72 $169,980
Upper Peninsula of Michigan nonmetropolitan area 70 0.60 0.42 $74.95 $155,890
Southeast Mississippi nonmetropolitan area (8) (8) (8) $70.23 $146,080
Mountain North Carolina nonmetropolitan area 100 0.83 0.59 $68.33 $142,120
Central New York nonmetropolitan area 70 0.56 0.40 $67.65 $140,710


About May 2017 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 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 $100.00 per hour or $208,000 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 2017 National Occupational Employment and Wage Estimates

May 2017 State Occupational Employment and Wage Estimates

May 2017 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2017 National Industry-Specific Occupational Employment and Wage Estimates

May 2017 Occupation Profiles

Technical Notes

 

Last Modified Date: March 30, 2018