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Occupational Employment Statistics
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Occupational Employment and Wages, May 2018

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)
200,260 1.5 % $58.54 $121,770 1.1 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $19.99 $27.54 $42.73 $75.82 (5)
Annual Wage (2) $41,590 $57,290 $88,890 $157,710 (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 144,130 15.48 $62.47 $129,950
Credit Intermediation and Related Activities (5221 And 5223 only) 28,610 1.42 $49.45 $102,850
Agencies, Brokerages, and Other Insurance Related Activities 6,600 0.57 $40.69 $84,640
Management of Companies and Enterprises 5,800 0.24 $56.35 $117,210
Accounting, Tax Preparation, Bookkeeping, and Payroll Services 3,030 0.32 $47.89 $99,610

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 144,130 15.48 $62.47 $129,950
Other Investment Pools and Funds 530 6.24 $61.82 $128,580
Insurance and Employee Benefit Funds 340 6.17 $36.99 $76,930
Credit Intermediation and Related Activities (5221 And 5223 only) 28,610 1.42 $49.45 $102,850
Agencies, Brokerages, and Other Insurance Related Activities 6,600 0.57 $40.69 $84,640

Top paying industries for this occupation:

Industry Employment (1) Percent of industry employment Hourly mean wage Annual mean wage (2)
Real Estate 550 0.03 $77.82 $161,860
Securities, Commodity Contracts, and Other Financial Investments and Related Activities 144,130 15.48 $62.47 $129,950
Other Investment Pools and Funds 530 6.24 $61.82 $128,580
Grantmaking and Giving Services 130 0.09 $59.20 $123,140
Management of Companies and Enterprises 5,800 0.24 $56.35 $117,210


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 26,710 2.85 2.06 $78.97 $164,260
California 24,890 1.46 1.06 $61.89 $128,730
Florida 14,080 1.64 1.18 $59.06 $122,840
Texas 10,830 0.89 0.65 $53.28 $110,820
Massachusetts 9,060 2.54 1.83 $61.61 $128,140




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 26,710 2.85 2.06 $78.97 $164,260
Connecticut 4,470 2.70 1.95 $63.12 $131,280
Massachusetts 9,060 2.54 1.83 $61.61 $128,140
Missouri 5,050 1.80 1.30 $41.27 $85,830
Rhode Island 850 1.77 1.28 $54.05 $112,430




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 26,710 2.85 2.06 $78.97 $164,260
District of Columbia 870 1.23 0.89 $76.19 $158,460
Wyoming 260 0.97 0.70 $65.07 $135,340
Maine 430 0.71 0.51 $64.99 $135,170
North Carolina 7,010 1.60 1.16 $64.84 $134,860





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-Newark-Jersey City, NY-NJ-PA 27,570 2.90 2.10 $78.60 $163,490
Los Angeles-Long Beach-Anaheim, CA 10,520 1.72 1.24 $54.11 $112,540
Boston-Cambridge-Nashua, MA-NH 8,740 3.17 2.29 $61.35 $127,600
Chicago-Naperville-Elgin, IL-IN-WI 7,860 1.69 1.22 $62.77 $130,550
San Francisco-Oakland-Hayward, CA 6,670 2.76 1.99 $77.52 $161,250
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 5,760 2.02 1.46 $51.09 $106,280
Miami-Fort Lauderdale-West Palm Beach, FL 5,370 2.07 1.50 $60.72 $126,300
Dallas-Fort Worth-Arlington, TX 4,120 1.15 0.83 $59.71 $124,200
Atlanta-Sandy Springs-Roswell, GA 3,910 1.46 1.05 $58.74 $122,170
Washington-Arlington-Alexandria, DC-VA-MD-WV 3,880 1.24 0.89 $57.78 $120,180