|Quick Facts: Personal Financial Advisors|
$89,330 per year
$42.95 per hour
|Long-term on-the-job training|
|5% (Slower than average)|
Personal financial advisors provide advice to help individuals manage their money and plan for their financial future.
Most personal financial advisors work in the finance and insurance industry or are self-employed. They typically work full time, and some work more than 40 hours per week. They also may meet with clients in the evenings or on weekends.
Personal financial advisors typically need a bachelor’s degree to enter the occupation. A master’s degree and certification may improve chances for advancement.
The median annual wage for personal financial advisors was $89,330 in May 2020.
Employment of personal financial advisors is projected to grow 5 percent from 2020 to 2030, slower than the average for all occupations.
Despite limited employment growth, about 21,500 openings for personal financial advisors are projected each year, on average, over the decade. Most of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire.
Explore resources for employment and wages by state and area for personal financial advisors.
Compare the job duties, education, job growth, and pay of personal financial advisors with similar occupations.
Learn more about personal financial advisors by visiting additional resources, including O*NET, a source on key characteristics of workers and occupations.