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Occupational Employment and Wage Statistics

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




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 3,090 7.42 5.36 $62.64 $130,280
Durham-Chapel Hill, NC 1,320 4.28 3.09 $55.93 $116,340
Milwaukee-Waukesha-West Allis, WI 2,780 3.27 2.36 $57.60 $119,800
Boston-Cambridge-Nashua, MA-NH 8,740 3.17 2.29 $61.35 $127,600
New York-Newark-Jersey City, NY-NJ-PA 27,570 2.90 2.10 $78.60 $163,490
Jacksonville, FL 1,900 2.77 2.00 $61.89 $128,720
San Francisco-Oakland-Hayward, CA 6,670 2.76 1.99 $77.52 $161,250
Naples-Immokalee-Marco Island, FL 400 2.75 1.99 $75.99 $158,050
St. Louis, MO-IL 3,520 2.58 1.87 $41.92 $87,190
Charlotte-Concord-Gastonia, NC-SC 3,020 2.49 1.80 $69.46 $144,480




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)
Gainesville, GA (8) (8) (8) $103.77 $215,840
Santa Fe, NM 90 1.48 1.07 $93.11 $193,670
Montgomery, AL 200 1.19 0.86 $89.98 $187,150
North Port-Sarasota-Bradenton, FL 710 2.41 1.74 $87.84 $182,700
Elmira, NY (8) (8) (8) $86.76 $180,450
Tallahassee, FL 90 0.51 0.37 $82.02 $170,600
Utica-Rome, NY 80 0.67 0.49 $81.64 $169,810
New York-Newark-Jersey City, NY-NJ-PA 27,570 2.90 2.10 $78.60 $163,490
San Francisco-Oakland-Hayward, CA 6,670 2.76 1.99 $77.52 $161,250
Naples-Immokalee-Marco Island, FL 400 2.75 1.99 $75.99 $158,050

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 270 0.69 0.50 $30.52 $63,490
Southeast Iowa nonmetropolitan area 190 0.84 0.61 $39.19 $81,500
Northwest Lower Peninsula of Michigan nonmetropolitan area 180 1.44 1.04 $58.17 $121,000
Balance of Lower Peninsula of Michigan nonmetropolitan area 170 0.64 0.46 $41.42 $86,150
North Northeastern Ohio non-metropolitan area (non-contiguous) 170 0.51 0.37 $37.87 $78,770

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)
Northwest Lower Peninsula of Michigan nonmetropolitan area 180 1.44 1.04 $58.17 $121,000
Northwest Nebraska nonmetropolitan area 50 1.31 0.95 $31.30 $65,100
Western Wyoming nonmetropolitan area 130 1.30 0.94 $51.70 $107,530
Massachusetts nonmetropolitan area 50 0.91 0.66 $92.62 $192,650
Southeast Iowa nonmetropolitan area 190 0.84 0.61 $39.19 $81,500

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)
Massachusetts nonmetropolitan area 50 0.91 0.66 $92.62 $192,650
West Central-Southwest New Hampshire nonmetropolitan area 70 0.73 0.52 $74.29 $154,520
Upper Peninsula of Michigan nonmetropolitan area 80 0.74 0.53 $72.37 $150,540
Southwest Maine nonmetropolitan area 50 0.28 0.20 $69.86 $145,320
Mountain North Carolina nonmetropolitan area 100 0.79 0.57 $63.59 $132,260


About May 2018 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 2018 National Occupational Employment and Wage Estimates

May 2018 State Occupational Employment and Wage Estimates

May 2018 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates

May 2018 National Industry-Specific Occupational Employment and Wage Estimates

May 2018 Occupation Profiles

Technical Notes

 

Last Modified Date: March 29, 2019