Personal Financial Advisor Salary Information in Indiana

The average annual and hourly salaries for personal financial advisors in the state of Indiana are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of personal financial advisors among Indiana cities is shown in Table 3. The salary statistics are based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2017 and published in April 2018 [1].

Table 1 & 2. Annual & Hourly Salary of Personal Financial Advisors in Indiana

Percentile BracketAverage Annual Salary
10th Percentile Wage
$38,090
25th Percentile Wage
$56,230
50th Percentile Wage
$86,470
75th Percentile Wage
$127,160
90th Percentile Wage
$207,600

Table 1 shows the average annual salary for personal financial advisors in Indiana in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $207,600. The median (50th percentile) annual salary is $86,470. The average annual salary for the bottom 10 percent is $38,090.

Salary Trend (2012 to 2017)

The table and chart below show the trend of the median salary of personal financial advisors from 2012 to 2017.

YearMedian SalaryYearly Growth5-Year Growth
2017
$86,470
8.85% 19.88%
2016
$78,820
3.07% -
2015
$76,400
4.93% -
2014
$72,630
-2.73% -
2013
$74,610
7.14% -
2012
$69,280
- -

Table 3. Median Annual Salary of Personal Financial Advisors in Indiana Cities

Table 3 shows the median annual salary of personal financial advisors in some Indiana cities and metropolitan areas. We note that the median annual salary of personal financial advisors in state of Indiana ranges from $39,820 to $98,160. The highest paying area for personal financial advisors in Indiana is Fort Wayne with a median annual salary of $98,160. The second highest paying city/area in Indiana State is Indianapolis-Carmel (mean annual salary $94,500). The lowest paying area is Muncie with a median annual salary of $39,820.

Cities/Areas Median Annual Salary
Fort Wayne
$98,160
Indianapolis-Carmel
$94,500
Elkhart-Goshen
$92,280
Terre Haute
$86,520
Southern Indiana nonmetropolitan area
$80,220
Lafayette
$76,460
Bloomington
$70,860
Columbus
$69,810
Gary
$59,490
Central Indiana nonmetropolitan area
$57,720
Northern Indiana nonmetropolitan area
$53,350
Kokomo
$52,250
Muncie
$39,820




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