Personal Financial Advisor Salary Information in Massachusetts

The average annual and hourly salaries for personal financial advisors in the state of Massachusetts are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of personal financial advisors amongst Massachusetts metropolitan areas 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 2014 and published in May 2015 [1].

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

Percentile BracketAverage Annual Salary
90th Percentile Wage
No Data
75th Percentile Wage
No Data
50th Percentile Wage
$95,760
25th Percentile Wage
$69,550
10th Percentile Wage
$47,480

Table 1 shows the average annual salary for personal financial advisors in Massachusetts in 5 percentile scales. The median (50th percentile) annual salary is $95,760. The average annual salary of the 25th percentile is $69,550. The average annual salary for the bottom 10 percent is $47,480.

Percentile BracketAverage Hourly Salary
90th Percentile Wage
No Data
75th Percentile Wage
No Data
50th Percentile Wage
$46.04
25th Percentile Wage
$33.44
10th Percentile Wage
$22.83

Table 2 shows the average hourly salary for personal financial advisors in Massachusetts in 5 percentile scales. The median hourly salary is $46.04. The average hourly salary of the 25th percentile is $33.44. The average hourly salary for the bottom 10 percent is $22.83.

Table 3. Salary Trend

YearAverage Annual SalaryGrowth (%)
2014 $95,760 2.11%
2013 $93,780 12.62%
2012 $83,270 -2.21%
2011 $85,150 -0.49%
2010 $85,570 -

Table 3 shows the salary trend for personal financial advisors in state of Massachusetts from 2010 to 2014. We note that from 2010 to 2014 the average salary has increased by 11.91%. We note that in 2013 the average salary increased by 12.62%. We also see in both 2011 and 2012 the salaries had negtive growth.

Table 4. Average Personal Financial Advisor Wage in Massachusetts vs. Related Jobs

OccupationAverage Wage
Personal Financial Advisors
$95,760
Insurance Underwriters
$70,000
Financial Examiners
$89,520
Credit Counselors
$47,780
Loan Officers
$75,460
Tax Examiners and Collectors, and Revenue Agents
$62,180
Tax Preparers
$52,130

Table 5. Median Annual Salary of Personal Financial Advisors in Massachusetts Cities

Table 5 shows the median annual salary of personal financial advisors in some Massachusetts cities and metropolitan areas. We note that the median annual salary of personal financial advisors in state of Massachusetts ranges from $49,440 to $99,690. The highest paying area for personal financial advisors in Massachusetts is Boston-Cambridge-Quincy with a median annual salary of $99,690. The second highest paying city/area in Massachusetts State is Boston-Cambridge-Quincy (mean annual salary $95,600). The lowest paying area is Framingham with a median annual salary of $49,440.

Cities/Areas Median Annual Salary
Boston-Cambridge-Quincy
$99,690
Boston-Cambridge-Quincy
$95,600
Barnstable Town
$84,560
Springfield
$65,630
Worcester
$64,660
Peabody
$63,830
Framingham
$49,440

Personal Financial Advisor Salary by State

Alabama       Alaska       Arizona       Arkansas       California       Colorado       Connecticut       Delaware       D.C.       Florida       Georgia       Hawaii       Idaho       Illinois       Indiana       Iowa       Kansas       Kentucky       Louisiana       Maine       Maryland       Massachusetts       Michigan       Minnesota       Mississippi       Montana       Nebraska       Nevada       New Hampshire       New Jersey       New Mexico       New York       North Carolina       Ohio       Oklahoma       Oregon       Pennsylvania       Puerto Rico       South Carolina       South Dakota       Tennessee       Texas       Utah       Vermont       Virginia       Washington       West Virginia       Wisconsin       Wyoming