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 among Massachusetts 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 2016 and published in April 2017 [1].

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

Percentile BracketAverage Annual Salary
10th Percentile Wage
$34,060
25th Percentile Wage
$44,650
50th Percentile Wage
$69,490
75th Percentile Wage
$130,570
90th Percentile Wage
No Data

Table 1 shows the average annual salary for personal financial advisors in Massachusetts in 5 percentile scales. The average annual salary for the 75th percentile (the top 25 percent of the highest paid) is $130,570. The median (50th percentile) annual salary is $69,490. The average annual salary for the bottom 10 percent is $34,060.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$16.38
25th Percentile Wage
$21.47
50th Percentile Wage
$33.40
75th Percentile Wage
$62.78
90th Percentile Wage
No Data

Table 2 shows the average hourly salary for personal financial advisors in Massachusetts in 5 percentile scales. The average hourly salary for the 75th percentile wage is $62.78. The median hourly salary is $33.40. The average hourly salary for the bottom 10 percent is $16.38.

Salary Trend (2012 to 2016)

The following table and chart show the trend of the median salary of personal financial advisors from 2012 to 2016.

YearMedian SalaryYearly Growth4-Year Growth
201669,490-35.40%-19.83%
201594,090-1.77%-
201495,7602.07%-
201393,78011.21%-
201283,270--

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

Table 3 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 $60,030 to $132,440. The highest paying area for personal financial advisors in Massachusetts is Peabody with a median annual salary of $132,440. The second highest paying city/area in Massachusetts State is Barnstable Town (mean annual salary $108,620). The lowest paying area is North Central Massachusetts nonmetropolitan area with a median annual salary of $60,030.

Cities/Areas Median Annual Salary
Peabody
$132,440
Barnstable Town
$108,620
Worcester
$92,860
Framingham
$88,860
Springfield
$76,450
Boston-Cambridge-Quincy
$68,990
Boston-Cambridge-Quincy
$66,620
North Central Massachusetts nonmetropolitan area
$60,030


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Highest paying cities for personal financial advisors

Highest paying industries for personal financial advisors.