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 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 Massachusetts

Percentile BracketAverage Annual Salary
10th Percentile Wage
$37,460
25th Percentile Wage
$49,000
50th Percentile Wage
$66,720
75th Percentile Wage
$137,040
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 $137,040. The median (50th percentile) annual salary is $66,720. The average annual salary for the bottom 10 percent is $37,460.

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
$66,720
-4.15% -24.81%
2016
$69,490
-35.40% -
2015
$94,090
-1.77% -
2014
$95,760
2.07% -
2013
$93,780
11.21% -
2012
$83,270
- -

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 $151,570. The highest paying area for personal financial advisors in Massachusetts is Peabody with a median annual salary of $151,570. The second highest paying city/area in Massachusetts State is Brockton-Bridgewater-Easton (mean annual salary $102,240). The lowest paying area is North Central Massachusetts nonmetropolitan area with a median annual salary of $60,030.

Cities/Areas Median Annual Salary
Peabody
$151,570
Brockton-Bridgewater-Easton
$102,240
Framingham
$96,210
Barnstable Town
$93,480
Worcester
$68,000
Boston-Cambridge-Quincy
$65,660
Boston-Cambridge-Quincy
$64,700
Springfield
$63,650
North Central Massachusetts nonmetropolitan area
$60,030




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