Personal Financial Advisor Salary Information in Minnesota

The average annual and hourly salaries for personal financial advisors in the state of Minnesota are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of personal financial advisors amongst Minnesota 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 Minnesota

Percentile BracketAverage Annual Salary
10th Percentile Wage
$46,850
25th Percentile Wage
$60,330
50th Percentile Wage
$88,560
75th Percentile Wage
$128,360
90th Percentile Wage
$206,740

Table 1 shows the average annual salary for personal financial advisors in Minnesota in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $206,740. The median (50th percentile) annual salary is $88,560. The average annual salary for the bottom 10 percent is $46,850.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$22.52
25th Percentile Wage
$29.01
50th Percentile Wage
$42.58
75th Percentile Wage
$61.71
90th Percentile Wage
$99.39

Table 2 shows the average hourly salary for personal financial advisors in Minnesota in 5 percentile scales. The average hourly salary for the 90th percentile is $99.39. The median hourly salary is $42.58. The average hourly salary for the bottom 10 percent is $22.52.

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
201688,5602.20%34.64%
201586,61014.43%-
201474,11014.07%-
201363,6809.11%-
201257,880--

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

Table 3 shows the median annual salary of personal financial advisors in some Minnesota cities and metropolitan areas. We note that the median annual salary of personal financial advisors in state of Minnesota ranges from $48,040 to $82,030. The highest paying area for personal financial advisors in Minnesota is Rochester with a median annual salary of $82,030. The second highest paying city/area in Minnesota State is St Cloud (mean annual salary $79,610). The lowest paying area is Mankato-North Mankato with a median annual salary of $48,040.

Cities/Areas Median Annual Salary
Rochester
$82,030
St Cloud
$79,610
Northwest Minnesota nonmetropolitan area
$75,550
Southeast Minnesota nonmetropolitan area
$62,040
Mankato-North Mankato
$48,040


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Highest paying cities for personal financial advisors

Highest paying industries for personal financial advisors.