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 among Minnesota 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 2017 and published in April 2018 [1].

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

Percentile BracketAverage Annual Salary
10th Percentile Wage
$41,930
25th Percentile Wage
$60,460
50th Percentile Wage
$87,450
75th Percentile Wage
$122,560
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 $87,450. The average annual salary for the bottom 10 percent is $41,930.

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
$87,450
-1.27% 33.81%
2016
$88,560
2.20% -
2015
$86,610
14.43% -
2014
$74,110
14.07% -
2013
$63,680
9.11% -
2012
$57,880
- -

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 $45,480 to $88,710. The highest paying area for personal financial advisors in Minnesota is Southeast Minnesota nonmetropolitan area with a median annual salary of $88,710. The second highest paying city/area in Minnesota State is Rochester (mean annual salary $85,890). The lowest paying area is Mankato-North Mankato with a median annual salary of $45,480.

Cities/Areas Median Annual Salary
Southeast Minnesota nonmetropolitan area
$88,710
Rochester
$85,890
St Cloud
$77,970
Southwest Minnesota nonmetropolitan area
$75,780
Northwest Minnesota nonmetropolitan area
$57,630
Northeast Minnesota nonmetropolitan area
$49,180
Mankato-North Mankato
$45,480




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