Personal Financial Advisor Salary Information in New York

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

Percentile BracketAverage Annual Salary
10th Percentile Wage
$52,100
25th Percentile Wage
$83,540
50th Percentile Wage
$143,510
75th Percentile Wage
$185,030
90th Percentile Wage
No Data

Table 1 shows the average annual salary for personal financial advisors in New York in 5 percentile scales. The average annual salary for the 75th percentile (the top 25 percent of the highest paid) is $185,030. The median (50th percentile) annual salary is $143,510. The average annual salary for the bottom 10 percent is $52,100.

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
$143,510
7.85% 31.64%
2016
$132,240
4.29% -
2015
$126,570
10.22% -
2014
$113,640
2.42% -
2013
$110,890
11.52% -
2012
$98,110
- -

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

Table 3 shows the median annual salary of personal financial advisors in some New York cities and metropolitan areas. We note that the median annual salary of personal financial advisors in state of New York ranges from $49,570 to $141,570. The highest paying area for personal financial advisors in New York is Utica-Rome with a median annual salary of $141,570. The second highest paying city/area in New York State is New York-Northern New Jersey-Long Island (mean annual salary $139,010). The lowest paying area is Syracuse with a median annual salary of $49,570.

Cities/Areas Median Annual Salary
Utica-Rome
$141,570
New York-Northern New Jersey-Long Island
$139,010
Elmira
$127,680
New York-White Plains-Wayne
$117,210
Ithaca
$114,650
Rochester
$111,590
Buffalo-Niagara Falls
$103,880
Glens Falls
$103,550
Poughkeepsie-Newburgh-Middletown
$96,230
Capital-Northern New York nonmetropolitan area
$93,250
Central New York nonmetropolitan area
$91,670
Albany-Schenectady-Troy
$87,230
Nassau-Suffolk
$87,030
Kingston
$81,000
Southwest New York nonmetropolitan area
$65,070
Binghamton
$62,230
Syracuse
$49,570




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