The annual salary statistics of personal financial advisors in Indianapolis-Carmel, Indiana is shown in Table 1. The wage information of personal financial advisors in Indianapolis-Carmel is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $47,950 |
| 25th Percentile Wage | $62,360 |
| 50th Percentile Wage | $99,340 |
| 75th Percentile Wage | $165,140 |
| 90th Percentile Wage | No Data |
Table 1 shows the average annual salary for personal financial advisors in Indianapolis-Carmel, Indiana in 5 percentile scales. The average annual salary for the 75th percentile (the top 25 percent of the highest paid) is $165,140. The median (50th percentile) annual salary is $99,340. The average annual salary for the bottom 10 percent earners is $47,950.
The table and chart below show the trend of the median salary of personal financial advisors from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $99,340 | 17.40% | 27.41% |
| 2021 | $82,050 | -12.15% | - |
| 2020 | $92,020 | -12.58% | - |
| 2019 | $103,600 | 5.77% | - |
| 2018 | $97,620 | 3.20% | - |
| 2017 | $94,500 | 12.13% | - |
| 2016 | $83,040 | 2.71% | - |
| 2015 | $80,790 | 3.03% | - |
| 2014 | $78,340 | -1.65% | - |
| 2013 | $79,630 | 9.44% | - |
| 2012 | $72,110 | - | - |
From Table 3 we note that with a median annual salary of $99,340, Indianapolis-Carmel is the highest paying city for personal financial advisors in state of Indiana, followed by Kokomo (median annual salary $76,690). In comparison, the median annual salary of personal financial advisors in Indianapolis-Carmel is 22.8 percent (22.8%) higher than that in Kokomo.
| Cities/Areas | Median Annual Salary |
|---|---|
| Indianapolis-Carmel | |
| Kokomo | |
| Lafayette | |
| Columbus | |
| Muncie | |
| Northern Indiana nonmetropolitan area | |
| Elkhart-Goshen | |
| Lafayette-West Lafayette | |
| Michigan City-La Porte | |
| Southern Indiana nonmetropolitan area | |
| Fort Wayne | |
| Gary | |
| Bloomington | |
| Terre Haute | |
| Central Indiana nonmetropolitan area |