The annual salary statistics of personal financial advisors in Boston-Cambridge-Quincy, Massachusetts is shown in Table 1. The wage data of personal financial advisors in Boston-Cambridge-Quincy 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 | $37,570 |
| 25th Percentile Wage | $48,270 |
| 50th Percentile Wage | $64,700 |
| 75th Percentile Wage | $133,650 |
| 90th Percentile Wage | No Data |
Table 1 shows the average annual salary for personal financial advisors in Boston-Cambridge-Quincy, Massachusetts in 5 percentile scales. The average annual salary for the 75th percentile (the top 25 percent of the highest paid) is $133,650. The median (50th percentile) annual salary is $64,700. The average annual salary for the bottom 10 percent earners is $37,570.
The table and chart below show the trend of the median salary of personal financial advisors from 2012 to 2017.
| Year | Median Salary | Yearly Growth | 5-Year Growth |
|---|---|---|---|
| 2017 | $64,700 | -2.97% | -30.76% |
| 2016 | $66,620 | -45.26% | - |
| 2015 | $96,770 | -3.02% | - |
| 2014 | $99,690 | 0.64% | - |
| 2013 | $99,050 | 14.59% | - |
| 2012 | $84,600 | - | - |
From Table 3 we note that the median annual salary of $64,700 in Boston-Cambridge-Quincy is in the middle of salary range for personal financial advisors in state of Massachusetts. In comparison, the annual salary of personal financial advisors in Boston-Cambridge-Quincy is 57.3 percent (57.3%) lower than that in the highest paying Peabody and 7.2 percent (7.2%) higher than that in the lowest paying North Central Massachusetts nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Peabody | |
| Barnstable Town | |
| Pittsfield | |
| Boston-Cambridge-Quincy | |
| Massachusetts nonmetropolitan area | |
| Brockton-Bridgewater-Easton | |
| Worcester | |
| Framingham | |
| Springfield | |
| Boston-Cambridge-Quincy | |
| North Central Massachusetts nonmetropolitan area |