The annual salary statistics of personal financial advisors in Saginaw-Saginaw Township North, Michigan is shown in Table 1. The wage statistics of personal financial advisors in Saginaw-Saginaw Township North 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 | $37,930 |
| 25th Percentile Wage | $46,630 |
| 50th Percentile Wage | $64,080 |
| 75th Percentile Wage | $129,110 |
| 90th Percentile Wage | $151,590 |
Table 1 shows the average annual salary for personal financial advisors in Saginaw-Saginaw Township North, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $151,590. The median (50th percentile) annual salary is $64,080. The average annual salary for the bottom 10 percent earners is $37,930.
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 | $64,080 | 2.98% | 29.79% |
| 2021 | $62,170 | 2.64% | - |
| 2020 | $60,530 | -19.15% | - |
| 2019 | $72,120 | -8.79% | - |
| 2018 | $78,460 | 9.04% | - |
| 2017 | $71,370 | 11.63% | - |
| 2016 | $63,070 | 25.21% | - |
| 2015 | $47,170 | 9.99% | - |
| 2014 | $42,460 | 5.86% | - |
| 2013 | $39,970 | -12.56% | - |
| 2012 | $44,990 | - | - |
From Table 3 we note that the median annual salary of $64,080 in Saginaw-Saginaw Township North is in the middle of salary range for personal financial advisors in state of Michigan. In comparison, the annual salary of personal financial advisors in Saginaw-Saginaw Township North is 51.0 percent (51.0%) lower than that in the highest paying Battle Creek and 21.2 percent (21.2%) higher than that in the lowest paying Holland-Grand Haven.