The annual salary statistics of personal financial advisors in South Bend-Mishawaka, Michigan is shown in Table 1. The wage data of personal financial advisors in South Bend-Mishawaka 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 | $38,100 |
| 25th Percentile Wage | $48,890 |
| 50th Percentile Wage | $64,930 |
| 75th Percentile Wage | $133,620 |
| 90th Percentile Wage | $235,000 |
Table 1 shows the average annual salary for personal financial advisors in South Bend-Mishawaka, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $235,000. The median (50th percentile) annual salary is $64,930. The average annual salary for the bottom 10 percent earners is $38,100.
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 | $64,930 | -20.18% | -48.78% |
| 2021 | $78,030 | -5.18% | - |
| 2020 | $82,070 | -9.70% | - |
| 2019 | $90,030 | 0.17% | - |
| 2018 | $89,880 | 13.54% | - |
| 2017 | $77,710 | -3.74% | - |
| 2016 | $80,620 | 7.85% | - |
| 2015 | $74,290 | -42.82% | - |
| 2014 | $106,100 | 7.28% | - |
| 2013 | $98,380 | 1.81% | - |
| 2012 | $96,600 | - | - |
From Table 3 we note that the median annual salary of $64,930 in South Bend-Mishawaka 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 South Bend-Mishawaka is 50.4 percent (50.4%) lower than that in the highest paying Battle Creek and 22.2 percent (22.2%) higher than that in the lowest paying Holland-Grand Haven.