The annual salary statistics of personal financial advisors in Mankato-North Mankato, Minnesota is shown in Table 1. The wage data of personal financial advisors in Mankato-North Mankato 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 | $32,120 |
| 25th Percentile Wage | $46,090 |
| 50th Percentile Wage | $70,040 |
| 75th Percentile Wage | $113,060 |
| 90th Percentile Wage | $203,390 |
Table 1 shows the average annual salary for personal financial advisors in Mankato-North Mankato, Minnesota in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $203,390. The median (50th percentile) annual salary is $70,040. The average annual salary for the bottom 10 percent earners is $32,120.
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 | $70,040 | 29.83% | 44.07% |
| 2021 | $49,150 | 0.94% | - |
| 2020 | $48,690 | 4.64% | - |
| 2018 | $46,430 | 2.05% | - |
| 2017 | $45,480 | -5.63% | - |
| 2016 | $48,040 | -23.04% | - |
| 2015 | $59,110 | 2.28% | - |
| 2014 | $57,760 | 7.24% | - |
| 2013 | $53,580 | 26.89% | - |
| 2012 | $39,170 | - | - |
From Table 3 we note that the median annual salary of $70,040 in Mankato-North Mankato is in the middle of salary range for personal financial advisors in state of Minnesota. In comparison, the annual salary of personal financial advisors in Mankato-North Mankato is 28.1 percent (28.1%) lower than that in the highest paying Rochester and 29.8 percent (29.8%) higher than that in the lowest paying Northeast Minnesota nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Rochester | |
| Southeast Minnesota nonmetropolitan area | |
| Southwest Minnesota nonmetropolitan area | |
| St Cloud | |
| Northwest Minnesota nonmetropolitan area | |
| Mankato-North Mankato | |
| Northeast Minnesota nonmetropolitan area |