The annual salary statistics of personal financial advisors in Albany-Schenectady-Troy, New York is shown in Table 1. The wage data of personal financial advisors in Albany-Schenectady-Troy 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 | $63,120 |
| 25th Percentile Wage | $69,990 |
| 50th Percentile Wage | $115,520 |
| 75th Percentile Wage | $227,070 |
| 90th Percentile Wage | $197,940 |
Table 1 shows the average annual salary for personal financial advisors in Albany-Schenectady-Troy, New York in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $197,940. The median (50th percentile) annual salary is $115,520. The average annual salary for the bottom 10 percent earners is $63,120.
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 | $115,520 | -7.38% | 24.22% |
| 2021 | $124,040 | 30.80% | - |
| 2020 | $85,840 | 10.75% | - |
| 2019 | $76,610 | -16.26% | - |
| 2018 | $89,070 | 2.07% | - |
| 2017 | $87,230 | 1.63% | - |
| 2016 | $85,810 | 3.69% | - |
| 2015 | $82,640 | -1.31% | - |
| 2014 | $83,720 | -9.38% | - |
| 2013 | $91,570 | 4.40% | - |
| 2012 | $87,540 | - | - |
From Table 3 we note that the median annual salary of $115,520 in Albany-Schenectady-Troy is in the middle of salary range for personal financial advisors in state of New York. In comparison, the annual salary of personal financial advisors in Albany-Schenectady-Troy is 31.2 percent (31.2%) lower than that in the highest paying New York-Northern New Jersey-Long Island and 36.0 percent (36.0%) higher than that in the lowest paying Syracuse.