The annual salary statistics of personal financial advisors in Syracuse, New York is shown in Table 1. The wage statistics of personal financial advisors in Syracuse 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 | $51,480 |
| 25th Percentile Wage | $60,610 |
| 50th Percentile Wage | $73,880 |
| 75th Percentile Wage | $159,660 |
| 90th Percentile Wage | $130,360 |
Table 1 shows the average annual salary for personal financial advisors in Syracuse, New York in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $130,360. The median (50th percentile) annual salary is $73,880. The average annual salary for the bottom 10 percent earners is $51,480.
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 | $73,880 | -19.64% | 6.88% |
| 2021 | $88,390 | 10.53% | - |
| 2020 | $79,080 | -1.10% | - |
| 2019 | $79,950 | 25.64% | - |
| 2018 | $59,450 | 16.62% | - |
| 2017 | $49,570 | 0.67% | - |
| 2016 | $49,240 | -51.95% | - |
| 2015 | $74,820 | -15.26% | - |
| 2014 | $86,240 | -9.20% | - |
| 2013 | $94,170 | 26.94% | - |
| 2012 | $68,800 | - | - |
From Table 3 we note that with a median annual salary of $73,880, Syracuse is the lowest paying city for personal financial advisors in state of New York, following city of New York-Northern New Jersey-Long Island (median annual salary of $167,850). Also we note that in comparison, the annual salary of personal financial advisors in Syracuse is about 56.0 percent (56.0%) lower than that of the highest paying city New York-Northern New Jersey-Long Island.