The annual salary statistics of personal financial advisors in Philadelphia-Camden-Wilmington, Pennsylvania is shown in Table 1. The wage statistics of personal financial advisors in Philadelphia-Camden-Wilmington 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 | $60,220 |
| 25th Percentile Wage | $76,070 |
| 50th Percentile Wage | $106,550 |
| 75th Percentile Wage | $178,900 |
| 90th Percentile Wage | $194,850 |
Table 1 shows the average annual salary for personal financial advisors in Philadelphia-Camden-Wilmington, Pennsylvania in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $194,850. The median (50th percentile) annual salary is $106,550. The average annual salary for the bottom 10 percent earners is $60,220.
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 | $106,550 | 6.06% | 25.17% |
| 2021 | $100,090 | 24.35% | - |
| 2020 | $75,720 | 5.98% | - |
| 2019 | $71,190 | -9.95% | - |
| 2018 | $78,270 | -16.47% | - |
| 2017 | $91,160 | 0.61% | - |
| 2016 | $90,600 | -8.02% | - |
| 2015 | $97,870 | 8.45% | - |
| 2014 | $89,600 | 3.48% | - |
| 2013 | $86,480 | 7.81% | - |
| 2012 | $79,730 | - | - |
From Table 3 we note that the median annual salary of $106,550 in Philadelphia-Camden-Wilmington is in the middle of salary range for personal financial advisors in state of Pennsylvania. In comparison, the annual salary of personal financial advisors in Philadelphia-Camden-Wilmington is 17.8 percent (17.8%) lower than that in the highest paying Pittsburgh and 42.6 percent (42.6%) higher than that in the lowest paying East Central Pennsylvania nonmetropolitan area.