Salary and Compensation Data
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Are you wondering what to expect as your financial planning career grows? Use these resources to learn about compensation in the field, the career potential you can expect, and where the profession is heading in the next few years. Plus, see how adding CFP® certification to your resume can improve your compensation potential and boost your firm’s revenue!
USA Today
In a January 2023 article, "From taxes to retirement: Everything you need to know about the evolving role of financial advisors," USA Today discusses how experienced financial advisors earn, on average, $192,000 a year. And if you’re just starting a career in financial services, you could earn between $50,000 and $70,000, depending on where you work and live.
U.S. News and World Report Job Rankings
The U.S. News and World Report annual Jobs Report consistently ranks financial advisors among the top business jobs. In the 2023 report, financial advisor is ranked #6 in Best Business Jobs and #21 in Best Jobs.
U.S. Bureau of Labor Statistics Outlook
The job outlook for careers in personal financial advising is very optimistic. The U.S. Bureau of Labor Statistics Occupational Outlook Handbook predicts above average growth of 13% through 2032. The Handbook provides additional information on personal financial advisors, like “What They Do” and “How to Become One.”
Aite Group Report
A comprehensive Aite Group Study seeks to identify and quantify differences between financial advisors who hold the CFP® certification and financial advisors who do not hold the CFP® certification. The study also compares advising practices that include CFP® professionals to those without CFP® professionals across a range of key metrics.
Guide to Careers in Financial Planning
CFP Board’s comprehensive career guide highlights typical career entry points and career tracks in financial planning, as well types of companies that employ financial planners. Also included are typical ranges of compensation at different stages of the financial planning career path, based on data from the 2020 InvestmentNews Adviser Compensation & Staffing Study.