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Occupational Employment and Wages, May 2017
13-2052 Personal Financial Advisors
Advise clients on financial plans using knowledge of tax and investment strategies, securities, insurance, pension plans, and real estate. Duties include assessing clients' assets, liabilities, cash flow, insurance coverage, tax status, and financial objectives.
National estimates for this occupation
Industry profile for this occupation
Geographic profile for this occupation
National estimates for this occupation: Top
Employment estimate and mean wage estimates for this occupation:
| Employment (1) |
Employment
RSE (3) |
Mean hourly
wage |
Mean annual
wage (2) |
Wage RSE (3) |
| 200,920 |
1.4 % |
$59.68 |
$124,140 |
1.0 % |
Percentile wage estimates for this occupation:
| Percentile |
10% |
25% |
50%
(Median) |
75% |
90% |
| Hourly Wage |
$19.62 |
$27.59 |
$43.58 |
$78.21 |
(5) |
| Annual Wage (2) |
$40,800 |
$57,380 |
$90,640 |
$162,680 |
(5) |
Industry profile for this occupation: Top
Industries with the highest published employment and wages for this occupation are provided.
For a list of all industries with employment in this occupation, see the Create Customized Tables function.
Industries with the highest levels of employment in this occupation:
| Industry |
Employment (1) |
Percent of industry employment |
Hourly mean wage |
Annual mean wage (2) |
| Securities, Commodity Contracts, and Other Financial Investments and Related Activities |
139,260 |
15.20 |
$64.38 |
$133,910 |
| Credit Intermediation and Related Activities (5221 And 5223 only) |
31,520 |
1.58 |
$49.83 |
$103,650 |
| Management of Companies and Enterprises |
6,910 |
0.30 |
$53.80 |
$111,910 |
| Agencies, Brokerages, and Other Insurance Related Activities |
6,720 |
0.60 |
$42.96 |
$89,350 |
| Insurance Carriers |
3,690 |
0.32 |
$43.95 |
$91,420 |
Industries with the highest concentration of employment in this occupation:
| Industry |
Employment (1) |
Percent of industry employment |
Hourly mean wage |
Annual mean wage (2) |
| Securities, Commodity Contracts, and Other Financial Investments and Related Activities |
139,260 |
15.20 |
$64.38 |
$133,910 |
| Other Investment Pools and Funds |
550 |
7.74 |
$50.42 |
$104,870 |
| Credit Intermediation and Related Activities (5221 And 5223 only) |
31,520 |
1.58 |
$49.83 |
$103,650 |
| Agencies, Brokerages, and Other Insurance Related Activities |
6,720 |
0.60 |
$42.96 |
$89,350 |
| Nondepository Credit Intermediation |
2,830 |
0.45 |
$54.39 |
$113,140 |
Top paying industries for this occupation:
| Industry |
Employment (1) |
Percent of industry employment |
Hourly mean wage |
Annual mean wage (2) |
| Securities, Commodity Contracts, and Other Financial Investments and Related Activities |
139,260 |
15.20 |
$64.38 |
$133,910 |
| Grantmaking and Giving Services |
140 |
0.10 |
$61.29 |
$127,470 |
| Other Professional, Scientific, and Technical Services |
390 |
0.06 |
$60.92 |
$126,720 |
| Nondepository Credit Intermediation |
2,830 |
0.45 |
$54.39 |
$113,140 |
| Management of Companies and Enterprises |
6,910 |
0.30 |
$53.80 |
$111,910 |
Geographic profile for this occupation: Top
States and areas with the highest published employment, location quotients, and wages for this occupation are provided.
For a list of all areas with employment in this occupation, see the Create Customized Tables function.
States with the highest employment level in this occupation:
| State |
Employment (1) |
Employment per thousand jobs |
Location quotient (9) |
Hourly mean wage |
Annual mean wage (2) |
| New York |
28,000 |
3.04 |
2.16 |
$79.86 |
$166,100 |
| California |
24,790 |
1.48 |
1.05 |
$67.84 |
$141,100 |
| Florida |
12,600 |
1.50 |
1.06 |
$60.91 |
$126,700 |
| Texas |
11,530 |
0.97 |
0.69 |
$53.67 |
$111,640 |
| Illinois |
10,650 |
1.80 |
1.27 |
$58.54 |
$121,750 |
States with the highest concentration of jobs and location quotients in this occupation:
| State |
Employment (1) |
Employment per thousand jobs |
Location quotient (9) |
Hourly mean wage |
Annual mean wage (2) |
| New York |
28,000 |
3.04 |
2.16 |
$79.86 |
$166,100 |
| Connecticut |
4,790 |
2.89 |
2.05 |
$65.92 |
$137,120 |
| Massachusetts |
7,350 |
2.08 |
1.48 |
$52.58 |
$109,370 |
| Illinois |
10,650 |
1.80 |
1.27 |
$58.54 |
$121,750 |
| Missouri |
4,980 |
1.79 |
1.27 |
$43.13 |
$89,710 |
Top paying States for this occupation:
| State |
Employment (1) |
Employment per thousand jobs |
Location quotient (9) |
Hourly mean wage |
Annual mean wage (2) |
| New York |
28,000 |
3.04 |
2.16 |
$79.86 |
$166,100 |
| California |
24,790 |
1.48 |
1.05 |
$67.84 |
$141,100 |
| Connecticut |
4,790 |
2.89 |
2.05 |
$65.92 |
$137,120 |
| District of Columbia |
520 |
0.74 |
0.52 |
$65.28 |
$135,770 |
| Maine |
370 |
0.62 |
0.44 |
$64.60 |
$134,380 |
<
Metropolitan areas with the highest employment level in this occupation:
| Metropolitan area |
Employment (1) |
Employment per thousand jobs |
Location quotient (9) |
Hourly mean wage |
Annual mean wage (2) |
| New York-Jersey City-White Plains, NY-NJ Metropolitan Division |
25,670 |
3.84 |
2.72 |
$82.42 |
$171,430 |
| Chicago-Naperville-Arlington Heights, IL Metropolitan Division |
8,360 |
2.28 |
1.62 |
$60.38 |
$125,590 |
| Los Angeles-Long Beach-Glendale, CA Metropolitan Division |
7,110 |
1.60 |
1.14 |
$62.87 |
$130,770 |
| Boston-Cambridge-Newton, MA NECTA Division |
6,260 |
3.40 |
2.42 |
$52.15 |
$108,480 |
| San Francisco-Redwood City-South San Francisco, CA Metropolitan Division |
4,510 |
4.04 |
2.87 |
$80.80 |
$168,060 |
| Atlanta-Sandy Springs-Roswell, GA |
4,000 |
1.53 |
1.08 |
$56.40 |
$117,300 |
| Houston-The Woodlands-Sugar Land, TX |
3,650 |
1.24 |
0.88 |
$49.29 |
$102,510 |
| Anaheim-Santa Ana-Irvine, CA Metropolitan Division |
3,430 |
2.12 |
1.51 |
$61.65 |
$128,220 |
| St. Louis, MO-IL |
3,320 |
2.45 |
1.74 |
$42.90 |
$89,240 |
| Dallas-Plano-Irving, TX Metropolitan Division |
3,250 |
1.30 |
0.92 |
$65.32 |
$135,860 |
<
Metropolitan areas with the highest concentration of jobs and location quotients in this occupation:
| Metropolitan area |
Employment (1) |
Employment per thousand jobs |
Location quotient (9) |
Hourly mean wage |
Annual mean wage (2) |
| Bridgeport-Stamford-Norwalk, CT |
2,720 |
6.55 |
4.65 |
$67.64 |
$140,690 |
| Nashua, NH-MA NECTA Division |
640 |
4.87 |
3.46 |
$45.59 |
$94,820 |
| San Francisco-Redwood City-South San Francisco, CA Metropolitan Division |
4,510 |
4.04 |
2.87 |
$80.80 |
$168,060 |
| San Rafael, CA Metropolitan Division |
440 |
3.86 |
2.74 |
$65.51 |
$136,260 |
| New York-Jersey City-White Plains, NY-NJ Metropolitan Division |
25,670 |
3.84 |
2.72 |
$82.42 |
$171,430 |
| Milwaukee-Waukesha-West Allis, WI |
2,890 |
3.43 |
2.44 |
$55.24 |
$114,900 |
| Boston-Cambridge-Newton, MA NECTA Division |
6,260 |
3.40 |
2.42 |
$52.15 |
$108,480 |
| Naples-Immokalee-Marco Island, FL |
440 |
3.10 |
2.20 |
$78.84 |
$163,980 |
| Montgomery County-Bucks County-Chester County, PA Metropolitan Division |
3,180 |
3.08 |
2.19 |
$53.82 |
$111,950 |
| Durham-Chapel Hill, NC |
900 |
3.01 |
2.14 |
$85.89 |
$178,650 |
<
Top paying metropolitan areas for this occupation:
| Metropolitan area |
Employment (1) |
Employment per thousand jobs |
Location quotient (9) |
Hourly mean wage |
Annual mean wage (2) |
| Montgomery, AL |
180 |
1.09 |
0.78 |
$101.32 |
$210,750 |
| Haverhill-Newburyport-Amesbury Town, MA-NH NECTA Division |
30 |
0.53 |
0.37 |
$91.72 |
$190,770 |
| Santa Fe, NM |
90 |
1.54 |
1.09 |
$90.65 |
$188,550 |
| North Port-Sarasota-Bradenton, FL |
530 |
1.84 |
1.31 |
$89.73 |
$186,650 |
| Lawrence-Methuen Town-Salem, MA-NH NECTA Division |
60 |
0.75 |
0.53 |
$87.36 |
$181,710 |
| Durham-Chapel Hill, NC |
900 |
3.01 |
2.14 |
$85.89 |
$178,650 |
| Oakland-Hayward-Berkeley, CA Metropolitan Division |
1,600 |
1.40 |
0.99 |
$83.71 |
$174,110 |
| Altoona, PA |
40 |
0.73 |
0.52 |
$83.55 |
$173,790 |
| College Station-Bryan, TX |
60 |
0.55 |
0.39 |
$83.15 |
$172,960 |
| New York-Jersey City-White Plains, NY-NJ Metropolitan Division |
25,670 |
3.84 |
2.72 |
$82.42 |
$171,430 |
Nonmetropolitan areas with the highest employment in this occupation:
Nonmetropolitan areas with the highest concentration of jobs and location quotients in this occupation:
Top paying nonmetropolitan areas for this occupation:
About May 2017 National, State, Metropolitan, and Nonmetropolitan Area Occupational Employment and Wage Estimates
These estimates are calculated with data collected from employers in all industry sectors, all metropolitan and nonmetropolitan areas, and all states and the District of Columbia.
The top employment and wage figures are provided above. The complete list is available in the downloadable XLS files.
The percentile wage estimate is the value of a wage below which a certain percent of workers fall.
The median wage is the 50th percentile wage estimate--50 percent of workers earn less than the median and 50 percent of workers earn more than the median.
More about percentile wages.
(1) Estimates for detailed occupations do not sum to the totals because the totals include occupations not shown separately. Estimates do not include self-employed workers.
(2) Annual wages have been calculated by multiplying the hourly mean wage by a "year-round, full-time" hours figure of 2,080 hours;
for those occupations where there is not an hourly wage published, the annual wage has been directly calculated from the reported survey data.
(3) The relative standard error (RSE) is a measure of the reliability of a survey statistic. The smaller the relative standard error, the more precise the estimate.
(5) This wage is equal to or greater than $100.00 per hour or $208,000 per year.
(8) Estimate not released.
(9) The location quotient is the ratio of the area concentration of occupational employment to the national average concentration.
A location quotient greater than one indicates the occupation has a higher share of employment than average, and a location quotient less than one indicates the occupation is less prevalent in the area than average.
Other OES estimates and related information:
May 2017 National Occupational Employment and Wage Estimates
May 2017 State Occupational Employment and Wage Estimates
May 2017 Metropolitan and Nonmetropolitan Area Occupational Employment and Wage Estimates
May 2017 National Industry-Specific Occupational Employment and Wage Estimates
May 2017 Occupation Profiles
Technical Notes
Last Modified Date: March 30, 2018
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