How much does a Financial Advisor make in New York City, NY?

The average salary for a Financial Advisor is $162,436 per year in New York City, NY. Salaries estimates are based on 13123 salaries submitted anonymously to Glassdoor by a Financial Advisor employees in New York City, NY.

The highest salary for a Financial Advisor in New York City, NY is $227,411 per year.

The lowest salary for a Financial Advisor in New York City, NY is $121,827 per year.

If you are thinking of becoming a Financial Advisor or planning the next step in your career, find details about the role, the career path and salary trajectory of a Financial Advisor.

Pay for financial advisors is similar to pay for financial analysts, budget analysts, and insurance underwriters. It is typically below the pay for investment banking analysts, investment analysts and hedge fund analysts. While a bachelor's degree is the minimum required qualification, a master's degree in a related field such as a mater's degree in business administration (MBA) may allow a financial advisor to attract more clients.

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Among financial advisors, roughly 71% report feeling satisfied with their current salary, according to anonymous ratings left by reviewers on Glassdoor. With a professional degree and experience in the industry, financial advisors can further increase their base salary.

Financial advisor total pay often falls within a broad range, from roughly $94,213.01 to $297,258.30. Compensation varies in this range, depending on the advisor's education, experience, and location. In high-paying areas, a well-qualified financial advisor with an established position may earn an average of $162,436.23 as they advance along the usual financial advisor career path.

Are you working as a financial advisor and looking to make more money? As you advance in your career you may be able to increase your earning potential with a four- or six-year degree in business, finance, or accounting. You might also earn a higher base pay if you have current certification as a CPA, CFP, EA, or other financial professional. Time and increasing seniority also tend to drive up financial advisors' pay rates, as most employers are willing to pay more for the work of an experienced financial professional. You might also transition into a generally higher-paid role as a financial analyst or accounting manager.

Whether you're looking for a new financial advisor job for more money, or you would like to negotiate a raise with your current employer, there are several ways you can boost your leverage at work and increase your base pay. Browse through as many financial advisor jobs as possible, trying to get a good variety of locations and employer types to maximize your options. If you're renegotiating your current salary, draw your employer's attention to the certifications and advanced education you may have earned in the time you've been working there. As a rule, employers are willing to pay financial advisors more with experience and specialist training.