Personal Financial Advisors in Michigan
Is Michigan a good place for you to work as a Personal Financial Advisor?
You’re in luck! Jobs for Personal Financial Advisors in Michigan are projected to grow and these jobs tend to pay higher than average.
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Projected employment for Personal Financial Advisors in Michigan is growing faster than average.
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Personal Financial Advisors in Michigan earn higher salaries than the typical U.S. wage earner.
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How Many Personal Financial Advisors Work in Michigan?
In 2018, there were 5,210 Personal Financial Advisors working in the state.
There were 4,460 Personal Financial Advisors employed in this state in 2017.
That’s growth of 750 jobs between 2017 and 2018.
The typical state has 1,820 Personal Financial Advisors working in it, which means Michigan has more Personal Financial Advisors than average.
Job Projections for Michigan
Jobs for Personal Financial Advisors in this state are growing at a rate of 15.2% which is faster than the nationwide estimated projection of 14.9%.
Michigan Annual Job Openings
The BLS is projecting 530 annual Personal Financial Advisors job openings in Michigan, and 6,530 total jobs in the year 2026.
Nationwide, the prediction is 25,500 annual jobs and 312,300 total jobs in 2026.
What do Personal Financial Advisors Make in Michigan?
In 2018 wages for Personal Financial Advisors ranged from $33,440 to $208,000 with $73,050 being the median annual salary.
Broken down to an hourly rate, workers in this field made anywhere from $16.08 to $100. The median hourly rate was $35.12.
Workers in this field were paid a median of $36.68 an hour in 2017.
The hourly rate declined by $1.56.
The median salary in Michigan is higher than the nationwide median salary.
Top Michigan Metros for Personal Financial Advisors
The table below shows some of the metros in this state with the most Personal Financial Advisors.
| Metro | Number Employed | Annual Median Salary |
|---|---|---|
| Detroit-Warren-Dearborn, MI | 2,900 | $72,030 |
| Grand Rapids-Wyoming, MI | 610 | $66,030 |
| Kalamazoo-Portage, MI | 270 | $96,340 |
| Flint, MI | 230 | $54,030 |
| Ann Arbor, MI | 220 | $80,310 |
| Lansing-East Lansing, MI | 190 | $102,140 |
| South Bend-Mishawaka, IN-MI | 150 | $89,880 |
| Saginaw, MI | 100 | $78,460 |
| Niles-Benton Harbor, MI | 50 | $63,200 |
| Jackson, MI | 50 | $84,190 |
| Battle Creek, MI | 40 | $63,750 |
Top States for Personal Financial Advisors Employment
View the list below to see where most Personal Financial Advisors work.
| State | Number Employed | Annual Median Salary |
|---|---|---|
| New York | 26,710 | $136,830 |
| California | 24,890 | $96,490 |
| Florida | 14,080 | $90,460 |
| Texas | 10,830 | $88,220 |
| Massachusetts | 9,060 | $82,060 |
| Illinois | 8,940 | $88,760 |
| Pennsylvania | 8,590 | $78,470 |
| North Carolina | 7,010 | $97,960 |
| Ohio | 6,000 | $74,390 |
| Michigan | 5,210 | $73,050 |
| Missouri | 5,050 | $63,000 |
| Wisconsin | 4,730 | $88,590 |
| New Jersey | 4,700 | $107,250 |
| Georgia | 4,660 | $96,980 |
| Connecticut | 4,470 | $98,000 |
| Virginia | 4,370 | $83,220 |
| Maryland | 4,290 | $81,360 |
| Colorado | 4,010 | $85,120 |
| Indiana | 3,740 | $90,150 |
| Minnesota | 3,720 | $79,010 |
Below are the states where Personal Financial Advisors get paid the most:
| State | Annual Median Salary |
|---|---|
| New York | $136,830 |
| District of Columbia | $136,660 |
| New Jersey | $107,250 |
| Delaware | $101,920 |
| Maine | $101,550 |
| Washington | $99,960 |
| Connecticut | $98,000 |
| North Carolina | $97,960 |
| Georgia | $96,980 |
| California | $96,490 |
Related Careers in MI
You may also be interested in the following careers:
| Occupation | MI Employment Total |
|---|
References
- Bureau of Labor Statistics (BLS)
- College Factual
- National Center for Education Statistics
- O*NET Online
- Image Credit: By Dave Dugdale under License
More about our data sources and methodologies.
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