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Personal Financial Advisors in Michigan

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Personal Financial Advisors in Michigan

Is Michigan a good place for you to work as a Personal Financial Advisor?

15.2% Jobs Projection
$73,050 Median Salary
530 Job Openings

You’re in luck! Jobs for Personal Financial Advisors in Michigan are projected to grow and these jobs tend to pay higher than average.

  • Projected employment for Personal Financial Advisors in Michigan is growing faster than average.

  • Personal Financial Advisors in Michigan earn higher salaries than the typical U.S. wage earner.

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.

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The typical state has 1,820 Personal Financial Advisors working in it, which means Michigan has more Personal Financial Advisors than average.

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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%.

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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.

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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

You may also be interested in the following careers:

Occupation MI Employment Total

References

More about our data sources and methodologies.

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