Personal Financial Advisors in Minnesota
Is Minnesota a good place for you to work as a Personal Financial Advisor?
You’re in luck! Jobs for Personal Financial Advisors in Minnesota are projected to grow and these jobs tend to pay higher than average.
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Projected employment for Personal Financial Advisors in Minnesota is growing faster than average.
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Personal Financial Advisors in Minnesota earn higher salaries than the typical U.S. wage earner.
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How Many Personal Financial Advisors Work in Minnesota?
In 2018, there were 3,720 Personal Financial Advisors working in the state.
There were 3,570 Personal Financial Advisors employed in this state in 2017.
That’s growth of 150 jobs between 2017 and 2018.
The typical state has 1,820 Personal Financial Advisors working in it, which means Minnesota has more Personal Financial Advisors than average.
Job Projections for Minnesota
Jobs for Personal Financial Advisors in this state are growing at a rate of 17.5% which is faster than the nationwide estimated projection of 14.9%.
Minnesota Annual Job Openings
The BLS estimates there will be 510 annual job openings, and 6,100 total jobs in 2026 for Personal Financial Advisors in this state.
Nationwide, the prediction is 25,500 annual jobs and 312,300 total jobs in 2026.
What do Personal Financial Advisors Make in Minnesota?
In 2018 wages for Personal Financial Advisors ranged from $43,690 to $188,170 with $79,010 being the median annual salary.
Broken down to an hourly rate, workers in this field made anywhere from $21.01 to $90.47. The median hourly rate was $37.98.
In 2017 the median pay for this field was $42.04 an hour.
The hourly rate declined by $4.06.
The median salary in Minnesota is higher than the nationwide median salary.
Top Minnesota 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 |
|---|---|---|
| Minneapolis-St. Paul-Bloomington, MN-WI | 3,110 | $80,360 |
| Fargo, ND-MN | 180 | $71,390 |
| Rochester, MN | 90 | $88,650 |
| St. Cloud, MN | 90 | $71,760 |
| Duluth, MN-WI | 90 | $100,010 |
| La Crosse-Onalaska, WI-MN | 80 | $100,750 |
| Grand Forks, ND-MN | 80 | $77,820 |
Top States for Personal Financial Advisors Employment
The table below shows the states 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 MN
Discover similar careers:
| Occupation | MN 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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