Financial Planner Salaries for Industries with the Highest Employment Levels

An industry that pays top wages but has very few jobs is a risky prospect for an entry-level financial advisor. While the financial investments industry is not even close to being the top paying industry for financial advisors, it is the highest paying of the five industries with the highest employment levels.  That means, while at a mean wage of $102,270 your pay won’t be the highest, you have a greater chance of landing a job because there are more jobs.

Of the five industries with the highest employment levels, the securities brokerage industry ranks number two at $100,200. Insurance activities ($86,790), company management ($76,970), and credit intermediation ($73,550) trail behind.

This chart displays annual mean salaries for Financial Planners in the U.S. The data was collected by the Bureau of Labor Statistics OES - May 2008.

 

Before you enter this highly competitive and lucrative career field, be sure you understand what a financial advisor does. Here’s a sample job description: A financial advisor advises clients on financial planning using his or her knowledge of tax and investments strategies, insurance, real estate, securities, and pension plans. To do this the financial advisor assesses the client’s assets, liabilities, tax status, cash flow, insurance coverage, financial obligations, and investment objectives. Typical tasks include building and maintaining a client base, interviewing clients, monitoring market trends, researching investment opportunities, explaining and interpreting financial information for clients, and recommending investment strategies. If these sound like tasks you would enjoy doing, and if you have a combination of strong analytical and interpersonal skills, this could be the right profession for you.

Related Charts for Financial Advisor Salaries:

Financial Planner Pay Scale - All Industries

Financial Planner Salaries - Popular Metropolitan Areas

Financial Advisor Salary Ranges - Popular Paying States

The bar graph above shows the average financial planner salary in industries with the highest employment levels. The data is displayed below in table format:

Industry	Annual Mean Wage
Financial Investments	107,270
Securities Brokerages	100,200
Credit Intermediation	73,550
Insurance Activities	86,790
Company Management	76,970