Personal Financial Advisor Salary in Indiana
Based on 5K+ workers in Indiana
Median Annual Salary (IN)
$87,710
$42.17/hr
vs National Average
$99,081
-11.5% vs national median
Salary Range (10th–90th)
$44K – $319K
5K employed in Indiana
Personal Financial Advisors in Indiana earn a median salary of $87,710 per year, which is approximately 11% below the national average. Indiana currently employs around 5,400 personal financial advisors across the state. While this represents a solid middle-class income, the state's compensation lags behind the national benchmark, reflecting regional economic differences and market demand variations.
Several factors influence personal financial advisor salary in Indiana, including years of experience, professional certifications, and the type of employer. Advisors working for larger financial institutions or managing higher asset volumes typically command higher compensation. Additionally, geographic location within Indiana, client base size, and specialization in areas like retirement planning or investment management can significantly impact earning potential, with salaries ranging from $44,150 to $319,330 annually.
Salary Distribution — Personal Financial Advisor in Indiana
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $44,150 |
| 25th percentile | $50,200 |
| Median (50th percentile) | $87,710 |
| 75th percentile | $164,000 |
| 90th percentile | $319,330 |
Top-Paying Industries for Personal Financial Advisor (U.S.)
Which industries pay Personal Financial Advisors the most — nationwide figures (industry-level data is not available by state). Personal Financial Advisors in Indiana tend to follow these industry patterns.
| Industry (U.S.) | Median Salary | Employed (U.S.) |
|---|---|---|
| Administrative and Support Services | $137,810 | — |
| Finance and Insurance | $106,810 | 248K |
| Professional, Scientific, and Technical Services | $99,320 | 9K |
| Management of Companies and Enterprises | $95,570 | 5K |
| Government (excl. schools, hospitals & USPS) | $76,940 | 310 |
Source: U.S. BLS OEWS National Industry-Specific estimates, May 2025. National figures (not state-specific).
Historical Salary Trend — Personal Financial Advisor in Indiana vs National
| Year | Median Salary (Indiana) |
|---|---|
| 2022 | $78,360 |
| 2023 | $95,410 |
| 2024 | $101,670 |
| 2025 | $87,710 |
| 2026 (projected) | $87,710 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Indiana Median | National Median |
|---|---|---|
| 2022 | $78,360 | $87,555 |
| 2023 | $95,410 | $92,738 |
| 2024 | $101,670 | $95,571 |
| 2025 | $87,710 | $99,081 |
| 2026 (projected) | $87,710 | $99,081 |
Personal Financial Advisor Salary by Experience Level in Indiana
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $50,200 |
| Mid-level | 3-5 yrs | $87,710 |
| Senior | 6-9 yrs | $164,000 |
| Staff / Lead | 10+ yrs | $319,330 |
Personal Financial Advisor Salary in Other States
Related Personal Financial Advisor Salaries in Indiana
How other high-demand occupations in Indiana compare to Personal Financial Advisor ($87,710 median).
| Occupation | Median Salary | vs Personal Financial Advisor | Hourly |
|---|---|---|---|
| Financial Manager in IN | $135,840 | +54.9% | $65.31/hr |
| Actuary in IN | $100,690 | +14.8% | $48.41/hr |
| Tax Examiner in IN | $92,410 | +5.4% | $44.43/hr |
| Budget Analyst in IN | $82,080 | -6.4% | $39.46/hr |
| Financial Analyst in IN | $81,760 | -6.8% | $39.31/hr |
| Financial Examiner in IN | $81,300 | -7.3% | $39.09/hr |
| Economist in IN | $80,750 | -7.9% | $38.82/hr |
| Compliance Officer in IN | $78,770 | -10.2% | $37.87/hr |
| Accountant in IN | $77,720 | -11.4% | $37.37/hr |
| Loan Officer in IN | $72,960 | -16.8% | $35.08/hr |
| Securities Sales Agent in IN | $68,290 | -22.1% | $32.83/hr |
| Credit Analyst in IN | $62,660 | -28.6% | $30.13/hr |
Frequently Asked Questions
How much do personal financial advisors make in Indiana?
- The median salary for personal financial advisors in Indiana is $87,710 per year, which equals approximately $42 per hour. This is 11.5% below the national average for this profession.
What is the salary range for financial advisors working in Indiana?
- Personal financial advisors in Indiana earn between $44,150 and $319,330 annually, depending on experience, clientele, and performance. This wide range reflects the earning potential based on individual success and career advancement.
Is the personal financial advisor salary in Indiana competitive compared to the nation?
- Indiana's median salary of $87,710 for personal financial advisors is 11.5% lower than the national average. However, Indiana employs 5,400 financial advisors, offering substantial job opportunities in the state.
What do entry-level personal financial advisors earn in Indiana?
- Entry-level personal financial advisors in Indiana typically start at around $44,150 annually, which is the lower end of the salary range. With experience and a growing client base, advisors can earn significantly more, up to $319,330 per year.