Personal Financial Advisor Salary in Massachusetts
State-level salary data from BLS OES and H-1B filings
Median Annual Salary (MA)
$125,670
$60.42/hr
vs National Average
$99,081
+26.8% vs national median
Salary Range (10th–90th)
$59K – $479K
Personal Financial Advisors in Massachusetts earn a median salary of $125,670 per year, which is 27% above the national average. This strong compensation reflects the state's robust financial services sector and high cost of living. Massachusetts consistently ranks among the top states for financial professional salaries, making it an attractive location for those pursuing this career.
Several factors influence Personal Financial Advisor salary in Massachusetts, including years of experience, professional certifications like CFP or CFA, and the size of client portfolios managed. Geographic location within the state matters too, with Boston and surrounding areas typically offering higher compensation than rural regions. Additionally, the type of employer—whether independent practice, boutique firm, or large financial institution—significantly impacts earning potential and benefits packages.
Salary Distribution — Personal Financial Advisor in Massachusetts
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $58,510 |
| 25th percentile | $83,810 |
| Median (50th percentile) | $125,670 |
| 75th percentile | $174,720 |
| 90th percentile | $478,850 |
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 Massachusetts 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 Massachusetts vs National
| Year | Median Salary (Massachusetts) |
|---|---|
| 2022 | $110,800 |
| 2023 | $99,930 |
| 2024 | $101,320 |
| 2025 | $125,670 |
| 2026 (projected) | $133,210 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Massachusetts Median | National Median |
|---|---|---|
| 2022 | $110,800 | $87,555 |
| 2023 | $99,930 | $92,738 |
| 2024 | $101,320 | $95,571 |
| 2025 | $125,670 | $99,081 |
| 2026 (projected) | $133,210 | $105,026 |
Personal Financial Advisor Salary by Experience Level in Massachusetts
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $83,810 |
| Mid-level | 3-5 yrs | $125,670 |
| Senior | 6-9 yrs | $174,720 |
| Staff / Lead | 10+ yrs | $478,850 |
Personal Financial Advisor Salary in Other States
Related Personal Financial Advisor Salaries in Massachusetts
How other high-demand occupations in Massachusetts compare to Personal Financial Advisor ($125,670 median).
| Occupation | Median Salary | vs Personal Financial Advisor | Hourly |
|---|---|---|---|
| Financial Manager in MA | $206,760 | +64.5% | $99.40/hr |
| Actuary in MA | $126,040 | +0.3% | $60.60/hr |
| Financial Examiner in MA | $111,110 | -11.6% | $53.42/hr |
| Financial Analyst in MA | $111,040 | -11.6% | $53.38/hr |
| Economist in MA | $106,380 | -15.3% | $51.14/hr |
| Compliance Officer in MA | $102,060 | -18.8% | $49.07/hr |
| Loan Officer in MA | $101,600 | -19.2% | $48.85/hr |
| Securities Sales Agent in MA | $100,310 | -20.2% | $48.23/hr |
| Tax Examiner in MA | $99,970 | -20.5% | $48.06/hr |
| Accountant in MA | $99,460 | -20.9% | $47.82/hr |
| Credit Analyst in MA | $97,080 | -22.8% | $46.67/hr |
| Budget Analyst in MA | $92,260 | -26.6% | $44.36/hr |
Frequently Asked Questions
How much do personal financial advisors make in Massachusetts?
- Personal financial advisors in Massachusetts earn a median salary of $125,670 per year, or $60 per hour. This is significantly higher than the national average, representing a 26.8% premium for working in the state.
What is the salary range for financial advisors in Massachusetts?
- The salary range for personal financial advisors in Massachusetts spans from $58,510 at the lower end to $478,850 at the upper end. This wide range reflects differences in experience, credentials, and client base size.
Is Massachusetts a better paying state for financial advisors than the national average?
- Yes, Massachusetts pays personal financial advisors 26.8% more than the national average, with a median salary of $125,670 compared to the national median. This makes Massachusetts one of the most lucrative states for this profession.
What hourly rate do financial advisors earn in Massachusetts?
- The median hourly rate for personal financial advisors in Massachusetts is $60 per hour, which equates to the median annual salary of $125,670. This hourly rate varies based on individual advisor experience and compensation structure.