Personal Financial Advisor Salary in Minnesota
Based on 5K+ workers in Minnesota
Median Annual Salary (MN)
$102,660
$49.36/hr
vs National Average
$99,081
+3.6% vs national median
Salary Range (10th–90th)
$48K – $311K
5K employed in Minnesota
Personal Financial Advisors in Minnesota earn a median salary of $102,660 per year, which is 4% above the national average. With approximately 5,280 professionals working in this field across the state, Minnesota offers competitive compensation for those helping clients manage their finances and plan for their futures.
Several factors influence personal financial advisor salary in Minnesota, including years of experience, professional certifications, and client base size. Advisors working in major metropolitan areas like Minneapolis-St. Paul typically command higher salaries, while compensation also varies based on whether advisors work for large institutions, smaller firms, or operate independently. Industry performance and individual productivity metrics also play significant roles in determining earnings potential.
Salary Distribution — Personal Financial Advisor in Minnesota
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $47,520 |
| 25th percentile | $68,470 |
| Median (50th percentile) | $102,660 |
| 75th percentile | $166,680 |
| 90th percentile | $310,730 |
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 Minnesota 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 Minnesota vs National
| Year | Median Salary (Minnesota) |
|---|---|
| 2022 | $85,420 |
| 2023 | $98,920 |
| 2024 | $94,420 |
| 2025 | $102,660 |
| 2026 (projected) | $108,820 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Minnesota Median | National Median |
|---|---|---|
| 2022 | $85,420 | $87,555 |
| 2023 | $98,920 | $92,738 |
| 2024 | $94,420 | $95,571 |
| 2025 | $102,660 | $99,081 |
| 2026 (projected) | $108,820 | $105,026 |
Personal Financial Advisor Salary by Experience Level in Minnesota
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $68,470 |
| Mid-level | 3-5 yrs | $102,660 |
| Senior | 6-9 yrs | $166,680 |
| Staff / Lead | 10+ yrs | $310,730 |
Personal Financial Advisor Salary in Other States
Related Personal Financial Advisor Salaries in Minnesota
How other high-demand occupations in Minnesota compare to Personal Financial Advisor ($102,660 median).
| Occupation | Median Salary | vs Personal Financial Advisor | Hourly |
|---|---|---|---|
| Financial Manager in MN | $163,410 | +59.2% | $78.56/hr |
| Actuary in MN | $128,100 | +24.8% | $61.59/hr |
| Economist in MN | $105,120 | +2.4% | $50.54/hr |
| Financial Examiner in MN | $104,260 | +1.6% | $50.13/hr |
| Financial Analyst in MN | $102,990 | +0.3% | $49.51/hr |
| Loan Officer in MN | $95,170 | -7.3% | $45.75/hr |
| Budget Analyst in MN | $85,970 | -16.3% | $41.33/hr |
| Compliance Officer in MN | $85,920 | -16.3% | $41.31/hr |
| Securities Sales Agent in MN | $83,350 | -18.8% | $40.07/hr |
| Tax Examiner in MN | $83,280 | -18.9% | $40.04/hr |
| Credit Analyst in MN | $82,630 | -19.5% | $39.73/hr |
| Accountant in MN | $81,600 | -20.5% | $39.23/hr |
Frequently Asked Questions
How much do personal financial advisors make in Minnesota?
- Personal financial advisors in Minnesota earn a median salary of $102,660 per year, or $49 per hour. This is 3.6% higher than the national average for this profession.
What is the salary range for financial advisors in Minnesota?
- The salary range for personal financial advisors in Minnesota spans from $47,520 at the lower end to $310,730 at the upper end, reflecting significant variation based on experience and performance.
Is Minnesota a good state for personal financial advisor jobs?
- Yes, Minnesota offers competitive compensation for personal financial advisors, paying 3.6% above the national average with a median of $102,660 annually. The state currently employs 5,280 personal financial advisors.
What do the top earning personal financial advisors make in Minnesota?
- The highest-earning personal financial advisors in Minnesota can make up to $310,730 per year, though the median salary is $102,660, indicating that top performers significantly exceed the average compensation.