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Personal Financial Advisors in Massachusetts

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Personal Financial Advisors in Massachusetts

Want to work in Massachusetts as a Personal Financial Advisor? Read this first!

5.5% Jobs Projection
$82,060 Median Salary
640 Job Openings

You’re in luck! Jobs for Personal Financial Advisors in Massachusetts are projected to grow and these jobs tend to pay higher than average.

  • Projected employment for Personal Financial Advisors in Massachusetts is growing faster than average.

  • Personal Financial Advisors in Massachusetts earn higher salaries than the typical U.S. wage earner.

How Many Personal Financial Advisors Work in Massachusetts?

In 2018, there were 9,060 Personal Financial Advisors working in the state.

There were 7,350 Personal Financial Advisors employed in this state in 2017.

That’s growth of 1,710 jobs between 2017 and 2018.


The typical state has 1,820 Personal Financial Advisors working in it, which means Massachusetts has more Personal Financial Advisors than average.


Job Projections for Massachusetts

Jobs for Personal Financial Advisors in this state are growing at a rate of 5.5% which is slower than the nationwide estimated projection of 14.9%.


Massachusetts Annual Job Openings

The BLS is projecting 640 annual Personal Financial Advisors job openings in Massachusetts, and 8,370 total jobs in the year 2026.

Nationwide, the prediction is 25,500 annual jobs and 312,300 total jobs in 2026.

What do Personal Financial Advisors Make in Massachusetts?

In 2018 wages for Personal Financial Advisors ranged from $40,600 to $208,000 with $82,060 being the median annual salary.

Broken down to an hourly rate, workers in this field made anywhere from $19.52 to $100. The median hourly rate was $39.45.

Workers in this field were paid a median of $32.08 an hour in 2017.

The hourly rate grew by $7.37.

The median salary in Massachusetts is higher than the nationwide median salary.


Top Massachusetts 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
Boston-Cambridge-Nashua, MA-NH 8,740 $80,230
Providence-Warwick, RI-MA 900 $80,760
Worcester, MA-CT 300 $75,970
Springfield, MA-CT 170 $71,110
Barnstable Town, MA 160 $90,610

Top States for Personal Financial Advisors Employment

View the list below to see 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

You may also be interested in the following careers:

Occupation MA Employment Total

What Major Will Prepare You For a Personal Financial Advisor Career?


More about our data sources and methodologies.

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