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Financial Advisor Salary in Minnesota

How much does a Financial Advisor make in Minnesota?

Last updated: 2024 data from the Bureau of Labor Statistics

$94,420
Median Annual Salary
$134,100
Mean Salary
$94,420
Median Salary
$45.39
Hourly Rate
6,360 people work as Financial Advisor in Minnesota

About This Job: Financial Advisor

Advise clients on financial plans using knowledge of tax and investment strategies, securities, insurance, pension plans, and real estate. Duties include assessing clients' assets, liabilities, cash flow, insurance coverage, tax status, and financial objectives. May also buy and sell financial assets for clients.

Top Skills

Reading Comprehension
4.0
Active Listening
4.0
Writing
4.0
Speaking
4.0
Critical Thinking
3.88

Key Knowledge Areas

Customer and Personal Service
4.48
Economics and Accounting
4.05
English Language
4.0
Mathematics
3.64
Psychology
3.48
Typical Education: Bachelor's Degree (52.2% of workers)

Source: O*NET OnLine, U.S. Department of Labor

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What does this salary really buy? See Financial Advisor salary in Minnesota adjusted for cost of living →

Financial Advisor Salary by State

Compare Financial Advisor pay across states — sorted by highest median salary.

New York $167,970 Idaho $136,440 California $128,650 Delaware $128,170 New Jersey $123,690 South Dakota $123,380 Maryland $122,510 Wisconsin $115,680 Washington $112,020 Connecticut $107,030

View all 50 states →

Related Careers in Minnesota

Explore similar occupations and their salaries in Minnesota.

Farm Labor ContractorsSimilar $49,490 Meeting, Convention, and Event PlannersSimilar $57,970 Credit CounselorsSimilar $58,640 Tax Examiners and Collectors, and Revenue AgentsSimilar $65,250 Tax PreparersSimilar $65,530 Agents and Business Managers of Artists, Performers, and AthletesSimilar $75,080 Training and Development SpecialistsSimilar $75,980 FundraisersSimilar $76,020 Human Resources SpecialistsSimilar $77,250 Business Operations Specialists, All OtherSimilar $77,340

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Frequently Asked Questions

How much does a Financial Advisor make in Minnesota?
The median annual salary for a Financial Advisor in Minnesota is $94,420 as of 2024. The average (mean) salary is $134,100.
What is the starting salary for a Financial Advisor in Minnesota?
Entry-level Financial Advisor positions in Minnesota typically start around $44,380 (10th percentile). With some experience, salaries rise to $68,600 (25th percentile).
How many people work as Financial Advisor in Minnesota?
According to 2024 BLS data, approximately 6,360 people are employed as Financial Advisor in Minnesota.
What is the hourly rate for a Financial Advisor in Minnesota?
Based on a standard 2,080-hour work year, the median hourly rate for a Financial Advisor in Minnesota is approximately $45.39 per hour.

Data Source & Methodology

Salary data is sourced from the U.S. Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) survey, 2024 estimates. The OEWS survey covers approximately 1.1 million establishments nationwide.

Annual salaries are calculated based on a standard 2,080-hour work year. Actual compensation may vary based on experience, education, employer, and local market conditions. Figures do not include benefits, bonuses, or overtime pay.

Our Methodology · Data Sources · Source: BLS OEWS