Personal Financial Advisors Salary in Michigan

How much does a Personal Financial Advisors make in Michigan?

Last updated: 2024 data from the Bureau of Labor Statistics

$70,390

Median Annual Salary

$127,730

Mean Salary

$70,390

Median Salary

$33.84

Hourly Rate

7,860 people work as Personal Financial Advisors in Michigan

About This Job: Personal Financial Advisors

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 Personal Financial Advisors salary in Michigan adjusted for cost of living →

How much do you actually take home? See Personal Financial Advisors take-home pay in Michigan after taxes →

Personal Financial Advisors Salary by State

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

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Frequently Asked Questions

How much does a Personal Financial Advisors make in Michigan?

The median annual salary for a Personal Financial Advisors in Michigan is $70,390 as of 2024. The average (mean) salary is $127,730.

What is the starting salary for a Personal Financial Advisors in Michigan?

Entry-level Personal Financial Advisors positions in Michigan typically start around $45,300 (10th percentile). With some experience, salaries rise to $47,480 (25th percentile).

How many people work as Personal Financial Advisors in Michigan?

According to 2024 BLS data, approximately 7,860 people are employed as Personal Financial Advisors in Michigan.

What is the hourly rate for a Personal Financial Advisors in Michigan?

Based on a standard 2,080-hour work year, the median hourly rate for a Personal Financial Advisors in Michigan is approximately $33.84 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