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Personal Financial Advisors Salary in Michigan
Last updated: 2025 BLS data · Page refreshed:
How much do Personal Financial Advisors make in Michigan?
Last updated: 2025 data from the Bureau of Labor Statistics
$77,930
Median Annual Salary
▼
-21.1% vs 2024
$121,890
Mean Salary
$77,930
Median Salary
$37.47
Hourly Rate
6,570 people work as Personal Financial Advisors in Michigan
Personal Financial Advisors salary by percentile in Michigan
BLS-reported salary distribution — from entry-level (10th percentile) to top earners (90th percentile).
Personal Financial Advisors in Michigan earn a median salary of $77,930 per year ($6,494/month).
This is 21.3% below the national average of $99,081.
Michigan ranks #42 out of 49 states for Personal Financial Advisors pay.
Approximately 6,570 people work in this occupation across Michigan.
Salaries decreased by 21.1% compared to 2024.
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)
Salary Range: Personal Financial Advisors in Michigan
Salaries for Personal Financial Advisors in Michigan range from $44,780 at the 10th percentile (entry level) to $288,860 at the 90th percentile (experienced). The middle 50% earn between $49,570 and $138,640.
How much do Personal Financial Advisors make in Michigan?
The median annual salary for Personal Financial Advisors in Michigan is $77,930 as of 2025. The average (mean) salary is $121,890.
What is the salary range for a Personal Financial Advisors in Michigan?
Salaries for Personal Financial Advisors in Michigan range from $44,780 at the 10th percentile to $288,860 at the 90th percentile. The middle 50% earn between $49,570 and $138,640.
What is the starting salary for a Personal Financial Advisors in Michigan?
Entry-level Personal Financial Advisors positions in Michigan typically start around $44,780 (10th percentile). With some experience, salaries rise to $49,570 (25th percentile).
How many people work as Personal Financial Advisors in Michigan?
According to 2025 BLS data, approximately 6,570 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 $37.47 per hour.
Salary data is sourced from the U.S. Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) survey, 2025 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.
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