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Personal Financial Advisor

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AVG. SALARY

$116,890

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EDUCATION

Bachelor's degree

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JOB OUTLOOK

Increasing

Money & Outlook

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North Dakota Earnings

Average Annual Wage

$116,890

Entry Annual Wage

$46,420

Experienced Annual Wage

$239,200

Average Hourly Wage

$56.20

Entry Hourly Wage

$22.32

Experienced Hourly Wage

$115.00

Median Hourly Wage

$49.38

North Dakota Regional Earnings

North Dakota Metropolitan Areas Wages

Region Average Entry Level Experienced
Bismarck MSA $108,900 or $52.36/hr $47,270 or $22.73/hr $204,950 or $98.53/hr
Fargo ND-MN MSA $115,110 or $55.34/hr $50,480 or $24.27/hr $204,880 or $98.50/hr
Grand Forks ND-MN MSA $111,330 or $53.52/hr $38,260 or $18.39/hr $239,200 or $115.00/hr

North Dakota Geographical Areas Wages

Region Average Entry Level Experienced
East North Dakota nonmetropolitan area $127,950 or $61.51/hr $39,190 or $18.84/hr $239,200 or $115.00/hr
West North Dakota nonmetropolitan area $125,880 or $60.52/hr $39,190 or $18.84/hr $239,200 or $115.00/hr

North Dakota's Employment and Outlook (State-wide)

Outlook Increasing
Growth rate is estimated to be 22%
Job Openings 54 estimated annual job openings
Employment 594 were employed in this occupation
Industries Large concentrations of this occupation are found in these industries
  • Nondepository credit intermediation (NAICS522200) (1.98%)

North Dakota's Regional Employment and Outlook

Regions with increasing outlook (over 20% growth rate expected)

Region Employment Projected Growth Rate Annual Openings (growth) Annual Openings (replacement) Annual Openings
Region 1 28 29% 1 2 3
Region 5 270 29% 8 19 27
Region 7 105 23% 2 7 9

Regions with stable outlook (0 to 20% growth rate expected)

Region Employment Projected Growth Rate Annual Openings (growth) Annual Openings (replacement) Annual Openings
Region 6 28 14% 2 2

National Earnings

Average Annual Wage

$150,670

Average Hourly Wage

$72.44

Average Annual Range

$48,730 to $239,200

Note: variations in salaries reflect differences in size of firm, location, level of education and professional credentials.

Where do these numbers come from?


National Employment and Outlook

Outlook increasing
  The employment change from 2022 to 2032 is estimated to be +13%.
(The National average for all occupations is +3%)
Job Openings very small number
  A total of 2560 average annual openings are expected for this occupation between 2022 and 2032.
(The National Average for all occupations is 1,670 openings)
Employment medium occupation
  This was a medium sized occupation in the United States, employing 327,600 workers in 2022.
(The National average for all occupations is 147,916 workers)
Growth Much faster than average growth
  The primary driver of employment growth will be the aging population. As large numbers of baby boomers continue to retire, they are likely to seek planning advice from personal financial advisors. Also, longer lifespans will lead to longer retirement periods, further increasing demand for financial planning services. 
Industries Large concentrations of this occupation are found in these industries
  • Finance and insurance (NAICS520000) (83.2%)
  • Securities, commodity contracts, and other financial investments and related activities (NAICS523000) (62.9%)
  • Credit intermediation and related activities (NAICS522000) (16.5%)
  • Self-employed workers (12.2%)