Personal Financial Advisor

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AVG. SALARY

$114,900

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EDUCATION

Bachelor's degree

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JOB OUTLOOK

Stable

Money & Outlook

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North Dakota Earnings

Average Annual Wage

$114,900

Entry Annual Wage

$55,850

Experienced Annual Wage

$217,370

Average Hourly Wage

$55.24

Entry Hourly Wage

$26.85

Experienced Hourly Wage

$104.51

Median Hourly Wage

$47.59

North Dakota Regional Earnings

North Dakota Metropolitan Areas Wages

Region Average Entry Level Experienced
Bismarck MSA $108,000 or $51.92/hr $51,680 or $24.84/hr $195,450 or $93.97/hr
Fargo ND-MN MSA $109,520 or $52.65/hr $53,440 or $25.69/hr $190,400 or $91.54/hr
Grand Forks ND-MN MSA $96,500 or $46.39/hr $52,250 or $25.12/hr $137,040 or $65.89/hr

North Dakota Geographical Areas Wages

Region Average Entry Level Experienced
West North Dakota nonmetropolitan area $129,590 or $62.31/hr $51,540 or $24.78/hr $239,200 or $115.00/hr

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

Outlook Stable
Growth rate is estimated to be 20%
Job Openings 58 estimated annual job openings
Employment 676 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 2 65 22% 1 5 6
Region 5 237 24% 6 17 23
Region 7 176 21% 4 12 16

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

Region Employment Projected Growth Rate Annual Openings (growth) Annual Openings (replacement) Annual Openings
Region 1 34 9% 2 2
Region 4 59 14% 1 4 5
Region 6 32 19% 1 2 3

National Earnings

Average Annual Wage

$160,210

Average Hourly Wage

$77.02

Average Annual Range

$49,990 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 2023 to 2033 is estimated to be +17%.
(The National average for all occupations is +4%)
Job Openings very small number
  A total of 2700 average annual openings are expected for this occupation between 2023 and 2033.
(The National Average for all occupations is 1,724 openings)
Employment medium occupation
  This was a medium sized occupation in the United States, employing 321,000 workers in 2023.
(The National average for all occupations is 150,944 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) (80%)
  • Securities, commodity contracts, and other financial investments and related activities (NAICS523000) (60.1%)
  • Credit intermediation and related activities (NAICS522000) (16%)
  • Self-employed workers (13.2%)