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Personal Financial Advisor

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AVG. SALARY

$104,440

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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

$104,440

Entry Annual Wage

$37,520

Experienced Annual Wage

$206,680

Average Hourly Wage

$50.21

Entry Hourly Wage

$18.04

Experienced Hourly Wage

$99.37

Median Hourly Wage

$39.02

North Dakota Regional Earnings

North Dakota Metropolitan Areas Wages

Region Average Entry Level Experienced
Bismarck MSA $92,280 or $44.37/hr $36,940 or $17.76/hr $167,980 or $80.76/hr
Fargo ND-MN MSA $108,190 or $52.01/hr $46,160 or $22.19/hr $174,600 or $83.94/hr

North Dakota Geographical Areas Wages

Region Average Entry Level Experienced
East North Dakota nonmetropolitan area $103,170 or $49.60/hr $37,520 or $18.04/hr $239,200 or $115.00/hr
West North Dakota nonmetropolitan area $107,040 or $51.46/hr $37,520 or $18.04/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 57 estimated annual job openings
Employment 569 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 27 22% 1 2 3
Region 5 273 27% 7 22 29
Region 6 28 21% 1 2 3
Region 7 103 22% 2 8 10

Regions with decreasing outlook (negative growth rate expected)

Region Employment Projected Growth Rate Annual Openings (growth) Annual Openings (replacement) Annual Openings
Region 8 28 -7% 2 2

National Earnings

Average Annual Wage

$137,740

Average Hourly Wage

$66.22

Average Annual Range

$46,700 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 stable
  The employment change from 2021 to 2031 is estimated to be +15%.
(The National average for all occupations is +5%)
Job Openings very small number
  A total of 3050 average annual openings are expected for this occupation between 2021 and 2031.
(The National Average for all occupations is 1,757 openings)
Employment medium occupation
  This was a medium sized occupation in the United States, employing 330,300 workers in 2021.
(The National average for all occupations is 142,207 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) (76.8%)
  • Securities, commodity contracts, and other financial investments and related activities (NAICS523000) (58.6%)
  • Self-employed workers (18.9%)
  • Credit intermediation and related activities (NAICS522000) (14.7%)

Contact

  • Email Support
  • 1-800-GO-TO-XAP (1-800-468-6927)
    From outside the U.S., please call +1 (424) 750-3900
  • North Dakota Career Resource Network
    ndcrn@nd.gov | (701) 328-9733

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