How Much Do Personal Bankers Make?

Average Salaries

Personal financial advisers earned a national average wage of $91,220, based on 2010 BLS wage statistics. Advisers in the lower 10th percentile grossed an average wage of $32,660, while advisers in the lower 25th percentile earned $42,100. Financial advisers in the upper 25th percentile brought in an average wage of $111,990 compared to advisers in the upper 10th percentile, who earned $166,400 or more.

The BLS reports that personal bankers who work in the general investment field earned $107,520. Advisers in the securities and commodity contracts field make an average wage of $105,890. Advisers working for insurance companies earned an average $91,140 a year. Advisers who oversee employee benefit funds made $88,460 a year. Those who worked in sales or for credit card companies earned $76,850 a year.

Personal bankers working in the general investment field earned the highest, with annual salaries averaging $107,520. Those working in accounting, tax preparation, bookkeeping and payroll services were the second highest paid, earning an average wage of $107,270. Personal bankers working in the securities and commodity contracts industry earned the third highest wage followed by advisers working in the real estate sector, who earned an annual mean wage of $101,150. Personal bankers who worked with scientific and technical consulting services firms earned an average of $93,970 annually.

New York, California, Texas, Florida and Illinois employed the highest number of financial advisers based on BLS estimates. New York and California advisers earned annual mean wages of $136,310 and $89,770, respectively. Financial advisers working in Texas earned an average wage of $78,320, followed by Florida advisers who earned $68,240. Illinois advisers received a mean wage of $80,470.

Financial advisers working in New York earned the highest annual mean wage. Connecticut advisers received the second highest mean compensation of $119,770. Advisers in Massachusetts earned an annual mean wage of $118,400. Advisers in New Jersey and Pennsylvania earned mean wages of $99,560 and $98,800, respectively. Delaware and Utah advisers earned the two lowest annual mean wages. Delaware advisers earned $82,930, while Utah advisers earned $67,460, according to the BLS.