Business & Finance Miami, FL
Pop. 442,241
Financial Advisor Salary in Miami, Florida
The median financial advisor salary in Miami, FL is $112,560 per year, which is 18.0% above the national median and 20.4% above the Florida state average.
City Median
$112,560
vs State Avg
+$19,078
vs National
+$17,170
Cost of Living
118%
Financial Advisor Salary in Miami by Experience
In Miami, an entry-level financial advisor earns around $56,640, while experienced professionals earn up to $212,400 per year. The local cost of living index is 118% of the national average.
Entry Level (0-2 yrs)
$56,640
+$8,640 vs national
Mid Level (3-7 yrs)
$112,100
+$17,100 vs national
Senior Level (8+ yrs)
$212,400
+$32,400 vs national
Salary Percentiles in Miami, FL
| Percentile | Miami |
|---|---|
| 10th Percentile | $52,392 |
| 25th Percentile | $73,632 |
| Median (50th) | $112,560 |
| 75th Percentile | $175,820 |
| 90th Percentile | $282,020 |
Financial Advisor Salary in Other Florida Cities
How to Become a Financial Advisor in Miami
Education
Most financial advisor positions require a bachelor's degree. Miami and the surrounding Florida area have institutions offering relevant programs.
Key Skills
Investment PlanningPortfolio ManagementTax PlanningClient RelationsFinancial AnalysisCFA/CFP
Job Outlook
Nationally, financial advisor employment is projected to grow 13% over the next decade (much faster than average). Demand in Miami may vary based on local industry and population growth.