Financial Advisor Salary in Maryland
The median financial advisor salary in Maryland is $109,699 per year, which is 15.0% above the national median of $95,390.
Financial Advisor Salary Overview in Maryland (2026)
Maryland ranks #8 out of 50 states for financial advisor compensation. This places Maryland in the top tier nationally, making it one of the best states for financial advisors seeking high pay. At $109,699 per year, financial advisors in Maryland earn $14,309 more than the national median of $95,390.
It's worth noting that Maryland's cost of living is 110% of the national average, which reduces the real purchasing power of the $109,699 salary. After adjusting for cost of living, the effective salary is closer to $99,726.
The salary spread in Maryland is significant: financial advisors at the 10th percentile earn $51,060, while those at the 90th percentile bring home $274,850 — a $223,790 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Maryland for this role is Silver Spring, where the median reaches $121,145.
Nationally, financial advisor employment is projected to grow 13% over the next decade (much faster than average). This strong growth suggests increasing demand and competitive salaries in Maryland and beyond.
Financial Advisor Salary in Maryland by Experience
In Maryland, an entry-level financial advisor earns around $55,200, while experienced professionals earn up to $207,000 per year. The cost of living index in Maryland is 110% of the national average.
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View Offers You Qualify For →Salary Percentiles in Maryland
| Percentile | MD Salary |
|---|---|
| 10th Percentile | $51,060 |
| 25th Percentile | $71,760 |
| Median (50th) | $109,699 |
| 75th Percentile | $171,350 |
| 90th Percentile | $274,850 |
Financial Advisor Salary by City in Maryland
The largest employment areas for financial advisors in Maryland include Baltimore, Columbia, Silver Spring, and Germantown. Salaries vary by city based on local cost of living and demand.
How to Become a Financial Advisor in Maryland
Education
Most financial advisor positions require a bachelor's degree. Maryland has several accredited institutions offering relevant programs.
Key Skills
Job Outlook in Maryland
Nationally, financial advisor employment is projected to grow 13% over the next decade (much faster than average). Maryland's demand may vary based on local industry trends.
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Data shows Financial Advisors who negotiate earn 7–15% more. A single negotiation could add $97,301 over your career trajectory.
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