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 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.
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 |
Major Cities for Financial Advisors in Maryland
The largest employment areas for financial advisors in Maryland include Baltimore, Columbia, Silver Spring, and Germantown. Salaries in major metro areas may be higher due to increased demand and cost of living.
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.