Financial Advisor Salary in Massachusetts
The median financial advisor salary in Massachusetts is $135,454 per year, which is 42.0% above the national median of $95,390.
Financial Advisor Salary in Massachusetts by Experience
In Massachusetts, an entry-level financial advisor earns around $68,160, while experienced professionals earn up to $255,600 per year. The cost of living index in Massachusetts is 135% of the national average.
Salary Percentiles in Massachusetts
| Percentile | MA Salary |
|---|---|
| 10th Percentile | $63,048 |
| 25th Percentile | $88,608 |
| Median (50th) | $135,454 |
| 75th Percentile | $211,580 |
| 90th Percentile | $339,380 |
Major Cities for Financial Advisors in Massachusetts
The largest employment areas for financial advisors in Massachusetts include Boston, Worcester, Springfield, and Cambridge. Salaries in major metro areas may be higher due to increased demand and cost of living.
How to Become a Financial Advisor in Massachusetts
Education
Most financial advisor positions require a bachelor's degree. Massachusetts has several accredited institutions offering relevant programs.
Key Skills
Job Outlook in Massachusetts
Nationally, financial advisor employment is projected to grow 13% over the next decade (much faster than average). Massachusetts's demand may vary based on local industry trends.