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 Overview in Massachusetts (2026)
Massachusetts ranks #2 out of 50 states for financial advisor compensation. This places Massachusetts in the top tier nationally, making it one of the best states for financial advisors seeking high pay. At $135,454 per year, financial advisors in Massachusetts earn $40,064 more than the national median of $95,390.
It's worth noting that Massachusetts's cost of living is 135% of the national average, which reduces the real purchasing power of the $135,454 salary. After adjusting for cost of living, the effective salary is closer to $100,336.
The salary spread in Massachusetts is significant: financial advisors at the 10th percentile earn $63,048, while those at the 90th percentile bring home $339,380 — a $276,332 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Massachusetts for this role is Cambridge, where the median reaches $159,301.
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 Massachusetts and beyond.
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.
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View Offers You Qualify For →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 |
Financial Advisor Salary by City in Massachusetts
The largest employment areas for financial advisors in Massachusetts include Boston, Worcester, Springfield, and Cambridge. Salaries vary by city based on local cost of living and demand.
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.
Negotiate Your Way to Senior Pay
Data shows Financial Advisors who negotiate earn 7–15% more. A single negotiation could add $120,146 over your career trajectory.
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