Business & Finance Boston, MA Pop. 675,647

Financial Advisor Salary in Boston, Massachusetts

The median financial advisor salary in Boston, MA is $151,670 per year, which is 59.0% above the national median and 12.0% above the Massachusetts state average.

City Median
$151,670
vs State Avg
+$16,216
vs National
+$56,280
Cost of Living
152%

Financial Advisor Salary in Boston by Experience

In Boston, an entry-level financial advisor earns around $76,320, while experienced professionals earn up to $286,200 per year. The local cost of living index is 152% of the national average.

Entry Level (0-2 yrs)
$76,320
+$28,320 vs national
Mid Level (3-7 yrs)
$151,050
+$56,050 vs national
Senior Level (8+ yrs)
$286,200
+$106,200 vs national

Salary Percentiles in Boston, MA

Percentile Boston
10th Percentile $70,596
25th Percentile $99,216
Median (50th) $151,670
75th Percentile $236,910
90th Percentile $380,010

Financial Advisor Salary in Other Massachusetts Cities

How to Become a Financial Advisor in Boston

Education

Most financial advisor positions require a bachelor's degree. Boston and the surrounding Massachusetts 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 Boston may vary based on local industry and population growth.