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

Cambridge, MA
$159,301
Pop. 118,403
Worcester, MA
$111,606
Pop. 206,518
Lowell, MA
$106,837
Pop. 115,554
Springfield, MA
$100,160
Pop. 155,929

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.

Find Financial Advisor Jobs in Boston

Browse open financial advisor positions in Boston, MA:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Financial Advisor Salary in Boston

How much does a Financial Advisor make in Boston, MA? ▼
The median financial advisor salary in Boston, Massachusetts is $151,670 per year, which is 59.0% above the national median of $95,390. Salaries range from $70,596 (10th percentile) to $380,010 (90th percentile).
How much does a Financial Advisor make per hour in Boston? ▼
Based on the median annual salary of $151,670, a financial advisor in Boston earns approximately $73 per hour assuming a standard 2,080-hour work year.
How does Boston compare to the Massachusetts state average for financial advisor pay? ▼
Boston's median financial advisor salary of $151,670 is 12.0% above the Massachusetts state average of $135,454. The local cost of living index is 152% of the national average.
What is the cost of living in Boston, MA? ▼
Boston has a cost of living index of 152% compared to the national average. This means a financial advisor salary of $151,670 in Boston has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a financial advisor in Boston? ▼
Most financial advisor positions in Boston require a bachelor's degree. Key skills include Investment Planning, Portfolio Management, Tax Planning, Client Relations. The job market is projected to grow 13% nationally over the next decade.