Business & Finance Cambridge, MA Pop. 118,403

Financial Advisor Salary in Cambridge, Massachusetts

The median financial advisor salary in Cambridge, MA is $159,301 per year, which is 67.0% above the national median and 17.6% above the Massachusetts state average.

City Median
$159,301
vs State Avg
+$23,847
vs National
+$63,911
Cost of Living
160%

Financial Advisor Salary in Cambridge by Experience

In Cambridge, an entry-level financial advisor earns around $80,160, while experienced professionals earn up to $300,600 per year. The local cost of living index is 160% of the national average.

Entry Level (0-2 yrs)
$80,160
+$32,160 vs national
Mid Level (3-7 yrs)
$158,650
+$63,650 vs national
Senior Level (8+ yrs)
$300,600
+$120,600 vs national

Salary Percentiles in Cambridge, MA

Percentile Cambridge
10th Percentile $74,148
25th Percentile $104,208
Median (50th) $159,301
75th Percentile $248,830
90th Percentile $399,130

Financial Advisor Salary in Other Massachusetts Cities

Boston, MA
$151,670
Pop. 675,647
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 Cambridge

Education

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

Find Financial Advisor Jobs in Cambridge

Browse open financial advisor positions in Cambridge, MA:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Financial Advisor Salary in Cambridge

How much does a Financial Advisor make in Cambridge, MA? ▼
The median financial advisor salary in Cambridge, Massachusetts is $159,301 per year, which is 67.0% above the national median of $95,390. Salaries range from $74,148 (10th percentile) to $399,130 (90th percentile).
How much does a Financial Advisor make per hour in Cambridge? ▼
Based on the median annual salary of $159,301, a financial advisor in Cambridge earns approximately $77 per hour assuming a standard 2,080-hour work year.
How does Cambridge compare to the Massachusetts state average for financial advisor pay? ▼
Cambridge's median financial advisor salary of $159,301 is 17.6% above the Massachusetts state average of $135,454. The local cost of living index is 160% of the national average.
What is the cost of living in Cambridge, MA? ▼
Cambridge has a cost of living index of 160% compared to the national average. This means a financial advisor salary of $159,301 in Cambridge has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a financial advisor in Cambridge? ▼
Most financial advisor positions in Cambridge 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.