Business & Finance Springfield, MA Pop. 155,929

Financial Advisor Salary in Springfield, Massachusetts

The median financial advisor salary in Springfield, MA is $100,160 per year, which is 5.0% above the national median and 26.1% below the Massachusetts state average.

City Median
$100,160
vs State Avg
$-35,294
vs National
+$4,770
Cost of Living
98%

Financial Advisor Salary in Springfield by Experience

In Springfield, an entry-level financial advisor earns around $50,400, while experienced professionals earn up to $189,000 per year. The local cost of living index is 98% of the national average.

Entry Level (0-2 yrs)
$50,400
+$2,400 vs national
Mid Level (3-7 yrs)
$99,750
+$4,750 vs national
Senior Level (8+ yrs)
$189,000
+$9,000 vs national

Salary Percentiles in Springfield, MA

Percentile Springfield
10th Percentile $46,620
25th Percentile $65,520
Median (50th) $100,160
75th Percentile $156,450
90th Percentile $250,950

Financial Advisor Salary in Other Massachusetts Cities

How to Become a Financial Advisor in Springfield

Education

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