Financial Advisor Salary in Minnesota
The median financial advisor salary in Minnesota is $94,436 per year, which is 1% below the national median of $95,390.
Financial Advisor Salary Overview in Minnesota (2026)
Minnesota ranks #19 out of 50 states for financial advisor compensation. Minnesota falls in the middle of the pack for financial advisor pay, offering salaries near the national average. At $94,436 per year, financial advisors in Minnesota earn $954 less than the national median of $95,390.
Minnesota's cost of living is near the national average at 97%, meaning financial advisor salaries here translate closely to their face value in purchasing power.
The salary spread in Minnesota is significant: financial advisors at the 10th percentile earn $43,956, while those at the 90th percentile bring home $236,610 — a $192,654 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Minnesota for this role is Minneapolis, where the median reaches $102,067.
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 Minnesota and beyond.
Financial Advisor Salary in Minnesota by Experience
In Minnesota, an entry-level financial advisor earns around $47,520, while experienced professionals earn up to $178,200 per year. The cost of living index in Minnesota is 97% of the national average.
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See Investment Options →Salary Percentiles in Minnesota
| Percentile | MN Salary |
|---|---|
| 10th Percentile | $43,956 |
| 25th Percentile | $61,776 |
| Median (50th) | $94,436 |
| 75th Percentile | $147,510 |
| 90th Percentile | $236,610 |
Financial Advisor Salary by City in Minnesota
The largest employment areas for financial advisors in Minnesota include Minneapolis, Saint Paul, Rochester, and Duluth. Salaries vary by city based on local cost of living and demand.
How to Become a Financial Advisor in Minnesota
Education
Most financial advisor positions require a bachelor's degree. Minnesota has several accredited institutions offering relevant programs.
Key Skills
Job Outlook in Minnesota
Nationally, financial advisor employment is projected to grow 13% over the next decade (much faster than average). Minnesota'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 $83,764 over your career trajectory.
Get Negotiation Scripts — $197 →Open to Financial Advisor Roles in Minnesota?
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