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 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.
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 |
Major Cities for Financial Advisors in Minnesota
The largest employment areas for financial advisors in Minnesota include Minneapolis, Saint Paul, Rochester, and Duluth. Salaries in major metro areas may be higher due to increased demand and cost of living.
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.