Business & Finance Bloomington, MN Pop. 89,987

Financial Advisor Salary in Bloomington, Minnesota

The median financial advisor salary in Bloomington, MN is $99,206 per year, which is 4.0% above the national median and 5.1% above the Minnesota state average.

City Median
$99,206
vs State Avg
+$4,770
vs National
+$3,816
Cost of Living
102%

Financial Advisor Salary in Bloomington by Experience

In Bloomington, an entry-level financial advisor earns around $49,920, while experienced professionals earn up to $187,200 per year. The local cost of living index is 102% of the national average.

Entry Level (0-2 yrs)
$49,920
+$1,920 vs national
Mid Level (3-7 yrs)
$98,800
+$3,800 vs national
Senior Level (8+ yrs)
$187,200
+$7,200 vs national

Salary Percentiles in Bloomington, MN

Percentile Bloomington
10th Percentile $46,176
25th Percentile $64,896
Median (50th) $99,206
75th Percentile $154,960
90th Percentile $248,560

Financial Advisor Salary in Other Minnesota Cities

How to Become a Financial Advisor in Bloomington

Education

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