Business & Finance Minneapolis, MN Pop. 429,954

Financial Advisor Salary in Minneapolis, Minnesota

The median financial advisor salary in Minneapolis, MN is $102,067 per year, which is 7.0% above the national median and 8.1% above the Minnesota state average.

City Median
$102,067
vs State Avg
+$7,631
vs National
+$6,677
Cost of Living
105%

Financial Advisor Salary in Minneapolis by Experience

In Minneapolis, an entry-level financial advisor earns around $51,360, while experienced professionals earn up to $192,600 per year. The local cost of living index is 105% of the national average.

Entry Level (0-2 yrs)
$51,360
+$3,360 vs national
Mid Level (3-7 yrs)
$101,650
+$6,650 vs national
Senior Level (8+ yrs)
$192,600
+$12,600 vs national

Salary Percentiles in Minneapolis, MN

Percentile Minneapolis
10th Percentile $47,508
25th Percentile $66,768
Median (50th) $102,067
75th Percentile $159,430
90th Percentile $255,730

Financial Advisor Salary in Other Minnesota Cities

Bloomington, MN
$99,206
Pop. 89,987
Saint Paul, MN
$97,298
Pop. 311,527
Rochester, MN
$95,390
Pop. 121,395
Duluth, MN
$87,759
Pop. 90,884

How to Become a Financial Advisor in Minneapolis

Education

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

Find Financial Advisor Jobs in Minneapolis

Browse open financial advisor positions in Minneapolis, MN:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Financial Advisor Salary in Minneapolis

How much does a Financial Advisor make in Minneapolis, MN? ▼
The median financial advisor salary in Minneapolis, Minnesota is $102,067 per year, which is 7.0% above the national median of $95,390. Salaries range from $47,508 (10th percentile) to $255,730 (90th percentile).
How much does a Financial Advisor make per hour in Minneapolis? ▼
Based on the median annual salary of $102,067, a financial advisor in Minneapolis earns approximately $49 per hour assuming a standard 2,080-hour work year.
How does Minneapolis compare to the Minnesota state average for financial advisor pay? ▼
Minneapolis's median financial advisor salary of $102,067 is 8.1% above the Minnesota state average of $94,436. The local cost of living index is 105% of the national average.
What is the cost of living in Minneapolis, MN? ▼
Minneapolis has a cost of living index of 105% compared to the national average. This means a financial advisor salary of $102,067 in Minneapolis has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a financial advisor in Minneapolis? ▼
Most financial advisor positions in Minneapolis 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.