Business & Finance Paterson, NJ Pop. 159,732

Financial Advisor Salary in Paterson, New Jersey

The median financial advisor salary in Paterson, NJ is $107,791 per year, which is 13.0% above the national median and 8.1% below the New Jersey state average.

City Median
$107,791
vs State Avg
$-9,539
vs National
+$12,401
Cost of Living
105%

Financial Advisor Salary in Paterson by Experience

In Paterson, an entry-level financial advisor earns around $54,240, while experienced professionals earn up to $203,400 per year. The local cost of living index is 105% of the national average.

Entry Level (0-2 yrs)
$54,240
+$6,240 vs national
Mid Level (3-7 yrs)
$107,350
+$12,350 vs national
Senior Level (8+ yrs)
$203,400
+$23,400 vs national

Salary Percentiles in Paterson, NJ

Percentile Paterson
10th Percentile $50,172
25th Percentile $70,512
Median (50th) $107,791
75th Percentile $168,370
90th Percentile $270,070

Financial Advisor Salary in Other New Jersey Cities

Jersey City, NJ
$129,730
Pop. 292,449
Edison, NJ
$117,330
Pop. 107,588
Newark, NJ
$114,468
Pop. 311,549
Elizabeth, NJ
$110,652
Pop. 137,298

How to Become a Financial Advisor in Paterson

Education

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

Find Financial Advisor Jobs in Paterson

Browse open financial advisor positions in Paterson, NJ:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Financial Advisor Salary in Paterson

How much does a Financial Advisor make in Paterson, NJ? ▼
The median financial advisor salary in Paterson, New Jersey is $107,791 per year, which is 13.0% above the national median of $95,390. Salaries range from $50,172 (10th percentile) to $270,070 (90th percentile).
How much does a Financial Advisor make per hour in Paterson? ▼
Based on the median annual salary of $107,791, a financial advisor in Paterson earns approximately $52 per hour assuming a standard 2,080-hour work year.
How does Paterson compare to the New Jersey state average for financial advisor pay? ▼
Paterson's median financial advisor salary of $107,791 is 8.1% below the New Jersey state average of $117,330. The local cost of living index is 105% of the national average.
What is the cost of living in Paterson, NJ? ▼
Paterson has a cost of living index of 105% compared to the national average. This means a financial advisor salary of $107,791 in Paterson has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a financial advisor in Paterson? ▼
Most financial advisor positions in Paterson 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.