Business & Finance Albany, NY
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Financial Advisor Salary in Albany, New York
The median financial advisor salary in Albany, NY is $104,929 per year, which is 10.0% above the national median and 17.9% below the New York state average.
City Median
$104,929
vs State Avg
$-22,894
vs National
+$9,539
Cost of Living
98%
Financial Advisor Salary in Albany by Experience
In Albany, an entry-level financial advisor earns around $52,800, while experienced professionals earn up to $198,000 per year. The local cost of living index is 98% of the national average.
Entry Level (0-2 yrs)
$52,800
+$4,800 vs national
Mid Level (3-7 yrs)
$104,500
+$9,500 vs national
Senior Level (8+ yrs)
$198,000
+$18,000 vs national
Salary Percentiles in Albany, NY
| Percentile | Albany |
|---|---|
| 10th Percentile | $48,840 |
| 25th Percentile | $68,640 |
| Median (50th) | $104,929 |
| 75th Percentile | $163,900 |
| 90th Percentile | $262,900 |
Financial Advisor Salary in Other New York Cities
How to Become a Financial Advisor in Albany
Education
Most financial advisor positions require a bachelor's degree. Albany and the surrounding New York 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 Albany may vary based on local industry and population growth.