Business & Finance Albany, NY Pop. 99,224

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

New York City, NY
$189,826
Pop. 8,336,817
Yonkers, NY
$140,223
Pop. 211,569
Buffalo, NY
$99,206
Pop. 278,349
Rochester, NY
$97,298
Pop. 211,328

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.

Find Financial Advisor Jobs in Albany

Browse open financial advisor positions in Albany, NY:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Financial Advisor Salary in Albany

How much does a Financial Advisor make in Albany, NY? ▼
The median financial advisor salary in Albany, New York is $104,929 per year, which is 10.0% above the national median of $95,390. Salaries range from $48,840 (10th percentile) to $262,900 (90th percentile).
How much does a Financial Advisor make per hour in Albany? ▼
Based on the median annual salary of $104,929, a financial advisor in Albany earns approximately $50 per hour assuming a standard 2,080-hour work year.
How does Albany compare to the New York state average for financial advisor pay? ▼
Albany's median financial advisor salary of $104,929 is 17.9% below the New York state average of $127,823. The local cost of living index is 98% of the national average.
What is the cost of living in Albany, NY? ▼
Albany has a cost of living index of 98% compared to the national average. This means a financial advisor salary of $104,929 in Albany has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a financial advisor in Albany? ▼
Most financial advisor positions in Albany 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.