Business & Finance New York City, NY Pop. 8,336,817

Financial Advisor Salary in New York City, New York

The median financial advisor salary in New York City, NY is $189,826 per year, which is 99.0% above the national median and 48.5% above the New York state average.

City Median
$189,826
vs State Avg
+$62,003
vs National
+$94,436
Cost of Living
187%

Financial Advisor Salary in New York City by Experience

In New York City, an entry-level financial advisor earns around $95,520, while experienced professionals earn up to $358,200 per year. The local cost of living index is 187% of the national average.

Entry Level (0-2 yrs)
$95,520
+$47,520 vs national
Mid Level (3-7 yrs)
$189,050
+$94,050 vs national
Senior Level (8+ yrs)
$358,200
+$178,200 vs national

Salary Percentiles in New York City, NY

Percentile New York City
10th Percentile $88,356
25th Percentile $124,176
Median (50th) $189,826
75th Percentile $296,510
90th Percentile $475,610

Financial Advisor Salary in Other New York Cities

Yonkers, NY
$140,223
Pop. 211,569
Albany, NY
$104,929
Pop. 99,224
Buffalo, NY
$99,206
Pop. 278,349
Rochester, NY
$97,298
Pop. 211,328

How to Become a Financial Advisor in New York City

Education

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

Find Financial Advisor Jobs in New York City

Browse open financial advisor positions in New York City, NY:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Financial Advisor Salary in New York City

How much does a Financial Advisor make in New York City, NY? ▼
The median financial advisor salary in New York City, New York is $189,826 per year, which is 99.0% above the national median of $95,390. Salaries range from $88,356 (10th percentile) to $475,610 (90th percentile).
How much does a Financial Advisor make per hour in New York City? ▼
Based on the median annual salary of $189,826, a financial advisor in New York City earns approximately $91 per hour assuming a standard 2,080-hour work year.
How does New York City compare to the New York state average for financial advisor pay? ▼
New York City's median financial advisor salary of $189,826 is 48.5% above the New York state average of $127,823. The local cost of living index is 187% of the national average.
What is the cost of living in New York City, NY? ▼
New York City has a cost of living index of 187% compared to the national average. This means a financial advisor salary of $189,826 in New York City has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a financial advisor in New York City? ▼
Most financial advisor positions in New York City 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.