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

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.