Business & Finance Rochester, NY Pop. 211,328

Financial Advisor Salary in Rochester, New York

The median financial advisor salary in Rochester, NY is $97,298 per year, which is 2.0% above the national median and 23.9% below the New York state average.

City Median
$97,298
vs State Avg
$-30,525
vs National
+$1,908
Cost of Living
90%

Financial Advisor Salary in Rochester by Experience

In Rochester, an entry-level financial advisor earns around $48,960, while experienced professionals earn up to $183,600 per year. The local cost of living index is 90% of the national average.

Entry Level (0-2 yrs)
$48,960
+$960 vs national
Mid Level (3-7 yrs)
$96,900
+$1,900 vs national
Senior Level (8+ yrs)
$183,600
+$3,600 vs national

Salary Percentiles in Rochester, NY

Percentile Rochester
10th Percentile $45,288
25th Percentile $63,648
Median (50th) $97,298
75th Percentile $151,980
90th Percentile $243,780

Financial Advisor Salary in Other New York Cities

How to Become a Financial Advisor in Rochester

Education

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