Occupational Employment Statistics

Occupational Employment and Wages, May 2003

13-2052 Personal Financial Advisors

Advise clients on financial plans utilizing knowledge of tax and investment strategies, securities, insurance, pension plans, and real estate. Duties include assessing clients' assets, liabilities, cash flow, insurance coverage, tax status, and financial objectives to establish investment strategies.

National estimates for this occupation
Industry profile for this occupation
State profile for this occupation
Metropolitan area profile for this occupation

National estimates for this occupation: Top

Employment estimate and mean wage estimates for this occupation:

Employment (1) Employment
RSE (3)
Mean hourly
wage
Mean annual
wage (2)
Wage RSE (3)
85,670 3.6 % $38.12 $79,290 2.2 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $13.62 $18.42 $28.22 $48.75 (5)
Annual Wage (2) $28,330 $38,310 $58,700 $101,410 (5)

Industry profile for this occupation: Top

Industries with the highest levels of employment in this occupation:

Industry Employment Hourly mean wage Annual mean wage Employment rank Wage rank
Securities and commodity contracts brokerage 24,490 $42.07 $87,500 1 4
Depository credit intermediation 15,430 $32.07 $66,700 2 13
Management of companies and enterprises 4,210 $27.29 $56,770 3 18
Nondepository credit intermediation 3,330 $32.82 $68,270 4 12
Insurance carriers 2,470 $28.35 $58,960 5 17

Top paying industries for this occupation:

Industry Employment Hourly mean wage Annual mean wage Employment rank Wage rank
Accounting and bookkeeping services 1,490 $51.42 $106,960 7 1
Lessors of nonfinancial intangible assets 50 $46.92 $97,580 23 2
Other financial investment activities (6) $45.71 $95,080 (6) 3
Securities and commodity contracts brokerage 24,490 $42.07 $87,500 1 4
Grantmaking and giving services 460 $41.94 $87,240 12 5

State profile for this occupation: Top

States with the highest concentration of workers in this occupation:

State Employment Hourly mean wage Annual mean wage Percent of State employment Wage rank within State
New York 13,350 $48.40 $100,680 0.162% 30
Vermont 310 $28.61 $59,510 0.107% 59
Connecticut 1,730 $50.82 $105,710 0.105% 22
Rhode Island 490 $34.58 $71,930 0.103% 57
Pennsylvania 5,320 $36.55 $76,030 0.096% 30

Top paying States for this occupation:

State Employment Hourly mean wage Annual mean wage Percent of State employment Wage rank within State
Tennessee 730 $59.95 $124,690 0.028% 10
New Hampshire 450 $51.51 $107,140 0.074% 13
Connecticut 1,730 $50.82 $105,710 0.105% 22
New York 13,350 $48.40 $100,680 0.162% 30
Oregon 520 $47.25 $98,270 0.034% 12

Metropolitan area profile for this occupation: Top

Metropolitan areas with the highest concentration of workers in this occupation:

MSA Employment Hourly mean wage Annual mean wage Percent of MSA employment
Stamford-Norwalk, CT PMSA 610 $52.69 $109,590 0.305%
New York, NY PMSA 10,310 $50.85 $105,770 0.259%
West Palm Beach-Boca Raton, FL MSA 1,190 $40.57 $84,380 0.229%
Burlington, VT MSA 200 $28.58 $59,440 0.191%
Sacramento, CA PMSA 1,370 $28.87 $60,050 0.183%

Top paying Metropolitan areas for this occupation:

MSA Employment Hourly mean wage Annual mean wage Percent of MSA employment
Nashua, NH PMSA (6) (5) (5) (6)
Nashville, TN MSA (6) (5) (5) (6)
Youngstown-Warren, OH MSA (6) (5) (5) (6)
New Haven-Meriden, CT PMSA 130 $61.10 $127,100 0.051%
Dayton-Springfield, OH MSA 150 $59.88 $124,550 0.033%

About May 2003 National, State, and Metropolitan Area Occupational Employment and Wage Estimates

To see profiles of other occupations, select from the major groups below:

These estimates are calculated with data collected from employers in all industry sectors in metropolitan and non-metropolitan areas in every State and the District of Columbia. The top five employment and wage figures are provided above. The complete list is available in the downloadable Excel files(XLS).

Percentile wage estimates show the percentage of workers in an occupation that earn less than a given wage and the percentage that earn more. The median wage is the 50th percentile wage estimate—50 percent of workers earn less than the median and 50 percent of workers earn more than the median. More about percentile wages.


(1) Estimates for detailed occupations do not sum to the totals because the totals include occupations not shown separately. Estimates do not include self-employed workers.

(2) Annual wages have been calculated by multiplying the hourly mean wage by a "year-round, full-time" hours figure of 2,080 hours; for those occupations where there is not an hourly mean wage published, the annual wage has been directly calculated from the reported survey data.

(3) The relative standard error (RSE) is a measure of the reliability of a survey statistic. The smaller the relative standard error, the more precise the estimate.

(5) This wage is equal to or greater than $70.00 per hour or $145,600 per year.

(6) Estimates not released.

All Business and Financial Operations Occupations

2003 May National Occupational Employment and Wage Estimates

2003 May State Occupational Employment and Wage Estimates

2003 May Metropolitan Area Occupational Employment and Wage Estimates

2003 May National Industry-Specific Occupational Employment and Wage Estimates

List of Occupations in SOC Code Number Order

List of Occupations in Alphabetical Order

Download May 2003 Occupational Employment and Wage Estimates in Zipped Excel files

Technical notes

Last Modified Date: July 22, 2004

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