Occupational Employment Statistics

Occupational Employment and Wages, November 2004

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)
102,120 2.9 % $39.93 $83,060 1.9 %

Percentile wage estimates for this occupation:

Percentile 10% 25% 50%
(Median)
75% 90%
Hourly Wage $15.07 $20.15 $30.03 $52.28 (5)
Annual Wage (2) $31,340 $41,920 $62,450 $108,740 (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
Other financial investment activities 32,500 $49.37 $102,700
Securities and commodity contracts brokerage 26,220 $39.59 $82,350
Depository credit intermediation 18,420 $31.65 $65,830
Insurance agencies, brokerages, and related 5,560 $37.16 $77,300
Nondepository credit intermediation 2,670 $30.87 $64,200

Top paying industries for this occupation:

Industry Employment Hourly mean wage Annual mean wage
Other financial investment activities 32,500 $49.37 $102,700
Accounting and bookkeeping services 1,710 $48.43 $100,730
Land subdivision 70 $42.28 $87,940
Securities and commodity exchanges 70 $40.54 $84,320
Activities related to real estate 210 $39.99 $83,190

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
New York 16,350 $52.18 $108,540 0.197%
Delaware 590 $35.04 $72,870 0.143%
Pennsylvania 6,230 $37.82 $78,670 0.113%
Florida 8,440 $35.51 $73,860 0.113%
Rhode Island 540 $27.65 $57,500 0.112%

Top paying States for this occupation:

State Employment Hourly mean wage Annual mean wage Percent of State employment
Hawaii 250 $63.53 $132,140 0.044%
Michigan 2,340 $54.82 $114,030 0.054%
New York 16,350 $52.18 $108,540 0.197%
New Jersey 3,870 $46.34 $96,380 0.099%
Kansas 770 $45.34 $94,310 0.059%

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
Jersey City, NJ PMSA 800 $44.97 $93,530 0.335%
New York, NY PMSA 13,100 $55.73 $115,920 0.327%
Stamford-Norwalk, CT PMSA 580 $44.69 $92,950 0.291%
Naples, FL MSA 270 $40.86 $85,000 0.224%
West Palm Beach-Boca Raton, FL MSA 1,170 $32.40 $67,390 0.218%

Top paying Metropolitan areas for this occupation:

MSA Employment Hourly mean wage Annual mean wage Percent of MSA employment
Detroit, MI PMSA 1,450 $67.32 $140,030 0.073%
Honolulu, HI MSA 210 $64.50 $134,160 0.050%
Montgomery, AL MSA 100 $59.04 $122,800 0.064%
Lawrence, MA-NH PMSA 80 $55.94 $116,360 0.051%
New York, NY PMSA 13,100 $55.73 $115,920 0.327%

About November 2004 National, State, and Metropolitan Area Occupational Employment and Wage Estimates

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.

All Business and Financial Operations Occupations

November 2004 National Occupational Employment and Wage Estimates

November 2004 State Occupational Employment and Wage Estimates

November 2004 Metropolitan Area Occupational Employment and Wage Estimates

November 2004 National Industry-Specific Occupational Employment and Wage Estimates

List of Occupations in SOC Code Number Order

List of Occupations in Alphabetical Order

Download November 2004 Occupational Employment and Wage Estimates in Zipped Excel files

Technical notes

Last Modified Date: November 9, 2005

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