DETAILED OCCUPATION DATA

13-2052 Personal Financial Advisors

Occupational Description:
Advise clients on financial plans using 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. May also buy and sell financial assets for clients. Excludes "Securities, Commodities, and Financial Services Sales Agents" (41-3031).

Occupational Employment Statistics(OES) Wage Data
Wages Updated to First Quarter, 2020
 Percentiles
GeographyEmploymentEmp SE*MeanMean SE*10th25thMedian75th90th
Northwest Minnesota 7029$28.92/hr$3.26/hr$14.26/hr$21.34/hr$27.51/hr$33.92/hr$38.25/hr
Minnesota 3,900371$53.41/hr$3.79/hr$21.81/hr$27.91/hr$38.76/hr$65.32/hr$81.00/hr
U S 210,1903,153$57.89/hr$0.64/hr$20.84/hr$28.04/hr$42.64/hr$74.97/hr$81.00/hr
*SE = Standard error, a measure of the statistical reliability of the estimate.


Leading Industries for Personal Financial Advisors
IndustryOES EmploymentOES Median Wage
Financial Activities70$27.51/hr
Other Regional Data For Personal Financial Advisors
Geography (click title for details)OESProjections
EmploymentMedian Wage% Change 2022 - 2032
Seven County Mpls-St Paul, MN 3,170 $40.80/hr 11.1%
Central Minnesota 210 $34.73/hr 15.5%
Northeast Minnesota 90 $41.24/hr 14.8%
Northwest Minnesota 70 $27.51/hr 16.5%
Southeast Minnesota N/A $33.16/hr 18.1%
Southwest Minnesota N/A $38.46/hr 15.3%
Related Occupations
Occupation
(click title for details)
OESProjections
EmploymentMedian Wage% Change 2022 - 2032
Cost Estimators250$24.10/hr1.7%
Credit Analysts100$31.13/hr-4.7%
Claims Adjusters, Examiners, and Investigators100$30.29/hr-4.8%
Bill and Account Collectors70$18.73/hr-8.6%
Tax PreparersN/A$23.52/hr1.4%
Tasks for Personal Financial Advisors