Personal Financial Advisors Salary in Minneapolis, MN

Updated 2024 · Source: U.S. Bureau of Labor StatisticsUSD $

Median Salary

$110,000

Average Salary

$118,000

Salary Range

$61,000 - $147,000

Est. Employment*

4,900

*Employment figures are estimates based on national occupational data distributed across metro areas. Actual local numbers may vary.

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Salary Distribution

Top 10%
$147,000
75th Percentile
$132,000
Median
$110,000
25th Percentile
$83,000
Bottom 10%
$61,000

10th to 90th percentile range. Half of all personal financial advisors earn between $83,000 and $132,000.

About Personal Financial Advisors in Minneapolis

Personal Financial Advisors support organizational operations by analyzing financial data, managing business processes, and ensuring compliance with regulations. Their analytical skills help organizations make informed decisions and operate efficiently.

In Minneapolis, personal financial advisors benefit from a moderate cost of living that balances earnings with expenses. The area's major industries include Healthcare, Financial Services, Retail.

Key Skills

Financial AnalysisData AnalysisExcelCommunicationProblem SolvingAttention to Detail

Education

Bachelor's degree in business, finance, accounting, or a related field

A bachelor's degree is the minimum requirement for most positions. Professional certifications such as CPA, CFA, or PMP can significantly enhance career prospects and earning potential.

Tips to Earn More as a Personal Financial Advisors

1.Earn professional certifications relevant to your specialty (CPA, CFA, PMP)
2.Develop advanced Excel and data visualization skills
3.Learn business intelligence tools like Tableau or Power BI
4.Build expertise in regulatory compliance and risk management
5.Pursue a master's degree in business, finance, or analytics

Personal Financial Advisors Salary in Other Cities

CityMedianRangevs Minneapolis
San Francisco, CA$141,000$78,000 - $189,000+28%
San Jose, CA$138,000$76,000 - $185,000+25%
Seattle, WA$129,000$71,000 - $173,000+17%
Washington DC, DC$125,000$69,000 - $167,000+14%
Boston, MA$123,000$68,000 - $165,000+12%
New York, NY$122,000$67,000 - $163,000+11%
Los Angeles, CA$119,000$65,000 - $159,000+8%
San Diego, CA$114,000$63,000 - $152,000+4%
Austin, TX$113,000$62,000 - $151,000+3%
Denver, CO$112,000$62,000 - $150,000+2%
Honolulu, HI$111,000$61,000 - $148,000+1%
Sacramento, CA$109,000$60,000 - $146,000-1%
Hartford, CT$109,000$60,000 - $146,000-1%
Baltimore, MD$108,000$59,000 - $144,000-2%
Anchorage, AK$107,000$59,000 - $143,000-3%
Chicago, IL$106,000$58,000 - $142,000-4%
Portland, OR$106,000$58,000 - $142,000-4%
Philadelphia, PA$105,000$58,000 - $140,000-5%
Raleigh, NC$105,000$58,000 - $140,000-5%
Dallas, TX$103,000$57,000 - $138,000-6%
Houston, TX$101,000$56,000 - $135,000-8%
Atlanta, GA$100,000$60,000 - $130,000-9%
Charlotte, NC$98,000$59,000 - $127,000-11%
Salt Lake City, UT$98,000$59,000 - $127,000-11%
Kansas City, MO$98,000$59,000 - $127,000-11%
Milwaukee, WI$98,000$59,000 - $127,000-11%
Detroit, MI$97,000$58,000 - $126,000-12%
Columbus, OH$97,000$58,000 - $126,000-12%
Phoenix, AZ$96,000$58,000 - $125,000-13%
Nashville, TN$96,000$58,000 - $125,000-13%
Cincinnati, OH$96,000$58,000 - $125,000-13%
San Antonio, TX$95,000$57,000 - $124,000-14%
Pittsburgh, PA$95,000$57,000 - $124,000-14%
Richmond, VA$95,000$57,000 - $124,000-14%
Buffalo, NY$95,000$57,000 - $124,000-14%
Tampa, FL$94,000$56,000 - $122,000-15%
Orlando, FL$94,000$56,000 - $122,000-15%
Jacksonville, FL$94,000$56,000 - $122,000-15%
Miami, FL$93,000$56,000 - $121,000-15%
Las Vegas, NV$93,000$56,000 - $121,000-15%
Indianapolis, IN$93,000$56,000 - $121,000-15%
Cleveland, OH$93,000$56,000 - $121,000-15%
New Orleans, LA$93,000$56,000 - $121,000-15%
St. Louis, MO$92,000$55,000 - $120,000-16%
Vancouver, BC$92,000$55,000 - $120,000-16%
Memphis, TN$91,000$55,000 - $118,000-17%
Louisville, KY$91,000$55,000 - $118,000-17%
Toronto, ON$91,000$55,000 - $118,000-17%
Calgary, AB$90,000$54,000 - $117,000-18%
Oklahoma City, OK$89,000$53,000 - $116,000-19%
Tucson, AZ$88,000$53,000 - $114,000-20%
Birmingham, AL$87,000$52,000 - $113,000-21%
Edmonton, AB$85,000$51,000 - $110,000-23%
Ottawa, ON$84,000$50,000 - $109,000-24%
Hamilton, ON$79,000$47,000 - $103,000-28%
Montreal, QC$76,000$46,000 - $99,000-31%
Halifax, NS$75,000$45,000 - $98,000-32%
Quebec City, QC$74,000$44,000 - $96,000-33%
Winnipeg, MB$73,000$44,000 - $95,000-34%