Personal Financial Advisor Salary in Boston, MA: $117,251 (2024)
Official 2024 BLS Data | $56.37/hour | $79,134 - $175,985 range
Median Annual Salary
$117,251
Hourly Rate
$56.37
/hour
Jobs in Area
326
employed
Compare to Other Cities
See All →Boston, MA
$117,251
San Jose, CA
$135,570
in San Jose, CA
Personal Financial Advisor Salary Range in Boston, MA
Annual Salary Range
$79k
10th percentile
$94k
25th
$142k
75th
$176k
90th percentile
Salary Breakdown by Percentile
| Percentile | Annual Salary | Hourly Rate |
|---|---|---|
| 10th Percentile (Entry Level) | $79,134 | $38.05 |
| 25th Percentile | $94,037 | $45.21 |
| Median (50th Percentile) | $117,251 | $56.37 |
| 75th Percentile | $142,282 | $68.40 |
| 90th Percentile (Top Earners) | $175,985 | $84.61 |
| Average (Mean) | $125,441 | $60.31 |
Personal Financial Advisor Market Insights for Boston, MA
Compensation Overview
This metro area pays Personal Financial Advisors well above the national average, making it an attractive destination for professionals in this field. The local economy supports above-market compensation for this role.
Local Market Context
Boston, MA is a high cost-of-living metro area, which typically correlates with higher nominal salaries. While wages may appear higher, purchasing power should be carefully evaluated against housing, transportation, and everyday expenses in the Massachusetts market.
Cost of Living Impact
Cost of living adjustments reduce effective purchasing power by approximately 33% compared to national averages. When evaluating opportunities in Boston, MA, factor in higher expenses for housing and daily necessities.
Career Outlook
The Personal Financial Advisor profession offers diverse career opportunities across industries. Professional development and continuous learning are key factors in advancing within this field. With a 122% salary range from entry-level to top earners, there is substantial room for financial growth as you advance in your career.
Tips for Increasing Your Salary
- •Develop specialized expertise to command higher compensation—top earners make 50% more than median salaries
- •Build a professional network through industry associations and local business groups
- •Pursue relevant certifications or advanced education to demonstrate expertise
+18%
vs National Avg
+26%
vs State Avg
122%
Salary Range
326
Jobs in Area
Career Path & Salary Progression
Typical Personal Financial Advisor salary growth in Boston, MA based on experience level.
Entry Level
0-2 years10th percentile
$79,134
/year
Early Career
2-5 years25th percentile
$94,037
/year
Mid Career
5-10 years50th percentile
$117,251
/year
Senior
10-15 years75th percentile
$142,282
/year
Expert
15+ years90th percentile
$175,985
/year
Note: Career progression and salary growth vary based on company size, industry, skills, and performance. These estimates use percentile data from the BLS as a general guide for typical career paths.
Personal Financial Advisor Job Market in Boston, MA
Where Personal Financial Advisors Work
Personal Financial Advisors work across multiple industries including corporations, government agencies, healthcare organizations, and consulting firms. Each sector offers different compensation structures and career trajectories.
Local Employment Landscape
Employment in this occupation is more limited in Boston, MA compared to larger metros. Professionals may find opportunities concentrated among fewer employers, making employer research and networking particularly valuable.
Types of Employers Hiring
Large Corporations
Typically offer comprehensive benefits, structured advancement, and competitive base salaries with bonus potential
Small to Medium Businesses
May provide more responsibility earlier in your career, flexible work arrangements, and equity opportunities
Government Agencies
Known for job security, excellent benefits packages, pension plans, and work-life balance
Professional Services Firms
Provide client exposure, rapid skill development, and often above-market compensation for top performers
Skills That Increase Earning Potential
Job Search Strategy for Boston, MA
- •Research major employers in the Boston-Cambridge-Newton area and follow them on LinkedIn for job alerts
- •Join local professional associations for networking and job leads specific to Massachusetts
- •Tailor your salary expectations based on the Boston, MA market rate of $117,251
- •Consider roles at varying experience levels—entry positions start at $79,134 in this market
Personal Financial Advisor Career Overview in Boston, MA
The job market for Personal Financial Advisors in Boston, MA is emerging, with approximately 326 professionals employed across the metropolitan area. This represents a growing presence of Personal Financial Advisor positions, reflecting the region's economic base and employer diversity in Boston, MA. Employers here pay a premium of 18% above the national median, signaling strong local demand that outpaces supply.
Boston, MA's diverse economy supports business & finance roles across multiple sectors including healthcare, education, government, technology, manufacturing, and professional services. Major employers in Massachusetts range from large corporations and hospital systems to mid-size regional firms and growing startups. This employer diversity provides career stability and mobility, as professionals can advance their careers without necessarily relocating. The mix of public and private sector opportunities also creates varied compensation structures, with some employers offering lower base salaries but stronger benefits and job security.
The growth outlook for Personal Financial Advisor positions in Boston, MA is projected to remain stable with opportunities tied to local economic growth and industry trends. With 326 current positions and a median salary of $117,251, the market provides a solid foundation for career development. Professionals who invest in continuing education and stay current with industry developments position themselves for both job security and upward salary mobility. The combination of Boston, MA's economic trajectory and broader industry trends suggests that qualified Personal Financial Advisors will continue to find opportunities in this market over the coming years.
When comparing Boston, MA to other metros for Personal Financial Advisor careers, the high cost of living (index: 148.4) is an important factor. The nominal median salary of $117,251 translates to roughly $79,010 in purchasing power after adjusting for local costs. This means that despite the higher paycheck, Personal Financial Advisors here may find their dollars stretch less far than peers in more affordable metros. Professionals weighing relocation should run a full cost-of-living comparison that accounts for housing, taxes, transportation, and childcare before making a decision based on salary alone.
The Business & Finance field in Boston, MA benefits from the region's broader economic ecosystem. Local industry associations, professional networking groups, and continuing education opportunities through area universities and community colleges help Personal Financial Advisors stay connected and advance their careers. Massachusetts's business incentive programs and workforce development initiatives also play a role in attracting employers and creating positions. For Personal Financial Advisors early in their career, Boston, MA offers the chance to build a professional network in a market where individual contributions are often more visible than in the largest metros, potentially accelerating career progression.
Personal Financial Advisor Compensation Deep Dive in Boston, MA
The salary range for Personal Financial Advisors in Boston, MA spans from $79,134 at the entry level (10th percentile) to $175,985 for top earners (90th percentile), a spread of $96,851. This 122% differential reflects the significant impact that experience, specialization, credentials, and employer type have on compensation in this field. The median salary of $117,251 sits at the midpoint of the market, representing what a Personal Financial Advisor with moderate experience and standard qualifications can expect. The 25th percentile ($94,037) typically corresponds to early-career professionals with 1-3 years of experience, while the 75th percentile ($142,282) reflects seasoned professionals with specialized skills or management responsibilities.
Base salary tells only part of the compensation story for Personal Financial Advisors in Boston, MA. Total compensation packages commonly include health insurance (valued at $6,000-$15,000 annually for employer contributions), retirement plan matching (typically 3-6% of salary, worth $4,690 per year at the median), paid time off (averaging 15-20 days), and in some cases performance bonuses, stock options, or professional development allowances. When evaluating job offers, Personal Financial Advisors should request a total compensation breakdown. A position paying $94,037 with strong benefits may deliver more value than one paying $117,251 with minimal perks.
Cost of living directly impacts how far a Personal Financial Advisor's salary goes in Boston, MA. With a local cost-of-living index of 148.4 (where 100 equals the national average), the median salary of $117,251 provides purchasing power equivalent to approximately $79,010 in an average-cost U.S. city. This means everyday expenses, especially housing, consume a larger share of income here. Personal Financial Advisors should factor in rent or mortgage costs (which may account for 30-40% of gross income) when evaluating offers.
Negotiating Personal Financial Advisor compensation in Boston, MA requires market awareness. The gap between the 25th and 75th percentiles ($94,037 to $142,282) represents the most common negotiation range. Candidates with in-demand certifications, niche expertise, or competing offers have the strongest leverage. In this market, employers already pay above-average rates, so negotiation gains may be more incremental. Asking for a salary review after 6-12 months, signing bonuses, or additional PTO are effective alternatives when base salary flexibility is limited. On an hourly basis, Personal Financial Advisors in this market earn between $38 and $85 per hour, with the median at $56.
Personal Financial Advisor Career Path & Growth in Boston, MA
The career trajectory for Personal Financial Advisors in Boston, MA shows significant earning potential over time. Entry-level professionals start around $79,134, while top earners reach $175,985, representing a 2.2x increase from start to peak. This progression typically unfolds over 10-20 years and is driven by accumulating expertise, taking on leadership responsibilities, developing specializations, and building a professional reputation. In Boston, MA's business & finance market, professionals who demonstrate consistent performance improvements and take on increasingly complex projects advance most quickly. Mid-career transitions into management, consulting, or entrepreneurship can also accelerate earnings beyond the standard progression curve.
Personal Financial Advisors in Boston, MA who are exploring career pivots or complementary roles should consider positions such as related professionals in the same field, supervisory roles, and cross-functional positions. These adjacent occupations often share transferable skills and can offer different compensation structures, work environments, or growth trajectories. In Boston, MA's job market, professionals who develop cross-functional capabilities spanning multiple related roles tend to be more resilient to market shifts and better positioned for leadership opportunities. Lateral moves can also provide valuable perspective that strengthens a professional's long-term career trajectory.
The skills most in demand for Personal Financial Advisors in Boston, MA include industry-specific technical competencies, communication and collaboration skills, analytical thinking, and adaptability to new tools and processes. Employers in Boston, MA value professionals who combine deep subject-matter expertise with the ability to work effectively across teams and adapt to evolving industry requirements. Pursuing relevant professional certifications can provide a measurable salary boost of 5-15% and signal commitment to the field. Continuous learning through industry conferences, online courses, and professional associations helps Personal Financial Advisors stay competitive in Boston, MA's evolving job market.
More Questions About Personal Financial Advisor Salaries in Boston, MA
What is the starting salary for a Personal Financial Advisor in Boston, MA?
Entry-level Personal Financial Advisors in Boston, MA (10th percentile) earn approximately $79,134 per year, or about $6,595 per month. The 25th percentile, representing early-career professionals with some experience, earns $94,037. These figures reflect base salary only; new hires may also receive benefits worth an additional 20-30% of base pay. Building specialized skills and pursuing relevant certifications are the fastest paths to moving beyond entry-level compensation.
How much do experienced Personal Financial Advisors make in Boston, MA?
Experienced Personal Financial Advisors at the 75th percentile earn $142,282 annually in Boston, MA, while top earners at the 90th percentile make $175,985. The jump from median ($117,251) to 75th percentile represents a 21% increase, typically achieved through 5-10 years of experience, management responsibilities, or specialized expertise. Senior professionals who combine technical depth with leadership skills are best positioned for top-tier compensation.
Is Boston, MA a good city for Personal Financial Advisors?
Boston, MA pays Personal Financial Advisors well above the national average (18% more), making it an attractive market for this profession. With 326 Personal Financial Advisor positions in the metro area, the market is smaller but can offer less competition and more personal career development. Quality of life, industry presence, and long-term career trajectory should all factor into your evaluation alongside salary data.
How does Personal Financial Advisor pay in Boston, MA compare to the national average?
The median Personal Financial Advisor salary in Boston, MA is $117,251, which is 18% higher than the national median of $99,580. After adjusting for cost of living, the effective purchasing power is $79,010, which provides a more accurate comparison. Within Massachusetts, Boston, MA ranks among the higher-paying metros for this occupation.
What benefits do Personal Financial Advisors typically receive in Boston, MA?
Beyond base salary, Personal Financial Advisors in Boston, MA typically receive health insurance (medical, dental, vision), retirement contributions (401k matching of 3-6%), paid time off (15-25 days annually), and sometimes performance bonuses or profit sharing. The total value of benefits often adds 25-35% on top of base salary, meaning a Personal Financial Advisor earning the median of $117,251 may receive total compensation of $152,426 or more. Some employers also offer tuition reimbursement, professional development budgets, flexible work arrangements, and wellness programs.
What skills are most in demand for Personal Financial Advisors in Boston, MA?
Personal Financial Advisors in Boston, MA who command the highest salaries typically combine core technical competencies with strong communication skills, analytical thinking, adaptability, and a commitment to professional development. Employers in this market particularly value professionals who can demonstrate measurable impact, whether through revenue generation, cost savings, process improvements, or team leadership. Certifications relevant to the Business & Finance field can increase earning potential by 5-15%. Staying current with industry trends and emerging technologies is essential for career advancement and salary growth.
Frequently Asked Questions
The median personal financial advisor salary in Boston, MA is $117,251 per year ($56.37/hour) as of 2026. This is based on official U.S. Bureau of Labor Statistics data. Salaries range from $79,134 for entry-level positions to $175,985 for experienced professionals in the top 10%.
Entry-level personal financial advisors in Boston, MA typically start at around $79,134 per year ($38.05/hour), representing the 10th percentile. New graduates and those with less than 2 years of experience fall into this range. With experience and skill development, salaries can progress to the median of $117,251 within 3-5 years.
Personal Financial Advisors in Boston, MA earn a median hourly wage of $56.37 per hour. Hourly rates range from $38.05/hour at entry-level (10th percentile) to $84.61/hour for top earners (90th percentile). Based on a standard 2,080-hour work year, this translates to annual salaries between $79,134 and $175,985.
The median personal financial advisor salary of $117,251 in Boston, MA is well above the national median of $99,580 (17.7% higher). However, the cost of living is 48% above the national average, which affects purchasing power. This salary places you at the 50th percentile, meaning half of personal financial advisors in the area earn more and half earn less.
Personal Financial Advisors in Boston, MA earn well above the national average. The local median salary of $117,251 is 17.7% higher than the national median of $99,580. However, the cost of living is 48% above the national average, which affects purchasing power. When adjusted for cost of living, the effective salary is approximately $79,010.
The top 10% of personal financial advisors in Boston, MA earn $175,985 or more per year ($84.61/hour). These top earners typically have 10+ years of experience, advanced certifications, specialized expertise, or hold senior/management positions. The 75th percentile earns $142,282, which is a realistic goal for mid-career professionals.
Key skills that can boost personal financial advisor salary in Boston, MA include: Strong communication and interpersonal abilities, Problem-solving and critical thinking, Technical proficiency relevant to the field, Attention to detail and organizational skills. Professionals with these skills often earn above the median of $117,251, potentially reaching the 75th percentile ($142,282) or higher. Years of relevant experience
Boston, MA has a specialized job market for personal financial advisors, with approximately 326 professionals employed in the area. The median salary of $117,251 is well above the national average. However, the cost of living is 48% above the national average, which affects purchasing power. Job seekers should consider both salary and local industry demand when evaluating opportunities.
Compare your personal financial advisor salary to these Boston, MA benchmarks: 10th percentile (entry-level): $79,134, 25th percentile: $94,037, 50th percentile (median): $117,251, 75th percentile: $142,282, 90th percentile (top earners): $175,985. If you earn more than $117,251, you're above average for the area.
Beyond the $117,251 median base salary, personal financial advisors in Boston, MA typically receive comprehensive benefits including health insurance (medical, dental, vision), retirement plans (401k with employer matching), paid time off (15-25 days), and potentially bonuses or profit-sharing. Total compensation including benefits typically adds 25-40% to base salary value.
Experienced personal financial advisors with 5-10 years in Boston, MA typically earn $142,282 (75th percentile) to $175,985 (90th percentile) per year. Senior professionals with 10+ years, certifications, or management roles can reach the top 10% at $175,985. Mid-career professionals (3-5 years) usually earn around the median of $117,251.
Personal Financial Advisors in Boston, MA can see significant salary growth over their careers. Entry-level ($79,134) to median ($117,251) typically takes 3-5 years. Reaching the 90th percentile ($175,985) may take 10+ years and often requires specialized skills, certifications, or leadership experience. That's a potential growth of $96,851 over a career.
Data Source & Methodology
Official government statistics you can trust
U.S. Bureau of Labor Statistics
Occupational Employment and Wage Statistics (OEWS) Program
Visit Official BLS WebsiteData Year
2024
2 Years Old
Geographic Area
Boston-Cambridge-Newton
Metropolitan Statistical Area
Occupation Code
13-2052
SOC Classification
Sample Size
326
Employees Surveyed
How This Data Is Collected
The OEWS program produces employment and wage estimates annually for over 800 occupations across all metropolitan and nonmetropolitan areas. Approximately 1.1 million establishments are surveyed over a three-year period, representing the most comprehensive wage data available for the U.S. labor market.
Note: Percentile wages represent actual reported wages and may differ from individual compensation packages that include benefits, bonuses, and equity.
Last updated: January 23, 2026
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Personal Financial Advisor in Boston, MA
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Median: $117,251/yr
How Boston, MA Compares
vs National Average
$99,580
vs Massachusetts Average
$92,876
Cost-of-Living Adjusted
$79,010
Cost of living in Boston, MA is 48.4% above the national average.
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