DOL Filings vs BLS Survey
What Employers File with DOL
This figure comes from 1,639 employer filings with the US Department of Labor under legal obligation. Employers file this salary when sponsoring workers for PERM green cards or H-1B visas.
What BLS Says the Market Pays
This figure comes from the BLS Occupational Employment and Wage Statistics survey of 270,480 establishments. This is an independent survey-based estimate of what all workers in this occupation earn.
Salary Distribution
Top Paying Employers for Personal Financial Advisors
Ranked by median salary from DOL filingsSalary by Metro Area
| Metro Area | Median | vs National | Filings | Employers |
|---|---|---|---|---|
| New York, NE | $160,545 | +108.8% | 32 | 17 |
| Miami, FL | $125,000 | +62.6% | 188 | 62 |
| New York, NY | $110,000 | +43.1% | 248 | 78 |
| San Francisco, CA | $85,410 | +11.1% | 14 | 8 |
| Los Angeles, CA | $63,929 | -16.8% | 20 | 14 |
| Flushing, NY | $62,483 | -18.7% | 13 | 11 |
| Houston, TX | $62,000 | -19.4% | 51 | 24 |
| San Diego, CA | $57,600 | -25.1% | 16 | 9 |
| Philadelphia, PA | $52,000 | -32.4% | 15 | 9 |
| Chicago, IL | $48,194 | -37.3% | 15 | 7 |
| San Antonio, TX | $44,000 | -42.8% | 11 | 7 |
Salary by State
| State | Median | vs National | Filings |
|---|---|---|---|
| Nebraska | $145,000 | +95.8% | 47 |
| Florida | $109,700 | +24.6% | 234 |
| New York | $100,000 | -40.5% | 278 |
| Colorado | $80,500 | -5.9% | 8 |
| Arizona | $77,290 | -9.2% | 2 |
| Nevada | $73,120 | -10.8% | 2 |
| North Carolina | $72,900 | N/A | 3 |
| Connecticut | $67,500 | -36.9% | 4 |
| Washington | $65,000 | -42% | 5 |
| District of Columbia | $65,000 | -35.5% | 5 |
| Hawaii | $61,256 | -19.1% | 9 |
| New Jersey | $60,000 | -51.5% | 11 |
| Michigan | $57,000 | -42.3% | 7 |
| California | $56,139 | -56.4% | 169 |
| Minnesota | $56,058 | -40.6% | 4 |
| Maryland | $53,000 | -56.7% | 11 |
| Massachusetts | $52,696 | -48% | 18 |
| Pennsylvania | $52,000 | -49.7% | 18 |
| Texas | $51,000 | -37.9% | 92 |
| Ohio | $50,773 | -38.2% | 11 |
| Virginia | $50,085 | -49.9% | 10 |
| Indiana | $50,000 | -50.8% | 1 |
| Illinois | $48,194 | -53.8% | 27 |
| Alabama | $47,222 | -40.7% | 6 |
| Georgia | $46,715 | -52.6% | 12 |
| Idaho | $46,561 | -65.9% | 2 |
| Arkansas | $44,512 | -40.8% | 3 |
| Delaware | $43,576 | -66% | 1 |
| Kansas | $42,200 | -58.1% | 1 |
| Utah | $41,600 | -38.1% | 4 |
| Tennessee | $38,771 | -56.6% | 3 |
| Missouri | $37,981 | -54.8% | 3 |
| Wisconsin | $37,327 | -67.7% | 2 |
| Louisiana | $32,000 | -59.1% | 7 |
| Oregon | $32,000 | -60.1% | 1 |
| Oklahoma | $30,600 | -58.1% | 2 |
Salary Trend - DOL Data
Education Requirements
From PERM filingsFor Personal Financial Advisors positions, 78% of PERM filings required a Bachelor's degree, 18% required a Master's degree, and 3% required no formal degree.
Education by Top Employer
Most common minimum education from PERM filings| Employer | Most Common Education | Median Salary |
|---|---|---|
| JPMorgan Chase & Co | Not specified | $130,000 |
| MERRILL LYNCH | Bachelor's | $56,430 |
| Banco Santander International | Bachelor's | $145,750 |
| Citibank, N.A. | Bachelor's | $141,000 |
| JP Morgan Chase & Co | Bachelor's | $150,946 |
| UBS Financial Services Inc | Bachelor's | $82,597 |
| JP MORGAN CHASE CO | Bachelor's | $157,602 |
| East West Bank | Bachelor's | $63,070 |
| Morgan Stanley Smith Barney LLC | Bachelor's | $100,000 |
| MONEX SECURITIES INC. | Bachelor's | $90,813 |
Salary by Industry
Same occupation, different industries (NAICS)The highest-paying industry for Personal Financial Advisors is Management of Companies at $145,685. The lowest-paying industry with significant hiring is Professional and Technical Services at $73,733.
Frequently Asked Questions
Based on 1,639 DOL filings, the median salary for a Personal Financial Advisors is $76,876, ranging from $52,000 to $125,000.
The 90th percentile salary is N/A according to BLS data.
Based on DOL filings, New York, NE offers the highest median at $160,545.
DOL filing data covers positions where the employer filed for PERM green card sponsorship or an H-1B visa. These filings represent a subset of all Personal Financial Advisors positions. We compare this data against BLS OEWS data which covers all workers in this occupation.
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