Average Personal Financial Advisors Salary in Madison, WI
Personal Financial Advisors in Madison, WI, command an impressive average annual salary of $183,860, significantly exceeding the national average of $160,360. This elevated compensation reflects a localized demand for specialized financial expertise and potentially higher client asset values within the region, justifying a premium for advisory services.
Executive Summary
- Average Salary: $183,860 per year.
- Growth Trend: Salaries have shifted 26.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $275,790.
- Outlook: With a local workforce of 580 Personal Financial Advisors, Madison, WI, presents a stable, albeit not hyper-concentrated, job market. The Location Quotient of 0.82 suggests a presence that is slightly below the national average in terms of concentration, indicating a healthy demand without oversaturation, making it a potentially robust environment for career growth.
Salary Overview
The average Personal Financial Advisors in Madison, WI earns+14.7%above the national average.
$88.4
$3,536
$15,322
Personal Financial Advisors Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the Personal Financial Advisor role in Madison, WI, has experienced consistent salary growth over the past four years, mirroring national trends. Factors such as increasing demand for financial planning services, inflation, and evolving market complexities likely contribute to upward salary adjustments.
Personal Financial Advisors Salary Distribution in Madison, WI
The career trajectory for Personal Financial Advisors in Madison, WI, shows significant earning potential. Entry-level positions typically start at lower percentiles, while seasoned professionals with extensive experience and a proven track record can command salaries in the upper percentiles, often exceeding $200,000. The widening gap between entry-level and senior salaries underscores the value placed on expertise and client management.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $61,460 | $29.5 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $137,895 | $66.3 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $123,840 | $59.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $229,825 | $110.5 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $275,790 | $132.6 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$183,860
Gross Pay
Real Wage (Purchasing Power)
$183,860
Adjusted for COL (100)
The average annual salary of $183,860 in Madison, WI, is particularly attractive given the local Cost of Living Index is exactly at the national average of 100. This means that the purchasing power of a Personal Financial Advisor's income in Madison is equivalent to the national average, allowing for a comfortable standard of living without the added financial strain of a high cost of living.
Job Market Context
580
Total Jobs
1.436
Per 1K Jobs
0.82
Location Quotient
Madison, WI has 0.82x the national average concentration of Personal Financial Advisors jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.82 for Personal Financial Advisors in Madison, WI, indicates that the profession is slightly less concentrated than the national average. This suggests that while the market is established, there may be ample opportunities for skilled advisors to enter and thrive, as the demand is present but not overwhelmingly met by local supply.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Janesville-Beloit, WI Personal Financial Advisors Salary | $143,720↓ 22% | 33 mi |
| Rockford, IL Personal Financial Advisors Salary | $106,030↓ 42% | 59 mi |
| Fond du Lac, WI Personal Financial Advisors Salary | $135,990↓ 26% | 68 mi |
| Milwaukee-Waukesha, WI Personal Financial Advisors Salary | $160,610↓ 13% | 72 mi |
| Oshkosh-Neenah, WI Personal Financial Advisors Salary | $188,470↑ 3% | 77 mi |
Comparing salaries near Madison, WI
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Madison, WI?
The median annual salary for a Personal Financial Advisors in Madison, WI is $183,860. This typically ranges from $61,460 for entry-level positions to $275,790 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Madison, WI is 14.7% higher than the national median of $160,360.
Is Madison, WI a lucrative place for Personal Financial Advisors?
Yes, Madison, WI is a lucrative location for Personal Financial Advisors.Personal Financial Advisors in Madison earn an average of $183,860 annually, significantly above the national average, while maintaining a cost of living that matches the national benchmark.
Is Madison, WI a good place to live for Personal Financial Advisors?
The Cost of Living Index in Madison, WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Madison, WI?
Some top paying nearby cities include Janesville-Beloit, WI ($143,720) and Rockford, IL.
How does Madison's Personal Financial Advisor salary compare to the national average?
Personal Financial Advisors in Madison, WI, earn an average of $183,860 annually, which is approximately $23,500 more than the national average of $160,360.
What is the concentration of Personal Financial Advisors in Madison, WI?
The concentration, measured by the Location Quotient, is 0.82, indicating that the presence of Personal Financial Advisors in Madison is slightly below the national average.
Does the cost of living in Madison affect the value of the salary?
No, the cost of living in Madison is 100, which is the national average. This means the $183,860 salary has the same purchasing power as it would nationally.
How many Personal Financial Advisors are there in Madison, WI?
There are approximately 580 Personal Financial Advisors employed in Madison, WI.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 580 employees in the Madison, WI area with a job density of 1.436 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Personal Financial Advisors • Data source: BLS OEWS 2024 •Jobs in Madison, WI