Average Personal Financial Advisors Salary in Pittsburgh, PA
Personal Financial Advisors in Pittsburgh, PA, command an impressive average annual salary of $163,810. This figure slightly surpasses the national average of $160,360, indicating a favorable compensation landscape within the city. Local economic factors and a robust demand for financial expertise likely contribute to this elevated pay.
Executive Summary
- Average Salary: $163,810 per year.
- Growth Trend: Salaries have shifted 2.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $245,715.
- Outlook: With a local workforce of 2,300 Personal Financial Advisors, Pittsburgh demonstrates a solid presence in this profession. The Location Quotient of 1.18 suggests that this role is more concentrated in Pittsburgh than the national average, implying a healthy and potentially growing demand for these services within the region.
Salary Overview
The average Personal Financial Advisors in Pittsburgh, PA earns+2.2%above the national average.
$78.8
$3,150
$13,651
Personal Financial Advisors Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Personal Financial Advisors in Pittsburgh have experienced steady growth over the past four years, mirroring national trends. Factors such as evolving market conditions, increased demand for financial planning, and inflation typically drive upward salary adjustments in this sector.
Personal Financial Advisors Salary Distribution in Pittsburgh, PA
The career trajectory for Personal Financial Advisors typically involves significant salary growth with experience. Entry-level positions may start at a lower percentile, but as advisors gain expertise, build client portfolios, and achieve higher performance metrics, their earnings can ascend to the upper percentiles. The widening gap between entry-level and senior roles signifies substantial career progression and earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $54,100 | $26 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $122,858 | $59.1 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $99,670 | $47.9 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $204,763 | $98.4 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $245,715 | $118.1 |
Detailed Personal Financial Advisors Market Analysis
Relocation Context
Nominal Salary
$163,810
Gross Pay
Real Wage (Purchasing Power)
$163,810
Adjusted for COL (100)
An average annual salary of $163,810 in Pittsburgh aligns perfectly with the national average cost of living (100). This means that the purchasing power of a Personal Financial Advisor's income in Pittsburgh is equivalent to that of someone earning the national average elsewhere, offering a stable financial footing for residents.
Job Market Context
2,300
Total Jobs
2.075
Per 1K Jobs
1.18
Location Quotient
With a location quotient of 1.18, Pittsburgh, PA has a slightly higher-than-average concentration of Personal Financial Advisors roles compared to the national norm.
The Location Quotient of 1.18 for Personal Financial Advisors in Pittsburgh indicates a slightly higher concentration of these professionals compared to the national average. This suggests a competitive yet robust job market where demand is present and potentially outstripping supply, creating opportunities for skilled advisors.
Nearby Job Markets
Nearby Cities for Personal Financial Advisors
| City | Salary | Dist. |
|---|---|---|
| Weirton-Steubenville, WV-OH Personal Financial Advisors Salary | $83,770↓ 49% | 30 mi |
| Wheeling, WV-OH Personal Financial Advisors Salary | $168,860↑ 3% | 45 mi |
| Morgantown, WV Personal Financial Advisors Salary | $100,780↓ 38% | 55 mi |
| Youngstown-Warren, OH Personal Financial Advisors Salary | $125,880↓ 23% | 57 mi |
| Johnstown, PA Personal Financial Advisors Salary | $143,360↓ 12% | 57 mi |
Comparing salaries near Pittsburgh, PA
Hiring Personal Financial Advisorss?
Frequently Asked Questions
How much does a Personal Financial Advisors make in Pittsburgh, PA?
The median annual salary for a Personal Financial Advisors in Pittsburgh, PA is $163,810. This typically ranges from $54,100 for entry-level positions to $245,715 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Pittsburgh, PA is 2.2% higher than the national median of $160,360.
Is Pittsburgh, PA a lucrative place for Personal Financial Advisors?
Yes, Pittsburgh, PA is a lucrative place for Personal Financial Advisors.The average annual salary of $163,810 is above the national average, and the cost of living is exactly at the national average, providing strong purchasing power.
Is Pittsburgh, PA a good place to live for Personal Financial Advisors?
The Cost of Living Index in Pittsburgh, PA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Pittsburgh, PA?
Some top paying nearby cities include Weirton-Steubenville, WV-OH ($83,770) and Wheeling, WV-OH.
How does the Pittsburgh Personal Financial Advisor salary compare to the national average?
Personal Financial Advisors in Pittsburgh earn an average of $163,810 annually, which is slightly higher than the national average of $160,360.
What is the concentration of Personal Financial Advisors in Pittsburgh?
Pittsburgh has a Location Quotient of 1.18 for Personal Financial Advisors, meaning the profession is 18% more concentrated there than the national average.
How does the cost of living in Pittsburgh affect salary perception?
With a Cost of Living Index of 100, Pittsburgh's cost of living is exactly at the national average. This means the $163,810 salary offers purchasing power equivalent to the national average.
What does the total local workforce number signify?
The total local workforce of 2,300 Personal Financial Advisors indicates a substantial presence of this profession within Pittsburgh's economy.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,300 employees in the Pittsburgh, PA area with a job density of 2.075 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Personal Financial Advisors Salaries by State
Top Jobs in Pittsburgh, PA
- All Occupations Salary in Pittsburgh, PA
- Office and Administrative Support Occupations Salary in Pittsburgh, PA
- Food Preparation and Serving Related Occupations Salary in Pittsburgh, PA
- Sales and Related Occupations Salary in Pittsburgh, PA
- Transportation and Material Moving Occupations Salary in Pittsburgh, PA
- Healthcare Practitioners and Technical Occupations Salary in Pittsburgh, PA
- Management Occupations Salary in Pittsburgh, PA
- Business and Financial Operations Occupations Salary in Pittsburgh, PA
- Educational Instruction and Library Occupations Salary in Pittsburgh, PA
- Healthcare Support Occupations Salary in Pittsburgh, PA
- Browse All Jobs in Pittsburgh, PA →
Semantic Salary Analysis for Personal Financial Advisors • Data source: BLS OEWS 2024 •Jobs in Pittsburgh, PA