Minnesota Financial Planner Salary

Financial Advisor Salary in Minnesota

 

According to the Bureau of Labor Statistics, Minnesota was home to 2,780 personal financial advisors in 2010. These advisors made an average annual salary of $67,670.

Personal financial advisors within Minnesota’s 75th percentile made approximately $77,840 per year, while those in the 90th percentile earned an average of $115,350 per year.

Area name
Employment
Annual mean salary
Duluth, MN-WI
130
$49,680
Grand Forks, ND-MN
Not Released
$34,200
La Crosse, WI-MN
50
$78,640
Mankato-North Mankato, MN
40
$53,630
Minneapolis-St. Paul-Bloomington, MN-WI
Not Released
$70,740
Rochester, MN
80
$69,000
St. Cloud, MN
70
$53,890
Northwest Minnesota nonmetropolitan area
Not Released
$48,550
Southwest Minnesota nonmetropolitan area
40
$44,670
Southeast Minnesota nonmetropolitan area
60
$42,860

Stockbroker Salary in Minnesota

 

The Bureau of Labor Statistics (BLS) of the U.S. Department of Labor reported that Minnesota was home to 6,890 securities, commodities, and financial services sales agents in 2010. The average annual salary of securities, commodities, and financial service sales agents in the state that year was $89,790, with agents in the 75th percentile making an average of $114,660 annually. The average annual salary of agents in Minnesota in the 90th percentile was higher than the BLS reporting ceiling, meaning it equaled or exceeded $166,400 per year.

Area name
Employment
Annual mean salary
Duluth, MN-WI
200
$88,460
Fargo, ND-MN
100
$74,050
La Crosse, WI-MN
40
$55,500
Mankato-North Mankato, MN
80
Not Released
Minneapolis-St. Paul-Bloomington, MN-WI
5,830
$91,860
Rochester, MN
210
$67,310
St. Cloud, MN
120
$80,060
Northwest Minnesota nonmetropolitan area
180
$60,100
Southwest Minnesota nonmetropolitan area
90
$83,830
Southeast Minnesota nonmetropolitan area
220
$83,420

Life/Annuity Producer Salary in Minnesota

According to the Bureau of Labor Statistics (BLS), in 2010, Minnesota was home to 5,360 insurance sales agents. These agents brought home an average annual salary of $60,270. Agents earning salaries in the 75th percentile made an average of $65,990 per year, while those in the 90th percentile averaged $107,590 annually.

Area name
Employment
Annual mean salary
Duluth, MN-WI
130
$60,600
Fargo, ND-MN
320
$81,330
Grand Forks, ND-MN
90
$48,020
La Crosse, WI-MN
250
$44,180
Mankato-North Mankato, MN
Not Released
$56,910
Minneapolis-St. Paul-Bloomington, MN-WI
3,910
$62,460
Rochester, MN
120
$65,630
St. Cloud, MN
120
$38,520
Northwest Minnesota nonmetropolitan area
260
$59,240
Northeast Minnesota nonmetropolitan area
190
$46,120
Southwest Minnesota nonmetropolitan area
330
$44,710
Southeast Minnesota nonmetropolitan area
290
$63,410

Salary and employment data compiled by the United States Department of Labor’s Bureau of Labor Statistics in May of 2010. These estimates do not include self-employed financial advisors. The Bureau of Labor Statistics always expresses salaries equal to or greater than $166,400 (hourly wage of $80.00) as such and doesn’t provide estimates beyond these totals.