Financial Advisor Salary in New Jersey
According to the Bureau of Labor Statistics (BLS), at an average of $99,560 yearly, the 3,140 personal financial advisors working in New Jersey as of May 2010 earned the fourth-highest salary among all financial advisors in the country. The White Plains NY/Wayne NJ area was the second highest paying metropolitan area in the country for financial advisors, where the average annual salary was $142,000.
The top 25 percent of New Jersey’s personal financial advisors made an average of $117,140. The wages of personal financial advisors in New Jersey’s top 10 percent were beyond the BLS reporting ceiling, indicating the average equaled or exceeded $166,400 per year.
Stockbroker Salary in New Jersey
There were 15,160 securities/commodities agents working in New Jersey in May 2010, earning an average mean salary of $93,640. Areas of New Jersey that paid higher average salaries than that include the White Plains NY/Wayne NJ area, where they earned an average of $128,330; the Trenton/Ewing area, where stockbrokers averaged $89,990; and the Newark area, where the average was $102,820. New Jersey securities agents in the top 25 percent received $125,030 per year on average, while the top 10 percent earned an average somewhere above $166,400 annually, beyond the BLS reporting ceiling.
Life/Annuity Producer Salary in New Jersey
The 7,970 insurance sales agents in New Jersey earned an average annual salary of $73,250. The White Plains NY/Wayne NJ metropolitan area paid the most, at $82,680. New Jersey insurance agents earning salaries in the top 25 percent averaged $89,390, while those in the top 10 percent averaged $126,360.
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.