How much does a Financial Advisor make in Birmingham, MI?
In Birmingham, MI, a Financial Advisor can expect to earn a competitive salary. The average yearly salary for this role is around $90,600. This figure reflects the skills and expertise that financial advisors bring to their work. Many professionals in this field earn between $77,227 and $107,309 annually. This range shows the potential for growth and advancement in the career.
The salary distribution for Financial Advisors in Birmingham, MI, highlights the earning potential. About 19% of advisors earn less than $67,200. A majority, 57%, earn between $77,227 and $87,255. A smaller group, 6.33%, earn between $87,255 and $97,282. The highest earners, 12.67%, make over $157,445 per year. This data shows that with experience and success, financial advisors can achieve significant earnings.
What are the highest paying cities for a Financial Advisor near Birmingham, MI?

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Troy, MI
Average Salary: $102,225
In Troy, financial advisors work with a variety of clients, offering personalized financial planning. Many professionals find opportunities with local banks and financial institutions. The city's business-friendly environment supports career growth.
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Bloomfield Hills, MI
Average Salary: $101,750
Bloomfield Hills offers a high-end market for financial advisors. Professionals here often work with affluent clients, providing wealth management services. The area is known for its prestigious financial firms.
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Farmington Hills, MI
Average Salary: $99,232
Farmington Hills provides a diverse client base for financial advisors. Many work with local businesses and individuals, offering tailored financial solutions. The community's focus on education and family values is reflected in its financial services.
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Southfield, MI
Average Salary: $87,192
Southfield is a bustling hub for financial advisors. Professionals here serve a wide range of clients, from individuals to large corporations. The city's vibrant economy offers many opportunities for growth and development.
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Detroit, MI
Average Salary: $85,253
Detroit offers a dynamic environment for financial advisors. Professionals work with a mix of clients, from startups to established businesses. The city's revitalization efforts create a unique landscape for financial services.
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Sterling Heights, MI
Average Salary: $74,434
In Sterling Heights, financial advisors cater to a diverse population. Many work with local banks and credit unions, providing essential financial services. The community's focus on family and education makes it a rewarding place to work.
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Novi, MI
Average Salary: $74,393
Novi is known for its family-oriented atmosphere, which extends to its financial services sector. Financial advisors here often work with local businesses and families, offering personalized financial planning. The city's growth provides many opportunities for career advancement.
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Livonia, MI
Average Salary: $55,920
Livonia offers a stable environment for financial advisors. Professionals here serve a mix of clients, from individuals to small businesses. The city's focus on community and education makes it a great place for financial services.
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Clawson, MI
Average Salary: $51,167
Clawson provides a close-knit community for financial advisors. Professionals often work with local residents, offering personalized financial advice. The city's small-town feel creates a supportive work environment.
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Dearborn, MI
Average Salary: $50,124
Dearborn offers a diverse market for financial advisors. Professionals here serve a mix of clients, from individuals to large corporations. The city's rich cultural heritage and strong economy provide a unique backdrop for financial services.
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What are the best paying companies for a Financial Advisor in Birmingham, MI?

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Charles Schwab
Average Salary: $78,889
Charles Schwab offers rewarding Financial Advisor positions in Birmingham, MI. The company provides a supportive environment for financial professionals. It operates nationwide, with a strong presence in Birmingham, MI.
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Raymond James
Average Salary: $73,133
Raymond James is a top choice for Financial Advisors in Birmingham, MI. The company values its advisors and offers competitive salaries. It operates in multiple locations, including Birmingham, MI, providing a stable career path.
What are the best paying Financial Advisor related jobs in Birmingham, MI?

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Portfolio Manager
Average Salary: $155,000
This role involves managing investment portfolios for clients. Companies like Goldman Sachs and JPMorgan Chase in Birmingham offer this opportunity. Managers work closely with clients to meet their financial goals.
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Investment Banker
Average Salary: $139,708
Investment bankers help companies raise capital and manage mergers. Firms like Morgan Stanley and Bank of America in Birmingham offer these roles. They advise clients on financial strategies and transactions.
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Underwriter
Average Salary: $124,800
Underwriters assess risks for insurance companies. Companies like Allstate and State Farm in Birmingham provide these positions. They evaluate applications and determine coverage terms.
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Wealth Management Advisor
Average Salary: $119,730
Wealth management advisors help clients grow and protect their assets. Firms like Edward Jones and Merrill Lynch in Birmingham offer these roles. Advisors create personalized financial plans for clients.
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Analyst
Average Salary: $84,625
Analysts research and analyze financial data. Companies like Fidelity Investments and Charles Schwab in Birmingham offer these positions. They provide insights to help clients make informed decisions.
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Personal Banker
Average Salary: $48,750
Personal bankers assist clients with their banking needs. Banks like Chase and Wells Fargo in Birmingham offer these roles. They help clients with transactions, loans, and financial advice.
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