Financial Advisor Salaries & Top Paying Companies in Boston, MA

Position

City

Salary

How much does a Financial Advisor make in Boston, MA?

The average salary for a Financial Advisor is $104,278 per year in Boston, MA.

Graph depicting the yearly salary distribution for Financial Advisor jobs in Boston, MA, showing an average salary of $104,278 with varying distribution percentages across salary ranges.

Graph depicting the monthly salary distribution for Financial Advisor jobs in Boston, MA, showing an average salary of $8,690 with varying distribution percentages across salary ranges.

Graph depicting the weekly salary distribution for Financial Advisor jobs in Boston, MA, showing an average salary of $2,005 with varying distribution percentages across salary ranges.

Graph depicting the hourly salary distribution for Financial Advisor jobs in Boston, MA, showing an average salary of $50 with varying distribution percentages across salary ranges.

A Financial Advisor in Boston, MA, earns a competitive salary. On average, they make about $104,278 each year. This is higher than the national average for the role. Financial Advisors in Boston can expect to earn between $50,000 and $225,000 annually.

The salary range offers a good overview of what someone can expect. Most advisors fall between $81,818 and $145,455. This range shows that experience and skills can lead to higher earnings. Here is a breakdown of how the salaries are distributed: 11.42% earn the lowest amount, while 0.52% earn the highest. The majority, about 26.99%, earn between $97,727 and $113,636.

What are the highest paying cities for a Financial Advisor near Boston, MA?

Financial advisors in the Boston area can find some of the best pay in nearby cities like Watertown. With an average salary of $136,182, this area offers excellent earning potential. Close behind is Waltham, where financial advisors can expect to earn around $93,483 a year. Quincy and Newton also provide strong salaries for financial advisors, with averages of $93,019 and $91,219, respectively. These cities present solid opportunities for those seeking a lucrative career in finance.

Graph displaying highest paying cities salaries for Financial Advisor jobs near Boston, MA, highlighting Watertown, MA with the highest at $136,182 and Chestnut Hill, MA with the lowest at $76,740.

Watertown, MA
Average Salary: $136,182
In Watertown, professionals find many opportunities in financial firms. The area is home to many big companies like Fidelity Investments. With these firms, job seekers can expect competitive pay and chances to grow.
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Waltham, MA
Average Salary: $93,483
Waltham offers a mix of job security and growth in financial roles. Many large firms, such as Charles Schwab, operate here. Working here means you’ll be part of a thriving financial community.
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Quincy, MA
Average Salary: $93,019
Quincy is known for its strong financial sector. People here work with companies like State Street. Job seekers will find a supportive environment with many chances to learn and advance.
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Newton, MA
Average Salary: $91,219
Newton has a vibrant financial market. The area is home to many financial institutions. Professionals here enjoy a mix of stability and growth in their careers.
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Dorchester, MA
Average Salary: $78,467
Dorchester offers a range of opportunities for those in financial fields. The area has many local and regional firms. Job seekers can find good roles with the potential for growth.
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Cambridge, MA
Average Salary: $77,691
Cambridge is a hub for financial services. Many big firms operate here, including Wellington Management. Working in this area means you’ll be close to many exciting opportunities.
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Chestnut Hill, MA
Average Salary: $76,740
Chestnut Hill has a strong financial presence. The area is known for its reputable companies. Job seekers can find rewarding positions with the chance to build a solid career.
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What are the best paying companies for a Financial Advisor in Boston, MA?

Accenture offers the highest pay for Financial Advisor positions in Boston, with an average salary of $128,333. MassMutual follows closely with an average salary of $119,650. Northwestern Mutual provides another competitive salary of $107,354 for Financial Advisors. Bank of America and Dana-Farber Cancer Institute provide lower but still attractive salaries for this profession. Charles Schwab and PNC Financial Services Group also present good options with average salaries over $75,000.

Graph displaying best paying company salaries for Financial Advisor jobs in Boston, MA, highlighting Accenture with the highest at $128,333 and Dana-Farber Cancer Institute with the lowest at $54,270.

Accenture
Average Salary: $128,333
Accenture offers a dynamic environment for Financial Advisors in Boston, MA. They work on innovative projects and support clients with financial planning. Accenture operates globally, with headquarters in Ireland.
MassMutual
Average Salary: $119,650
MassMutual provides a solid platform for Financial Advisors in Boston, MA. They focus on life insurance and retirement planning. The company has a long history, founded in 1851, and operates nationwide.
Northwestern Mutual
Average Salary: $107,354
Northwestern Mutual is a leading financial services company. Financial Advisors in Boston, MA, help clients with investment strategies and financial planning. The company is based in Wisconsin and has a strong presence across the US.
New York Life
Average Salary: $101,625
New York Life offers excellent opportunities for Financial Advisors in Boston, MA. They provide insurance and retirement planning services. This company has been around since 1845 and operates across the country.
Magellan Financial
Average Salary: $95,000
Magellan Financial offers competitive salaries for Financial Advisors in Boston, MA. They focus on wealth management and investment solutions. The company is part of a larger group and operates throughout New England.
Baystate Financial
Average Salary: $93,127
Baystate Financial provides a good working environment for Financial Advisors in Boston, MA. They offer a range of financial services. This company has been serving clients since 1924 and focuses on the New England region.
PNC Financial Services Group
Average Salary: $88,226
PNC Financial Services Group offers diverse opportunities for Financial Advisors in Boston, MA. They provide banking, investment, and wealth management services. This company has a strong presence in multiple states.
Charles Schwab
Average Salary: $76,425
Charles Schwab offers a supportive environment for Financial Advisors in Boston, MA. They focus on investment management and retirement planning. The company is based in Texas and serves clients nationwide.
Bank of America
Average Salary: $72,450
Bank of America provides a robust platform for Financial Advisors in Boston, MA. They offer various financial services, including banking and investment options. This global bank has a significant presence in the US.
Dana-Farber Cancer Institute
Average Salary: $54,270
Dana-Farber Cancer Institute offers specialized roles for Financial Advisors in Boston, MA. They focus on financial wellness programs for patients and staff. This renowned cancer center operates in Boston and has a national impact.

What are the best paying Financial Advisor related jobs in Boston, MA?

Looking for a lucrative career in financial advising? Boston offers some of the highest-paying roles in this sector. Top positions include Underwriting Manager, Risk Management Director, and Portfolio Manager, all earning over $150,000 annually. These roles demand strong analytical skills and a deep understanding of finance. Financial advisors in Boston can also find rewarding positions as Wealth Management Advisors or Investment Bankers. These careers focus on helping clients grow their wealth and manage their investments. Both roles offer competitive salaries and the chance to work with influential clients. Each position provides a pathway to a successful and financially rewarding career.

Graph displaying best paying related job salaries for Financial Advisor jobs near Boston, MA, highlighting Underwriting Manager with the highest at $168,944 and Chief Risk Officer with the lowest at $131,925.

Underwriting Manager
Average Salary: $168,944
This role involves assessing risk for clients. Companies like Liberty Mutual and State Street look for professionals who can evaluate applications and determine coverage. Good communication skills and attention to detail are key.
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Risk Management Director
Average Salary: $166,418
Risk Management Directors work to identify and mitigate financial risks. They often collaborate with senior management to develop strategies. Companies such as Blue Cross Blue Shield of Massachusetts and Fidelity Investments value their expertise.
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Portfolio Manager
Average Salary: $153,098
Portfolio Managers oversee investment portfolios for clients. They aim to grow wealth while managing risk. Employers like Fidelity and State Street expect strong analytical skills and market knowledge.
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Wealth Management Advisor
Average Salary: $149,530
These professionals offer personalized financial planning. They help clients achieve their financial goals. Top firms like Fidelity and Charles Schwab value their ability to build lasting client relationships.
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Risk Management Manager
Average Salary: $147,541
Risk Management Managers oversee risk assessment and mitigation. They work closely with teams to develop strategies. Companies such as Liberty Mutual and State Street need their expertise to ensure company stability.
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Investment Banker
Average Salary: $147,047
Investment Bankers help companies raise capital. They advise on mergers, acquisitions, and securities. Firms like Goldman Sachs and Morgan Stanley look for professionals with strong analytical skills and financial acumen.
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Certified Financial Planner
Average Salary: $143,550
Certified Financial Planners provide financial advice. They help clients with budgeting, investing, and retirement planning. Companies like Edward Jones and Fidelity value their expertise in providing comprehensive financial strategies.
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Insurance Writer
Average Salary: $135,970
Insurance Writers create policies and documentation for clients. They ensure clarity and accuracy in coverage details. Employers such as Liberty Mutual and Boston Mutual look for skilled writers with a keen eye for detail.
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Bank Consultant
Average Salary: $132,450
Bank Consultants help financial institutions improve operations. They analyze business processes and recommend changes. Top banks like Bank of America and State Street value their problem-solving skills and industry knowledge.
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Chief Risk Officer
Average Salary: $131,925
Chief Risk Officers oversee all risk management activities. They develop strategies to protect the company from financial threats. Firms such as Blue Cross Blue Shield and Fidelity seek leaders who can make informed decisions to safeguard assets.
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Financial Advisor Salary in Boston, MA

How much does a Financial Advisor make in Boston, MA?

What are the highest paying cities for a Financial Advisor near Boston, MA?

What are the best paying companies for a Financial Advisor in Boston, MA?

Currently 2,256 Financial Advisor job openings, nationwide.

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