Financial Advisor Salaries & Top Paying Companies in Sioux Falls, SD

Position

City

Salary

How much does a Financial Advisor make in Sioux Falls, SD?

The average salary for a Financial Advisor is $111,608 per year in Sioux Falls, SD.

Graph depicting the yearly salary distribution for Financial Advisor jobs in Sioux Falls, SD, showing an average salary of $111,608 with varying distribution percentages across salary ranges.

Graph depicting the monthly salary distribution for Financial Advisor jobs in Sioux Falls, SD, showing an average salary of $9,301 with varying distribution percentages across salary ranges.

Graph depicting the weekly salary distribution for Financial Advisor jobs in Sioux Falls, SD, showing an average salary of $2,146 with varying distribution percentages across salary ranges.

Graph depicting the hourly salary distribution for Financial Advisor jobs in Sioux Falls, SD, showing an average salary of $54 with varying distribution percentages across salary ranges.

A Financial Advisor in Sioux Falls, SD, typically earns a strong average yearly salary of $111,608. This figure reflects the diverse range of incomes across different experience levels. Such a salary provides a solid foundation for financial advisors in this area.

The salary distribution shows a broad spectrum, from $46,500 to $155,500. These earnings depend on factors like years of experience, education, and the type of clients served. The highest-paid advisors, those in the top 10%, earn $145,591 or more. This range suggests ample opportunity for growth as one gains experience and builds a client base.

What are the highest paying cities for a Financial Advisor near Sioux Falls, SD?

Financial advisors in Brookings, SD, earn the highest average salary near Sioux Falls at $150,375. Watertown, SD, follows closely with a salary of $143,643. Both cities offer competitive wages and great opportunities for those in the finance sector. These cities provide a strong job market for financial advisors with attractive compensation packages. Job seekers can find promising career growth and financial stability in these locations.

Graph displaying highest paying cities salaries for Financial Advisor jobs near Sioux Falls, SD, highlighting Brookings, SD with the highest at $150,375 and Omaha, NE with the lowest at $92,330.

Brookings, SD
Average Salary: $150,375
Working in Brookings offers a blend of a small-town feel and vibrant opportunities. Professionals here collaborate with companies like Dakota State University and Avera Health. The supportive community and lower living costs make it a great place to build a career.
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Watertown, SD
Average Salary: $143,643
In Watertown, you can expect a thriving business environment. This city is home to significant employers like Roberts Bank and Watertown Regional Medical Center. The community here values career growth and offers a balanced lifestyle.
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Mitchell, SD
Average Salary: $142,864
Mitchell provides a friendly work atmosphere. Major employers include Dakota Pork and Mitchell Technical Institute. The city’s emphasis on education and innovation supports professional development.
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Pierre, SD
Average Salary: $135,969
Pierre offers a unique setting with a strong sense of community. Key employers such as the State Government and Dakota Territory Council add to its appeal. The slower pace of life and smaller community make it an attractive place to work.
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Aberdeen, SD
Average Salary: $131,077
Aberdeen boasts a growing job market. Companies like Northern State University and Avera McKennan Hospital contribute to a dynamic work environment. The city's commitment to development and education offers many opportunities for growth.
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Lincoln, NE
Average Salary: $112,596
Lincoln provides a mix of urban and suburban experiences. Employers like Union Bank and the State of Nebraska create a robust job market. The city’s focus on education and innovation supports a thriving career landscape.
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Rapid City, SD
Average Salary: $98,541
Rapid City is known for its outdoor activities and strong job market. Key employers include Monument Health and Black Hills State University. The city’s scenic beauty and recreational opportunities make it an appealing place to work.
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Grand Forks, ND
Average Salary: $96,407
Grand Forks offers a growing job scene. Employers such as Altru Health System and the University of North Dakota play key roles. The community’s dedication to education and technology supports a dynamic career environment.
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Bismarck, ND
Average Salary: $94,385
Bismarck features a thriving business sector. Major employers include the State of North Dakota and MDU Resources Group. The city’s emphasis on growth and community makes it a great place for professionals.
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Omaha, NE
Average Salary: $92,330
Omaha provides a large urban job market. Companies like Berkshire Hathaway and Mutual of Omaha are major employers. The city’s diversity and extensive opportunities support a robust career landscape.
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What are the best paying companies for a Financial Advisor in Sioux Falls, SD?

Northwestern Mutual leads the pack with an average salary of $137,763 for financial advisor roles in Sioux Falls. This top-tier company offers competitive benefits and opportunities for career growth. Another strong contender is Magellan Health Services, with an average salary of $66,363, providing a solid platform for financial professionals.

Graph displaying best paying company salaries for Financial Advisor jobs in Sioux Falls, SD, highlighting Northwestern Mutual with the highest at $137,763 and Avera Health with the lowest at $47,083.

Northwestern Mutual
Average Salary: $137,763
At Northwestern Mutual, Financial Advisors work with clients to help them achieve their financial goals. The company operates nationwide, providing personalized financial planning and investment management services. In Sioux Falls, experienced advisors work in a supportive environment that values customer relationships.
Magellan Health Services
Average Salary: $66,363
Magellan Health Services offers a range of services including health and wellness programs that involve financial planning components. Financial Advisors at Magellan work to support employees' health benefits and financial well-being. The company has offices in Sioux Falls and around the world, providing a broad platform for growth and development.
Bankers Life
Average Salary: $55,625
Bankers Life provides life insurance, annuities, and other financial services. Financial Advisors at Bankers Life help clients navigate their financial products and services. The company has a presence in Sioux Falls and across the United States, offering a comprehensive range of benefits and career opportunities.
Avera Health
Average Salary: $47,083
Avera Health is a not-for-profit health care system with a focus on patient care. Financial Advisors at Avera help manage the financial aspects of health care, providing services that align with the company’s mission. Operating in Sioux Falls and surrounding areas, Avera offers a community-focused environment with a range of career paths.

What are the best paying Financial Advisor related jobs in Sioux Falls, SD?

Financial Advisor roles in Sioux Falls, SD, offer pathways to high-paying jobs. Risk Management Managers can earn an average of $166,500, with Wealth Management Advisors close behind at $128,109. These roles demand expertise in managing risks and providing financial guidance, leading to lucrative career opportunities. Apart from these, jobs such as Portfolio Managers and Underwriting Consultants also offer strong salaries. Portfolio Managers earn an average of $119,992, while Underwriting Consultants make around $111,319. These positions involve making key financial decisions and assessing risks, all of which pay well in Sioux Falls.

Graph displaying best paying related job salaries for Financial Advisor jobs near Sioux Falls, SD, highlighting Risk Management Manager with the highest at $166,500 and Analyst with the lowest at $72,897.

Risk Management Manager
Average Salary: $166,500
This role focuses on identifying, assessing, and managing risks for an organization. Professionals in this position work with companies like Northwestern Mutual and Thrivent Financial. They develop strategies to minimize risks and ensure smooth operations.
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Wealth Management Advisor
Average Salary: $128,109
In this role, individuals help clients manage their wealth effectively. They work with firms like Fidelity Investments and Edward Jones. Advisors offer personalized financial advice, investment strategies, and retirement planning.
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Portfolio Manager
Average Salary: $119,992
Portfolio managers oversee and manage investment portfolios for clients. They work at places like Goldman Sachs and Wells Fargo. Their job includes analyzing market trends, creating investment strategies, and monitoring performance.
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Underwriting Consultant
Average Salary: $111,319
Underwriting consultants assess risk for insurance companies. They evaluate applicants and determine the best coverage. They collaborate with companies like Allstate and Nationwide. Their decisions impact pricing and policy offerings.
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Risk Specialist
Average Salary: $103,655
Risk specialists identify and evaluate potential risks for organizations. They work with firms like Marsh McLennan and Aon. Their role involves analyzing data, preparing reports, and recommending risk management strategies.
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Underwriting Manager
Average Salary: $102,700
Underwriting managers oversee the underwriting process for insurance companies. They work at firms like State Farm and MetLife. Their duties include supervising underwriters, ensuring compliance, and managing risk assessments.
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Risk Analyst
Average Salary: $94,636
Risk analysts study potential risks and develop strategies to mitigate them. They work with companies like Deloitte and Accenture. Their job includes collecting data, analyzing trends, and making recommendations to reduce risk.
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Underwriter
Average Salary: $91,349
Underwriters assess risks for insurance policies. They work for firms like American Family Insurance and Nationwide. Their role involves evaluating applications, setting premiums, and making decisions on policy approvals.
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Investment Banker
Average Salary: $73,980
Investment bankers advise companies on financial matters. They work for firms like JPMorgan Chase and Goldman Sachs. Their duties include managing mergers, underwriting securities, and providing financial analysis.
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Analyst
Average Salary: $72,897
Analysts gather and interpret data to support decision-making. They work at companies like Fidelity Investments and BlackRock. Their role involves conducting research, preparing reports, and offering financial insights.
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Financial Advisor Salary in Sioux Falls, SD

How much does a Financial Advisor make in Sioux Falls, SD?

What are the highest paying cities for a Financial Advisor near Sioux Falls, SD?

What are the best paying companies for a Financial Advisor in Sioux Falls, SD?

Currently 2,256 Financial Advisor job openings, nationwide.

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