Position
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In Springfield, MA, a Financial Advisor can expect to earn a competitive salary. The average yearly salary for this role is around $128,706. This figure reflects the skills and expertise that financial advisors bring to the table. Their work helps people manage their finances, plan for the future, and achieve their financial goals.
The salary range for Financial Advisors in Springfield varies. Some earn as little as $38,550 per year, while others can make up to $225,000. The distribution of salaries shows that many advisors fall in the middle range. For example, 11.52% of advisors earn between $38,550 and $72,450. Another 14.39% earn between $89,400 and $123,300. This spread highlights the potential for growth and advancement in the field. As advisors gain experience and build their client base, they can see significant increases in their earnings.
Holyoke, MA
Average Salary: $87,398
In Holyoke, a financial advisor can expect to work with a variety of clients, helping them manage their investments and plan for their future. The city's strong community ties make it a great place to build lasting relationships. Companies like MassMutual and Fidelity Investments offer opportunities for growth and professional development.
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Chicopee, MA
Average Salary: $69,780
Chicopee offers a vibrant environment for financial advisors, with many local businesses and individuals seeking financial guidance. Working here means you'll be part of a supportive community, with prominent firms like Edward Jones and Morgan Stanley providing a solid foundation for your career. The city's focus on education and growth makes it an ideal place for financial professionals.
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Westfield, MA
Average Salary: $58,696
Westfield provides a dynamic setting for financial advisors, where professionals can thrive by helping clients achieve their financial goals. The city's diverse economy offers opportunities to work with a wide range of clients. Companies such as Vanguard and UBS offer excellent platforms for career advancement and professional growth.
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Northwestern Mutual
Average Salary: $126,912
Northwestern Mutual offers rewarding Financial Advisor positions. They focus on long-term financial planning and wealth management. The company operates in Springfield, MA, and across the nation.
MassMutual
Average Salary: $109,717
MassMutual provides excellent opportunities for Financial Advisors. They specialize in life insurance and retirement planning. The company has offices in Springfield, MA, and other key locations.
Baystate Health
Average Salary: $47,942
Baystate Health offers Financial Advisor roles that focus on employee benefits and financial wellness. They operate in Springfield, MA, and serve the surrounding areas.
Underwriter
Average Salary: $145,400
Underwriters assess risk for insurance companies. They work closely with clients to determine coverage needs. Companies like MassMutual and Liberty Mutual offer roles in Springfield.
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Portfolio Manager
Average Salary: $120,605
Portfolio managers oversee investment portfolios for clients. They make decisions on asset allocation and investment strategies. Firms like Fidelity and State Street Corporation provide opportunities in Springfield.
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Underwriting Consultant
Average Salary: $115,929
Underwriting consultants advise on insurance policies. They analyze data to help underwriters make informed decisions. Companies such as AIG and Travelers have positions in Springfield.
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Risk Management Manager
Average Salary: $111,350
Risk management managers identify and mitigate risks for organizations. They develop strategies to protect assets and ensure compliance. Companies like MassMutual and Liberty Mutual offer roles in Springfield.
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Loss Control Consultant
Average Salary: $99,042
Loss control consultants help companies reduce risks and prevent losses. They provide training and develop safety programs. Firms such as Liberty Mutual and State Farm have positions in Springfield.
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Wealth Management Advisor
Average Salary: $90,941
Wealth management advisors help clients manage their investments. They create personalized financial plans and provide ongoing advice. Companies like Fidelity and Edward Jones offer roles in Springfield.
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Analyst
Average Salary: $79,017
Analysts gather and interpret data to support decision-making. They work in various industries, including finance and insurance. Firms like MassMutual and Liberty Mutual offer analyst positions in Springfield.
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Risk Analyst
Average Salary: $73,475
Risk analysts evaluate potential risks for companies. They analyze data and develop strategies to mitigate risks. Companies such as AIG and Travelers offer roles in Springfield.
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Acquisitions Specialist
Average Salary: $55,900
Acquisitions specialists help companies identify and acquire new businesses. They conduct due diligence and negotiate deals. Firms like MassMutual and Liberty Mutual offer positions in Springfield.
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Financial Assistant
Average Salary: $41,000
Financial assistants support financial managers and advisors. They handle tasks like data entry, report preparation, and client communication. Companies like Fidelity and Edward Jones offer roles in Springfield.
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