Financial Advisor Salaries & Top Paying Companies in Troy, MI

Position

City

Salary

How much does a Financial Advisor make in Troy, MI?

The average salary for a Financial Advisor is $113,425 per year in Troy, MI.

Graph depicting the yearly salary distribution for Financial Advisor jobs in Troy, MI, showing an average salary of $113,425 with varying distribution percentages across salary ranges.

Graph depicting the monthly salary distribution for Financial Advisor jobs in Troy, MI, showing an average salary of $9,452 with varying distribution percentages across salary ranges.

Graph depicting the weekly salary distribution for Financial Advisor jobs in Troy, MI, showing an average salary of $2,181 with varying distribution percentages across salary ranges.

Graph depicting the hourly salary distribution for Financial Advisor jobs in Troy, MI, showing an average salary of $55 with varying distribution percentages across salary ranges.

In Troy, MI, financial advisors earn a solid income. The average yearly salary is about $113,425. This means that most people in this job make a comfortable living. There are many factors that can affect a financial advisor's salary, including experience, education, and the size of the firm they work for.

The salary range for financial advisors in Troy, MI, shows some variety. The lowest-paid advisors earn around $63,450, while the top earners make close to $165,000 per year. Most advisors fall somewhere in between these numbers. Here are some more specific salary ranges:

10% of advisors earn less than $72,682.
25% of advisors earn less than $81,914.
50% of advisors earn less than $100,377.
75% of advisors earn less than $128,073.
90% of advisors earn less than $146,536.

What are the highest paying cities for a Financial Advisor near Troy, MI?

If you're a Financial Advisor near Troy, MI, consider looking for jobs in Sterling Heights. The area leads with an average salary of $201,201. Nearby, Farmington Hills offers a competitive average salary of $104,794, making it another attractive location for financial advisors. Birmingham, Southfield, and Novi also present good opportunities for those in the finance industry.

Graph displaying highest paying cities salaries for Financial Advisor jobs near Troy, MI, highlighting Sterling Heights, MI with the highest at $201,201 and Clawson, MI with the lowest at $52,075.

Sterling Heights, MI
Average Salary: $201,201
In Sterling Heights, professionals can find many opportunities in financial services. This area is home to various financial institutions, offering a dynamic environment. With several major banks and credit unions, it's a hub for financial growth.
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Farmington Hills, MI
Average Salary: $104,794
Farmington Hills offers a thriving financial sector with opportunities in both private and public sectors. The presence of large financial companies provides a competitive edge. Working here means being part of a community that values financial expertise.
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Birmingham, MI
Average Salary: $95,610
Birmingham is known for its affluent community, which translates into a strong demand for financial services. It's an excellent place to build a career, with many high-end clients seeking personalized financial advice. Working here offers exposure to luxury brands and high-net-worth individuals.
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Southfield, MI
Average Salary: $90,375
Southfield has a diverse financial landscape, with opportunities in both traditional and modern financial sectors. This city is a business hub, offering a dynamic work environment. Working here means collaborating with a range of financial professionals and clients.
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Novi, MI
Average Salary: $73,042
Novi is a growing city with a vibrant financial sector. It offers many opportunities for those looking to advance their careers. The area is known for its family-friendly environment, making it a great place to work and live. Working here means being part of a community that values financial stability.
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Pontiac, MI
Average Salary: $65,887
Pontiac offers a mix of traditional and innovative financial opportunities. The city's financial sector is diverse, providing a range of options for professionals. With several established companies, it's a reliable place for financial growth. Working here means being part of a community that values financial health.
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Livonia, MI
Average Salary: $60,133
Livonia provides a stable environment for financial professionals. The city has a mix of local and national financial firms, offering a variety of opportunities. Working here means being part of a community that values financial planning and advice. The area is known for its friendly atmosphere and strong professional networks.
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Clawson, MI
Average Salary: $52,075
Clawson offers a smaller, yet vibrant financial sector. The community is tight-knit, providing a supportive environment for professionals. With a mix of local and regional financial firms, it's an ideal place to build a career. Working here means being part of a community that values financial expertise and personal growth.
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What are the best paying companies for a Financial Advisor in Troy, MI?

Northwestern Mutual offers one of the highest salaries for financial advisors in Troy, MI, averaging $142,884 per year. Prudential also provides competitive pay, with an average salary of $108,333 annually. Financial Services of America, Charles Schwab, and Ameriprise Financial offer solid compensation, each averaging between $76,667 and $78,125 per year. These companies present great opportunities for job seekers in the financial sector. Their well-established reputations and strong compensation packages make them attractive options for professionals looking to advance their careers.

Graph displaying best paying company salaries for Financial Advisor jobs in Troy, MI, highlighting Northwestern Mutual with the highest at $142,884 and Ameriprise Financial with the lowest at $76,667.

Northwestern Mutual
Average Salary: $142,884
Northwestern Mutual offers competitive salaries for Financial Advisors in Troy, MI. The company focuses on financial planning and investment management. It operates across the United States with a strong reputation for client service.
Prudential
Average Salary: $108,333
Prudential provides a robust environment for Financial Advisors. They are known for their comprehensive insurance and retirement plans. Their Troy, MI office is part of a larger network that spans the country.
Financial Services of America
Average Salary: $78,125
Financial Services of America offers a supportive atmosphere for Financial Advisors. They emphasize personalized financial planning. Their Troy, MI branch is well-regarded for its team collaboration and client-focused approach.
Charles Schwab
Average Salary: $78,111
Charles Schwab is known for its innovative financial products and services. They provide Financial Advisors with tools to help clients achieve their financial goals. The Troy, MI office is part of a nationwide presence.
Ameriprise Financial
Average Salary: $76,667
Ameriprise Financial offers a stable platform for Financial Advisors. They focus on wealth management and insurance services. Their Troy, MI location is part of a broad network that supports professional growth.

What are the best paying Financial Advisor related jobs in Troy, MI?

A Portfolio Manager stands out as one of the best-paying roles related to financial advising in Troy, MI. These professionals oversee and manage investment portfolios, earning an average salary of $167,300. Another high-paying position is that of an Underwriter, who assesses and evaluates risk, with an average income of $117,428. Investment Bankers also command strong salaries, averaging $81,143 annually.

Graph displaying best paying related job salaries for Financial Advisor jobs near Troy, MI, highlighting Portfolio Manager with the highest at $167,300 and Bank Consultant with the lowest at $41,650.

Portfolio Manager
Average Salary: $167,300
Portfolio Managers oversee client investments, ensuring they align with goals and strategies. They work for firms like Vanguard and Fidelity. Knowledge of financial markets and investment strategies is key.
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Underwriter
Average Salary: $117,428
Underwriters assess the risk of clients. They work for companies such as Farmers Insurance and Allstate. Strong analytical skills are needed to evaluate potential risks and benefits.
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Acquisitions Specialist
Average Salary: $95,686
Acquisitions Specialists facilitate business mergers and acquisitions. They often work at firms like Goldman Sachs and JPMorgan Chase. They need excellent negotiation and deal-making skills.
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Risk Specialist
Average Salary: $84,855
Risk Specialists analyze and manage financial risks. They work at companies such as State Farm and AIG. Strong attention to detail and risk assessment skills are vital.
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Investment Banker
Average Salary: $81,143
Investment Bankers advise on financial strategies and transactions. They work for firms like Morgan Stanley and Goldman Sachs. They need strong negotiation skills and financial acumen.
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Wealth Management Advisor
Average Salary: $79,237
Wealth Management Advisors help clients manage their finances. They work for companies like Edward Jones and Charles Schwab. A deep understanding of financial planning and client relationships is necessary.
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Analyst
Average Salary: $77,431
Analysts evaluate financial data to support decision-making. They work for firms like PwC and Deloitte. They need strong analytical skills and attention to detail.
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Personal Banker
Average Salary: $48,800
Personal Bankers assist clients with banking needs. They work for banks like Chase and Bank of America. Strong customer service skills and knowledge of banking products are important.
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Financial Assistant
Average Salary: $45,400
Financial Assistants support financial operations. They work for firms like KPMG and EY. Good organizational skills and knowledge of financial processes are key.
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Bank Consultant
Average Salary: $41,650
Bank Consultants advise banks on improving operations. They work for consulting firms like McKinsey and Accenture. They need strong problem-solving skills and financial expertise.
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Financial Advisor Salary in Troy, MI

How much does a Financial Advisor make in Troy, MI?

What are the highest paying cities for a Financial Advisor near Troy, MI?

What are the best paying companies for a Financial Advisor in Troy, MI?

Currently 2,084 Financial Advisor job openings, nationwide.

How's the job market for a Financial Advisor in the US?

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