How much does a Financial Advisor make in Troy, MI?
Financial Advisors in Troy, MI can expect to earn a competitive salary. On average, these professionals make about $111,345 each year. This figure provides a solid foundation for many who seek to build their careers in financial services. As this role involves a lot of responsibility, it also comes with the potential for higher earnings as experience and expertise grow.
The salary range for Financial Advisors in Troy shows a broad spectrum. At the lower end, some earn around $63,450 annually. At the higher end, top earners can reach up to $162,500 per year. This range highlights the potential for growth. Successful advisors often increase their income through promotions, additional certifications, or by building a larger client base. These are key factors that contribute to higher earnings in this profession.
What are the highest paying cities for a Financial Advisor near Troy, MI?

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Sterling Heights, MI
Average Salary: $201,201
In Sterling Heights, opportunities abound in the financial sector. With companies like Fifth Third Bank and Ally Financial, professionals can find roles that offer competitive benefits. The community supports a healthy work-life balance.
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Farmington Hills, MI
Average Salary: $104,794
Farmington Hills offers a bustling job market for those in the finance industry. Notable firms like TCF Bank and KeyBank provide various positions. Working here means access to many resources for career growth.
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Birmingham, MI
Average Salary: $95,710
Birmingham, known for its upscale atmosphere, is home to prestigious financial firms. Working here can connect you with major banks and investment companies. The city emphasizes professional development and networking opportunities.
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Southfield, MI
Average Salary: $82,675
Southfield offers a dynamic environment for finance professionals. Large companies like Comerica Bank and Guardian Investment Management provide diverse opportunities. The city’s strong financial sector supports continuous learning and growth.
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Novi, MI
Average Salary: $73,042
Novi’s growing economy has opened up many jobs in the financial services field. Companies like Ally Financial and DTE Energy offer rewarding careers. The city’s family-friendly environment makes it an attractive place to work.
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Dearborn, MI
Average Salary: $72,400
Dearborn features a strong job market for finance experts. With firms like Ford Motor Credit and Comerica Bank, there are many options for career advancement. The city's rich cultural diversity adds to the vibrant work atmosphere.
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Pontiac, MI
Average Salary: $65,887
Pontiac offers a range of opportunities in the finance sector. Working for companies like PNC Financial Services and Fifth Third Bank can lead to a fulfilling career. The city’s commitment to education makes it a great place for professional development.
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Livonia, MI
Average Salary: $57,660
Livonia provides a supportive environment for those in finance. Key employers like Huntington Bank and Fifth Third Bank offer robust career paths. The city values community involvement, enriching the workplace experience.
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Clawson, MI
Average Salary: $52,075
Clawson, with its small-town feel, has a growing finance industry. Local banks like TCF Bank offer stable positions. Working here means enjoying a close-knit community that supports career growth and personal well-being.
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What are the best paying companies for a Financial Advisor in Troy, MI?

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Northwestern Mutual
Average Salary: $141,035
Northwestern Mutual is a top firm for Financial Advisor jobs in Troy, MI. They offer high pay and excellent benefits. Financial advisors here focus on long-term client relationships and provide personalized financial plans. Northwestern Mutual operates nationally, helping clients with life insurance, retirement plans, and investments.
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Financial Services of America
Average Salary: $117,700
Financial Services of America is known for its competitive salaries for Financial Advisors. They offer a comprehensive training program and excellent support. Advisors here work on a variety of financial products, helping clients with wealth management and retirement planning. The company has branches across the U.S.
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Prudential
Average Salary: $108,333
Prudential provides a solid salary for Financial Advisors in Troy, MI. They emphasize client satisfaction and offer extensive training. Advisors here specialize in life insurance, annuities, and retirement plans. Prudential operates globally, with a strong presence in many major markets.
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Charles Schwab
Average Salary: $77,875
Charles Schwab offers a respectable salary for Financial Advisors. They focus on client-centered services and provide robust support systems. Advisors here manage investment portfolios, retirement plans, and wealth management. Charles Schwab is well-known across the U.S. for its brokerage services.
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Ameriprise Financial
Average Salary: $76,429
Ameriprise Financial offers a good salary for Financial Advisors in Troy, MI. They offer a strong training program and lots of resources. Advisors here help clients with financial planning, investments, and retirement solutions. Ameriprise Financial has a wide reach, with offices across many U.S. states.
What are the best paying Financial Advisor related jobs in Troy, MI?

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Portfolio Manager
Average Salary: $167,300
Portfolio managers oversee client investments, aligning them with goals. They work for firms like Vanguard and Fidelity. They analyze market trends to make smart investment choices.
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Underwriter
Average Salary: $117,428
Underwriters assess the risk of offering financial products. They work at companies like American Express and Discover. They review applications and decide on approvals or rejections.
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Acquisitions Specialist
Average Salary: $95,686
These specialists handle mergers and acquisitions. They work for investment firms like Goldman Sachs. They analyze potential deals and ensure they meet company goals.
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Investment Banker
Average Salary: $81,143
Investment bankers help companies raise capital. They work for firms like JPMorgan Chase. They advise on mergers, acquisitions, and securities offerings.
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Wealth Management Advisor
Average Salary: $76,385
Wealth management advisors help clients manage their assets. They work for firms like Edward Jones and Merrill Lynch. They offer tailored financial advice and investment strategies.
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Analyst
Average Salary: $73,315
Analysts study financial data to support decision-making. They work for companies like PricewaterhouseCoopers and Deloitte. They prepare reports and forecasts to guide business strategies.
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Risk Specialist
Average Salary: $56,310
Risk specialists identify and manage financial risks. They work at banks like Wells Fargo and Chase. They develop strategies to mitigate potential financial losses.
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Personal Banker
Average Salary: $47,450
Personal bankers assist customers with their financial needs. They work at banks like Bank of America and Citibank. They provide services like account management and loan applications.
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Financial Assistant
Average Salary: $45,400
Financial assistants support financial operations. They work at firms like Deloitte and KPMG. They handle tasks like data entry and preparing financial reports.
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Bank Consultant
Average Salary: $43,850
Bank consultants offer expert advice to financial institutions. They work for consulting firms like Accenture and PwC. They help banks improve operations and services.
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