Salary distribution
Where Michigan personal financial advisors fall on the wage curve.
Distribution not available
The Bureau of Labor Statistics suppresses wage percentiles for this occupation and state when the surveyed cell has too few employers to publish without revealing individual firm pay. National figures and adjacent states below remain a useful reference.
Personal Financial Advisors pay by experience level in Michigan
Each band reflects DOL Wage Levels I-IV mapped onto a four-step ladder. Click a level to see the disclosed-wage range for that segment.
Wage trend
Median annual wage in Michigan over the past 2 BLS OES releases. Real values are CPI-adjusted to 2024 dollars.
Typical entry
Education
Bachelor's degree
Experience
None
On-the-job training
Long-term on-the-job training
Top skills (O*NET)
- 4.5 / 5
Customer and Personal Service
Knowledge
- 4.0 / 5
Economics and Accounting
Knowledge
- 4.0 / 5
Speaking
Basic skill
- 4.0 / 5
Writing
Basic skill
- 4.0 / 5
Active Listening
Basic skill
- 4.0 / 5
Reading Comprehension
Basic skill
- 4.0 / 5
English Language
Knowledge
- 4.0 / 5
Oral Comprehension
Ability
Common tasks (O*NET)
- 01
Interview clients to determine their current income, expenses, insurance coverage, tax status, financial objectives, risk tolerance, or other information needed to develop a financial plan.
- 02
Recommend to clients strategies in cash management, insurance coverage, investment planning, or other areas to help them achieve their financial goals.
- 03
Manage client portfolios, keeping client plans up-to-date.
- 04
Implement financial planning recommendations, or refer clients to someone who can assist them with plan implementation.
- 05
Analyze financial information obtained from clients to determine strategies for meeting clients' financial objectives.
- 06
Answer clients' questions about the purposes and details of financial plans and strategies.
- 07
Review clients' accounts and plans regularly to determine whether life changes, economic changes, environmental concerns, or financial performance indicate a need for plan reassessment.
- 08
Contact clients periodically to determine any changes in their financial status.
10-year outlook
Growth 2024 → 2034
+9.6%
Projected annual openings
—
BLS outlook
Growing faster than average
Source: BLS Employment Projections, 2024–2034 cycle.
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Metro-level salary data for personal financial advisors in major Michigan metropolitan areas.
- Detroit$99,600
Compare Personal Financial Advisors pay across nearby states
Frequently asked questions
- What is the median salary for Personal Financial Advisors in Michigan?
- According to BLS Occupational Employment Statistics, the median annual wage for Personal Financial Advisors in Michigan is $98,830.
- How does Michigan compare to the national median for Personal Financial Advisors?
- The Michigan median is -3.1% versus the BLS national figure of $101,950.
- Is Personal Financial Advisors a growing field?
- BLS Employment Projections show employment growing by 9.6% over the projection cycle. See the 10-year outlook section above for details.
- What education is required for Personal Financial Advisors?
- BLS lists the typical entry-level education as Bachelor's degree. Many employers also weigh prior experience and credentials.
Information on this page is for general educational purposes only. It is not career, financial, or tax advice. Wage data reflects BLS estimates for the reference year shown and may not match individual offers, employer-specific ranges, or current market conditions. Confirm with a licensed professional before making career or compensation decisions.