How to Become a Personal Financial Advisors in Massachusetts
Personal Financial Advisors in Massachusetts earn a median salary of $101,320/year, which is 1% below the national average. Massachusetts has a state income tax of ~5.0%. After taxes and rent, a personal financial advisors takes home approximately $4,805/month. Most positions require Bachelor's degree.
What a personal financial advisors can afford in Massachusetts
Becoming a personal financial advisors in Massachusetts
Meet education requirements
Personal Financial Advisors positions in Massachusetts typically require Bachelor's degree. Programs are available at colleges and training institutions across Massachusetts. Research accredited programs in your area.
Gain required experience
Many personal financial advisors positions in Massachusetts require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain Massachusetts licensure or certification
Massachusetts may require specific licensing or professional certification for personal financial advisorss. Requirements vary by state — contact the Massachusetts Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in Massachusetts
Massachusetts employs 7,410 personal financial advisors. The highest concentrations are in Barnstable Town and Pittsfield.
Personal Financial Advisors salary by metro area in Massachusetts
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Barnstable Town | $135K | $64.91/hr | 110 |
| Pittsfield | $132K | $63.54/hr | 70 |
| Worcester | $111K | $53.23/hr | 240 |
| Springfield | $102K | $49.14/hr | 170 |
| Boston-Cambridge-Newton | $101K | $48.71/hr | 6,440 |
Personal Financial Advisors salary range in Massachusetts
Personal Financial Advisors careers in other states
Frequently asked questions
How much does a personal financial advisors make in Massachusetts?▼
The median personal financial advisors salary in Massachusetts is $101,320 per year ($48.71/hr). This is 1% below the national median of $102,140. Salaries range from $65,060 to $0.
What are the requirements to become a personal financial advisors in Massachusetts?▼
Personal Financial Advisors positions in Massachusetts typically require Bachelor's degree. Massachusetts may have specific licensing or certification requirements. Check with the Massachusetts licensing board or department of labor for current requirements.
Can a personal financial advisors afford to live in Massachusetts?▼
At the median salary of $101,320, a personal financial advisors in Massachusetts would take home approximately $6,217/month after taxes. With median 2-bedroom rent at $1,412/month, that's 22.7% of take-home pay going to housing. This is within the recommended 30% guideline.
What are the best cities for personal financial advisors in Massachusetts?▼
The highest paying metro areas for personal financial advisors in Massachusetts are Barnstable Town ($135,000), Pittsfield ($132,170), Worcester ($110,720). However, cost of living varies significantly between metros — a higher salary may not mean more purchasing power.
Does Massachusetts have state income tax for personal financial advisors?▼
Yes, Massachusetts has a state income tax rate of approximately 5.0%. On a $101,320 salary, this means roughly $5,066/year in state income tax. Use our take-home pay calculator for a detailed breakdown.