How to Become a Personal Financial Advisors in New Jersey
Personal Financial Advisors in New Jersey earn a median salary of $123,690/year, which is 21% above the national average. New Jersey has a state income tax of ~4.7%. After taxes and rent, a personal financial advisors takes home approximately $6,050/month. Most positions require Bachelor's degree.
What a personal financial advisors can afford in New Jersey
Becoming a personal financial advisors in New Jersey
Meet education requirements
Personal Financial Advisors positions in New Jersey typically require Bachelor's degree. Programs are available at colleges and training institutions across New Jersey. Research accredited programs in your area.
Gain required experience
Many personal financial advisors positions in New Jersey require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain New Jersey licensure or certification
New Jersey may require specific licensing or professional certification for personal financial advisorss. Requirements vary by state — contact the New Jersey Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in New Jersey
New Jersey employs 6,830 personal financial advisors. The highest concentrations are in Atlantic City-Hammonton and Trenton-Princeton.
Personal Financial Advisors salary by metro area in New Jersey
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Atlantic City-Hammonton | $112K | $53.66/hr | 120 |
| Trenton-Princeton | $103K | $49.32/hr | 690 |
Personal Financial Advisors salary range in New Jersey
Personal Financial Advisors careers in other states
Frequently asked questions
How much does a personal financial advisors make in New Jersey?▼
The median personal financial advisors salary in New Jersey is $123,690 per year ($59.47/hr). This is 21% above the national median of $102,140. Salaries range from $64,170 to $0.
What are the requirements to become a personal financial advisors in New Jersey?▼
Personal Financial Advisors positions in New Jersey typically require Bachelor's degree. New Jersey may have specific licensing or certification requirements. Check with the New Jersey licensing board or department of labor for current requirements.
Can a personal financial advisors afford to live in New Jersey?▼
At the median salary of $123,690, a personal financial advisors in New Jersey would take home approximately $7,462/month after taxes. With median 2-bedroom rent at $1,412/month, that's 18.9% of take-home pay going to housing. This is within the recommended 30% guideline.
What are the best cities for personal financial advisors in New Jersey?▼
The highest paying metro areas for personal financial advisors in New Jersey are Atlantic City-Hammonton ($111,600), Trenton-Princeton ($102,590). However, cost of living varies significantly between metros — a higher salary may not mean more purchasing power.
Does New Jersey have state income tax for personal financial advisors?▼
Yes, New Jersey has a state income tax rate of approximately 4.7%. On a $123,690 salary, this means roughly $5,753/year in state income tax. Use our take-home pay calculator for a detailed breakdown.