How to Become a Personal Financial Advisors in New York
Personal Financial Advisors in New York earn a median salary of $166,400/year, which is 58% above the national average. New York has a state income tax of ~5.4%. After taxes and rent, a personal financial advisors takes home approximately $6,524/month. Most positions require Bachelor's degree.
What a personal financial advisors can afford in New York
Becoming a personal financial advisors in New York
Meet education requirements
Personal Financial Advisors positions in New York typically require Bachelor's degree. Programs are available at colleges and training institutions across New York. Research accredited programs in your area.
Gain required experience
Many personal financial advisors positions in New York require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain New York licensure or certification
New York may require specific licensing or professional certification for personal financial advisorss. Requirements vary by state, contact the New York Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in New York
New York employs 21,550 personal financial advisors. The highest concentrations are in New York-Newark-Jersey City and Ithaca.
Personal Financial Advisors salary by metro area in New York
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| New York-Newark-Jersey City | $170K | $81.75/hr | 23,980 |
| Ithaca | $131K | $62.95/hr | 40 |
| Syracuse | $126K | $60.78/hr | 240 |
| Albany-Schenectady-Troy | $125K | $59.91/hr | 680 |
| Utica-Rome | $123K | $59.27/hr | 90 |
| Kiryas Joel-Poughkeepsie-Newburgh | $114K | $54.86/hr | 260 |
| Buffalo-Cheektowaga | $104K | $49.83/hr | 690 |
| Binghamton | $104K | $49.8/hr | 100 |
| Rochester | $101K | $48.63/hr | 820 |
Personal Financial Advisors salary range in New York
Personal Financial Advisors careers in other states
Frequently asked questions
How much does a personal financial advisors make in New York?▼
The median personal financial advisors salary in New York is $166,400 per year ($80/hr). This is 58% above the national median of $105,070. Salaries range from $76,190 to $427,700.
What are the requirements to become a personal financial advisors in New York?▼
Personal Financial Advisors positions in New York typically require Bachelor's degree. New York may have specific licensing or certification requirements. Check with the New York licensing board or department of labor for current requirements.
Can a personal financial advisors afford to live in New York?▼
At the median salary of $166,400, a personal financial advisors in New York would take home approximately $9,629/month after taxes. With median 2-bedroom rent at $3,105/month, that's 32.2% of take-home pay going to housing. This exceeds the recommended 30% guideline.
What are the best cities for personal financial advisors in New York?▼
The highest paying metro areas for personal financial advisors in New York are New York-Newark-Jersey City ($170,050), Ithaca ($130,940), Syracuse ($126,430). However, cost of living varies significantly between metros, a higher salary may not mean more purchasing power.
Does New York have state income tax for personal financial advisors?▼
Yes, New York has a state income tax rate of approximately 5.4%. On a $166,400 salary, this means roughly $8,936/year in state income tax. Use our take-home pay calculator for a detailed breakdown.