How to Become a Personal Financial Advisors in Tennessee
Personal Financial Advisors in Tennessee earn a median salary of $89,390/year, which is 12% below the national average. Tennessee has no state income tax. After taxes and rent, a personal financial advisors takes home approximately $4,527/month. Most positions require Bachelor's degree.
What a personal financial advisors can afford in Tennessee
Becoming a personal financial advisors in Tennessee
Meet education requirements
Personal Financial Advisors positions in Tennessee typically require Bachelor's degree. Programs are available at colleges and training institutions across Tennessee. Research accredited programs in your area.
Gain required experience
Many personal financial advisors positions in Tennessee require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain Tennessee licensure or certification
Tennessee may require specific licensing or professional certification for personal financial advisorss. Requirements vary by state — contact the Tennessee Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in Tennessee
Tennessee employs 4,350 personal financial advisors. The highest concentrations are in Memphis and Johnson City.
Personal Financial Advisors salary by metro area in Tennessee
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Memphis | $98K | $47.24/hr | 870 |
| Johnson City | $92K | $44.22/hr | 60 |
| Nashville-Davidson--Murfreesboro--Franklin | $88K | $42.45/hr | 1,650 |
| Kingsport-Bristol | $84K | $40.47/hr | 100 |
| Clarksville | $76K | $36.38/hr | 60 |
| Jackson | $75K | $36.23/hr | 60 |
| Chattanooga | $64K | $30.83/hr | 420 |
| Knoxville | $60K | $28.79/hr | 580 |
Personal Financial Advisors salary range in Tennessee
Personal Financial Advisors careers in other states
Frequently asked questions
How much does a personal financial advisors make in Tennessee?▼
The median personal financial advisors salary in Tennessee is $89,390 per year ($42.97/hr). This is 12% below the national median of $102,140. Salaries range from $40,400 to $0.
What are the requirements to become a personal financial advisors in Tennessee?▼
Personal Financial Advisors positions in Tennessee typically require Bachelor's degree. Tennessee may have specific licensing or certification requirements. Check with the Tennessee licensing board or department of labor for current requirements.
Can a personal financial advisors afford to live in Tennessee?▼
At the median salary of $89,390, a personal financial advisors in Tennessee would take home approximately $5,939/month after taxes. With median 2-bedroom rent at $1,412/month, that's 23.8% of take-home pay going to housing. This is within the recommended 30% guideline.
What are the best cities for personal financial advisors in Tennessee?▼
The highest paying metro areas for personal financial advisors in Tennessee are Memphis ($98,260), Johnson City ($91,970), Nashville-Davidson--Murfreesboro--Franklin ($88,300). However, cost of living varies significantly between metros — a higher salary may not mean more purchasing power.
Does Tennessee have state income tax for personal financial advisors?▼
No, Tennessee does not have a state income tax. This means personal financial advisors keep more of their gross salary compared to states with income tax — a significant advantage for affordability.