How to Become a Personal Financial Advisors in Texas
Personal Financial Advisors in Texas earn a median salary of $99,160/year, which is 6% below the national average. Texas has no state income tax. After taxes and rent, a personal financial advisors takes home approximately $5,333/month. Most positions require Bachelor's degree.
What a personal financial advisors can afford in Texas
Becoming a personal financial advisors in Texas
Meet education requirements
Personal Financial Advisors positions in Texas typically require Bachelor's degree. Programs are available at colleges and training institutions across Texas. Research accredited programs in your area.
Gain required experience
Many personal financial advisors positions in Texas require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain Texas licensure or certification
Texas may require specific licensing or professional certification for personal financial advisorss. Requirements vary by state, contact the Texas Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in Texas
Texas employs 18,200 personal financial advisors. The highest concentrations are in Texarkana and San Antonio-New Braunfels.
Personal Financial Advisors salary by metro area in Texas
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Texarkana | $120K | $57.89/hr | 50 |
| San Antonio-New Braunfels | $101K | $48.76/hr | 1,590 |
| El Paso | $100K | $47.93/hr | 110 |
| Midland | $99K | $47.56/hr | 70 |
| Houston-Pasadena-The Woodlands | $99K | $47.56/hr | 4,130 |
| Austin-Round Rock-San Marcos | $96K | $46.15/hr | 2,010 |
| Tyler | $84K | $40.43/hr | 130 |
| Longview | $84K | $40.39/hr | 90 |
| Amarillo | $84K | $40.36/hr | 130 |
| College Station-Bryan | $84K | $40.33/hr | 80 |
| Abilene | $84K | $40.32/hr | 50 |
| Lubbock | $82K | $39.44/hr | 160 |
| Wichita Falls | $79K | $38.08/hr | 60 |
| McAllen-Edinburg-Mission | $72K | $34.38/hr | 110 |
| Beaumont-Port Arthur | $64K | $30.79/hr | 110 |
Personal Financial Advisors salary range in Texas
Personal Financial Advisors careers in other states
Frequently asked questions
How much does a personal financial advisors make in Texas?▼
The median personal financial advisors salary in Texas is $99,160 per year ($47.67/hr). This is 6% below the national median of $105,070. Salaries range from $46,450 to $359,040.
What are the requirements to become a personal financial advisors in Texas?▼
Personal Financial Advisors positions in Texas typically require Bachelor's degree. Texas may have specific licensing or certification requirements. Check with the Texas licensing board or department of labor for current requirements.
Can a personal financial advisors afford to live in Texas?▼
At the median salary of $99,160, a personal financial advisors in Texas would take home approximately $6,512/month after taxes. With median 2-bedroom rent at $1,179/month, that's 18.1% of take-home pay going to housing. This is within the recommended 30% guideline.
What are the best cities for personal financial advisors in Texas?▼
The highest paying metro areas for personal financial advisors in Texas are Texarkana ($120,420), San Antonio-New Braunfels ($101,430), El Paso ($99,700). However, cost of living varies significantly between metros, a higher salary may not mean more purchasing power.
Does Texas have state income tax for personal financial advisors?▼
No, Texas 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.