Personal Financial Advisors
Income Percentile Results
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Income Percentile Stats
- To be in the top 1% for this age range, your household would need an income of $645,352 per year. This would include salary, investments, and any business income.
- To be in the top 5% for this age range, your household would need an income of $471,114 per year. This would include salary, investments, and any business income.
Income of Personal Financial Advisors by Highest Education LevelTotal Income of $10,000 ranks for education levels:
- Compared to Doctoral degree holders this ranks between the 0.8th and 1.8th percentiles.
- Compared to Professional degree beyond a Bachelor's degree holders this ranks between the 1.9th and 3.2th percentiles.
- Compared to Master's degree holders this ranks between the 1.5th and 2.9th percentiles.
- Compared to Bachelor's degree holders this ranks between the 2.2th and 4.5th percentiles.
- Compared to HS Diploma / GED degree holders this ranks between the 4.2th and 7.8th percentiles.
Income Percentile Distribution by Education LevelHighest Level of Education for Personal Financial Advisors:
- Other (N/A or Less than HS): 0.4%
- HS Diploma / GED: 4.1%
- Associates Degree and Some College: 15.5%
- Bachelors Degree: 54.3%
- Masters Degree: 20.8%
- Professional Degree beyond a Bachelors: 4%
- Doctoral Degree (PHd) : 0.9%
Most Common Bachelors Degree Majors
- For Business undergraduate majors this income ranks between the 1.8th and 4.1th percentiles.
- For Social Sciences undergraduate majors this income ranks between the 1.8th and 3.8th percentiles.
- For Communications undergraduate majors this income ranks between the 2.9th and 5.1th percentiles.
- For Engineering undergraduate majors this income ranks between the 2th and 2.9th percentiles.
- For Psychology undergraduate majors this income ranks between the 2.6th and 4.4th percentiles.
- For Education Administration and Teaching undergraduate majors this income ranks between the 1.5th and 6.4th percentiles.
- For History undergraduate majors this income ranks between the 3.6th and 7.7th percentiles.
- For English Language, Literature, and Composition undergraduate majors this income ranks between the 6.3th and 10.2th percentiles.
- For Computer and Information Sciences undergraduate majors this income ranks between the 4.7th and 5.5th percentiles.
- For Fine Arts undergraduate majors this income ranks between the 0.9th and 3.4th percentiles.
Treemap of Undergraduate Majors
Methodology and Assumptions
This data was sourced from the person-level data recorded by the American Communities Survey. The version of the survey used was the most recent 5 year revision for data recorded from 2013-2017. These results represent 347,506 Personal Financial Advisors. The occupation code that was used to generate these results e was 0850 to read more about the occupation codes that the ACS and Census use. These results were generated in R using raw data from the ACS and precalculated in a batch. This data includes all individual income for the survey respondent, so some of the people may have a wage job as well as other income sources. I did not limit to wage income, because many occupations have high portions of entrepreneurs (CEOs, doctors, tradespeople).Exclusions and Filters Applied:
- Filtered for people who reported working at least 30 hours a week.
- High School Graduates and GED graduates were original 2 separate categories that I combined.
- Anything below High School Graduates is combined into a separate category. I did not include these on the page for space reason but I can. The data has data for associate degree holders and some college and these values are mostly in between the high school and bachelors samples. There doesn't seem to be a significant difference between some college and an associates degree.
- All ages are included and not separated. I did some initial testing and there is a difference if the data is split out by age, but I wasn't able to consolidate the data into a way that would make it fast to interact with and avoid being too complicated.
- There may be some confusion around a masters degree vs a professional degree beyond a masters. This was a distinction made in the original raw data that I decided to keep. Because the data is collected by polling people individually, some of the respondents may have mixed up the difference depending on how they phrased their response.
- Masters Degree : MBA, Masters in Something
- Professional Degree beyond a Bachelors Degree: Law Degree, Medical School, generally these degrees are credentials for specific careers.
- Doctoral Degree: PHd