The associate investment advisor is an entry-level position in the investment advisory industry. Understanding the salary level and future salary growth trends of this position can help those who want to enter this industry make better career choices. This article will analyze the average salary of associate investment advisors from multiple dimensions such as region, company scale, years of experience, and future salary growth.
Average salary range of associate investment advisors
According to industry survey data, the average annual salary of associate investment advisors in the United States ranges from $60,000 to $90,000. New York and California, as the country’s top financial centers, offer higher average salaries at $80,000 to $100,000. In southern and midwestern regions, the average salary level is roughly $60,000 to $80,000.
Salary differences between large and small investment advisory firms
Large, reputable investment advisory firms tend to offer higher salaries to attract top talents. For example, Vanguard and Fidelity, two giants in the investment advisory industry, provide average starting salaries of $80,000 to $90,000 for associate positions. Smaller boutique advisory firms offer lower starting salaries, normally ranging between $60,000 and $70,000.
Salary growth with years of experience
As associate investment advisors gain more experience and develop professional expertise, their salary levels increase correspondingly. Those with 3 to 5 years of experience can typically earn around $100,000 to $120,000 annually. For advisors with over 5 years of experience, it is common to see salaries exceeding $150,000.
Bright long-term salary growth outlook
The investment advisory industry enjoys stable, long-term growth. As more retail and institutional investors seek professional advisory services, career development outlook remains optimistic for investment advisors at all levels. Top performers could quickly grow their compensation to over $300,000 annually through client asset growth and performance bonuses.
In summary, associate investment advisors in the U.S. earn $60,000 to $90,000 on average currently. Those working in major financial hubs and large firms receive salaries at the higher end. With 3-5 years of experience, salaries typically exceed $100k. Long term career growth prospects appear bright.