How Much Do Benefits Advisors Make?

Having a clear understanding of earnings potential is important, especially if you are researching career paths or considering changing jobs. If you're one of those people, and you're curious what kind of salary benefits advisors make, you've come to the right place.

Using data from Lightcast,™ the Best Adult Colleges and Careers Guide has compiled rich information about salary for benefits advisors and related jobs, including details about average compensation, salary trends and job growth. We've also gathered advertised salaries from actual job postings to provide insight into what employers of benefits advisors are offering as compensation.

Keep reading to learn more about how much benefits advisors can expect to make in the United States.

At a Glance: Salary & Jobs for Benefits Advisors

According to data from 2023, there were about 102,187 positions for benefits advisors in the United States. In terms of salary, the national median salary for benefits advisors was reported to be $74,526. Additionally, when examining job demand, employers across the country posted 116,963 job postings related to positions for benefits advisors.

How Much Money Do Benefits Advisors Make?

Median salary is just one data point. To build a better understanding of how much money benefits advisors and related positions can expect to make in the United States, it can be helpful to look at the full range of compensation for those jobs.

Let's look more deeply at data that was reported to the U.S. Bureau of Labor Statistics (BLS) for detail into the lowest and highest salary earnings for benefits advisors.

Annual Salary for Benefits Advisors

According to the BLS, the lowest earners for benefits advisors and related professions earned about $46,051 per year in 2023. Meanwhile, at the other end of the spectrum, the highest earners made about $127,338 annually.

As mentioned previously, the median salary for benefits advisors in the United States in 2023 was $74,526.

Hourly Salary for Benefits Advisors

The BLS also breaks down compensation for benefits advisors by hourly salary, and the median average hourly pay for benefits advisors in 2023 was $36. Lowest hourly earners took home $22 while the highest reported hourly salaries for benefits advisors was $61.

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Degree Options for Benefits Advisors

Advertised Compensation for Benefits Advisors

Data from the BLS is one way to dig into compensation for benefits advisors, but another way to build a more real-time understanding of salary is to look at actual job postings and see what compensation organizations are currently providing to fill open positions for benefits advisors.

Keep in mind that salary data is not included in every job posting, so the information compiled here is reflective of the data available through Lightcast.™

Annual Salary from Job Postings for Benefits Advisors

During a review of 109,906 job postings related to benefits advisors, advertised salary was included in 44,338 of them, which was 40%. Based on those postings, the median advertised salary for benefits advisors was $63,616 per year.

Hourly Salary from Job Postings for Benefits Advisors

A similar analysis of job postings provides insight into advertised hourly salary for benefits advisors. Based on 38% of postings with advertised compensation, the median hourly salary for open positions for benefits advisors in the United States is about $31.

Salary Trend for Benefits Advisors

If you're thinking about pursuing a career in the field, you may want to understand how compensation has changed over time for benefits advisors. The chart below provides a snapshot of advertised salaries over the past three years.

Based on compensation data that was included in job postings for benefits advisors dating back to September 2020, advertised salaries for benefits advisors have increased 22%.

What's the Job Growth for Benefits Advisors?

Another data point that someone thinking about a career path should consider is whether or not jobs are expected to see growth in the future. The chart below looks at projected employment for benefits advisors over the next 10 years.

According to the data obtained through Lightcast,™ there were 102,101 jobs for benefits advisors in the United States in 2023. By 2033, it is expected that about 12,073 jobs will be added. That's a 11.8% increase over the next 10-year period.

Additional Links

Ready to dig deeper into career information about benefits advisors? Visit our other pages focused on salary and education for benefits advisors.

What do benefits advisors do?
Benefits Advisors: How do you become one?

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