How Much Do Financial Services Professionals 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 financial services professionals 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 financial services professionals 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 financial services professionals are offering as compensation.
Keep reading to learn more about how much financial services professionals can expect to make in the United States.
At a Glance: Salary & Jobs for Financial Services Professionals
According to data from 2023, there were about 495,901 positions for financial services professionals in the United States. In terms of salary, the national median salary for financial services professionals was reported to be $76,898. Additionally, when examining job demand, employers across the country posted 91,537 job postings related to positions for financial services professionals.
How Much Money Do Financial Services Professionals Make?
Median salary is just one data point. To build a better understanding of how much money financial services professionals 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 financial services professionals.
Annual Salary for Financial Services Professionals
According to the BLS, the lowest earners for financial services professionals and related professions earned about $45,427 per year in 2023. Meanwhile, at the other end of the spectrum, the highest earners made about $212,181 annually.
As mentioned previously, the median salary for financial services professionals in the United States in 2023 was $76,898.
Annual Salary Range For Financial Services Professionals In 2023
Hourly Salary for Financial Services Professionals
The BLS also breaks down compensation for financial services professionals by hourly salary, and the median average hourly pay for financial services professionals in 2023 was $37. Lowest hourly earners took home $22 while the highest reported hourly salaries for financial services professionals was $102.
Hourly Salary Range For Financial Services Professionals In 2023
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Advertised Compensation for Financial Services Professionals
Data from the BLS is one way to dig into compensation for financial services professionals, 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 financial services professionals.
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 Financial Services Professionals
Advertised Annual Salary
During a review of 110,671 job postings related to financial services professionals, advertised salary was included in 29,066 of them, which was 26%. Based on those postings, the median advertised salary for financial services professionals was $53,120 per year.
Hourly Salary from Job Postings for Financial Services Professionals
Advertised Hourly Salary
A similar analysis of job postings provides insight into advertised hourly salary for financial services professionals. Based on 32% of postings with advertised compensation, the median hourly salary for open positions for financial services professionals in the United States is about $26.
Salary Trend for Financial Services Professionals
If you're thinking about pursuing a career in the field, you may want to understand how compensation has changed over time for financial services professionals. 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 financial services professionals dating back to September 2020, advertised salaries for financial services professionals have decreased 8%.
Advertised Wage Trend For Financial Services Professionals
What's the Job Growth for Financial Services Professionals?
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 financial services professionals over the next 10 years.
According to the data obtained through Lightcast,™ there were 496,027 jobs for financial services professionals in the United States in 2023. By 2033, it is expected that about 48,856 jobs will be added. That's a 9.8% increase over the next 10-year period.
Employment Projections For Financial Services Professionals
Additional Links
Ready to dig deeper into career information about financial services professionals? Visit our other pages focused on salary and education for financial services professionals.
What do financial services professionals do?
Financial Services Professionals: How do you become one?
All Occupations
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