How Much Do Wealth Management Associates 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 wealth management associates 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 wealth management associates 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 wealth management associates are offering as compensation.

Keep reading to learn more about how much wealth management associates can expect to make in the United States.

At a Glance: Salary & Jobs for Wealth Management Associates

According to data from 2023, there were about 280,616 positions for wealth management associates in the United States. In terms of salary, the national median salary for wealth management associates was reported to be $99,590. Additionally, when examining job demand, employers across the country posted 68,442 job postings related to positions for wealth management associates.

How Much Money Do Wealth Management Associates Make?

Median salary is just one data point. To build a better understanding of how much money wealth management associates 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 wealth management associates.

Annual Salary for Wealth Management Associates

According to the BLS, the lowest earners for wealth management associates and related professions earned about $48,734 per year in 2023. Meanwhile, at the other end of the spectrum, the highest earners made about $258,453 annually.

As mentioned previously, the median salary for wealth management associates in the United States in 2023 was $99,590.

Hourly Salary for Wealth Management Associates

The BLS also breaks down compensation for wealth management associates by hourly salary, and the median average hourly pay for wealth management associates in 2023 was $48. Lowest hourly earners took home $23 while the highest reported hourly salaries for wealth management associates was $124.

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Degree Options for Wealth Management Associates

Advertised Compensation for Wealth Management Associates

Data from the BLS is one way to dig into compensation for wealth management associates, 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 wealth management associates.

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 Wealth Management Associates

During a review of 73,805 job postings related to wealth management associates, advertised salary was included in 22,766 of them, which was 31%. Based on those postings, the median advertised salary for wealth management associates was $70,016 per year.

Hourly Salary from Job Postings for Wealth Management Associates

A similar analysis of job postings provides insight into advertised hourly salary for wealth management associates. Based on 33% of postings with advertised compensation, the median hourly salary for open positions for wealth management associates in the United States is about $34.

Salary Trend for Wealth Management Associates

If you're thinking about pursuing a career in the field, you may want to understand how compensation has changed over time for wealth management associates. 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 wealth management associates dating back to September 2020, advertised salaries for wealth management associates have decreased 12%.

What's the Job Growth for Wealth Management Associates?

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 wealth management associates over the next 10 years.

According to the data obtained through Lightcast,™ there were 280,848 jobs for wealth management associates in the United States in 2023. By 2033, it is expected that about 45,341 jobs will be added. That's a 16.1% increase over the next 10-year period.

Additional Links

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

What do wealth management associates do?
Wealth Management Associates: How do you become one?

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