The annual salary statistics of personal financial advisors in Baltimore-Towson, Maryland is shown in Table 1. The wage statistics of personal financial advisors in Baltimore-Towson is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $50,030 |
| 25th Percentile Wage | $66,060 |
| 50th Percentile Wage | $95,130 |
| 75th Percentile Wage | $158,000 |
| 90th Percentile Wage | $203,690 |
Table 1 shows the average annual salary for personal financial advisors in Baltimore-Towson, Maryland in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $203,690. The median (50th percentile) annual salary is $95,130. The average annual salary for the bottom 10 percent earners is $50,030.
The table and chart below show the trend of the median salary of personal financial advisors from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $95,130 | -0.39% | 22.04% |
| 2021 | $95,500 | 14.58% | - |
| 2020 | $81,580 | -0.27% | - |
| 2019 | $81,800 | -10.33% | - |
| 2018 | $90,250 | 11.22% | - |
| 2017 | $80,120 | 0.70% | - |
| 2016 | $79,560 | 8.06% | - |
| 2015 | $73,150 | -9.04% | - |
| 2014 | $79,760 | 7.42% | - |
| 2013 | $73,840 | -0.43% | - |
| 2012 | $74,160 | - | - |
From Table 3 we note that with a median annual salary of $95,130, Baltimore-Towson is the second highest paying city for personal financial advisors in state of Maryland, following the highest paying city Salisbury (median annual salary of $103,460). Compared with Salisbury, the median annual salary of personal financial advisors in Baltimore-Towson is 8.1 percent (8.1%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Salisbury | |
| Baltimore-Towson | |
| Bethesda-Rockville-Frederick | |
| Maryland nonmetropolitan area | |
| Upper Eastern Shore nonmetropolitan area |