How adviser salaries stack up to other jobs

Median compensation hovers just under $100,000 on the low end and reaches nearly $300,000 for bosses

Oct 16, 2017 @ 11:34 am

By InvestmentNews Research

It's only natural to wonder how much you could be making if you had dedicated your life to another profession, such as information technology, engineering or medicine.

Scroll down our listicle to find out! You can see how most financial advice industry roles pay compared to other careers and how long it's taking in different professions to rake in six-figure salaries.

We compared data from the recent InvestmentNews 2017 Adviser Compensation & Staffing Study, which collected compensation information from more than 350 firms for over 4,300 positions, against data gathered from Salary.com to evaluate how adviser compensation compares to other seasoned professionals in the workforce today.

(More: Advice firms in a tricky financial position)

Here is how they stacked up.

For more details on the 30 unique positions, visit investmentnews.com/dashboard.

1. Service Adviser vs. Software Developer

Service Adviser

Median Total Compensation: $97,255

Years of Experience: 9

Title Description: Manages existing client relationships, in some cases with a more experienced adviser. The position may be responsible for formulating and implementing advice but may also rely on technical specialists to develop recommendations within an individual specialist's area of expertise.

Senior Software Developer

Median Total Compensation: $95,125

Years of Experience: 5–6

Title Description: Consults with clients and other project team members to design, build and manage websites. Develops installation programs for websites.

2. Senior Portfolio Manager vs. Electrical Engineer

Senior Portfolio Manager

Median Total Compensation: $150,000

Years of Experience: 12

Title Description: Actively manages a client portfolio using individual securities or a combination of securities and third-party managers. In some cases, participates in or develops investment strategy. This position is an internal manager, rather than a client relationship manager.

Electrical Engineer

Median Total Compensation: $136,825

Years of Experience: 10–14

Title Description: Responsible for the design, development, and testing of electrical equipment, components, or systems. Applies mathematical and engineering principles and methods to electrical system designs.

3. Lead advisers vs. Information Security Director

Lead advisers

Median Total Compensation: $163,190

Years of Experience: 17

Title Description: Primary managers of the client relationship and are the most experienced advisers in the firm. The position has responsibility for managing existing client relationships, and formulating and implementing advice, but may rely on investment specialists or service advisers to develop recommendations within an individual specialist's area of expertise.

Information Security Director

Median Total Compensation: $165,934

Years of Experience: 10–14

Title Description: Establishes and administers the overall strategies and procedures for the information security function. Develops and implements information security and disaster recovery programs in accordance with organizational information security standards.

4. COO vs. Psychiatrist

Chief Operating Officer

Median Total Compensation: $200,000

Years of Experience: 20

Title Description: Has primary responsibility for the firm's operations. In some cases, develops new business, manages relationships, provides advice or services clients.

Psychiatrist

Median Total Compensation: $215,290

Years of Experience: 10–14

Title Description: Evaluates patients for mental, emotional or behavioral disorders. Diagnoses disorders, including nature and extent, and determines the appropriate course of treatment for the patient. Prescribes medication when necessary.

5. Practicing Partners vs. Patent Attorneys

Practicing Partner

Median Total Compensation: $247,000

Years of Experience: 20

Title Description: Has broad responsibilities in the areas of new business development, client relationships, service and management. With the CEO/partners, makes leadership, planning and executive management decisions to achieve the firm's strategic objectives.

Patent Attorney

Median Total Compensation: $233,560

Years of Experience: 10–15

Title Description: Plans and directs all aspects of an organization's patent related legal issues. Provides patent expertise to other departments where needed.

6. CEOs vs. Surgeons

Chief Executive Officer

Median Total Compensation: $299,920

Years of Experience: 27

Title Description: Serves as the head of the firm and makes leadership, planning and broad executive management decisions to achieve the firm's strategic objectives. Develops new business, manages relationships, provides advice and, in some cases, services clients.

Surgeon

Median Total Compensation: $371,248

Years of Experience: 10–14

Title Description: Performs surgery to prevent and correct injuries, deformities, diseases or improve patient function, appearance or quality of life.

Sources: InvestmentNews 2017 Adviser Compensation & Staffing Study and Salary.com

Web production by Ellie Zhu

0
Comments

What do you think?

View comments

Recommended for you

Does your pay stack up?

The Adviser Research Dashboard

Based on data collected through InvestmentNews' annual adviser research studies, this interactive, customizable tool allows you to view detailed data on compensation, staffing and financial performance practices from across the industry.

Learn more »

Upcoming Event

Apr 30

Conference

Retirement Income Summit

Join InvestmentNews at the 12th annual Retirement Income Summit - the industry's premier retirement planning conference.Much has changed - and much remains to be learned. Attend and discuss how the future is full of opportunity for ... Learn more

Featured video

Events

Identifying unconventional risk and finding a secret weapon in client portfolios

Advisers are hungry to find new alternative investment opportunities. But Rupal Bhansali of Ariel Investments says the secret weapon could be right under your nose - in cash.

Latest news & opinion

Raymond James executives call on industry to keep broker protocol

Also ask firms to pay for the administration of the protocol to 'ensure its longevity and relevance.'

Senate committee approves tax plan but full passage not assured

Several Republican senators expressed reservations about the bill, and the GOP cannot afford too many defections.

House passes tax bill, focus turns to Senate

Tax reform legislation expected to have more of a challenge in upper chamber.

SEC enforcement of advisers drops in Trump era

The agency pursued 82 cases against advisers and firms in fiscal year 2017, down from 98 the previous year.

PIABA accuses Finra of conflicts of interest

Public Investors Arbitration Bar Association report slams self-regulator over its picks for board of governors.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print