BLS OEWS May 2025
Associate Financial Advisor salary, Michigan
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For a Associate Financial Advisor pay comparison in Michigan, BLS reports a median annual wage of $77,930 for Personal Financial Advisors (SOC 13-2052, May 2025). This is the mapped occupation's benchmark, not a separate title-specific survey. That is $27,140 (25.8%) below the U.S. median of $105,070.
Broader occupation
BLS reports Associate Financial Advisor within a broader occupation. It does not publish separate wages for this exact title, credentials, seniority or industry. Compare the listed SOC duties with your actual role before using this range.
| Percentile | Wage | What it means |
|---|---|---|
| 10th | $44,780 | 10% of workers in this occupation and area earned less than this. |
| 25th | $49,570 | 25% earned less than this. |
| Median | $77,930 | Half earned less and half earned more. |
| 75th | $138,640 | 75% earned less than this. |
| 90th | $288,860 | 90% earned less than this. |
| Mean | $121,890 | Average wage across all workers. |
| Percentile | Wage | What it means |
|---|---|---|
| 10th | $50,190 | 10% of workers in this occupation and area earned less than this. |
| 25th | $72,440 | 25% earned less than this. |
| Median | $105,070 | Half earned less and half earned more. |
| 75th | $176,790 | 75% earned less than this. |
| 90th | $357,020 | 90% earned less than this. |
| Mean | $156,670 | Average wage across all workers. |
What BLS wages include and exclude
Wages for the OEWS survey are straight-time, gross pay, exclusive of premium pay. Base rate; cost-of-living allowances; guaranteed pay; hazardous-duty pay; incentive pay, including commissions and production bonuses; and tips are included. Excluded are overtime pay, severance pay, shift differentials, nonproduction bonuses, employer cost for supplementary benefits, and tuition reimbursements.
- Employment, area
- 6,570
- Location quotient
- 0.87
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025, released 2026-05-15. SOC 13-2052 Personal Financial Advisors, Michigan, MI. BLS source tables and downloads; release notes. Select this SOC and area in the source files; the tables index is not an exact-row link.
What changed since May 2024
| Release | Median |
|---|---|
| BLS OEWS May 2024 | $98,830 |
| BLS OEWS May 2025 | $77,930 |
The published medians differ by $20,900. Sources: U.S. Bureau of Labor Statistics, OEWS May 2024 and May 2025. This is not an annualized growth claim. Area definitions and the workers represented can change.
What belongs in the pay comparison
OEWS includes straight-time gross wages, guaranteed pay, commissions and production bonuses. It excludes overtime, shift differentials, nonproduction bonuses and employer-paid benefits. It is neither pure base salary nor total compensation. For a lending or advisory seat, this is not a base-salary-only figure. Commission and production pay can already be in the BLS wage. Separate the base, the production formula and any guaranteed draw in your offer so you do not add the same pay twice. Equity and ownership distributions are not a cash wage range for the seat.
Recruiter's read
Qualitative view from our desk. Not BLS data.
BLS reports Associate Financial Advisor within a broader occupation. It does not publish separate wages for this exact title, credentials, seniority or industry. Compare the listed SOC duties with your actual role before using this range.
Common questions
Which median is used when comparing pay for Associate Financial Advisor?
$77,930 is the annual median for Personal Financial Advisors (SOC 13-2052) in Michigan, MI, based on BLS May 2025. It is an occupation benchmark, not a separate compensation survey for this hiring title.
What does the middle half of workers earn?
The 25th percentile is $49,570 and the 75th percentile is $138,640 in Michigan, MI. That is where the middle half of workers in this occupation fall.
How many people work in this occupation?
BLS estimates 6,570 workers in Personal Financial Advisors in Michigan, MI.
What does the upper percentile show?
The 90th percentile for Personal Financial Advisors is $288,860. 10% of workers in this occupation and area earned more.
Does BLS publish this exact title?
BLS reports Associate Financial Advisor within a broader occupation. It does not publish separate wages for this exact title, credentials, seniority or industry. Compare the listed SOC duties with your actual role before using this range.
Related areas and roles
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Associate Financial Advisor in Michigan, from BLS data.
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BLS OEWS May 2025, released 2026-05-15. These are published occupation estimates, not a quote for an exact niche title. Tool calculations use BLS values or your inputs, not predictions.