Entry-Level Financial Advisor Salary in Dracut, MA: $72,614 (2026)
Quick Answer:New financial advisors entering the Dracut, MA job market in 2026 can expect a starting salary around $72,614 (BLS 10th-percentile benchmark for SOC 13-2052, projected from 2025 OEWS data). Stripping out Dracut's local price level (BEA RPP 108.5 — 9% above national), a first-year paycheck buys what $66,925 would in average-cost America. Most reach the city median ($125,197) within a few years of clinical practice.
Based on BLS state-level estimates · View source
For new graduates stepping into the financial advisory field in Dracut, Massachusetts, the entry-level financial advisor salary is generally expected to start around $72,614 in 2026. While this initial salary is significantly lower than the city median of $125,197, it represents a viable entry point into a lucrative career path. Within the first three to five years, newcomers can anticipate growth as they gain experience and skills, moving up to the 25th percentile income of $90,142, and potentially reaching the median salary as they build their client base and expertise. With a solid growth trajectory projected at 3.30% annually, this makes Dracut a promising market for recent graduates embarking on their financial advising careers in a robust economy.
About the Dracut Market
Salary estimated from Massachusetts average ($152,000) adjusted for local cost of living.
Career Earnings Timeline in Dracut
New Graduate
Early Career
Mid Career
Experienced
Salary progression estimated from BLS percentile data. Actual progression varies by employer, certifications, and specialization.
2026 Salary Percentile Distribution in Dracut
Entry-level financial advisors in Dracut, MA typically start between $72,614 and $90,142 per year (2026 est.). The full salary range spans $121,440 from the 10th to 90th percentile, with the local median at $125,197 — 15.35% above the national median.
Return on Investment
The average financial planning program cost in Massachusetts of $88,000 represents just 121.19% of the starting financial advisor pay ($72,614/year) in Dracut. Most graduates begin earning back their investment from day one, though actual ROI varies based on living expenses, loan interest, and the 2-year opportunity cost of schooling.
Program cost estimates cover bachelor's degree tuition plus licensing exam fees (Series 7, 63/66) and optional CFP certification program costs. Continuing education is required for license maintenance.
CFP, FA Salary Negotiation Tips for New Graduates in Dracut
- 1Research the Dracut market: entry-level financial advisor pay ranges from $72,614 to $90,142, so aim for at least the 25th percentile if you have strong credentials.
- 2Highlight any additional certifications or specialty training within the financial planning field — employers in MA often pay a premium for expanded scope of work.
- 3Evaluate the full compensation package — in Dracut, benefits like health insurance, continuing-education allowances, and schedule flexibility can add 20-30% to your effective compensation.
- 4Consider starting with a larger hospital system or multi-site employer in Dracut for competitive entry-level pay and structured mentorship, then move to a smaller employer once you have 2-3 years of experience.
- 5Dracut's moderate cost of living means your starting salary goes further here compared to many larger metro areas.
Financial Advisor Compensation Range
The financial advisor wage spread in Dracut is $121,440 ( 167.24%) between entry-level and top earners. Starting at $72,614, experienced hygienists can earn up to $194,054.
Represents the current salary spread across experience levels, not projected career growth rate.
2019 BLS Actual
$60,154
2025 BLS Actual
$70,294
2026 Current Est.
$72,614
2019–2027 Growth
+24.7%
Salary Trajectory for Financial Advisors in Dracut (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $60,154 | Actual |
| 2020 | $61,765 | Actual |
| 2021 | $66,625 | Actual |
| 2022 | $65,406 | Actual |
| 2023 | $68,249 | Actual |
| 2024 | $91,623 | Actual |
| 2025 | $70,294 | Actual |
| 2026(current) | $72,614 | Estimated |
| 2027 | $75,010 | Projected |
Entry-level financial advisor compensation (10th percentile) in Dracut, MA grew 16.9% over 7 years based on actual BLS metropolitan area surveys, rising from $60,154 in 2019 to $70,294 in 2025. By 2027, starting salaries are projected to reach $75,010. New graduates entering the Dracut job market can expect continued year-over-year gains.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Dracut metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 3.30% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Starting Your financial planning Career in Dracut
In Dracut, several key employers are known for hiring new financial advisors and offering structured training programs. Companies like Northwestern Mutual, Edward Jones, and MassMutual are particularly focused on this demographic, often providing performance-based incentives alongside traditional commissioning structures. This is contrasted by wirehouses, which have scaled back traditional recruiting programs, shifting instead towards mentorship models that support new financial advisors. For those looking to maximize their starting pay in MA, obtaining credentials such as the Series 7 and Series 66 licenses can greatly enhance employment prospects. Furthermore, pursuing the CFP designation can position graduates competitively within the growing fee-only RIA sector, which is outpacing traditional commission-based models. In the first few years, new advisors can expect salaries to gradually increase as they navigate early career challenges, establish credibility, and develop client relationships within Dracut's evolving financial landscape.
More salary data for Dracut, MA:
Frequently Asked Questions
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Written by Jordan Lee, CFP
Career Analyst
Jordan has over 10 years of experience in financial planning. They specialize in retirement planning for individuals. They work at a financial services firm in New York City.
Methodology & Data Source
Entry-level salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The 10th percentile (entry-level) is used as the starting salary benchmark for new financial planning graduates. A 3.30% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to project current 2026 entry-level compensation in Dracut. Program costs are averages and actual tuition varies by institution. ROI calculations are simplified estimates.
Data Sources & Methodology
Salary data for Dracut is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 3.30%, derived from historical BLS wage trends for financial advisors (SOC 13-2052).
Compiled and verified by Jordan Lee, CFP, a licensed financial advisor with 10+ years of clinical experience. · View source data at BLS.gov