Entry-Level Financial Advisor Salary in Bloomington, MN: $60,859 (2026)
Quick Answer:New financial advisors entering the Bloomington, MN job market in 2026 can expect a starting salary around $60,859 (BLS 10th-percentile benchmark for SOC 13-2052, projected from 2025 OEWS data). Stripping out Bloomington's local price level (BEA RPP 98.5 — 1% below national), a first-year paycheck buys what $61,786 would in average-cost America. Most reach the city median ($104,930) within a few years of clinical practice.
Based on BLS state-level estimates · View source
In 2026, the entry-level financial advisor salary in Bloomington is projected to start at around $60,859. This figure may be seen as modest when compared to the city's median annual salary for financial advisors, which stands at $104,930. Nevertheless, there's a clear growth trajectory for new graduates entering the industry. Over the first few years, starting individuals can anticipate salary increases, with the potential to reach the 25th percentile earning $75,549, as they gain experience and develop their client base. Given this compensation structure, Bloomington presents a balanced market for new graduates, offering opportunities that align with competitive salary expectations while ensuring newcomers can grow their earnings over time in a supportive environment.
About the Bloomington Market
Salary estimated from Minnesota average ($108,000) adjusted for local cost of living.
Career Earnings Timeline in Bloomington
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 Bloomington
Entry-level financial advisors in Bloomington, MN typically start between $60,859 and $75,549 per year (2026 est.). The full salary range spans $101,783 from the 10th to 90th percentile, with the local median at $104,930 — 3.32% below the national median.
Return on Investment
The average financial planning program cost in Minnesota of $52,000 represents just 85.44% of the starting financial advisor pay ($60,859/year) in Bloomington. 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 Bloomington
- 1Research the Bloomington market: entry-level financial advisor pay ranges from $60,859 to $75,549, 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 MN often pay a premium for expanded scope of work.
- 3Evaluate the full compensation package — in Bloomington, 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 Bloomington for competitive entry-level pay and structured mentorship, then move to a smaller employer once you have 2-3 years of experience.
- 5Bloomington'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 Bloomington is $101,783 ( 167.24%) between entry-level and top earners. Starting at $60,859, experienced hygienists can earn up to $162,642.
Represents the current salary spread across experience levels, not projected career growth rate.
2019 BLS Actual
$50,416
2025 BLS Actual
$58,915
2026 Current Est.
$60,859
2019–2027 Growth
+24.7%
Salary Trajectory for Financial Advisors in Bloomington (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $50,416 | Actual |
| 2020 | $51,766 | Actual |
| 2021 | $55,840 | Actual |
| 2022 | $54,818 | Actual |
| 2023 | $57,201 | Actual |
| 2024 | $60,001 | Actual |
| 2025 | $58,915 | Actual |
| 2026(current) | $60,859 | Estimated |
| 2027 | $62,868 | Projected |
Entry-level financial advisor compensation (10th percentile) in Bloomington, MN grew 16.9% over 7 years based on actual BLS metropolitan area surveys, rising from $50,416 in 2019 to $58,915 in 2025. By 2027, starting salaries are projected to reach $62,868. New graduates entering the Bloomington job market can expect continued year-over-year gains.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Bloomington 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 Bloomington
Several prominent employers in Bloomington actively recruit new graduates as financial advisors, including established firms such as Northwestern Mutual, Edward Jones, and MassMutual. These organizations typically offer structured onboarding programs that combine salary with commission-based pay, making them attractive for entry-level professionals. Additionally, Registered Investment Advisors (RIAs) often seek candidates from the CFP candidate pool, providing a clear path toward client service roles that can lead to higher salaries. To enhance starting financial advisor pay in MN, obtaining credentials like a Series 7 and Series 66, along with considering the CFP designation, can be advantageous. As the industry shifts towards a model prioritizing fiduciary duties, fresh graduates seeking to elevate their careers should focus on developing skills that align with fee-based compensation structures prevalent in RIAs, ultimately creating realistic expectations for salary growth in their first three years.
More salary data for Bloomington, MN:
Frequently Asked Questions
What is the starting salary for financial advisors in Bloomington in 2026?
How fast do financial advisor salaries grow in Bloomington?
Is financial planning school worth it in Bloomington?
What do new financial advisors make right out of school in Bloomington?
How do I become a financial advisor in Minnesota?
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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 Bloomington. Program costs are averages and actual tuition varies by institution. ROI calculations are simplified estimates.
Data Sources & Methodology
Salary data for Bloomington 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