Entry-Level Financial Advisor Salary in Hempstead, NY: $71,313 (2026)
Quick Answer:New financial advisors entering the Hempstead, NY job market in 2026 can expect a starting salary around $71,313 (BLS 10th-percentile benchmark for SOC 13-2052, projected from 2025 OEWS data). Stripping out Hempstead's local price level (BEA RPP 115.9 — 16% above national), a first-year paycheck buys what $61,530 would in average-cost America. Most reach the city median ($122,953) within a few years of clinical practice.
Based on BLS state-level estimates · View source
In 2026, new graduates entering the financial advising field in Hempstead can expect a starting financial advisor salary around $71,313, which sets a solid foundation for their early careers. While this figure is considerably lower than the city’s median salary of $122,953, it represents a typical entry point for those just stepping into the profession. Over the first few years, entry-level advisors can anticipate growth as they build experience and develop their client bases, potentially reaching the 25th percentile earning of $88,526 within two to three years. With Hempstead's projected annual growth rate of 3.30%, the local market appears favorable, providing opportunities for new grads to carve out successful careers in financial advising.
About the Hempstead Market
Salary estimated from New York average ($168,000) adjusted for local cost of living.
Career Earnings Timeline in Hempstead
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 Hempstead
Entry-level financial advisors in Hempstead, NY typically start between $71,313 and $88,526 per year (2026 est.). The full salary range spans $119,264 from the 10th to 90th percentile, with the local median at $122,953 — 13.28% above the national median.
Return on Investment
The average financial planning program cost in New York of $82,000 represents just 114.99% of the starting financial advisor pay ($71,313/year) in Hempstead. 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 Hempstead
- 1Research the Hempstead market: entry-level financial advisor pay ranges from $71,313 to $88,526, 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 NY often pay a premium for expanded scope of work.
- 3Evaluate the full compensation package — in Hempstead, 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 Hempstead for competitive entry-level pay and structured mentorship, then move to a smaller employer once you have 2-3 years of experience.
- 5Factor in Hempstead's above-average cost of living (index: 115.9) when evaluating offers — a slightly lower salary in a nearby affordable area may provide better purchasing power.
Financial Advisor Compensation Range
The financial advisor wage spread in Hempstead is $119,264 ( 167.24%) between entry-level and top earners. Starting at $71,313, experienced hygienists can earn up to $190,577.
Represents the current salary spread across experience levels, not projected career growth rate.
2019 BLS Actual
$59,077
2025 BLS Actual
$69,035
2026 Current Est.
$71,313
2019–2027 Growth
+24.7%
Salary Trajectory for Financial Advisors in Hempstead (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $59,077 | Actual |
| 2020 | $60,658 | Actual |
| 2021 | $65,431 | Actual |
| 2022 | $64,235 | Actual |
| 2023 | $67,027 | Actual |
| 2024 | $109,035 | Actual |
| 2025 | $69,035 | Actual |
| 2026(current) | $71,313 | Estimated |
| 2027 | $73,666 | Projected |
Entry-level financial advisor compensation (10th percentile) in Hempstead, NY grew 16.9% over 7 years based on actual BLS metropolitan area surveys, rising from $59,077 in 2019 to $69,035 in 2025. By 2027, starting salaries are projected to reach $73,666. New graduates entering the Hempstead job market can expect continued year-over-year gains.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Hempstead 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 Hempstead
Various employers in Hempstead actively recruit entry-level financial advisors, including well-known firms like Northwestern Mutual, Edward Jones, and MassMutual, which often have robust training programs designed to support new hires with structured ramps and bonuses tied to commissions. In contrast, independent registered investment advisors (RIAs) typically look for candidates with the Certified Financial Planner (CFP) designation, emphasizing a fiduciary model of compensation based on assets under management. To enhance their starting pay in NY, aspiring advisors should consider obtaining essential credentials such as the Series 7 and Series 66 licenses. Having a bachelor’s degree is crucial, and additional qualifications like the CFP or Chartered Financial Analyst (CFA) can significantly impact earnings potential. The evolving financial landscape, with a shift towards RIA models and fee-based structures, suggests that new advisors can realistically expect to see steady salary increases in their first one to three years as they navigate this dynamic field.
More salary data for Hempstead, NY:
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 Hempstead. Program costs are averages and actual tuition varies by institution. ROI calculations are simplified estimates.
Data Sources & Methodology
Salary data for Hempstead 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