This is the worlds leading source of financial content on the web, ranging from market news to retirement strategies, investing education to insights from advisors.
Forex Forever!

Certified Financial Planner (CFP) salary

Author: Christopher Jackson

Individuals with the Certified Financial Planner designation enjoy an above-average salary range as well as promising current and future job availability. The salary range for a certified financial planner should be viewed in a broad context including experience, length of time in the field and geographic location. As with many professions, the average income varies. This overview article offers examples of the current national average salary for a certified financial planner, as well as regional averages.

To put the salary data into context, it's helpful to explore the minimum credentials for this profession. The Certified Financial Planner (CFP) designation is achieved through education, work experience, and examination. This designation is governed by the CFP board. A minimum of a bachelor's degree, specialized financial planning coursework and three years of experience are prerequisites to become a CFP (for other requirements and test dates, click here). After the minimum criteria is met the CFP candidate must take an examination. The CFP Certificate Examination measures the applicant's proficiency in financial planning scenarios and professional ethics (to find a CFP-approved educational program, click here). (For more, see: The Best Schools for Financial Planning.)

The salary range for this profession varies. As with most occupations, the salary will be higher in larger cities with higher costs of living. According to, a comprehensive job posting service, as of Feb. 3, 2015, the average CFP salary in the United States is $102,000. (For more, see: What's the average salary of a financial advisor?)

The current average CFP salary varies by state*. The following is a cross section of the average annual salary per state:


Average Salary































*Data was d from recent job postings on as of February 2015.

As the data indicates, the CFP salary data is higher or lower, depending upon the geographic location of the job. The average salary diverges $45,000 from an average low of $78,000 per year in Nevada to an average annual high of $123,000 in Massachusetts. (For related reading, see: Want to Be a Financial Planner? Click Here.)

The national salaries of CFPs are also impacted by level of experience. According to, a crowd d/big data salary information provider, an entry level CFP with up to five years of experience averages approximately $60,000 per year. At the other end of the spectrum, the late career certified financial planner with more than 20 years of experience garners an average income of $140,000. (The sample size of this data set is in the 200-300 range for each cohort group). (For related reading, see: Financial Planning: It's About More than Money.)

The CFP is one of the fastest-growing and highly compensated fields. CFP jobs are projected to grow at 32.1% annually during the next 10 years. Additionally, this job reports high levels of personal satisfaction, moderate stress and an above average benefit to society. The Bureau of Labor Statistics reports that during the 2012 to 2022 time period the field expects to add 60,300 new workers.

The Bottom Line

When combining above average salaries with high levels of job satisfaction and growing job availability, the certified financial planner is a stand out career path for the financially minded individual. The website provides in depth coverage of the certified financial planner designation and instructions regarding entry into the profession. (For related reading, see: An Introduction to Financial Planning Organizations.)

last five articles

#1477 Airbag Recalls: What to Do If It's Your Car

Author: Andrew Harris

Here's the headline: Honda announced on February 3 that it is recalling more than 2.2 million vehicles in order to fix defective airbags made by the manufacturer Takata. But here's the backstory: This recall is one of many involving Takata airbags, which have been known to be def... see more

#187 7 Ways to Reduce Healthcare Costs in Retirement

Author: Jacob Jackson

Healthcare costs are going to take a large chunk out of your retirement dollars so any way you can to reduce the burden is going to matter, and matter a lot. Consider this: according to HealthView Services, a company that provides healthcare cost projection software, the average cost of healthcar... see more

#1136 Retire In Ecuador with $200,000 Of Savings?

Author: Daniel Williams

No doubt the United States is a great place to live, but in comparison to some other retirement destinations, it's expensive. If you weren't able to save the massive amount of money the retirement experts say you need, rest assured there are plenty of places you can live a comfortable life on not... see more

#1188 How Safe Is Traveling in Thailand?

Author: Andrew Jackson

How safe is travel in Thailand? It depends on whom you ask, what you plan to do when you get there and the kinds of precautions you're willing to take while you travel. Some of the advice that you would give to a friend traveling in any U.S. city (including yours) would be the same advice you wou... see more

#464 Student Loans: What to Do When You Can't Repay Them

Author: Christopher Harris

You have finally conquered college and survived four years of intense studying to earn your degree. Graduation is a freeing experience—until you get your first student loan bill. Unfortunately, student loans go into immediate repayment the day you graduate, whether you secured your dream job or... see more