Entry-Level Financial Advisor Salary in Beverly, MA: $73,932 (2026)
Quick Answer:New financial advisors entering the Beverly, MA job market in 2026 can expect a starting salary around $73,932 (BLS 10th-percentile benchmark for SOC 13-2052, projected from 2025 OEWS data). Stripping out Beverly's local price level (BEA RPP 108.5 — 9% above national), a first-year paycheck buys what $68,140 would in average-cost America. Most reach the city median ($127,469) within a few years of clinical practice.
Based on BLS state-level estimates · View source
Beverly, Massachusetts, presents a promising outlook for new graduates aspiring to become financial advisors. In 2026, the entry-level financial advisor salary in Beverly starts at approximately $73,932, which is a solid foundation in the broader context of the city’s median salary of $127,469. However, it's essential for early-career professionals to understand the potential for growth in this field. Over the first three to five years, new advisors can expect incremental increases as they gain experience and build their client base, moving from the starting pay to the 25th percentile salary of $91,778. Given Beverly's robust financial environment, now is a favorable time for new graduates to consider entering the financial advisory profession, especially amid the evolving demands from clients aligning with emerging fee-only fiduciary models.
About the Beverly Market
Salary estimated from Massachusetts average ($152,000) adjusted for local cost of living.
Career Earnings Timeline in Beverly
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 Beverly
Entry-level financial advisors in Beverly, MA typically start between $73,932 and $91,778 per year (2026 est.). The full salary range spans $123,645 from the 10th to 90th percentile, with the local median at $127,469 — 17.44% above the national median.
Return on Investment
The average financial planning program cost in Massachusetts of $88,000 represents just 119.03% of the starting financial advisor pay ($73,932/year) in Beverly. 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 Beverly
- 1Research the Beverly market: entry-level financial advisor pay ranges from $73,932 to $91,778, 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 Beverly, 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 Beverly for competitive entry-level pay and structured mentorship, then move to a smaller employer once you have 2-3 years of experience.
- 5Beverly'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 Beverly is $123,645 ( 167.24%) between entry-level and top earners. Starting at $73,932, experienced hygienists can earn up to $197,577.
Represents the current salary spread across experience levels, not projected career growth rate.
2019 BLS Actual
$61,246
2025 BLS Actual
$71,570
2026 Current Est.
$73,932
2019–2027 Growth
+24.7%
Salary Trajectory for Financial Advisors in Beverly (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $61,246 | Actual |
| 2020 | $62,886 | Actual |
| 2021 | $67,834 | Actual |
| 2022 | $66,593 | Actual |
| 2023 | $69,488 | Actual |
| 2024 | $93,285 | Actual |
| 2025 | $71,570 | Actual |
| 2026(current) | $73,932 | Estimated |
| 2027 | $76,372 | Projected |
Entry-level financial advisor compensation (10th percentile) in Beverly, MA grew 16.9% over 7 years based on actual BLS metropolitan area surveys, rising from $61,246 in 2019 to $71,570 in 2025. By 2027, starting salaries are projected to reach $76,372. New graduates entering the Beverly job market can expect continued year-over-year gains.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Beverly 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 Beverly
Several employers in the Beverly area actively seek out recent graduates for financial advisor roles. Leading firms like Northwestern Mutual, Edward Jones, and MassMutual often recruit new advisors through structured programs that offer ramp-up periods and bonuses linked to commissions. Additionally, Registered Investment Advisors (RIAs) are increasingly hiring associate advisors from the pool of candidates pursuing the Certified Financial Planner (CFP) designation—widely regarded as a mark of professionalism in the sector. To enhance starting financial advisor pay in MA, candidates should consider obtaining various credentials, including the Series 7 and Series 66 licenses, along with an insurance license for relevant products. For new advisors in their first few years, engaging in a growth strategy that focuses on networking, building AUM-based compensation models, and obtaining the CFP certification can lead to substantial salary increases. The trajectory of financial advisory work in Beverly promises a rewarding career path for those prepared to navigate the evolving landscape of the industry.
More salary data for Beverly, 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 Beverly. Program costs are averages and actual tuition varies by institution. ROI calculations are simplified estimates.
Data Sources & Methodology
Salary data for Beverly 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