Entry-Level Financial Advisor Salary in Franklin, MA: $72,279 (2026)
Quick Answer:New financial advisors entering the Franklin, MA job market in 2026 can expect a starting salary around $72,279 (BLS 10th-percentile benchmark for SOC 13-2052, projected from 2025 OEWS data). Stripping out Franklin's local price level (BEA RPP 108.5 — 9% above national), a first-year paycheck buys what $66,617 would in average-cost America. Most reach the city median ($124,619) within a few years of clinical practice.
Based on BLS state-level estimates · View source
In 2026, the entry-level financial advisor salary in Franklin, Massachusetts, begins at around $72,279, a figure that positions new graduates below the city's median annual salary of $124,619. This notable gap illustrates the journey ahead for those entering the field; with diligence and skill development, entry-level advisors can expect to see their earnings increase potentially reaching $89,725 within just a few years as they gain experience and expertise. The market in Franklin currently presents favorable conditions for new graduates, bolstered by a 3.30% growth rate projected over the next five years and a healthy demand for financial advisory services, reinforcing the viability of this career path for recent graduates.
About the Franklin Market
Salary estimated from Massachusetts average ($152,000) adjusted for local cost of living.
Career Earnings Timeline in Franklin
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 Franklin
Entry-level financial advisors in Franklin, MA typically start between $72,279 and $89,725 per year (2026 est.). The full salary range spans $120,881 from the 10th to 90th percentile, with the local median at $124,619 — 14.82% above the national median.
Return on Investment
The average financial planning program cost in Massachusetts of $88,000 represents just 121.75% of the starting financial advisor pay ($72,279/year) in Franklin. 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 Franklin
- 1Research the Franklin market: entry-level financial advisor pay ranges from $72,279 to $89,725, 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 Franklin, 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 Franklin for competitive entry-level pay and structured mentorship, then move to a smaller employer once you have 2-3 years of experience.
- 5Franklin'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 Franklin is $120,881 ( 167.24%) between entry-level and top earners. Starting at $72,279, experienced hygienists can earn up to $193,160.
Represents the current salary spread across experience levels, not projected career growth rate.
2019 BLS Actual
$59,877
2025 BLS Actual
$69,970
2026 Current Est.
$72,279
2019–2027 Growth
+24.7%
Salary Trajectory for Financial Advisors in Franklin (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $59,877 | Actual |
| 2020 | $61,480 | Actual |
| 2021 | $66,317 | Actual |
| 2022 | $65,105 | Actual |
| 2023 | $67,935 | Actual |
| 2024 | $91,199 | Actual |
| 2025 | $69,970 | Actual |
| 2026(current) | $72,279 | Estimated |
| 2027 | $74,664 | Projected |
Entry-level financial advisor compensation (10th percentile) in Franklin, MA grew 16.9% over 7 years based on actual BLS metropolitan area surveys, rising from $59,877 in 2019 to $69,970 in 2025. By 2027, starting salaries are projected to reach $74,664. New graduates entering the Franklin job market can expect continued year-over-year gains.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Franklin 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 Franklin
Several key players in Franklin actively recruit new graduates into financial advisory roles, providing structured training programs to help them succeed. Notable employers include well-known insurance career agencies like Northwestern Mutual and MassMutual, which commonly offer a combination of base salary plus commission, while larger wirehouses have been scaling back their training programs. Additionally, Registered Investment Advisors (RIAs) are increasingly hiring entry-level associate advisors, particularly those who are candidates for CFP certification, focusing on a client-service path that is highly regarded in the industry. To enhance their starting pay, new grads should pursue relevant credentials such as the Series 7 and Series 66 licensing or consider aiming for the CFP, which is recognized as the gold standard in financial planning. As the industry transitions, graduates should align their career strategy with the growing fee-only RIA model, which typically compensates advisors through asset management fees, and be prepared for realistic salary growth as they move from entry-level roles toward mid-career positions in this evolving landscape.
More salary data for Franklin, 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 Franklin. Program costs are averages and actual tuition varies by institution. ROI calculations are simplified estimates.
Data Sources & Methodology
Salary data for Franklin 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