Entry-Level Financial Advisor Salary in Eagan, MN: $48,377 (2026)
Quick Answer:New financial advisors entering the Eagan, MN job market in 2026 can expect a starting salary around $48,377 (BLS 10th-percentile benchmark for SOC 13-2052, projected from 2025 OEWS data). Stripping out Eagan's local price level (BEA RPP 98.5 — 1% below national), a first-year paycheck buys what $49,114 would in average-cost America. Most reach the city median ($83,409) within a few years of clinical practice.
Based on BLS state-level estimates · View source
In 2026, those entering the financial advisory profession in Eagan, Minnesota, can start their careers with an entry-level financial advisor salary that begins at approximately $48,377. New graduates should set realistic expectations as this figure is notably lower than the city’s median salary of $83,409. While the salary trajectory is promising, with potential to grow to $60,054 as one reaches the 25th percentile often within the first few years, early-career professionals in this vibrant market must be proactive. Eagan presents an opportunity for aspiring financial advisors, not only due to its competitive entry-level pay but also because of the steady growth in the financial sector, with an annual growth rate projected at 3.30% over the next five years.
About the Eagan Market
Salary estimated from Minnesota average ($108,000) adjusted for local cost of living.
Career Earnings Timeline in Eagan
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 Eagan
Entry-level financial advisors in Eagan, MN typically start between $48,377 and $60,054 per year (2026 est.). The full salary range spans $80,906 from the 10th to 90th percentile, with the local median at $83,409 — 23.15% below the national median.
Return on Investment
The average financial planning program cost in Minnesota of $52,000 represents just 107.49% of the starting financial advisor pay ($48,377/year) in Eagan. 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 Eagan
- 1Research the Eagan market: entry-level financial advisor pay ranges from $48,377 to $60,054, 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 Eagan, 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 Eagan for competitive entry-level pay and structured mentorship, then move to a smaller employer once you have 2-3 years of experience.
- 5Eagan'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 Eagan is $80,906 ( 167.24%) between entry-level and top earners. Starting at $48,377, experienced hygienists can earn up to $129,283.
Represents the current salary spread across experience levels, not projected career growth rate.
2019 BLS Actual
$40,076
2025 BLS Actual
$46,832
2026 Current Est.
$48,377
2019–2027 Growth
+24.7%
Salary Trajectory for Financial Advisors in Eagan (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $40,076 | Actual |
| 2020 | $41,149 | Actual |
| 2021 | $44,387 | Actual |
| 2022 | $43,576 | Actual |
| 2023 | $45,470 | Actual |
| 2024 | $60,475 | Actual |
| 2025 | $46,832 | Actual |
| 2026(current) | $48,377 | Estimated |
| 2027 | $49,974 | Projected |
Entry-level financial advisor compensation (10th percentile) in Eagan, MN grew 16.9% over 7 years based on actual BLS metropolitan area surveys, rising from $40,076 in 2019 to $46,832 in 2025. By 2027, starting salaries are projected to reach $49,974. New graduates entering the Eagan job market can expect continued year-over-year gains.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Eagan 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 Eagan
Several employers in Eagan actively recruit new graduates for financial advisor roles, notably firms like Northwestern Mutual, Edward Jones, and MassMutual. These organizations typically offer structured training programs that include a combination of ramp-up bonuses and commissions to boost starting financial advisor pay in MN. Additionally, candidates who pursue credentials such as the Series 7 and Series 66 licenses, as well as the Certified Financial Planner (CFP) designation, tend to secure higher salaries. With the financial advisory industry increasingly dividing between commission-based wirehouses and fee-only registered investment advisors (RIAs), those who align with RIAs can anticipate an asset-under-management (AUM) compensation model, typically around 1% of client assets. As new advisors look to their first three years, a solid career strategy and continuous professional development are essential, as realistic salary growth can lead them towards higher earnings as they transition from entry-level roles to more established positions in the field.
More salary data for Eagan, MN:
Frequently Asked Questions
What is the starting salary for financial advisors in Eagan in 2026?
How fast do financial advisor salaries grow in Eagan?
Is financial planning school worth it in Eagan?
What do new financial advisors make right out of school in Eagan?
How do I become a financial advisor in Minnesota?
Related Pages
Compare Salaries
Career Resources
Nearby Cities in Minnesota
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 Eagan. Program costs are averages and actual tuition varies by institution. ROI calculations are simplified estimates.
Data Sources & Methodology
Salary data for Eagan 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