Entry-Level Financial Advisor Salary in Binghamton, NY: $65,719 (2026)
Quick Answer:New financial advisors entering the Binghamton, NY job market in 2026 can expect a starting salary around $65,719 (BLS 10th-percentile benchmark for SOC 13-2052, projected from 2025 OEWS data). Stripping out Binghamton's local price level (BEA RPP 92.9 — 7% below national), a first-year paycheck buys what $70,770 would in average-cost America. Most reach the city median ($107,008) within a few years of clinical practice.
Official BLS data · View source
For new graduates entering the financial advisory field in Binghamton, New York, the entry-level financial advisor salary presents both opportunities and cautious expectations. In 2026, starting salaries can begin as low as $65,719, which is significantly below the city's overall median salary of $107,008. While this initial figure may appear daunting, it's essential for new advisors to understand the growth trajectory in the early years. With experience and established clientele, an advisor can expect to make $76,215 at the 25th percentile as they become more proficient in the role, ultimately aiming for the median of $107,008. Given the city's relatively low cost of living index of 92.863, Binghamton can still be an attractive market for young professionals embarking on their financial careers.
Career Earnings Timeline in Binghamton
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 Binghamton
Entry-level financial advisors in Binghamton, NY typically start between $65,719 and $76,215 per year (2026 est.). The full salary range spans $274,995 from the 10th to 90th percentile, with the local median at $107,008 — 1.41% below the national median.
Return on Investment
The average financial planning program cost in New York of $82,000 represents just 124.77% of the starting financial advisor pay ($65,719/year) in Binghamton. 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 Binghamton
- 1Research the Binghamton market: entry-level financial advisor pay ranges from $65,719 to $76,215, 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 Binghamton, 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 Binghamton for competitive entry-level pay and structured mentorship, then move to a smaller employer once you have 2-3 years of experience.
- 5Binghamton's below-average 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 Binghamton is $274,995 ( 418.44%) between entry-level and top earners. Starting at $65,719, experienced hygienists can earn up to $340,714.
Represents the current salary spread across experience levels, not projected career growth rate.
2019 BLS Actual
$44,170
2025 BLS Actual
$63,620
2026 Current Est.
$65,719
2019–2027 Growth
+53.7%
Salary Trajectory for Financial Advisors in Binghamton (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $44,170 | Actual |
| 2020 | $48,080 | Actual |
| 2021 | $48,840 | Actual |
| 2022 | $48,750 | Actual |
| 2023 | $54,550 | Actual |
| 2024 | $52,970 | Actual |
| 2025 | $63,620 | Actual |
| 2026(current) | $65,719 | Estimated |
| 2027 | $67,888 | Projected |
Entry-level financial advisor compensation (10th percentile) in Binghamton, NY grew 44.0% over 7 years based on actual BLS metropolitan area surveys, rising from $44,170 in 2019 to $63,620 in 2025. By 2027, starting salaries are projected to reach $67,888. New graduates entering the Binghamton job market can expect continued year-over-year gains.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Binghamton 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 Binghamton
As you consider the local employment landscape, several notable employers in Binghamton actively recruit new financial advisors. Firms such as Northwestern Mutual, Edward Jones, and MassMutual typically seek out recent graduates, offering structured ramp-up programs and bonuses based on commissions to help them establish their careers. Additionally, Registered Investment Advisors (RIAs) like those represented in the CFP candidate pool may provide a compelling pathway with a focus on client service and a fee-only fiduciary model. To enhance starting pay, a bachelor's degree, Series 7 and Series 66 licenses, or even the CFP credential can be beneficial. Given the industry’s current bifurcation, new advisors will need to be adaptable, as many wirehouses expand their employee-driven models while RIAs continue to grow. In the early years, an upward trajectory in salary can be expected, especially with a sharp focus on client retention and building a solid client base within the region.
More salary data for Binghamton, 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 Binghamton. Program costs are averages and actual tuition varies by institution. ROI calculations are simplified estimates.
Data Sources & Methodology
Source: BLS, OEWS, 7-year dataset (–). Per-city data from annual BLS metropolitan area surveys.
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