Financial Advisor Hourly Pay in Parsippany-Troy Hills, NJ: $60.83 (2026)
Quick Answer:Hourly pay for a financial advisor working in Parsippany-Troy Hills, NJ runs $60.83 at the median for 2026 — annualizing to $126,542 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against Parsippany-Troy Hills's regional price level (BEA RPP 115.2, 15% above national), each hour of work buys what $52.81 nationally would. A 24-hour part-time schedule grosses $75,920 per year.
Based on BLS state-level estimates · View source
In Parsippany-Troy Hills, NJ, the financial advisor hourly pay is projected to be $60.83 in 2026, which significantly exceeds the national hourly median of $52.18. This higher rate reflects the cost of living and demand for financial expertise in the area, providing an attractive offering for part-time advisors working three days a week. Those on a part-time schedule can still benefit financially, as the hours worked can often lead to sustainable annual earnings despite not being full-time employees. Within the hourly pay scale, entry-level financial advisors can expect to earn around $35.29, while seasoned professionals might command rates as high as $94.30 per hour. The figures are derived from estimated annual salary data, demonstrating a range that accommodates both new entrants and established experts in various settings, including wirehouse offices, independent firm environments, and virtual meetings with clients.
About the Parsippany-Troy Hills Market
Salary estimated from New Jersey average ($148,000) adjusted for local cost of living.
Financial Advisor Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $35.29 | $282.30 |
| Lower Range (P25) | $43.80 | $350.39 |
| Median (P50) | $60.83 | $486.67 |
| Upper Range (P75) | $77.87 | $622.94 |
| Top Earners (P90) | $94.30 | $754.42 |
Estimated Annual Income by Work Schedule in Parsippany-Troy Hills
Based on $60.83/hr median hourly rate · 2026 est.
At $60.83/hr, a financial advisor working full-time (40 hr/wk) in Parsippany-Troy Hills, NJ can expect to earn approximately $126,533 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $73,000. With a cost-of-living index of 115.20 (above the national average), these earnings may be offset by higher expenses in Parsippany-Troy Hills.
Hourly Rate Calculator
Schedule Comparison in Parsippany-Troy Hills
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,433.33 | $10,544 | $126,533 |
| Part-Time (24 hrs) | $1,460.00 | $6,327 | $75,920 |
| Per Diem (16 hrs) | $973.33 | $4,218 | $50,613 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Parsippany-Troy Hills) | $60.83 |
| Financial Analyst (National Avg) | $47.61 |
| Accountant / Auditor (National Avg) | $39.88 |
| Insurance Sales Agent (National Avg) | $29.02 |
| Securities / Commodities Sales Agent (National Avg) | $35.30 |
Financial Advisors in Parsippany-Troy Hills, NJ earn a median of $126,542 per year (2026 est.), which is 16.59% higher than the national median of $108,537 and 1.20% above the New Jersey state average of $125,042.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $60.83/hr = $75,920/year (purchasing power: $65,903).
Working 40h/week (full-time) = $126,533/year (purchasing power: $109,838).
CoL index: 115.2 (100 = national average).
2019 BLS Actual
$49.24/hr
2025 BLS Actual
$58.89/hr
2026 Current Est.
$60.83/hr
2019–2027 Growth
+27.6%
Hourly Rate Trajectory for Financial Advisors in Parsippany-Troy Hills (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $49.24/hr | Actual |
| 2020 | $50.07/hr | Actual |
| 2021 | $52.78/hr | Actual |
| 2022 | $53.46/hr | Actual |
| 2023 | $55.81/hr | Actual |
| 2024 | $82.96/hr | Actual |
| 2025 | $58.89/hr | Actual |
| 2026(current) | $60.83/hr | Estimated |
| 2027 | $62.84/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Parsippany-Troy Hills grew 19.6% from $49.24/hr (2019) to $58.89/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $62.84/hr by 2027. Part-time and per-diem financial advisors can use this multi-year trend to benchmark future contract negotiations.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Parsippany-Troy Hills 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.
Working as an Hourly Financial Advisor in Parsippany-Troy Hills
Shifting to the practical realities of this profession shows unique earning potential. A financial advisor operating three days a week could anticipate an annual income much lower than their full-time counterparts, but the flexibility allows some advisors to navigate other opportunities. Although per diem financial advisor pay in Parsippany-Troy Hills isn’t as common at junior levels, the experienced advisors focusing on project-based work often charge between $3,000 to $15,000 per comprehensive financial plan. The variance in hourly rates among advisor types is notable; wirehouses tend to offer higher pay due to their extensive resources, while independent broker-dealers, RIAs, and banks may provide different compensation structures like AUM-based fees. For some advisors, accepting a lower hourly rate at a wirehouse comes with benefits such as health insurance, juxtaposed against the potential for higher pay without benefits as a solo practitioner. Advisors negotiating hourly rates should emphasize their qualifications and the value of their services, particularly in Parsippany-Troy Hills, to align their compensation with the local market demands and expectations.
More salary data for Parsippany-Troy Hills, NJ:
Frequently Asked Questions
What is the hourly rate for financial advisors in Parsippany-Troy Hills in 2026?
How much do part-time financial advisors make in Parsippany-Troy Hills?
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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
Hourly wage figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. A 3.30% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to estimate current 2026 hourly rates for financial advisors in Parsippany-Troy Hills. Part-time and full-time income estimates assume consistent weekly hours and do not account for overtime, benefits, or seasonal variation.
Data Sources & Methodology
Salary data for Parsippany-Troy Hills 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