Financial Advisor Hourly Pay in Schenectady, NY: $60.54 (2026)
Quick Answer:Hourly pay for a financial advisor working in Schenectady, NY runs $60.54 at the median for 2026 — annualizing to $125,926 at a standard 2,080-hour year. Figures projected from BLS OEWS 2025 (SOC 13-2052). Weighted against Schenectady's regional price level (BEA RPP 115.9, 16% above national), each hour of work buys what $52.24 nationally would. A 24-hour part-time schedule grosses $75,559 per year.
Based on BLS state-level estimates · View source
In Schenectady, New York, the financial advisor hourly pay stands at a median of $60.54, which reflects a notable 16.02% increase compared to the national hourly median of $52.18. This hourly rate offers promising prospects for both part-time and per-diem workers in various environments, ranging from wirehouse branch offices to virtual planning meetings. For those looking to work three days a week, the consistent hourly wage can provide substantial earnings even with a limited schedule. Entry-level financial advisors can expect hourly rates starting around $35.11, while top earners in this field may achieve rates as high as $93.84, illustrating a significant range that can cater to varying levels of experience and specialization.
About the Schenectady Market
Salary estimated from New York average ($168,000) adjusted for local cost of living.
Financial Advisor Hourly Wage Breakdown
| Percentile | Hourly Rate | Per 8hr Shift |
|---|---|---|
| Entry Level (P10) | $35.11 | $280.89 |
| Lower Range (P25) | $43.59 | $348.74 |
| Median (P50) | $60.54 | $484.35 |
| Upper Range (P75) | $77.50 | $619.97 |
| Top Earners (P90) | $93.84 | $750.70 |
Estimated Annual Income by Work Schedule in Schenectady
Based on $60.54/hr median hourly rate · 2026 est.
At $60.54/hr, a financial advisor working full-time (40 hr/wk) in Schenectady, NY can expect to earn approximately $125,932 per year (2026 est.). Part-time hygienists working 24 hours per week would earn around $72,653. With a cost-of-living index of 115.90 (above the national average), these earnings may be offset by higher expenses in Schenectady.
Hourly Rate Calculator
Schedule Comparison in Schenectady
| Schedule | Weekly | Monthly | Annual |
|---|---|---|---|
| Full-Time (40 hrs) | $2,421.77 | $10,494 | $125,932 |
| Part-Time (24 hrs) | $1,453.06 | $6,297 | $75,559 |
| Per Diem (16 hrs) | $968.71 | $4,198 | $50,373 |
Compare CFP, FA Wages With Similar Roles
| Role | Median Hourly |
|---|---|
| Financial Advisor (Schenectady) | $60.54 |
| 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 Schenectady, NY earn a median of $125,926 per year (2026 est.), which is 16.02% higher than the national median of $108,537 and 1.10% below the New York state average of $127,326.
Financial Advisor Hourly Pay vs. Cost of Living
Working 24h/week at $60.54/hr = $75,559/year (purchasing power: $65,193).
Working 40h/week (full-time) = $125,932/year (purchasing power: $108,656).
CoL index: 115.9 (100 = national average).
2019 BLS Actual
$49.00/hr
2025 BLS Actual
$58.61/hr
2026 Current Est.
$60.54/hr
2019–2027 Growth
+27.6%
Hourly Rate Trajectory for Financial Advisors in Schenectady (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Hourly Rate | Status |
|---|---|---|
| 2019 | $49.00/hr | Actual |
| 2020 | $49.83/hr | Actual |
| 2021 | $52.53/hr | Actual |
| 2022 | $53.21/hr | Actual |
| 2023 | $55.55/hr | Actual |
| 2024 | $90.66/hr | Actual |
| 2025 | $58.61/hr | Actual |
| 2026(current) | $60.54/hr | Estimated |
| 2027 | $62.54/hr | Projected |
Based on 7 years of BLS OEWS metropolitan area data, the median hourly rate for financial advisors in Schenectady grew 19.6% from $49.00/hr (2019) to $58.61/hr (2025). At a 3.30% projected growth rate, hourly pay is expected to reach $62.54/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 Schenectady 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 Schenectady
Part-time financial advisors in Schenectady have the potential to earn a respectable income, even while working just 24 hours a week. Over the course of a year, this level of part-time work could yield an annual income of approximately $77,257, demonstrating that substantial earnings can be reached without full-time commitment. On the other hand, per diem financial advisor pay in Schenectady may be less common among entry-level positions, as experienced professionals can charge fees ranging from $3,000 to $15,000 for comprehensive financial plans. Hourly rates can widely vary depending on the employer type, with wirehouses typically offering different scales compared to independent broker-dealers or RIAs. Advisors might choose lower hourly rates for access to benefits like health insurance, especially if they value stability over potential higher earnings in solo practices. For those negotiating hourly pay, emphasizing unique qualifications, such as CFP certification or specialized expertise, can be advantageous in discussions with potential employers.
More salary data for Schenectady, NY:
Frequently Asked Questions
What is the hourly rate for financial advisors in Schenectady in 2026?
How much do part-time financial advisors make in Schenectady?
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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 Schenectady. 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 Schenectady 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