Financial Advisor Salary in Schenectady, NY: $125,926 (2026)
Quick Answer:A full-time financial advisor in Schenectady, NY earns a median $125,926/year (≈ $60.54/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 13-2052). Once you factor in Schenectady's price level (16% above national, BEA RPP 115.9), that paycheck buys what $108,651 would nationally. Nominal pay sits 1.1% below the New York state average.
Based on BLS state-level estimates · View source
In 2026, financial advisors in Schenectady, NY, can expect a median annual salary of $125,926. This figure represents a competitive edge compared to the national median of $108,537, positioning Schenectady's financial planning professionals about 16.02% higher than their counterparts nationwide. Salaries for financial advisors in the area span from $73,037 at the 10th percentile to $195,185 at the 90th percentile, indicating a diverse landscape where both entry-level and highly experienced advisors find ample opportunities. Estimates derived from BLS state-level data and regional price parities take into account the growth trend of fee-only fiduciary services, where possessing a Certified Financial Planner (CFP) credential can command a premium and increase potential earnings, especially as the industry shifts from traditional commission-based models.
About the Schenectady Market
Salary estimated from New York average ($168,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $73,037 | $35.11 |
| Lower Range (P25) | $90,666 | $43.59 |
| Median (P50)(typical) | $125,926 | $60.54 |
| Upper Range (P75) | $161,185 | $77.50 |
| Top Earners (P90) | $195,185 | $93.84 |
Median Salary Position
16.02% above the national average
2026 Salary Percentile Distribution in Schenectady
In Schenectady, NY, the financial advisor salary spread from the 10th to 90th percentile is $122,148 (2026 est.). At $125,926, the local median is 16.02% above the national median of $108,537.
Salary Calculator
At 40 hours/week in Schenectady: You'd be in the lower-middle range
How Schenectady Financial Advisor Pay Compares
Schenectady median: $125,926/year (2026)
| Compared To | Median Salary | Schenectady Pays |
|---|---|---|
| New York Average | $127,326 | -1.10% less |
| National Average | $108,537 | +16.02% more |
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.
Cost-of-Living Adjusted Salary
Schenectady has a cost of living 15.90% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Schenectady, NY has a cost-of-living index of 115.9 (above the national average of 100). While the nominal salary of $125,926 is competitive, the higher cost of living reduces purchasing power to an effective $108,651 — a 13.72% reduction.
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2019 BLS Actual
$101,924
2025 BLS Actual
$121,903
2026 Current Est.
$125,926
2019–2027 Growth
+27.6%
Salary Trajectory for Financial Advisors in Schenectady (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 3.30% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $101,924 | Actual |
| 2020 | $103,641 | Actual |
| 2021 | $109,257 | Actual |
| 2022 | $110,672 | Actual |
| 2023 | $115,533 | Actual |
| 2024 | $188,578 | Actual |
| 2025 | $121,903 | Actual |
| 2026(current) | $125,926 | Estimated |
| 2027 | $130,081 | Projected |
Based on 7 years of BLS OEWS data for the Schenectady metropolitan area, the median financial advisor salary grew 19.6% from $101,924 (2019) to $121,903 (2025). At a 3.30% compound annual growth rate, salaries are projected to reach $130,081 by 2027 — a total increase of $28,157 (27.63%) from 2019.
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.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $73,037 – $90,666 |
| 3-5 years (Mid Career) | $90,666 – $125,926 |
| 5+ years (Experienced) | $125,926 – $161,185 |
| 10+ years (Top Earner) | $161,185 – $195,185 |
CFP, FA salary ranges estimated from BLS percentile data. Individual financial advisor compensation varies by employer, certifications, and specialization.
Financial Advisor Job Market in Schenectady
The financial advisor job market in Schenectady features around 16 professionals currently employed, which suggests a concentrated but stable demand for advisory services. With a cost-of-living index at 115.9, advisors must consider how expenses impact their take-home purchasing power. Noteworthy employers in Schenectady include larger firms like Wells Fargo Advisors and independent broker-dealers such as LPL Financial, which often pay better due to higher asset under management (AUM) and different fee structures. The disparity in pay is influenced by factors such as client book size, advisory model—be it fiduciary fee-only or commission-based—and the prestige of certifications like the CFP or CFA. To optimize their financial advisor pay in Schenectady, aspiring advisors should pursue affluent client bases or consider transitioning to independent advisory roles where partner equity and fiduciary fees can substantially enhance earnings.
More salary data for Schenectady, 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
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 BLS reported a median annual salary of $121,903 for financial advisorsin the Schenectady metropolitan area. A 3.30% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
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