CFP Salary on the Basis of Experience
Salary ranges for Certified Financial Planners (CFPs) can vary significantly based on their years of experience in the field. Below is a table outlining typical salary expectations for CFPs at different stages of their career:
| Experience Level | Average Salary Range | Description |
|---|---|---|
| Entry-Level (0-2 years) |
$45,000 – $60,000 | New CFPs typically start in support roles, assisting more experienced planners and learning the trade. |
| Mid-Level (3-5 years) |
$60,000 – $85,000 | At this stage, CFPs manage their own clients and may start specializing in areas like estate planning or retirement. |
| Experienced (6-10 years) |
$85,000 – $120,000 | Experienced CFPs often have established client bases, with consistent performance leading to higher earnings. |
| Senior-Level (10+ years) |
$120,000 – $150,000+ | Senior CFPs may take on complex financial planning roles, manage teams, or run their own practices. |