As of May 18, 2021, the average salary for a Private Wealth Associate in the United States is $89,536 per year, which breaks down to an hourly rate of $43.
However, a Private Wealth Associate's salary can vary significantly. Here’s a look at the typical salary range:
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A Private Wealth Associate's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.
Experience is a primary driver of a Private Wealth Associate's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Financial... Level Private Wealth Associate | $55,772 |
| Financial... Level Private Wealth Associate | $74,055 |
| Private W... Level Private Wealth Associate | $89,697 |
| Financial... Level Private Wealth Associate | $108,239 |
| Financial... Level Private Wealth Associate | $218,683 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Private Wealth Associates. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Planning | 7.92% |
| Sales Support | 1.85% |
| Transaction Processing | 1.49% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Innovation
|
$100,280 |
12%
|
|
Partnering
|
$95,804 |
7%
|
|
Investment Management
|
$94,013 |
5%
|
|
Financial Planning
|
$92,222 |
3%
|
|
Collaboration
|
$91,327 |
2%
|
|
Leadership
|
$91,327 |
2%
|
Your level of education can impact your salary potential. While many Private Wealth Associates enter the field with a Bachelor's Degree degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for a Private Wealth Associate with a Bachelor's Degree is between $84,717 and $92,747).
Private Wealth Associate Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 5.8% |
| High School | 5.8% |
| Associates | 5.8% |
| Bachelors | 69.2% |
| Masters | 19.2% |
| Doctorate | 0.0% |
Understanding how a Private Wealth Associate's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on May 18, 2021Salaries for a Private Wealth Associate can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $91,387 in 2023 to around $90,839 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Private Wealth Associate salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
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|
| 2023 | $91,387 |
| 2024 | $91,735 |
| 2025 | $90,839 |
| 2026 |
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|
| 2027 |
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|
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