Financial Advisor Salary at Salem Five BETA

How much does a Salem Five Financial Advisor make?

As of April 2025, the average annual salary for a Financial Advisor at Salem Five is $63,363, which translates to approximately $30 per hour. Salaries for Financial Advisor at Salem Five typically range from $55,034 to $71,439, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Salem Five Overview

Website:
salemfive.com
Size:
500 - 1,000 Employees
Revenue:
$200M - $500M
Industry:
Financial Services

Salem Five was founded in 1855. This company provides banking and investment services. Their headquarters are located in Salem, MA.

See similar companies related to Salem Five

What Skills Does a person Need at Salem Five?

At Salem Five, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Insurance Sales: Insurance sales involves selling various types of insurance to customers, including home, life, health and auto insurance. Primary goal is to get information about clients' needs and match them with insurance policies they offer.
  2. Presentation: Presentation conveys information from a speaker to an audience. Presentations are typically demonstrations, introduction, lecture, or speech meant to inform, persuade, inspire, motivate, build goodwill, or present a new idea/product.
  3. Sales Presentation: Delivery of a focused talk highlighting the advantages of a product or service intended to interest and persuade someone to purchase that product.
  4. Networking: Ability to maintain, build and expand a personal and business contact list to grow one's career and business opportunities.
  5. Career Development: Refers to the process an individual may undergo to evolve their occupational status. It is the process of making decisions for long term learning, to align personal needs of physical or psychological fulfillment with career advancement opportunities.

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Check more jobs information at Salem Five

Job Title Average Salem Five Salary Hourly Rate
2 Account Executive $86,421 $42
3 Assistant Manager $115,124 $55
4 Assistant Vice President $72,330 $35
5 Branch Manager $83,973 $40
6 Business Development Specialist $121,418 $58
7 Cash Management Analyst $180,170 $87
8 CIP Specialist $83,545 $40
9 Claims Representative $53,097 $26
10 Client Services Consultant $69,715 $34
11 Commercial Lines Account Executive $192,881 $93
12 Commercial Loan Analyst $64,292 $31
13 Compliance Specialist $124,516 $60

Hourly Pay at Salem Five

The average hourly pay at Salem Five for a Financial Advisor is $30 per hour. The location, department, and job description all have an impact on the typical compensation for Salem Five positions. The pay range and total remuneration for the job title are shown in the table below. Salem Five may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $63,363 look to you?

FAQ about Salary and Jobs at Salem Five

1. How much does Salem Five pay per hour?
The average hourly pay is $30. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Salem Five?
According to the data, the highest approximate salary is about $71,439 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Salem Five?
According to the data, the lowest estimated salary is about $55,034 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.