isworthit

Is a Financial Advisor a Good Career in Montana?

Montana · 2026 BLS salary data

a Financial Advisor pay in Montana

The median wage is $97,450/yr — 7% below the national median. Among U.S. states, Montanaranks #23 of 49 states by median pay.

The numbers in Montana

Real BLS state-level figures for Financial Advisor.

Median salary
$97,450/yr
Pay range (25th–75th)
$76,230 – $131,270
National median
$105,070/yr

Source: BLS Occupational Employment & Wage Statistics (OEWS), state estimates, May 2025 release.

What that pay is really worth in Montana

Salary alone can mislead — Montana costs 5% less than the U.S. average. Here's the median adjusted for local prices (real purchasing power).

Cost of living (US=100)
94.6
Nominal median
$97,450
Adjusted for cost of living
≈ $103,013
State income tax
Up to 5.9%

Because Montana costs 5% less than the U.S. average, its pay stretches further — it ranks #20 of 49 once adjusted for cost of living, up from #23 on raw salary.

Cost of living: BEA Regional Price Parities (all items, US=100), 2024. Adjusted pay = nominal median ÷ (RPP/100) — purchasing power vs the U.S. average. State income tax = top marginal rate on wage income (Tax Foundation, 2025); your effective rate is lower and depends on income and deductions.

The verdict, pros, and cons below apply to Financial Advisor nationally — Montana pay is 7% below the national median. See the full a Financial Advisor career guide →

The verdict

Yes if you're a relationship-builder — financial advising offers strong pay, faster-than-average growth, and no specific degree requirement, but early years are a sales grind to build a client book. Worth it for self-starters; hard for those who dislike sales.

Pros & cons

Pros

  • Strong pay with faster-than-average growth
  • No specific degree required (licensing instead)
  • Uncapped, book-of-business upside
  • Flexible and increasingly hybrid/remote
  • Meaningful impact on clients' financial lives

Cons

  • Early years are a sales/prospecting grind
  • Income unstable until your client book is built
  • High washout rate for new advisors
  • Licensing (SIE, Series 7/66) and compliance burden
  • Market downturns pressure both clients and income

Who it's for

✓ A good fit if…

  • Natural relationship-builders and self-starters
  • People comfortable with sales and prospecting
  • Those with a runway to build a client base

✗ Probably not if…

  • People who dislike sales or cold outreach
  • Those who need a stable salary immediately

What people are actually asking

Real Reddit discussions on whether Financial Advisor is worth it — titles link to the original threads.