Salary Comparison

Electrical Engineer vs Financial Advisor Salary

Electrical Engineers earn approximately 12.1% more than Financial Advisors nationally — $107,000 vs $94,000.

Electrical Engineer
$107,000
national median annual
Hourly (40 hr × 52 wk)
$51
Biweekly (26 paychecks)
$4,115
Monthly
$8,917
Category
Engineering
Financial Advisor
$94,000
national median annual
Hourly (40 hr × 52 wk)
$45
Biweekly (26 paychecks)
$3,615
Monthly
$7,833
Category
Finance
Difference
Annual difference
Financial Advisor earn less than Electrical Engineer
-$13,000
Percentage difference
−12.1%
Hourly difference
-$6/hour
Monthly difference
-$1,083/month
Lifetime difference (40-yr career)
Naive — doesn't include compounding raises
-$520,000

Electrical Engineers earn approximately $13,000 more per year than Financial Advisors — about 14% — with comparable entry requirements.

Pay range, not just the median

The medians hide most of what matters. Electrical Engineer pay runs from roughly $66,000 at the low end to $152,000 at the high end; Financial Advisor runs $49,990 to $239,200. Where you land inside that band depends far more on specialization, employer, and metro than on the job title.

The two bands are shaped differently. Financial Advisor top earners make about 4.8× what beginners make, against 2.3× for Electrical Engineer. A wide band means the ceiling rewards specializing and the median understates what is achievable; a narrow one means pay is more predictable and less dependent on landing the right niche.

Moving between the two

Crossing between Engineering and Finance means rebuilding credentials and network from close to zero — the day-to-day skills do not carry, and neither does the résumé. Electronics and computer engineers overlap heavily and move between roles easily; power-systems specialists need additional training to shift into semiconductor or RF design. Insurance agents and bank personal bankers often transition in; income is heavily commission/fee-based early on, making the entry-pay figure misleading for many new advisors.

If you are entering rather than switching: Electrical Engineer — Earn an ABET-accredited bachelor's in electrical engineering, complete internships/co-ops, then enter industry — PE licensure only needed for public utility or consulting work. Financial Advisor — Bachelor's degree, then junior/associate advisor role building a book of clients while passing licensing exams (Series 65); many start on commission with a wirehouse or RIA.

Pay ranges, education requirements, and employment projections come from the Bureau of Labor Statistics Occupational Outlook Handbook and Occupational Employment and Wage Statistics. See our methodology for how these are compiled and updated.

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Frequently Asked Questions

Who earns more, a Electrical Engineer or a Financial Advisor?
Electrical Engineers earn more at the median — approximately $107,000 a year against $94,000, a gap of $13,000 or 14%. The ranges overlap though: Electrical Engineer pay starts around $66,000 and Financial Advisor pay reaches about $239,200 at the top, so an experienced Financial Advisor can out-earn a new Electrical Engineer.
Do you need a license to work as a Financial Advisor?
Yes — Series 65 (or 7+66); CFP optional but common for advancement. Electrical Engineer has no equivalent requirement. Licensing slows entry but also limits how fast the labor supply can expand, which tends to support pay over time. Requirements are set state by state, so check reciprocity before assuming a license travels with you.
Are these national figures or specific to where I live?
These are US national medians, which no individual actually earns. Electrical Engineer pay in a coastal metro and in a rural county can differ by half, and Financial Advisor does not track it in lockstep — so the ranking between these two careers can flip depending on where you are.