Despite a tough job market, nearly half of financial planning firms report they plan to hire additional staff in the next 12 months. That’s one of the findings in the latest salary survey conducted and released by the Financial Planning Association.
The 2010-2011 Financial Planning Salary Survey is a research study that details compensation and benefits, job characteristics and functions, and retention and turnover rates for 22 financial planning positions nationwide.
This year, the survey also compared male and female salaries and found that women working as a senior financial planner make about 96% of what their male counterparts earn, and junior financial planners make 95% for every dollar their male counterparts earn. This compares with a report from the U.S. Bureau of Labor Statistics reveals that women who work full-time make 80% when compared with their male counterparts.