Financial Planning Manager Salary in Louisiana
Annual Median: $109,280
Hourly Median: $52.54
Data sourced from Career One Stop, provided by the BLS Occupational Employment and Wage Statistics wage estimates.
Annual and Hourly Financial Planning Manager undefined, Louisiana Salary Table:
| Percentile | Annual Salary | Hourly Wage |
|---|---|---|
| 10th | $70,700 | $33.99 |
| 25th | $82,200 | $39.52 |
| Median | $109,280 | $52.54 |
| 75th | $154,110 | $74.09 |
| 90th | $213,450 | $102.62 |
Best Schools to become a Financial Planning Manager in Louisiana 2024
Louisiana State University-Shreveport
In-State Tuition:$5,656
Out-of-State Tuition:$5,656
Admission Rate:89%
Graduation Rate:33%
Total Enrollment:8,721
Louisiana State University and Agricultural & Mechanical College
In-State Tuition:$8,038
Out-of-State Tuition:$8,038
Admission Rate:76%
Graduation Rate:70%
Total Enrollment:37,348
University of Louisiana at Lafayette
In-State Tuition:$5,407
Out-of-State Tuition:$19,135
Admission Rate:75%
Graduation Rate:51%
Total Enrollment:15,219
Tulane University of Louisiana
In-State Tuition:$58,666
Out-of-State Tuition:$58,666
Admission Rate:11%
Graduation Rate:87%
Total Enrollment:14,027
Louisiana Tech University
In-State Tuition:$6,401
Out-of-State Tuition:$13,142
Admission Rate:62%
Graduation Rate:60%
Total Enrollment:10,839
Southeastern Louisiana University
In-State Tuition:$5,777
Out-of-State Tuition:$18,255
Admission Rate:99%
Graduation Rate:44%
Total Enrollment:13,465
Browse Financial Planning Manager Salaries by the Top Cities in Louisiana
Financial Planning Manager Salary in Louisiana FAQs
What factors influence the salary of a Financial Planning Manager in Louisiana?
Several key factors impact the salary of a Financial Planning Manager, including:
- Experience Level: More experienced professionals tend to command higher salaries. Generally, as you accumulate relevant experience, you can expect more competitive compensation.
- Education: Holding advanced degrees or relevant certifications, such as a Certified Financial Planner (CFP) designation, can enhance your earning potential.
- Industry Sector: The industry in which you work can significantly affect your salary. Financial Planning Managers in sectors like corporate finance or investment banking may earn more than those in non-profit organizations.
- Geographic Location: Salaries can vary within Louisiana’s different regions. Urban areas, like New Orleans and Baton Rouge, may offer higher salaries compared to rural locations due to the cost of living and demand for financial services.
- Company Size: Larger firms are often able to offer higher salaries and better benefits compared to small businesses or start-ups.
How do benefits impact overall compensation for Financial Planning Managers?
Benefits play a crucial role in the total compensation package for Financial Planning Managers. While the base salary is important, other components often enhance the overall value of the compensation package, including:
- Health Insurance: Comprehensive health benefits can add significant value to your overall compensation.
- Retirement Plans: Employer contributions to retirement plans, such as a 401(k), can provide long-term financial benefits.
- Bonuses and Profit Sharing: Many companies offer performance-based bonuses, which can substantially increase your annual earnings.
- Paid Time Off: Generous vacation and sick leave policies can improve work-life balance and overall job satisfaction.
What skills are most sought after for Financial Planning Managers?
To be competitive in the field, Financial Planning Managers should develop several key skills:
- Analytical Skills: The ability to analyze financial data and market trends is essential for making informed recommendations.
- Communication Skills: Strong verbal and written communication skills are vital for explaining complex financial concepts to clients and stakeholders.
- Strategic Thinking: Being able to devise long-term financial strategies that align with clients' goals is a critical skill.
- Interpersonal Skills: Building and maintaining client relationships is key for success in this role, requiring a personable and trustworthy demeanor.
- Technical Proficiency: Familiarity with financial planning software and tools will enhance efficiency in data management and reporting.
What is the job outlook for Financial Planning Managers in Louisiana?
The job outlook for Financial Planning Managers in Louisiana remains positive, driven by several factors:
- Increasing Demand for Financial Planning Services: As individuals and businesses recognize the importance of financial planning, the demand for qualified professionals continues to rise.
- Regulatory Changes: Ongoing changes in financial regulations often lead to increased needs for financial advisory services, creating additional job opportunities.
- Economic Growth: A growing local economy may lead to increased investments and financial planning, paving the way for more job openings.
Are there opportunities for advancement in the financial planning field in Louisiana?
Yes, there are various advancement opportunities within the financial planning field. As you gain experience and demonstrate your expertise, you may see potential paths such as:
- Senior Management Roles: Progressing to roles such as Director of Financial Planning or Vice President of Financial Services can lead to higher salaries and additional responsibilities.
- Specialization: Focusing on niche areas, such as estate planning or tax management, can also provide avenues for advancement and increased earning potential.
- Certifications and Advanced Degrees: Furthering your education and obtaining specialized certifications can differentiate you from others in the field, leading to senior positions or broadened job prospects.