CFP professionals enjoy higher earnings and greater career satisfaction than financial planners without CFP certification, according to new data from a compensation study, CFP Board 2024 Compensation Study, by CFP Board.
The student CFP professionals earn 10 percent more than other financial planners after controlling for other factors like job experience, company size and the type of services they offer. The median 2023 total compensation for all financial planners was $192,000.
The study shows high career satisfaction among CFP® professionals, with 85 percent experiencing a high to very high sense of personal fulfillment. Key job areas rated as good or excellent include stability (88 percent), work/life balance (82 percent), career advancement (79 percent) and compensation (74 percent). Additionally, 89 percent of CFP professionals plan to stay with their current compa