Salary Guide
Ameriprise Financial Salaries in Minnesota: Complete Compensation Analysis
Considering a career at Ameriprise Financial in Minnesota? Our comprehensive salary guide provides accurate compensation data across various roles, experience levels, and departments to help you negotiate with confidence and understand your market value. Interview coming up? Check out Job Bridge for real time AI assistance.
Key Salary Insights for Ameriprise Financial
Average Base Salary
$95,000
Across all positions in Minnesota
Salary Range
$55,000 - $180,000
From entry-level to executive positions
Industry Comparison
5% Above
Compared to industry average in Minnesota
Total Compensation
+15%
Average bonus, stock options, and benefits
Location Factor: Minnesota
Working at Ameriprise Financial in Minnesota comes with specific geographical considerations:
- Cost of living index: 98 (U.S. average = 100)
- Average housing cost: $1,800/month for 1-bedroom apartment
- State income tax rate: 6.85%
- Regional salary adjustment factor: 2% lower than national average
- Remote work opportunities: Hybrid
Salary Negotiation Tips for Ameriprise Financial
Based on our research and feedback from successful candidates, here are effective negotiation strategies specific to Ameriprise Financial:
- Highlight financial modeling that commands premium compensation
- Research indicates Ameriprise Financial typically has 5% flexibility on initial offers
- Negotiating for flexible work schedule may be more successful than base salary increases
- Emphasize client acquisition that aligns with company values
- Consider year-end which has proven effective
Recent Compensation Trends at Ameriprise Financial
Our analysis shows the following significant trends in Ameriprise Financial's compensation strategy over the past year:
- 8% increase in starting salaries for Financial Advisor positions
- New emphasis on mental health as part of compensation packages
- Shift towards performance-based
- Increased investment in referral bonuses
- annual adjustments to remain competitive in Minnesota
Employee Testimonials
"After 4 years at Ameriprise Financial in Minnesota, I've seen my compensation grow by approximately 8% annually. The company values client relationship management and rewards it consistently through performance reviews."
- Anonymous, Financial Advisor
"The total compensation at Ameriprise Financial is competitive, but what really stands out is flexible work arrangements. This has added significant value to my overall package, worth approximately $10,000 annually."
- Anonymous, Marketing Specialist
Salary Comparison with Competitors
| Company | Avg. Base Salary | Bonus | Equity | Total |
|---|---|---|---|---|
| Ameriprise Financial | $95,000 | 10% | 5% | $110,000 |
| Edward Jones | $90,000 | 8% | 3% | $102,000 |
| Fidelity Investments | $92,000 | 9% | 4% | $106,000 |
| Wells Fargo Advisors | $88,000 | 7% | 2% | $98,000 |
Educational Impact on Salary
Your educational background can significantly influence your earning potential at Ameriprise Financial. Here's how education typically impacts salaries:
Advanced Degree (Ph.D., MBA)
+15% premium
Most valued in: Investments, Wealth Management
Master's Degree
+8% premium
Most valued in: Financial Planning, Technology
Bachelor's Degree
Base level
Standard requirement for most positions
Industry Certifications
+3% per certification
Most valued: CFA, CFP, Series 7
Promotion and Raise Cycles
Understanding Ameriprise Financial's promotion and raise cycles can help you time your career moves strategically:
- Annual performance reviews typically conducted in December
- Average annual salary increase: 4% for meeting expectations, 7% for exceeding
- Promotion eligibility typically requires 2 years in current role
- Average salary bump with promotion: 8-15%
- Bonus determinations made in November, paid in January
- Off-cycle raises most common in exceptional performance
Methodology & Data Sources
Our salary data has been meticulously compiled and verified through multiple sources:
- 3,500 verified salary reports from current and former employees (collected July 2023 - September 2024)
- Analysis of 700 job postings from Ameriprise Financial in Minnesota (collected July 2023 - September 2024)
- Interviews with 15 recruiters specializing in Ameriprise Financial placements
- Data from Bureau of Labor Statistics for Minnesota
- Industry compensation surveys from Glassdoor, Salary.com, and Indeed
- Proprietary JobBridge salary database with 35,000 data points
This data is accurate as of October 2024 and represents a comprehensive view of Ameriprise Financial's compensation structure in Minnesota.
Frequently Asked Questions
About This Salary Data
Our Ameriprise Financial salary data has been meticulously compiled from multiple reliable sources, including:
- 3,500 verified salary reports from current and former employees
- Data from job postings across major job boards
- Information from professional recruiters specializing in Ameriprise Financial placements
- Industry salary surveys and governmental labor statistics
- Anonymous compensation details shared through our proprietary network
This data was last updated on October 25, 2024, making it one of the most current and accurate salary resources available for Ameriprise Financial in Minnesota.
Salary by Department
| Department | Entry Level | Mid Level | Senior Level |
|---|---|---|---|
| Financial Planning | $60,000 | $90,000 | $130,000 |
| Investments | $65,000 | $95,000 | $140,000 |
| Wealth Management | $70,000 | $105,000 | $150,000 |
| Technology | $75,000 | $110,000 | $160,000 |
| Marketing | $62,000 | $92,000 | $135,000 |
| Operations | $55,000 | $80,000 | $115,000 |
Top-Paying Roles at Ameriprise Financial
Based on our research, these are the highest-paying positions at Ameriprise Financial in Minnesota:
1. Managing Director
$180,000
Typical requirements: 15+ years experience, proven leadership
2. Senior Vice President
$160,000
Typical requirements: 12+ years experience, significant business impact
3. Director of Financial Planning
$140,000
Typical requirements: 8+ years experience, team management
4. Lead Portfolio Manager
$135,000
Typical requirements: 7+ years experience, strong investment performance
5. Senior Software Engineer
$125,000
Typical requirements: 5+ years experience, technical expertise
How Ameriprise Financial Salaries Compare to Market
Total Compensation Analysis
At Ameriprise Financial, base salary is just one component of the total compensation package. Here's what you can expect in terms of additional benefits and compensation:
Bonuses
5-15%
Annual performance bonus (% of base salary)
Equity
2-10%
Stock options/RSUs (% of annual compensation)
401(k) Match
Up to 4%
Employer match for retirement contributions
Healthcare Value
$11,000/year
Estimated value of medical, dental, vision coverage
Additional benefits at Ameriprise Financial include:
Salary by Experience Level
Years of experience significantly impact your earning potential at Ameriprise Financial. Here's how salaries typically progress based on experience:
Salary Progression by Years of Experience
Compensation Research Team
JobBridge Salary Experts
Last updated: October 26, 2024 • Data accuracy verified by our research team