How Much Do Stockbrokers Make in California

How Much Do Stockbrokers Make in California? Employment is very high in this state - comparable to levels on the east coast. Wages are decent as well.




How much do stockbrokers make in California?

The median hourly pay for stockbrokers (2014) was $28.92.

High earners in the 90th percentile received over $90.00 an hour and 75th percentile wages were $58.81.

U.S. Census Bureau data found that in 2014, California was the 8th wealthiest state with 8.1% of the general population (the highest percentage in the nation) earning more than $200,000 a year.

The Average Stock Broker Salary in California is $60,150

How Much Do Stockbrokers Make in California

The Top 3 highest medians (Yearly salaries)

  • San Francisco- $113,410
  • Napa, CA MSA – $74,080
  • Salinas, CA MSA – $66,500

The 3 Lowest medians

  • Northern Mountains Region (BOS) – $37,140
  • Merced, CA MSA – $37,200
  • Vallejo-Fairfield, CA MSA – $37,500

How Much Do Stockbrokers Make in California

Stockbrokers who operate near strong financial districts with affluent clientele have greater potential for higher incomes.




Here are a few more averages across the state:

  • Los Angeles-Long Beach-Glendale, CA Metropolitan Division – $65,710
  • Oxnard-Thousand Oaks-Ventura, CA MSA – $63,600
  • Chico, CA MSA – $58,750
  • Santa Ana-Anaheim-Irvine, CA Metropolitan Division – $56,860

How much do stockbrokers make in California:


Stock Broker Salary | Source: U.S. Bureau of Labor Statistics

How to Become a Stockbroker in California

[1] – Education

Those interested in becoming securities sales persons in the state of California should acquire sufficient training and education before attempting any licensing exams. Consider taking courses in these subjects:

(A) – Sales & Marketing –  You’ll need skills and salesmanship qualities to solicit prospective clients with investment options. Maintaining standards and remaining personable will secure your position and encourage referrals.

(B) – Finance & Economics – Courses like Financial Trading and Risk Management can help develop practical skills when trading securities. Learning about bid-ask spreads, portfolio insurance, information asymmetry, liquidity, inventory risk, and more will benefit those in the finance industry.

[2] – Licensing




In this state, the Series 7 and Series 63 (or 66) Licenses are required to conduct trades on behalf of clients.

The Series 7 requires a sponsor from a FINRA – member firm, an exchange or self-regulatory organization whereas the Series 63 or 66 exams do not.

[3] – Registration

To lawfully conduct business in California, Form U4 should be sent to the California Department of Business Oversight via WebCRD (Central Registration Depository) along with a $25 fee. There’s no renewal fee required for this state.

If a broker-dealer agent is not apart of a FINRA – member firm, Form U4 should be sent directly to the commissioner along with the $25 fee and $20 processing fee for fingerprints.

Median Salary for Financial Careers in California

  • Economists – $95,490
  • Financial Analysts – $92,710
  • Brokerage Clerks – $49,630
  • Insurance Sales Agents – $54,150

Career Postings in California:

Average Stock Broker Salary in California California Department of Business Oversight How Much Do Stockbrokers Make in California How to Become a Stockbroker in California
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