How Much Do Stockbrokers Make in Idaho

How Much Do Stockbrokers Make in Idaho? Broker/dealer agents earned the most in the Boise City - Nampa Metropolitan Statistical Area with $48,590.




How much do stockbrokers make in Idaho?

In 2014, those in the 90th percentile earned an hourly rate of $87.56. This means 90 percent of those employed as securities sales agents earned less.

The median hourly pay, however, was $21.70 an hour and those in the 75th percentile earned $41.04.

Data collected from the U.S. Bureau of Labor Statistics that include annual wages between 2011 and 2014 as well as employment information can also be found below.

So, how much do stockbrokers make in Idaho?

The Average Stock Broker Salary in Idaho is $45,320

Average Stock Broker Salary in Idaho

The Top 3 highest medians (Yearly salaries)

  • Boise City-Nampa, ID MSA – $48,590
  • Pocatello, ID MSA – $42,220
  • Logan, UT-ID MSA – $38,370

The 3 Lowest medians

  • Southwest Idaho BOS – $36,540
  • Idaho Falls, ID MSA – $37,010
  • Coeur d’Alene, ID MSA – $37,580

How Much Do Stockbrokers Make in Idaho

Idaho isn’t a high earning state across the board. The general population in 2014 earned  a median annual wage of $31,060. The average for the rest of the nation was $35,540. Registered representatives can earn considerably more if they attract and retain clientele.

How much do stockbrokers make in Idaho:

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

How to Become a Stockbroker in Idaho

[1] – Education

Becoming a stockbroker in Idaho requires training and experience. Initially, before seeking employment at a wirehouse, attaining a degree in Finance, Economics or Business is recommended.

[2] – Licensing

Once you’ve developed knowledge and necessary skills to pursue the career, taking licensing exams is the next step. In order to take the Series 7 Exam, you’ll need sponsorship from brokerage firm that’s a member of FINRA. With the Series 7 License, you can trade stocks, bonds and options and receive commissions.

Idaho also requires the Series 63 Exam as well. Alternatively, you could take the Series 66 Exam which combines both the Series 63 and 65 Exams.

[3] – Registration

To lawfully be able to solicit clients for trading securities, a registered representative must file Form U4 to Idaho’s Finance Department. A non-refundable $50 fee will be required as well. The renewal fee is the same amount and must be paid by December 31 of each year.

Average Salary of Financial Occupations in Idaho

  • Brokerage Clerks – $40,070
  • Financial Analysts – $69,910
  • Accountants – $60,250
  • Economists – $54,860

Employment Opportunities in Idaho:

Average Stock Broker Salary in Idaho How Much Do Stockbrokers Make in Idaho How to Become a Stockbroker in Idaho Idaho's Finance Department
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