How Much Do Stockbrokers Make in Kentucky

How Much Do Stockbrokers Make in Kentucky? Stockbroker's average salary in Kentucky is the highest in Evansville, IN-KY MSA with $83,720.




How much do stockbrokers make in Kentucky?

The median hourly wage (2014) for stockbrokers in Kentucky was $21.44.

The highest category of earners (90th percentile) from Bureau of Labor Statistic data show that top performers received over $90.00 an hour.

Those in the 75th percentile earned $52.99.

Find the average stock broker salary in Kentucky along with employment data below.

So, how much do stockbrokers make in Kentucky?

The Average Stock Broker Salary in Kentucky is $44,600

Average Stock Broker Salary in Kentucky

The Top 3 highest medians (Yearly salaries)

  • Evansville, IN-KY MSA – $83,720
  • Lexington-Fayette, KY MSA – $80,130
  • Cincinnati-Middletown, OH-KY-IN MSA – $63,900

The 3 Lowest medians

  • Owensboro, KY MSA – $25,820
  • Clarksville, TN-KY MSA – $31,780
  • East Kentucky BOS – $34,510

How Much Do Stockbrokers Make in Kentucky?

Average income for securities sales agents in Kentucky is considerably less than the national average.

This state’s main industries are manufacturing (motor vehicles, chemicals), agriculture (tobacco, soybeans, tomatoes) and mining (coal, natural gas).

The financial industry isn’t as strong here compared to eastern states.

How Much Do Stockbrokers Make in Kentucky?


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

How to Become a Stockbroker in Kentucky?

[1]- Education

Educational requirements for those wishing to become registered representatives include receiving a degree either in Business, Finance, or Accounting. Studying financial markets, attending conferences and internships can help students gain important experiences before pursuing a career.

[2] – Licensing

The Financial Industry Regulatory Authority (FINRA) requires that a member brokerage firm sponsor those interested in taking the Series 7 Licensing Exam. With this license, a registered representative can trade options, bonds and stocks for clients and receive commission. Additionally, the Series 63 or 66 licenses are required by this state as well.

[3] – Registration

In Kentucky, stock brokers should be registered by the Department of Financial Institutions Securities Division. Form U-4 should be finished and given to the Division via the Central Registration Depository along with a $50 fee.

Average Salary of Similar Occupations in Kentucky

  • Insurance Sales Agents – $39,330
  • Real Estate Sales Agents – $32,440
  • Financial Analysts – $58,650
  • Economists – $61,490

Employment Opportunities in Kentucky

Average Stock Broker Salary in Kentucky How Much Do Stockbrokers Make in Kentucky How to Become a Stockbroker in Kentucky
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