How Much Do Stockbrokers Make in Massachusetts

How Much Do Stockbrokers Make in Massachusetts? Broker/dealer agents in Boston received the highest median income in MA with $121,780 (2014).




How much do stockbrokers make in Massachusetts?

The median hourly wage for agents in this state was $56.54 an hour in 2014.

The best performing agents in the 90th and 75th percentile received well over $90.00 an hour.

Find details on the average stock broker salary in Massachusetts as well as cities that pay the least/most and employment data. Also learn about what’s required to be established as a broker here.

The Average Stock Broker Salary in Massachusetts is $117,610

Average Stock Broker Salary in Massachusetts

The Top 3 highest medians (Yearly salaries)

  • Boston-Cambridge-Quincy, MA NECTA Division – $121,780
  • Barnstable Town, MA Metropolitan NECTA – $106,420
  • Framingham, MA NECTA Division – $94,610

The 3 Lowest medians

  • Lawrence-Methuen-Salem, MA-NH NECTA Division – $49,310
  • Northwest Massachusetts BOS – $56,520
  • Springfield, MA-CT Metropolitan NECTA – $63,010

How Much Do Stockbrokers Make in Massachusetts

The average wage for stockbrokers is quite a bit higher than the general population’s average for this state ($44,670).

Plus, they earn quite a bit more than the national average for stockbrokers ($72,070) since the state is home to the Boston Stock Exchange (NASDAQ OMX BX).

NASDAQ OMX BX (owned by NASDAQ) is the third oldest stock exchange in the U.S. (Pennsylvania has the oldest). And with it comes heighten financial activity.

So, how much do stockbrokers make in Massachusetts:


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

How to Become a Stockbroker in Massachusetts

[A] – Education

Those wishing to become registered representatives in the state of Massachusetts should first pursue a college degree. Any of the following is recommended:

  • Business
  • Finance
  • Consumer and Family Services
  • Accounting

Wirehouses typically prefer to hire those who have received a degree so this is the first step to becoming a stockbroker.

[B] – Licensing

Typically, after graduating, seeking stockbroker trainee positions will allow you to study for the Series 7 Exam which requires a sponsor from a FINRA member firm. Additional exams required are the Series 63 or 66.

[C] – Registration

Finally, registering with Massachusetts’ Securities Division is required. The registration fee for broker/dealer agents is $75. This must be renewed each year. Form U-4 must be completed and submitted to the Division.

Average Salary for Similar Occupations in Massachusetts

  • Real Estate Brokers – $94,660
  • Insurance Sales Agents – $65,380
  • Financial Analysts – $84,220
  • Personal Financial Advisors – $95,760

Employment Opportunities in Massachusetts

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