How Much Do Stockbrokers Make in New York

How Much Do Stockbrokers Make in New York? The average stock broker salary in New York is quite impressive at almost double the national average.




How much do stockbrokers make in New York?

For 2014, the median hourly wages for stockbrokers in New York was $66.89.

Those in the 75th and 90th percentile earned over $90.00 and hour.

New York ranks highest in the nation for stock broker incomes.

After all, it is home to the New York Stock Exchange and NASDAQ – both the largest exchanges in the world by market capitalization.

So how much do stockbrokers make in New York?

The Average Stock Broker Salary in New York is $139,140

How Much Do Stockbrokers Make in New York

The Top 3 highest medians (Yearly salaries)

  • New York-White Plains-Wayne, NY-NJ Metropolitan Division – $147,230
  • Southwest New York BOS – $85,720
  • Buffalo-Niagara Falls, NY MSA – $81,420

The 3 Lowest medians

  • Rochester, NY MSA – $36,990
  • Poughkeepsie-Newburgh-Middletown, NY MSA – $44,570
  • Utica-Rome, NY MSA – $45,050

How Much Do Stockbrokers Make in New York? (Annual wages and Employment)

According to the U.S. Bureau of Economic Analysis, New York City came in 8th place for Gross Metropolitan Product – the value of all goods and service outputs per resident in a metropolitan area – in 2014.

A productive economy means heighten investment activity which, of course, is beneficial to stockbrokers.

How much do stockbrokers make in New York:


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

How to Become a Stockbroker in New York

[1] – Education

One of the most important steps to being a stockbroker include obtaining a college degree. Specifically something in Finance or Business is preferred. Developing analytical and communication skills should also be pursued

[2] – Licensing

In order to service clientele in trading securities, you must have a Series 7 License. For this you’ll need a FINRA – member firm, an exchange or a self-regulatory organization to sponsor you. Additionally, the Series 63 or Series 66 is required as well.

[3] – Registration

Being the fourth-most populous state in the nation, New York offers job opportunities for stock brokers who wish to solicit for clients.

The law requires securities sales agents to be licensed and registered with the New York Office of the Attorney General Investor Protection Bureau. Here are two paths to register:

Non – FINRA Firms: Brokers who are not apart of a FINRA member firm should file Form M-2 ($150 fee) for four years or Form M-4 ($30 fee) to the Department of Law.

FINRA – member Firms: Those who are apart of a FINRA member firm should register through the WebCRD (Central Registration Depository) with Form U-4.

Average Salary for Other Finance Occupations in New York

  • Financial Manager – $162,210
  • Financial Analysts – $96,180
  • Tax Examiners – $59,430
  • Accountants and Auditors – $78,040

Find employment opportunities for stock brokers in New York below:

Average Stock Broker Salary in New York how much does a stock broker make in New York How to Become a Stockbroker in New York NASDAQ New York Office of the Attorney General Investor Protection Bureau New York Stock Exchange
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