How Much Do Stockbrokers Make in Virginia

How Much Do Stockbrokers Make in Virginia? In 2014, Roanoke, Virginia stockbrokers earned the highest median across the state at $93,060.




How much do stockbrokers make in Virginia?

The median hourly wage for securities sales persons (a.k.a. stockbrokers) was $31.56 in 2014.

Those in higher income brackets include 75th percentile earners at $54.61 and 90th percentile earners receiving $87.00 an hour.

Unfortunately, sales representatives earnings in Virginia were below the national average in 2014.

So, how much do stockbrokers make in Virginia?

The Average Stock Broker Salary in Virginia is $65,650

Average Stock Broker Salary in Virginia
The Top 3 highest medians (Yearly salaries)

  • Roanoke, VA MSA – $93,060
  • Blacksburg-Christiansburg-Radford, VA MSA – $86,630
  • Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division – $72,440

The 3 lowest medians

  •  Southwestern Virginia BOS – $38,760
  • Winchester, VA-WV MSA – $47,000
  • Kingsport-Bristol-Bristol, TN-VA MSA – $51,930

How Much Do Stockbrokers Make in Virginia

More experienced stockbrokers with a larger amount of Assets Under Management (AUM) typically are in the 90th percentile while junior stockbrokers or stockbroker trainees are in the low-income categories.

How much do stockbrokers make in Virginia:


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

How to Become a Stockbroker in Virginia

[A] – Education

Pursuing Finance, Accounting, Business Administration, Entrepreneurship degrees at an accredited college or university is encouraged when becoming a broker.

You don’t necessarily need a degree to trade securities, but it’ll help you find employment as firms mostly only hire those who’ve obtained one.

[B] – Licensing

Once apart of a FINRA member firm, self-regulatory organization or exchange, they can sponsor you to take the Series 7 and Series 63 (or 66) exam.

[C] – Registration

You also must be registered with the Virginia State Corporation Commission in the Division of Securities and Retail Franchising. You do this by filing Form U4 and submitting it to the Division of Securities in Virginia through the Central Registration Depository (CRD) and pay the $30 fee.

Average Salary for Similar Occupations

  • Accountants – $72,280
  • Financial Analysts – $85,830
  • Economists – $116,910
  • Tax Examiners – $46,300

Current Employment Listings in Virginia:

How Much Do Stockbrokers Make in Virginia Roanoke Virginia State Corporation Commission Virginia's average pay for brokers
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