How much do stockbrokers make in Alabama?
The median hourly rates in 2014 were $22.10 according to data collected by BLS.
Those in the 75th percentile earned $46.14 and 90th percentile earners received $85.71 an hour.
Registered representatives (as they’re known in the industry) earn money in a variety of ways: 1) base salary 2) commissions through trades conducted and, 3) incentive bonuses.
So, how much do stockbrokers make in Alabama?
The Average Stock Broker Salary in Alabama is $45,970
The Top 3 highest medians (Yearly salaries)
- Montgomery, AL MSA – $82,480
- Northwest Alabama BOS – $59,230
- Auburn-Opelika, AL MS – $59,190
The Lowest 3 medians
- Huntsville, AL MSA – $38,310
- Mobile, AL MSA – $38,540
- Tuscaloosa, AL MSA – 39,140
How Much Do Stockbrokers Make in Alabama
The mean annual wage for 2014 was $78,060. Security sales persons (i.e. stockbrokers) can earn three-figure incomes in this state if they stay on the job long enough to build clientele.
The more assets under management (AUM) you have, the more commissions/bonuses you’ll receive.
How much do stockbroker make in Alabama:
|Year||Employment||Annual 25th percentile wage||Annual median wage||Annual 75th percentile wage||Annual 90th percentile wage|
Stock Broker Salary | Source: U.S. Bureau of Labor Statistics
How to Become a Stockbroker in Alabama
 – Education
Receiving excellent education from a reputable university is the beginning process of a career in investments. Specifically seeking degree paths in Economics, Business or Finance would be beneficial when becoming a broker-dealer agent.
 – Licensing
Additionally, licensing is required in order to exchange securities for prospective clients. Seeking sponsorship from a brokerage house that’s a member of the Financial Regulatory Industry Authority (FINRA) is required for the Series 7 License.
The Series 66 or 63 is necessary for the state of Alabama as well.
 – Registration
Simply complete Form U-4 and submit a $60 fee view WebCRD to register with the state. After which you’ll be able to trade securities on behalf of clients in the state of Alabama.
- Find more information at the Alabama Securities Commission website.
Median Income for Similar Jobs in Alabama:
- Travel Agents – $36,690
- Insurance Sales Agents – $40,810
- Advertising Sales Agents – $36,640
- Real Estate Sales Agents – $51,760
Employment Opportunities in Alabama: