How much do stockbrokers make in Alaska?
The median hourly rates for Alaskan stockbrokers in 2014 was $28.39.
Those in the 75th percentile earned $41.19 while those in the 90th percentile earned over $90 an hour.
According to the U.S. Census Bureau, Alaska was the 3rd wealthiest state in 2014. Median household income was $71,583 and the unemployment rate was 6.8%.
Find employment data and best paying cities in Alaska below.
So, how much do stockbrokers make in Alaska?
The Average Stock Broker Salary in Alaska is $59,380
The Top 3 highest medians (Yearly salaries)
- Juneau, AK – $67,158
- Sitka, AK – $67,158
- Anchorage, AK – $67,140
The Lowest 3 medians
- Palmer, AK – $67,040
- Wasilla, AK – $67,040
- Fairbanks, AK – $66,505
How Much Do Stockbrokers Make in Alaska
Employment is quite low in the state of Alaska. However, those in the 90th and 75th percentile have seen their wages increase.
Time in the industry, knowledge and any special designations like CFP will increase your value to clients and your firm which, of course, positively affects earnings.
How much do stockbrokers make in Alaska:
|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 Alaska
(1) – Education
Becoming a stockbroker in Alaska first requires sufficient education and knowledge about the industry. Obtaining a degree in Finance or Business Administration is the first step.
(2) – Licensing
To be able to facilitate trades on your clients behalf and earn commission, you must take and pass the Series 7 Licensing Exam. Sponsorship from a wirehouse that’s a member of FINRA is required.
You’ll also need to pass the Series 63 or 66 License Exams as well.
(3) – Registration
The filing fee for registering with the state of Alaska is $75. Form U4 should be sent through the WebCRD (Central Registration Depository) before soliciting prospective clients for trades here.
Find more information at the Alaska Division of Banking and Securities Department website.
Average Salary of Financial Careers in Alaska
- Economists – $75,830
- Financial Analysts – $98,620
- Insurance Sales Agents – $48.040
- Brokerage Clerks – $55,110
Available Job Postings in Alaska: