How much do stockbrokers make in California?
The median hourly pay for stockbrokers (2014) was $28.92.
High earners in the 90th percentile received over $90.00 an hour and 75th percentile wages were $58.81.
U.S. Census Bureau data found that in 2014, California was the 8th wealthiest state with 8.1% of the general population (the highest percentage in the nation) earning more than $200,000 a year.
The Average Stock Broker Salary in California is $60,150
The Top 3 highest medians (Yearly salaries)
- San Francisco- $113,410
- Napa, CA MSA – $74,080
- Salinas, CA MSA – $66,500
The 3 Lowest medians
- Northern Mountains Region (BOS) – $37,140
- Merced, CA MSA – $37,200
- Vallejo-Fairfield, CA MSA – $37,500
How Much Do Stockbrokers Make in California
Stockbrokers who operate near strong financial districts with affluent clientele have greater potential for higher incomes.
Here are a few more averages across the state:
- Los Angeles-Long Beach-Glendale, CA Metropolitan Division – $65,710
- Oxnard-Thousand Oaks-Ventura, CA MSA – $63,600
- Chico, CA MSA – $58,750
- Santa Ana-Anaheim-Irvine, CA Metropolitan Division – $56,860
How much do stockbrokers make in California:
Stock Broker Salary | Source: U.S. Bureau of Labor Statistics
[graphiq id=”9pXFz56MeXz” title=”California Profile” width=”600″ height=”591″ url=”https://w.graphiq.com/w/9pXFz56MeXz” link=”http://places.findthehome.com/l/2/California” link_text=”California Profile | FindTheHome” ]
How to Become a Stockbroker in California
 – Education
Those interested in becoming securities sales persons in the state of California should acquire sufficient training and education before attempting any licensing exams. Consider taking courses in these subjects:
(A) – Sales & Marketing – You’ll need skills and salesmanship qualities to solicit prospective clients with investment options. Maintaining standards and remaining personable will secure your position and encourage referrals.
(B) – Finance & Economics – Courses like Financial Trading and Risk Management can help develop practical skills when trading securities. Learning about bid-ask spreads, portfolio insurance, information asymmetry, liquidity, inventory risk, and more will benefit those in the finance industry.
 – Licensing
In this state, the Series 7 and Series 63 (or 66) Licenses are required to conduct trades on behalf of clients.
The Series 7 requires a sponsor from a FINRA – member firm, an exchange or self-regulatory organization whereas the Series 63 or 66 exams do not.
 – Registration
To lawfully conduct business in California, Form U4 should be sent to the California Department of Business Oversight via WebCRD (Central Registration Depository) along with a $25 fee. There’s no renewal fee required for this state.
If a broker-dealer agent is not apart of a FINRA – member firm, Form U4 should be sent directly to the commissioner along with the $25 fee and $20 processing fee for fingerprints.
Median Salary for Financial Careers in California
- Economists – $95,490
- Financial Analysts – $92,710
- Brokerage Clerks – $49,630
- Insurance Sales Agents – $54,150
Career Postings in California: