How much do stockbrokers make in Delaware?
The median hourly pay for representatives (2014) was $35.98.
Those with more experience and wealthier clients in the 90th percentile earned over $90.00 an hour.
While 75th percentile agents received $58.76.
So how much do stockbrokers make in Delaware? Information on highest paying cities and employment data can be found below.
The Average Stock Broker Salary in Delaware is $74,850
The Top 3 highest medians (Yearly salaries)
- Dover, DE MSA – $88,630
- Wilmington, DE – $74,820
- Bear, DE – $64,385
The 3 Lowest medians
- Sussex County (BOS) – $54,970
- Lewes – $63,916
- Rehoboth Beach – $63,916
How Much Do Stockbrokers Make in Delaware
Often referred to as securities sales persons or registered representatives, stockbrokers can find lucrative opportunities here.
According to U.S. Census Bureau data, Delaware was the nation’s 14th wealthiest state in 2014.
With a 5.7% unemployment rate, 12.5% poverty rate and a median household income of $59,710, economic conditions are favorable for those in the finance industry.
How Much Do Stockbrokers Make in Delaware:
Stock Broker Salary | Source: U.S. Bureau of Labor Statistics
How to Become a Stockbroker in Delaware
[A] – Education
Becoming a registered representative in Delaware is a long process of education, testing and training. Obtaining a college degree is the first step to becoming a stockbroker in this state.
Expect to take courses in:
- Corporate Financial Management
- Marketing and,
- Investment Strategy
[B] – Licensing
There are no college degrees that’ll allow you to buy and sell securities on behalf of clients – that requires licensing. However, in order to take the Series 7 License, you must be sponsored by a brokerage firm that’s apart of FINRA.
And they prefer applicants who have obtained a degree in Finance, Business or a related field. You’ll need four months on the job before taking the Exam. Additionally, a Series 63 or 66 License is required by the state as well.
[C] – Registration
A $65 filing fee is required when submitting an application to the director regarding registration with the state. You can find more information here.
Median Pay for Finance Jobs in Delaware
- Credit Counselors – $37,570
- Insurance Sales Agents – $45,060
- Tax Examiners – $58,630
- Accountants and Auditors – $68,420
Locate Available Career Postings in Delaware: