How much do stockbrokers make in Florida?
A state with no income tax means securities sales agents take home more of their pay.
The hourly median in 2014 was $28.53. While those in the 90th percentile earned an hourly rate of $89.99.
With the financial industry relatively strong here, earnings for broker-dealer agents can be quite favorable. View the average stock broker salary in Florida among other data below.
The Average Stockbroker Salary in Florida is $59,350
The Top 3 highest medians (Yearly salaries)
- Miami- FL Metropolitan Division – $81,620
- Cape Coral-Fort Myers, FL MSA – $77,740
- South Florida BOS – $73,820
The 3 Lowest medians
- Sebastian-Vero Beach, FL MSA – $40,070
- Deltona-Daytona Beach-Ormond Beach, FL MSA – $47,100
- Palm Bay-Melbourne-Titusville, FL MSA – $48,600
How Much Do Stockbrokers Make in Florida
Florida is home to the Miami Stock Exchange (MS4X) which facilitates trades for 27 Caribbean and Latin American countries, or G27.
There’s also the MIAX Options Exchange which received approval from the SEC to operate back in December 2012.
How much do stockbrokers make in Florida:
Stock Broker Salary | Source: U.S. Bureau of Labor Statistics
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How To Become a Stockbroker in Florida
[A] – Education
As plenty of career opportunities are available in this state, there’s also competition when it comes to job placement. Those who pursue degree paths in Finance, Business Administration, Accounting or Economics will gain confidence from potential employers.
Pursuing an MBA or Masters in Finance will assist in landing advanced job levels. Also, internships, involvement with conferences and seminars will help you gain more experience in the field.
[B] – Licensing
Another step to becoming a stockbroker includes receiving the necessary licenses. The Series 7 License is required to trade securities and you must be sponsored by a FINRA member firm to take it. The Series 63 License is not required in this state.
[c] – Registration
Finally, you must register with the state of Florida in order to facilitate trades for clients. Form U4 must be completed and submitted through FINRA’s WebCRD (Central Registration Depository) along with a fee. Visit Florida’s Office of Financial Regulation for more information.
Current Job Openings in Florida: