How much do stockbrokers make in Louisiana?
Registered representatives median hourly rates for the state was $25.08 in 2014.
The general population in Louisiana only earned a median hourly rate of $15.20.
Earnings are not going to be as high since Louisiana was the 7th poorest state in the nation that year according to the U.S. Census Bureau.
And with a severe budget crisis and high unemployment (6.4%), things might get worse before they get any better.
So, how much do stockbrokers make in Louisiana?
The Average Stock Broker Salary in Louisiana is $52,170
The Top 3 highest medians (Yearly salaries)
- New Orleans-Metairie-Kenner, LA MSA – $72,780
- Lake Charles, LA MSA – $55,070
- Shreveport-Bossier City, LA MSA – $47,910
The 3 Lowest medians
- Monroe, LA MSA – $32,930
- New Iberia BOS – $36,100
- Baton Rouge, LA MSA – $38,510
How Much Do Stockbrokers Make in Louisiana
As you can see, the average stock broker salary in Louisiana is $19,900 lower than the national average for 2014.
With a $117 million budget deficit for the year, 3rd highest poverty rate (19.8%) and the likelihood of higher taxes, incomes aren’t expected to rise for any profession in Louisiana anytime soon.
How Much Do Stockbrokers Make in Louisiana:
Stock Broker Salary | Source: U.S. Bureau of Labor Statistics
How to Become a Stockbroker in Louisiana
To get started, you will have to be registered as a broker-dealer agent by the Louisiana Office of Financial Institutions and FINRA.
To register with the state, Form U-4 must be submitted, along with a $60 fee, through the Central Registration Depository (CRD).
It is essential in today’s job market to complete all relevant studies before seeking a position at a brokerage firm. Whether online through distance education or at a college/university location, taking courses in Economics, Finance, Business and other related topics would be beneficial.
Read More: How to Become a Stockbroker
Seeking a position as a stockbroker trainee will allow you to study for the Series 7 Exam, which requires a sponsor, and work under experienced financial advisors.
The Series 63 or 66 Licenses are not required by this state.
Average Salary for Other Finance Careers in Louisiana
- Brokerage Clerks – $46,990
- Real Estate Sales Agents – $35,190
- Insurance Sales Agents – $41,120
- Economists – $97,220
Employment Opportunities in Louisiana: