How Much Do Stockbrokers Make in Louisiana

How Much Do Stockbrokers Make in Louisiana? In the New Orleans-Metairie-Kenner Metropolitan Statistical Area (MSA), stockbrokers earn the most at $72,780.




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

 

average stock broker salary

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).

Education Requirements

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

Licensing

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: 

Average Stock Broker Salary in Louisiana How Much Do Stockbrokers Make in Louisiana How to Become a Stockbroker in Louisiana Louisiana Office of Financial Institutions
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