How much do stockbrokers make in Maine?
Registered representatives’ hourly median income in Maine for 2014 was $30.90.
Those in the 90th percentile earned $70.62. That means they earned more than 90 percent of all stockbrokers employed in the state.
Information on the average stock broker salary in Maine can be found below.
Also included are details on employment and job opportunities. Further, learn what it takes to become a registered representatives here.
So, how much do stockbrokers make in Maine
The Average Stock Broker Salary in Maine is $64,280
The Top 3 highest medians (Yearly salaries)
- Rochester-Dover – $97,000
- Portsmouth – $90,050
- Lewiston-Auburn – $67,500
The 3 Lowest medians
- Bangor, ME Metropolitan NECTA – $39,010
- Portland-South Portland-Biddeford – $64,730
- Southwest Maine BOS – $64,990
How Much Do Stockbrokers Make in Maine? (Employment and Annual Wages)
The data in the table displays annual wages they’ve earned between 2011 and 2014. Some information had not been released so was unavailable for that year.
How much do stockbrokers make in Maine:
Stock Broker Salary | Source: U.S. Bureau of Labor Statistics
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How to Become a Stockbroker in Maine?
(1) – Education
Those wishing to be employed as stockbrokers in Maine should begin their journey at a university. Courses like Options and Futures, Financial Markets and Instruments and Statistics are recommended.
Technically, a degree is not required for this profession, only recommended. It’s because in order to receive sponsorship to taking licensing exams, being hired by a firm is necessary. And those with degrees are preferred by brokerages and wirehouses than those with no formal education.
(2) – Licensing
In order to perform the duties of a registered representative, one must take and pass the Series 7 Exam. The fee for this exam is $305, however, your brokerage firm will sponsor you and also provide training and study time as a junior stockbroker.
Also required in this state is the Series 63 or Series 66 exam. The fees for these exams are $125 and $155 respectively.
(3) – Registration
Form U-4 should be completed and sent to Maine’s Office of Securities through FINRA’s CRD (Central Registration Depository) along with a $50 fee.
Average Salary for Other Finance Careers in Maine
- Tax Examiners and Collectors – $45,600
- Insurance Sales Agents – $48,780
- Accountants and Auditors – $56,380
- Personal Financial Advisors – $97,320
Employment Opportunities in Maine: