How much do stockbrokers make in Michigan?
The median hourly wage in 2014 was $24.89 in this state.
Agents in the 75th percentile earned $45.92 and 90th percentile brokers earned $78.53 an hour.
A stock broker’s pay depends on many different factors including experience, the prevailing economic climate and which firm they choose to work for.
So, how much do stockbrokers make in Michigan?
The Average Stock Broker Salary in Michigan is $51,760
The Top 3 highest medians (Yearly salaries)
- Flint, MI MSA – $81,560
- Kalamazoo-Portage, MI MSA – $61,980
- South Bend-Mishawaka, IN-MI MSA – $61,170
The 3 Lowest medians
- Northeast Lower Peninsula BOS – $31,160
- Upper Peninsula BOS – $35,990
- Northwest Lower Peninsula BOS – $39,150
How Much Do Stockbrokers Make in Michigan? (Annual Rates and Employment)
Employment in Michigan has steadily gone down over the past four years. Annual wages, however, have been on an upward trend.
How much do stockbrokers make in Michigan:
Stock Broker Salary | Source: U.S. Bureau of Labor Statistics
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How to Become a Stockbroker in Michigan
[A] – Education
The very first step in working as a stockbroker in Michigan is to pursue higher education at an accredited institution. Taking courses in Business, Finance, Statistics and Economics will better help prepare you for the career.
[B] – Licensing
[C] – Registration
In order to work as a securities sales agent, you must register with the state of Michigan. You can find details on registration here.
Average Salary for Other Finance Occupations in Michigan
- Real Estate Sales Agent – $38,330
- Insurance Sales Agents – $44,940
- Credit Analysts – $48,730
- Personal Financial Advisors – $62,790
Employment Opportunities in the State of Michigan