How Much Do Stockbrokers Make in Montana?
Stock brokers are sales representatives for broker/dealer firms and earn income in a variety of ways.
Through commissions, base salary and incentive bonuses combined, the Bureau of Labor Statistics found that in 2014, the median hourly wage was $27.33 for brokers.
Those in the 75th percentile category earned $46.38 an hour and 90th percentile brokers received $71.44.
Find the average stock broker salary in Montana (per year) along with employment data and highest/lowest paying cities below.
How much do stockbrokers make in Montana?
The Average Stock Broker Salary in Montana is $56,840
The Top 3 highest medians (Yearly salaries)
- Central Montana BOS – $129,220
- Billings, MT MSA – $64,490
- Western Montana BOS – $61,780
The 3 Lowest medians
- Missoula, MT MSA – $40,560
- Southwestern Montana BOS – $52,890
- Eastern Montana BOS – $54,250
How Much Do Stockbrokers Make in Montana (Hourly Rates and Employment)
The average stock broker salary in Montana is above the average of all those employed in the state. In 2014, the general population of MT earned $46,766 which is $10,074 under what broker/dealer agents received.
Also, Montana has no sales tax or inheritance tax (often referred to as death tax), but does have an income tax ranging from 1 % to 6.9%.
How Much Do Stockbrokers Make in Montana:
Stock Broker Salary | Source: U.S. Bureau of Labor Statistics
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How to Become a Stockbroker in Montana
To operate as a stock broker in Montana, you require licensing from The Montana Commissioner of Securities and Insurance in the Securities Department.
Broker/dealer agents should submit Form U4 through the CRD (Central Registration Depository) along with a $50 fee. Also, proof of passage of the Series 63 or 66 exams is required as well.
Employers in this field prefer individuals who have obtained a college degree. Being knowledgeable on various financial markets and developing key skills will prepare you for this field.
Typically, degree paths in Finance or Business are preferred. Also, joining college financial organizations and internships will allow you to develop important experience and networking opportunities.
Average Salary of Related Occupations in Montana
- Credit Analysts – $44,850
- Economists – $82,320
- Tax Examiners – $48,670
- Financial Analysts – $74,750
Employment Opportunities in Montana: