How much do stockbrokers make in New Mexico?
The median hourly wages for brokers in this state in 2014 was $28.41; 75th percentile category earners received $43.73 and 90th percentile brokers had $69.26 an hour.
Below are average stock broker salaries in New Mexico from the U.S. Bureau of Labor Statistics (2014). Also data from various cities in the state are included as well.
Lastly, annual wages for selected years are presented along with details on how to become a stockbroker in New Mexico.
The Average Stock Broker Salary in New Mexico is $38,950
The highest medians (Yearly salaries)
- Santa Fe, NM MSA – $47,730
- Albuquerque, NM MSA – $40,770
- Eastern New Mexico BOS – $36,040
- Las Cruces, NM MSA – $30,370
How Much Do Stockbrokers Make in New Mexico? (Annual wages and Employment)
Represented below are the annual wages for stock brokers in this state. Also included is how many were employed during the given year. So how much do stockbrokers make in New Mexico?
Stock Broker Salary | Source: U.S. Bureau of Labor Statistics
How to Become a Stockbroker in New Mexico
[A] – Education
Either a Finance, Business or related degree from an accredited university is also encouraged. And while in college, taking advantage of internships will help you in gaining experience and networking opportunities.
[B] – Licensing
You also need sponsorship from a duly licensed, FINRA – member firm to take the Series 7 exam. Otherwise, you can receive sponsorship from an exchange or a self-regulatory organization. The fee for this exam is $305.
The Series 63 or 66 Exams are required as well. The fees are $125 and $155 respectively.
[C] – Registration
To facilitate trades for clients, you must be registered and licensed by the New Mexico Regulation and Licensing Department in the Securities Division. Form U-4 should be completed and sent to the Division with a $50 fee.
Average Salary for Other Finance Careers in New Mexico
- Accountants and Auditors – $56,630
- Economists – $60,160
- Financial Analysts – $70,880
- Real Estate Sales Agents – $46,940
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