How much do stockbrokers make in New York?
For 2014, the median hourly wages for stockbrokers in New York was $66.89.
Those in the 75th and 90th percentile earned over $90.00 and hour.
New York ranks highest in the nation for stock broker incomes.
So how much do stockbrokers make in New York?
The Average Stock Broker Salary in New York is $139,140
The Top 3 highest medians (Yearly salaries)
- New York-White Plains-Wayne, NY-NJ Metropolitan Division – $147,230
- Southwest New York BOS – $85,720
- Buffalo-Niagara Falls, NY MSA – $81,420
The 3 Lowest medians
- Rochester, NY MSA – $36,990
- Poughkeepsie-Newburgh-Middletown, NY MSA – $44,570
- Utica-Rome, NY MSA – $45,050
How Much Do Stockbrokers Make in New York? (Annual wages and Employment)
According to the U.S. Bureau of Economic Analysis, New York City came in 8th place for Gross Metropolitan Product – the value of all goods and service outputs per resident in a metropolitan area – in 2014.
A productive economy means heighten investment activity which, of course, is beneficial to stockbrokers.
How much do stockbrokers make in New York:
Stock Broker Salary | Source: U.S. Bureau of Labor Statistics
How to Become a Stockbroker in New York
 – Education
One of the most important steps to being a stockbroker include obtaining a college degree. Specifically something in Finance or Business is preferred. Developing analytical and communication skills should also be pursued
 – Licensing
In order to service clientele in trading securities, you must have a Series 7 License. For this you’ll need a FINRA – member firm, an exchange or a self-regulatory organization to sponsor you. Additionally, the Series 63 or Series 66 is required as well.
 – Registration
Being the fourth-most populous state in the nation, New York offers job opportunities for stock brokers who wish to solicit for clients.
The law requires securities sales agents to be licensed and registered with the New York Office of the Attorney General Investor Protection Bureau. Here are two paths to register:
Non – FINRA Firms: Brokers who are not apart of a FINRA member firm should file Form M-2 ($150 fee) for four years or Form M-4 ($30 fee) to the Department of Law.
FINRA – member Firms: Those who are apart of a FINRA member firm should register through the WebCRD (Central Registration Depository) with Form U-4.
- Find more information at the Attorney General’s Registration Information Sheet.
Average Salary for Other Finance Occupations in New York
- Financial Manager – $162,210
- Financial Analysts – $96,180
- Tax Examiners – $59,430
- Accountants and Auditors – $78,040
Find employment opportunities for stock brokers in New York below: