How much do stockbrokers make in North Carolina?
In 2014, security sales agents earned a median rate of $34.14 per hour.
The 75th percentile hourly wage was $64.09 and those in the 90th percentile earned over $90.00 an hour.
Registered representatives who seek out high net worth clients can earn six figure incomes through commissions and netting new wealth bonuses provided by their firms.
So how much do stockbrokers make in North Carolina?
The Average Stock Broker Salary in North Carolina is $71,010
The Top 3 highest median (Yearly salaries)
- Greensboro-High Point, NC MSA – $94,430
- Charlotte-Gastonia-Rock Hill, NC-SC MSA – $82,660
- Hickory-Lenoir-Morganton, NC MSA – $80,430
The 3 Lowest medians
- Western Central North Carolina BOS – $37,620
- Northeastern North Carolina BOS – $44,980
- Fayetteville, NC MSA – $46,960
How Much Do Stockbrokers Make in North Carolina (Annual wages and Employment)
Stock brokers (also known as broker-dealer agents) can earn quite well in the state of North Carolina.
Employing smart marketing techniques (cold calls, seminars, etc) to build clientele will help generate more revenue for your firm.
And bringing in more revenue will elevate you to higher commission rates and award you lucrative incentive bonuses.
How much do stockbrokers make in North Carolina:
Stock Broker Salary | Source: U.S. Bureau of Labor Statistics
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How to Become a Stockbroker in North Carolina
(A) – Education
Quality education from an accredited college or university is highly recommended. Whether online or in person, pursuing degree programs like Finance or Business will help prepare you for a successful career as a stockbroker.
(B) – Licensing
In order to begin trading securities for clientele, you need a Series 7 License. This requires that you take the General Securities Representative Exam (or Series 7 Exam) along with a $305 fee (a brokerage firm must sponsor you for this exam).
Also required is the Series 63 or 66 Exam. The fees are $125 and $155 for each test respectively.
(C) – Registration
For stock brokers to carry out their business in North Carolina lawfully, they are required to be registered by the Securities Division. Simply complete Form U-4 and submit it via WebCRD along with a $125 filing fee.
If you satisfy their requirements, your records will be kept in FINRA’s Central Registration Depository (CRD).
Average Salary for Similar Careers in North Carolina
- Real Estate Sales Agent – $45,550
- Sales Representative – $50,930
- Brokerage Clerks – $44,690
- Financial Managers – $118,410
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