How much do stockbrokers make in North Dakota?
The median hourly rate for securities sales persons was $27.19 in 2014.
Higher earners in the 75th percentile received $48.97 an hour while 90th percentile brokers earned over $90.00.
Registered representatives in this state have been in the midst of a thriving economy.
This strong economic growth is mainly due to hydraulic fracturing (or fracking) in the Bakken shale formation.
how much do stockbrokers make in North Dakota?
The Average Stock Broker Salary in North Dakota is $56,560
The Top 3 highest median (Yearly salaries)
- Bismarck, ND MSA – $59,400
- Fargo, ND-MN MSA – $51,840
- Grand Forks, ND-MN MSA – $37,150
How Much Do Stockbrokers Make in North Dakota
From the table, you’ll notice that salaries across the board took a hit for broker-dealer agents in 2012. However, it had begun gaining ground at a modest pace each following year minus those in the 75th percentile.
Regarding the increase of employment from 2011 to 2012, because of the booming economy, the population also increased dramatically. With a low unemployment rate (It hadn’t hit 5% since 1987) workers from various industries flocked to the state thanks to the oil boom.
How much do stockbrokers make in North Dakota:
Stock Broker Salary | Source: U.S. Bureau of Labor Statistics
How to Become a Stockbroker in North Dakota
 – Education
Becoming a stockbroker in the state of North Dakota first requires an education from an accredited post-secondary institution. Either online through distance learning or in a class room will suffice. You’ll want to take a degree path towards Economics, Finance, Accounting or Business and develop these skills:
- Analytical Skills
- Stock Market Research
- Communication Skills
- Mathematical Aptitude
 – Licensing
After graduating and obtaining your degree, you can begin pursuing work as a broker at a firm. Whether you join a FINRA member brokerage firm, a self-regulatory organization (SRO) or an exchange, they must sponsor you to take the Series 7 Exam. A fee of $305 will be required. The Series 63 ($125) or 66 Exams ($155) are necessary in this state as well.
 – Registration
Finally, after passage of those exams, you can register at the North Dakota Securities Department. The fee for registration is $60 and requires Form U4 to be submitted through the WebCRD (Central Registration Depository). The renewal fee of $60 will be deducted from a Flex Funding Account every year on December 31.
Average Salary for Other Finance Careers in North Dakota
- Tax Examiners – $65,030
- Accountants and Auditors – $51,860
- Financial Analysts – $66,410
- Financial Specialists – $54,520
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