How much do stockbrokers make in Ohio?
The median hourly wage for stockbrokers in Ohio was $28.70 in 2014.
Those in the 75th percentile earned $55.44 an hour and 90th percentile brokers received over $90.00.
Securities sales agents who continually build clientele can increase their revenue exponentially.
It depends on how well they take care of their clients which encourages referrals.
So how much do stockbrokers make in Ohio?
The Average Stock Broker Salary in Ohio is $59,700
The Top 3 highest medians (Yearly salaries)
- Parkersburg-Marietta-Vienna, WV-OH MSA – $89,990
- Cleveland-Elyria-Mentor, OH MSA – $76,250
- Toledo, OH MSA – $70,020
The 3 Lowest medians
- West Northwestern Ohio BOS – $31,680
- Southern Ohio BOS – $33,470
- Other Ohio BOS – $35,290
How Much Do Stockbrokers Make in Ohio (Yearly Wages & Employment Data)
Yearly wages have increased throughout the selected years among all income categories.
Ohio has a strong financial industry when you factor in the amount of broker-dealer agents employed there. However, this can mean that it’s quite competitive as well.
How much do stockbrokers make in Ohio:
Stock Broker Salary | Source: U.S. Bureau of Labor Statistics
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How to Become a Stockbroker in Ohio
(A) – Education
Before seeking licensing or registering with the state, a degree from a university either in Business, Accounting, Finance or Economics is recommended. Becoming a stockbroker requires also hours of training which you’ll receive on the job as a stockbroker trainee or junior stockbroker.
(B) – Licensing
Next, you’ll require sponsorship from a registered firm which will guide you through the registration process by FINRA’s Central Registration Depository (CRD). The Series 7 Exam must be passed and a fee of $305 in a Flex Funding Account will be withdrawn. The Series 63 Exam is not required in Ohio.
(C) – Registration
The Ohio Division of Securities is tasked with licensing and giving stock brokers the go-ahead to trade in securities. Form U-4 should be submitted via WebCRD.
Average Salary for Other Finance Occupations in Ohio
- Credit Analysts – $61,050
- Accountants and Auditors – $61,740
- Personal Financial Advisors – $66,530
- Economists – $91,410
Career Opportunities in Ohio: