How Much Do Stockbrokers Make in Oklahoma?
The median hourly rate for stockbrokers in Oklahoma in 2014 was $27.26.
The values for higher earning brokers in the state include 75th percentile at $47.98 and 90th percentile at $75.30 per hour.
The data below comes from the Bureau of Labor Statistics and is current as of 2014.
So how much do stockbrokers make in Oklahoma?
The Average Stock Broker Salary in Oklahoma is $56,690
The highest medians (Yearly salaries)
- Fort Smith, AR-OK MSA – $85,470
- Tulsa, OK MSA – $72,560
- Southeastern Oklahoma BOS – $68,870
- Northwestern Oklahoma BOS – $68,570
The Lowest medians
- Northeastern Oklahoma BOS – $27,930
- Oklahoma City, OK MSA – $49,010
How Much Do Stockbrokers Make in Oklahoma (2011 – 2014)
A stockbroker’s goal is to facilitate trades for clients in an effort to build wealth exponentially overtime.
A full-service stock broker in Oklahoma can earn more by also providing financial advice on matters like estate planning, college funding and retirement planning.
They earn fees for their services in addition to commissions garnered through trading securities.
How Much Do Stockbrokers Make in Oklahoma:
Stock Broker Salary | Source: U.S. Bureau of Labor Statistics
How to Become a Stockbroker in Oklahoma
(A) – Education
A college degree in either Finance, Accounting, Business or Economics is the first step to pursuing a stockbroker career as employment is competitive in this field. During college, joining finance groups, attending seminars, conferences and interning would all be beneficial as well.
(B) – Licensing
To operate as a stock broker in the state of Oklahoma, a broker-dealer firm that’s a member of the Financial Industry Regulatory Authority (FINRA) must sponsor you. The Series 7 Exam which comes with a $305 fee cannot be taken without a sponsor (FINRA member firm, self-regulatory organization or an exchange).
The Series 63 or 66 is also necessary in this state but can be taken without a sponsorship. The fees are $125 and $155 respectively.
(C) – Registration
Further, it is also a requirement to register with the Oklahoma Securities Department. Complete Form U-4 and submit through WebCRD (Central Registration Depository) and a $50 fee will be deducted from a Flex Funding Account.
If not apart of a FINRA – member firm, you should file directly with the Department and make a $50 fee payable to the “Oklahoma Securities Department“. Once registered, you’ll be able to solicit for clients and sell securities.
Average Salary for Other Finance Careers in Oklahoma
- Budget Analysts – $61,560
- Personal Financial Advisor – $57,580
- Financial Analysts – $59,970
- Credit Analysts – $52,890
Employment Opportunities in Oklahoma: