How much do stockbrokers make in the District of Columbia?
Registered representatives (i.e. stockbrokers) earn considerably more than the rest of the nation.
The median hourly rate for agents in D.C. (2014) was $45.13. The national median for this profession was $34.65.
Perhaps due to the close proximity of members of Congress – reps and senators who’ve made $174,000 since 2009 – prospective clientele are plentiful, so broker incomes are higher.
So, how much do stockbrokers make in the District of Columbia?
The Average Stock Broker Salary in D.C. is $93,870
Metropolitan Median (Yearly Salary)
- Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division – $72,440
How Much Do Stockbrokers Make in The District of Columbia
Viewing the figures below it’s apparent that career opportunities are increasing as the number of employed has risen; which, of course, is good news.
How much do stockbrokers make in D.C.
Stock Broker Salary | Source: U.S. Bureau of Labor Statistics
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How to Become a Stockbroker in The District of Columbia
(A) – Education
Pursuing a career as a registered representative requires education and training. Degree paths including Finance, Business Administration, Accounting or Economics are all viable options for this occupation.
(B) – Licensing
The only licensing exam required in D.C. is the Series 7 Exam. You must have a sponsor from a FINRA – member brokerage house, an exchange or self-regulatory organization (SRO) to take this exam. The Series 63 is not required in the District of Columbia.
(C) – Registration
Below are the requirements set by D.C.’s Department of Insurance, Securities and Banking:
 – Agents of FINRA – Member Firms:
To conduct trades lawfully in the District of Columbia, you must complete the Uniform Application for Securities Industry Registration or Transfer (i.e. Form U4). This should be submitted through Web CRD (Central Registration Depository) along with a $45 fee.
 – Agents of Non FINRA – Member Firms:
Complete Form U4 and send it to the DISB Securities Bureau’s Lockbox. There’s a $45 fee during submission and a $50 fee for fingerprint scanning.
Median Incomes for Similar Occupations in D.C.
- Insurance Sales Agents – $43,880
- Accountants and Auditors – $84,410
- Economists – $110,910
- Real Estate Sales Agents – $50,640
Find Employment Opportunities in D.C.