How much do stockbrokers make in Virginia?
The median hourly wage for securities sales persons (a.k.a. stockbrokers) was $31.56 in 2014.
Those in higher income brackets include 75th percentile earners at $54.61 and 90th percentile earners receiving $87.00 an hour.
Unfortunately, sales representatives earnings in Virginia were below the national average in 2014.
So, how much do stockbrokers make in Virginia?
The Average Stock Broker Salary in Virginia is $65,650
- Roanoke, VA MSA – $93,060
- Blacksburg-Christiansburg-Radford, VA MSA – $86,630
- Washington-Arlington-Alexandria, DC-VA-MD-WV Metropolitan Division – $72,440
The 3 lowest medians
- Southwestern Virginia BOS – $38,760
- Winchester, VA-WV MSA – $47,000
- Kingsport-Bristol-Bristol, TN-VA MSA – $51,930
How Much Do Stockbrokers Make in Virginia
More experienced stockbrokers with a larger amount of Assets Under Management (AUM) typically are in the 90th percentile while junior stockbrokers or stockbroker trainees are in the low-income categories.
How much do stockbrokers make in Virginia:
Stock Broker Salary | Source: U.S. Bureau of Labor Statistics
How to Become a Stockbroker in Virginia
[A] – Education
Pursuing Finance, Accounting, Business Administration, Entrepreneurship degrees at an accredited college or university is encouraged when becoming a broker.
You don’t necessarily need a degree to trade securities, but it’ll help you find employment as firms mostly only hire those who’ve obtained one.
[B] – Licensing
Once apart of a FINRA member firm, self-regulatory organization or exchange, they can sponsor you to take the Series 7 and Series 63 (or 66) exam.
[C] – Registration
You also must be registered with the Virginia State Corporation Commission in the Division of Securities and Retail Franchising. You do this by filing Form U4 and submitting it to the Division of Securities in Virginia through the Central Registration Depository (CRD) and pay the $30 fee.
Average Salary for Similar Occupations
- Accountants – $72,280
- Financial Analysts – $85,830
- Economists – $116,910
- Tax Examiners – $46,300
Current Employment Listings in Virginia: