How Much Do Stockbrokers Make in Washington

How Much Do Stockbrokers Make in Washington? Stockbrokers typically earn a base salary, commissions through trades and incentive bonuses.




How much do stockbrokers make in Washington?

Data from the Bureau of Labor Statistics found that broker/dealer agents (aka: stockbrokers) earned a median hourly rate of $25.46 in 2014.

While those in the 75th percentile earned $47.74 and 90th percentile sales persons received over $90.00 an hour.

Find out what the average stock broker salary in Washington (annual) is and which areas pay the most below.

So, how much do stockbrokers make in Washington?

The Average Stock Broker Salary in Washington is $52,970

 

average stock broker salary in washington

The Top 3 highest medians in Washington (Yearly salaries)

  •  Southwestern Washington BOS – $77,660
  • Seattle-Bellevue-Everett, WA Metropolitan Division – $63,200
  • Kennewick-Pasco-Richland, WA MSA – $61,520

The Top 3 lowest area medians

  • Yakima, WA MSA – $27,490
  • Bellingham, WA MSA – $31,840
  • Northwestern Washington BOS – $35,120

How Much Do Stockbrokers Make in Washington (Employment Data & Annual Wages)

Stock brokers here can do quite well for themselves if they build and maintain a sufficient client base.

Seeking high net worth clients like those in the Clyde Hill neighborhood in Washington (average household income is $132,468 a year) would be a good start.

With such high net worth communities, this state could be a great place for an independent broker, or stock broker, to set up shop.

How Much Do Stockbrokers Make in Washington:


Stock Broker Salary | Source: U.S. Bureau of Labor Statistics

How to Become a Stockbroker in Washington

[1] – Education

When becoming a stock broker (securities salesperson, registered representative) it’s important to obtain education from a college or university.

A degree will allow you to have a competitive edge when looking for work at a brokerage firm. Many firms require a bachelor’s degree before being hired. Anything related to Finance, Accounting, Business or Economics should suffice.

[2] – Licensing

Once you have a degree, you’ll have a better chance at being hired. The firm will then sponsor you to take the Series 7 Exam which is required for stock brokers to trade securities on their client’s behalf. You’ll also need to take the Series 63 or 66 exam.

[3] – Registration

Additionally, you must be registered by the Washington State Department of Financial Institutions before servicing clients. You should complete Form U-4 and submit it via WebCRD (Central Registration Depository) along with a $40 fee.

Average Salary for Similar Occupations

View the salaries of similar profession in finance below and see how they compare to registered representatives.

  • Tax Preparers – $30,640
  • Personal Financial Advisors – $93,930
  • Accountants – $66,380
  • Budget Analyst – $72,590
  • Financial Manager – $102,890

Available Career Opportunities in Washington:

average salary for a stock broker How Much Do Stockbrokers Make in Washington Washington Washington State Department of Financial Institutions
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