How Much Do Stockbrokers Make in Wisconsin

How Much Do Stockbrokers Make in Wisconsin? The average stock broker salary in Wisconsin ranks lowest among Midwestern states.

How much do stockbrokers make in Wisconsin?

For the year 2014, the median hourly wage for registered representatives was $23.83.

Higher income level categories are 75th percentile with $46.46 and 90th percentile at $89.39 per hour.

Below is information from governmental data on how much a stock broker can expect to earn in the state.

So, how much do stockbrokers make in Wisconsin?

The Average Stock Broker Salary in Wisconsin is $49,560

Average Stock Broker Salary in Wisconsin

The Top 3 highest medians (Yearly salaries)

  • Lake County-Kenosha County, IL-WI Metropolitan Division – $82,290
  • Minneapolis-St. Paul-Bloomington, MN-WI MSA – $80,240
  • South Central Wisconsin BOS – $55,530

The 3 Lowest medians

  • Northern Wisconsin BOS – $36,240
  • Eau Claire, WI MSA – $37,690
  • Janesville, WI MSA – $38,020

How Much Do Stockbrokers Make in Wisconsin (2011-2014)

Stock brokers, or broker-dealer agents, in Wisconsin are tasked with buying and selling stocks, bonds and call and put options on behalf of their clients.

They earn a base salary, in addition to commissions for every trade conducted.

They may also earn bonuses for either attracting high net worth clients, increasing revenue for their firm or selling proprietary financial products like mutual funds, annuities or ETFs.

How much do stockbrokers make in Wisconsin:

Stock Broker Salary | Source: U.S. Bureau of Labor Statistics
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How to Become a Stockbroker in Wisconsin

[1] – Education

In order to become a stock broker in the state of Wisconsin, a bachelor’s degree, although not mandated, will give you preference over other candidates when job searching. Generally, these are the type of degree programs you should pursue:

  • Business/Commerce
  • Business Administration
  • Economics
  • Finance

Once you have a degree, you’ll be able to land a job as a junior stock broker where you’ll learn the trade with a veteran in the field.

[2] – Licensing

Additionally, licensing is required in order to trade securities on clients behalf. You’ll need to be sponsored by either a FINRA member firm, a self-regulatory organization or an exchange in order to take the Series 7 Exam ($305 fee). Also, the Series 63 ($125) or 66 ($155) is required.

[3] – Registration

Registration at the Wisconsin Department’s Division of Securities is required. You can do this by joining a FINRA member firm and they file Form U4 on your behalf. This form should be submitted to the Wisconsin Division of Securities through the Central Registration Depository (CRD).

If, however, you’re not apart of a FINRA member firm, then you must file a paper copy of Form U4 with an $80 registration fee. Fingerprint cards are not required by the state.

Average Salary for Similar Occupations

Different career paths within the finance industry with median salary can be found below:

  • Economist – $52,270
  • Brokerage Clerks – $41,280
  • Financial Manager – $98,290
  • Personal Finance Advisors – $54,340

Job Postings in Wisconsin:

Capital Gains Tax Rates in Wisconsin how much do stockbrokers make in wisconsin stock brokers Wisconsin Department of Financial Institutions
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