Click to view larger version. And Pin it here: View our pages on Facebook and Twitter! Near major metropolitan areas, stockbrokers can earn a lot more compared to rural or smaller towns. These are the top five districts:. Boston, MA is where securities sales representatives earn the most.
As you can see, just after the Financial Crisis of , stock broker earnings dipped a little in However, investment activity increased in the years following In fact, the Dow Jones Industrial Average reached its highest level ever 18, It has since gone beyond that level. Higher investment activity leads to increased incomes for registered representatives. Hover over graph to see values. Just like any other industry, different brokerage firms can pay varying amounts to their associates.
Top brokerage firms like Merrill Lynch or Wells Fargo , may tweak their compensation plans for financial advisors i. Above and beyond an average stock broker salary, those in this field earn income in a few different ways. The accumulation can turn this career into a very lucrative profession for many. Generally, as a stock broker matures into the profession, the base salary paid by the firm will decrease.
The main bread and butter then are the commissions generated from trading securities on behalf of clients. In order to receive a commission from doing this one must obtain the Series 7 License. Incentive bonuses are what make careers in this field very profitable. Typically, the more revenue you bring into a firm, the higher your bonuses will be.
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