Stockbroker Historical Income Data, Professional & Educational Comparisons
As stock market volume has risen, so has the income of the average stockbroker. In 1982, the average income was roughly $33,000. According to the Wall Street Journal, in 1992 the average had climbed to over $116,000. It has risen every year since, with last year coming in at around $175,000. That's the national average at all firms in all 50 states!
Other professions where that kind of income is typically found are the legal and medical professions. Let's compare the requirements:
Lawyer: Requires 4 years of college, 3 years of law school and passing the bar examination.
Physician: Requires 4 years of college, 4 years of medical school and 2 years of residency.
Stockbroker: Requires passing the series 7 examination, a 250 question multiple choice exam. There is no specific educational requirement!
In addition, following their schooling, many doctors and lawyers spend 5, 10 or 15 years "paying their dues" before achieving a six-figure income.
Many stockbrokers study for, take and pass their required exam inside of one month and get to a six-figure income level in their first year. Of course, while according to Barron's the national income average for stockbrokers throughout the United States is 'north of $175,000", the FACT is that there are many stockbrokers making annual incomes in the MILLIONS of dollars.
Would you like the opportunity to make that kind of money? If you answered "YES", click NEXT!