Stockbrokers earn a lot on the job. The salary range is around $20,000 to $100,000 per year. Aside from the generous financial rewards, one of the most exciting things about becoming a stockbroker is that it is not the same in every place. Stockbrokers have more in common with freelancers than with office employees, as they say.
If you are a stockbroker, you are only limited by the state where you are licensed to practice. All other things like your schedule and how you get clients would ultimately be up to you. Not all people succeed in the field, though, so if you are an aspiring stockbroker in Wyoming, you better make sure you are prepared to undergo the following steps:
Take Qualifying Examinations
There are examinations you have to take to get licensed as a stockbroker, but keep in mind that you need a brokerage firm to “sponsor” you to take the Series 7 examination. This exam is required for ALL aspiring stockbrokers. It is also your sponsor firm that would dictate whether you need either the Series 63 or the Series 66 exam to be qualified for a position in the mentioned firm.
Ultimately, you have to get licensed by the FINRA. And as mentioned above, you have to take and pass the Series 7 exams together with either the Series 63 or Series 66 exams. Once you have passed these, you would be licensed as a stockbroker in the state of Wyoming only.
A college degree is not required per se, but it would definitely set you apart from every other stockbroker from Wyoming. Note that there are schools in your area that specializes in courses that are related to the practice of stock brokerage. You have to focus on these universities. Here are our top recommendations:
Recommended Colleges in Wyoming
- University of Phoenix – The University of Phoenix in Wyoming is located in Cheyenne. They offer an Associate Degree, a Bachelor’s Degree, a Doctoral Degree, a Master’s Degree, a MACC Degree and an MBA Degree. They offer courses that are related to the stockbroker industry that will definitely help in your career, like Accounting, Administration, Entrepreneurship, Hospitality Management, Human Resources Management, IT Management, Marketing and Music/Entertainment/Sports Management.
- University of Wyoming – The University of Wyoming can be found at the Laramie area of Wyoming. They offer the following levels of educational attainment to aspiring students who want to enrol in their school: a bachelor’s degree, a doctoral degree, a master’s degree, a MACC degree and an MBA degree. The university also offers an extensive curriculum that concerns the following courses: accounting, administration, agribusiness, entrepreneurship, IT management, international business and marketing.
Again, you have to (1.) Get a firm to sponsor you, (2.) Pass the required examinations and (3.) Finish a related course in order to become a successful stockbroker in the state of Wyoming.