Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
Registered representative salary
Average registered representative salary
$54,074
Understanding the Registered Representative Salary
The average salary for a Registered Representative stands at $54,074 per year. This figure can vary significantly based on factors such as geographic location, years of experience, and specific job responsibilities. For example, states like New York and California often offer higher salaries due to the cost of living and demand for financial services.
Additionally, those with more years of experience typically earn higher wages. Entry-level positions may start around $40,000, while seasoned professionals can command salaries exceeding $70,000. This role not only offers competitive pay but also the chance to build a rewarding career in finance.
Career Opportunities
Registered Representatives can find roles in various sectors, including banks, investment firms, and insurance companies. The growing emphasis on financial literacy means that the demand for skilled representatives is likely to continue rising. By leveraging opportunities for continued education and certifications, professionals in this field can enhance their earning potential and career growth.
Let Zippia find your next registered representative job
Let Zippia find your next registered representative job
Where can a Registered Representative earn more?
Registered representative salary estimates from across the web
Average registered representative salary by state
The highest-paying states for registered representatives are New York, Kansas, and Connecticut. The lowest average registered representative salary states are Hawaii, Louisiana, and South Carolina.
- State view
- County view
Highest paying states for registered representatives
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Kansas | $73,245 | $35.21 |
| 2 | Connecticut | $69,718 | $33.52 |
| 3 | Missouri | $62,650 | $30.12 |
| 4 | Rhode Island | $67,254 | $32.33 |
| 5 | New York | $102,507 | $49.28 |
| 6 | Minnesota | $58,656 | $28.20 |
| 7 | Pennsylvania | $62,513 | $30.05 |
| 8 | North Carolina | $59,427 | $28.57 |
| 9 | New Jersey | $62,106 | $29.86 |
| 10 | Wyoming | $52,548 | $25.26 |
| 11 | Virginia | $58,785 | $28.26 |
| 12 | Maryland | $58,489 | $28.12 |
| 13 | New Hampshire | $62,281 | $29.94 |
| 14 | Wisconsin | $52,942 | $25.45 |
| 15 | West Virginia | $60,153 | $28.92 |
| 16 | Arkansas | $48,309 | $23.23 |
| 17 | Massachusetts | $60,270 | $28.98 |
| 18 | Illinois | $56,421 | $27.13 |
| 19 | Delaware | $55,550 | $26.71 |
| 20 | Michigan | $49,866 | $23.97 |
| 21 | Indiana | $57,209 | $27.50 |
| 22 | North Dakota | $47,947 | $23.05 |
| 23 | Texas | $51,533 | $24.78 |
| 24 | Ohio | $54,951 | $26.42 |
| 25 | Kentucky | $55,829 | $26.84 |
| 26 | Vermont | $50,476 | $24.27 |
| 27 | District of Columbia | $58,606 | $28.18 |
| 28 | Florida | $48,034 | $23.09 |
| 29 | Washington | $55,395 | $26.63 |
| 30 | Maine | $49,451 | $23.77 |
| 31 | Alaska | $47,620 | $22.89 |
| 32 | South Dakota | $43,874 | $21.09 |
| 33 | California | $50,414 | $24.24 |
| 34 | Nebraska | $46,381 | $22.30 |
| 35 | Alabama | $42,128 | $20.25 |
| 36 | Colorado | $42,875 | $20.61 |
| 37 | Utah | $39,914 | $19.19 |
| 38 | Arizona | $40,771 | $19.60 |
| 39 | Mississippi | $41,809 | $20.10 |
| 40 | Tennessee | $45,604 | $21.93 |
| 41 | Hawaii | $39,569 | $19.02 |
| 42 | Iowa | $42,991 | $20.67 |
| 43 | Montana | $44,178 | $21.24 |
| 44 | Oregon | $47,086 | $22.64 |
| 45 | Oklahoma | $33,394 | $16.05 |
| 46 | Nevada | $40,997 | $19.71 |
| 47 | New Mexico | $41,692 | $20.04 |
| 48 | Louisiana | $38,487 | $18.50 |
| 49 | South Carolina | $38,141 | $18.34 |
| 50 | Georgia | $36,154 | $17.38 |
| 51 | Idaho | $35,430 | $17.03 |
Highest paying cities for registered representatives
The highest-paying cities for registered representatives are New York, NY, Hartford, CT, and Columbia, MO.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York, NY | $103,587 | $49.80 |
| 2 | Hartford, CT | $68,740 | $33.05 |
| 3 | Columbia, MO | $63,255 | $30.41 |
| 4 | Philadelphia, PA | $63,143 | $30.36 |
| 5 | Edison, NJ | $62,170 | $29.89 |
| 6 | Durham, NC | $61,232 | $29.44 |
| 7 | Concord, NH | $61,181 | $29.41 |
| 8 | Boston, MA | $60,113 | $28.90 |
| 9 | Baltimore, MD | $58,715 | $28.23 |
| 10 | Fort Wayne, IN | $58,706 | $28.22 |
| 11 | Edina, MN | $58,558 | $28.15 |
| 12 | Richmond, VA | $58,535 | $28.14 |
| 13 | Chicago, IL | $56,743 | $27.28 |
| 14 | Akron, OH | $56,020 | $26.93 |
| 15 | Houston, TX | $52,220 | $25.11 |
| 16 | Portland, ME | $50,459 | $24.26 |
| 17 | Detroit, MI | $50,088 | $24.08 |
| 18 | Miami, FL | $48,596 | $23.36 |
| 19 | Portland, OR | $46,985 | $22.59 |
| 20 | Denver, CO | $42,863 | $20.61 |
Registered representative salary details
A registered representative's salary ranges from $33,000 a year at the 10th percentile to $88,000 at the 90th percentile.
What is a registered representative's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $88,000 | $7,333 | $42 |
| 75th Percentile | $69,000 | $5,750 | $33 |
| Average | $54,074 | $4,506 | $26 |
| 25th Percentile | $41,000 | $3,417 | $20 |
| 10th Percentile | $33,000 | $2,750 | $16 |
Highest paying registered representative jobs
The highest paying types of registered representatives are investment consultant, sales trader, and market maker.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Finance Advisor | $64,993 | $5,416 | $31.25 | 106,311 |
| Sales Trader | $108,427 | $9,036 | $52.13 | 19,736 |
| Finance Advising Internship | $58,376 | $4,865 | $28.07 | 117,509 |
| Sales Agent | $45,217 | $3,768 | $21.74 | 391,987 |
| Investment Advisor | $105,377 | $8,781 | $50.66 | 63,438 |
| Inside Sales Agent | $53,956 | $4,496 | $25.94 | 307,634 |
How would you rate the starting salaries for registered representatives, as well as the prospects for salary advancement?
Price Fishback Ph.D.
APS Professor of Economics at the University of Arizona, The University of Arizona
Top companies hiring registered representatives now:
Which companies pay registered representatives the most?
Registered representative salaries at New York Life Insurance and Champion Mortgage Holdings Corp. are the highest-paying according to our most recent salary estimates. In addition, the average registered representative salary at companies like Methodist Health System and Global Arena Holding, Inc are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | New York Life Insurance | $62,832 | $30.21 |
| 2 | Champion Mortgage Holdings Corp. | $60,101 | $28.89 |
| 3 | Methodist Health System | $60,005 | $28.85 |
| 4 | Global Arena Holding, Inc | $55,459 | $26.66 |
| 5 | Cleveland Clinic | $54,787 | $26.34 |
| 6 | Brattleboro Memorial Hospital | $52,506 | $25.24 |
| 7 | Accounting Principals | $46,154 | $22.19 |
| 8 | Lincoln Financial Group | $41,536 | $19.97 |
Wage gap by gender, race and education
Registered representative salary trends
The average registered representative salary has fallen by $-6,086 over the last ten years. In 2014, the average registered representative earned $60,160 annually, but today, they earn $54,074 a year. That works out to a -4% change in pay for registered representatives over the last decade.
Compare registered representative salaries for cities or states with the national average over time.
Average registered representative salary over time
Compare registered representative salaries for individual cities or states with the national average.
Registered representative salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $54,100 | $26.00 | +3.9% |
| 2024 | $52,000 | $24.99 | -3.0% |
| 2023 | $53,500 | $25.74 | +0.5% |
| 2022 | $53,200 | $25.60 | -5.5% |
| 2021 | $56,200 | $27.02 | -6.3% |
Recently added registered representative salaries
| Company | Job | Location | Date added | Salary |
|---|---|---|---|---|
| Horace Mann | Registered Representative Licensed Producer-Hillsborough County | Tampa, FL | 06/29/2025 | $48,000 |
| Osaic | Registered Representative | Sun City Center, FL | 06/27/2025 | $80,000 |
| Sutter Bay Hospitals | Representative-Admitting/Registr | Berkeley, CA | 06/26/2025 | $65,949 |
| New York Life Insurance Company | Registered Representative | Downers Grove, IL | 03/27/2025 | $115,917 |
| Ulster Savings | Registered Representative Financial Services | Kingston, NY | 02/24/2025 | $31,200 |
| State Farm Mutual Automobile Insurance Company | Registered Representative-State Farm Agent Team Member | Noma, FL | 02/19/2025 | $35,000 |
| Lopezoffice | Registered Representative-State Farm Agent Team Member | Winter Park, FL | 02/19/2025 | $35,479 |
| State Farm | Registered Representative-State Farm Agent Team Member | Kane, IL | 02/18/2025 | $31,305 |
| Sfcarrollton | Registered Representative-State Farm Agent Team Member | Nome, TX | 02/18/2025 | $30,000 |
| Insurance Agent Jared Dean Jared Dean Ins Agcy Inc. | Registered Representative-State Farm Agent Team Member | Ione, OR | 02/17/2025 | $72,500 |
Registered representative salary FAQs
Search for registered representative jobs