How to Become a Securities, Commodities, and Financial Services Sales Agents in Michigan
Securities, Commodities, and Financial Services Sales Agents in Michigan earn a median salary of $73,480/year, which is 7% below the national average. Michigan has a state income tax of ~4.3%. After taxes and rent, a securities, commodities, and financial services sales agents takes home approximately $3,358/month. Most positions require High school diploma or equivalent.
What a securities, commodities, and financial services sales agents can afford in Michigan
Becoming a securities, commodities, and financial services sales agents in Michigan
Meet education requirements
Securities, Commodities, and Financial Services Sales Agents positions in Michigan typically require High school diploma or equivalent. Programs are available at colleges and training institutions across Michigan. Research accredited programs in your area.
Gain required experience
Many securities, commodities, and financial services sales agents positions in Michigan require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain Michigan licensure or certification
Michigan may require specific licensing or professional certification for securities, commodities, and financial services sales agentss. Requirements vary by state, contact the Michigan Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in Michigan
Michigan employs 7,160 securities, commodities, and financial services sales agents. The highest concentrations are in Detroit-Warren-Dearborn and Ann Arbor.
Securities, Commodities, and Financial Services Sales Agents salary by metro area in Michigan
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Detroit-Warren-Dearborn | $78K | $37.28/hr | 3,770 |
| Ann Arbor | $70K | $33.68/hr | 220 |
| Niles | $68K | $32.89/hr | 100 |
| Flint | $68K | $32.89/hr | 180 |
| Saginaw | $63K | $30.14/hr | 80 |
| Grand Rapids-Wyoming-Kentwood | $62K | $29.85/hr | 650 |
| Kalamazoo-Portage | $62K | $29.66/hr | 170 |
| Lansing-East Lansing | $61K | $29.46/hr | 280 |
| Battle Creek | $61K | $29.41/hr | 50 |
| Traverse City | $61K | $29.21/hr | 80 |
| Muskegon-Norton Shores | $59K | $28.47/hr | 70 |
| Jackson | $58K | $27.69/hr | 110 |
| Bay City | $55K | $26.57/hr | 40 |
| Monroe | $54K | $26.04/hr | 50 |
Securities, Commodities, and Financial Services Sales Agents salary range in Michigan
Securities, Commodities, and Financial Services Sales Agents careers in other states
Frequently asked questions
How much does a securities, commodities, and financial services sales agents make in Michigan?▼
The median securities, commodities, and financial services sales agents salary in Michigan is $73,480 per year ($35.33/hr). This is 7% below the national median of $78,660. Salaries range from $46,640 to $172,680.
What are the requirements to become a securities, commodities, and financial services sales agents in Michigan?▼
Securities, Commodities, and Financial Services Sales Agents positions in Michigan typically require High school diploma or equivalent. Michigan may have specific licensing or certification requirements. Check with the Michigan licensing board or department of labor for current requirements.
Can a securities, commodities, and financial services sales agents afford to live in Michigan?▼
At the median salary of $73,480, a securities, commodities, and financial services sales agents in Michigan would take home approximately $4,746/month after taxes. With median 2-bedroom rent at $1,388/month, that's 29.2% of take-home pay going to housing. This is within the recommended 30% guideline.
What are the best cities for securities, commodities, and financial services sales agents in Michigan?▼
The highest paying metro areas for securities, commodities, and financial services sales agents in Michigan are Detroit-Warren-Dearborn ($77,540), Ann Arbor ($70,060), Niles ($68,420). However, cost of living varies significantly between metros, a higher salary may not mean more purchasing power.
Does Michigan have state income tax for securities, commodities, and financial services sales agents?▼
Yes, Michigan has a state income tax rate of approximately 4.3%. On a $73,480 salary, this means roughly $3,123/year in state income tax. Use our take-home pay calculator for a detailed breakdown.