Series 9/10 Salary

Written by: Mary Gerardine

Last updated:

The Series 9/10 license exams, also known as the General Securities Sales Supervisor Qualification Exams, make a great pathway to career advancement and increased earning potential.

While salaries may vary, the value of this combined credential is evident in the opportunities and financial rewards it can provide. But, how does this translate into potential income? 

In this article, we explore the factors influencing the Series 9/10 salary, salary ranges, and potential career paths.

Series 9/10 Salary Overview

The Series 9/10 combined license, regulated by the Financial Industry Regulatory Authority (FINRA), is a qualification that enables individuals to take on general securities sales supervisor roles within the financial sector. 

The license signifies your proficiency in regulatory guidelines and management responsibilities. For those just starting in a supervisory role with the Series 9/10 license, salaries might begin in the range of $30,000 to $50,000 per year. 

Those with several years of experience and a Series 9/10 license might earn salaries ranging from $50,000 to $80,000 or more annually. Experience, additional qualifications, and a proven track record of success can contribute to higher earnings. 

These figures can vary widely based on several factors from experience and location, to skills and additional qualifications.

Note: Obtaining the Series 9/10 license through FINRA is often viewed as a strategic move for finance professionals, potentially leading to higher-paying positions and a broader array of career opportunities within the rapidly changing financial sector.

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For a more in-depth overview of the Series 9/10 license, we recommend having a look at our Series 9/10 article.

Factors Influencing Salary

Certain factors can affect the salary of Series 9/10 license holders. Below are some of the factors to consider when looking at your income potential:

  • Experience: As with many professions, experience plays a significant role in determining salary. Those new to supervisory roles may start at a lower salary range, while seasoned professionals with years of experience can earn much higher salaries
  • Location: Geographical location can have a substantial impact. Living in financial hubs or areas with a higher cost of living may result in higher salaries compared to smaller cities or regions
  • Role and responsibilities: The specific managerial role and the level of responsibility associated with the position will influence salary. More significant responsibilities usually align with higher compensation
  • Economic factors: Current industry demands, economic conditions, and market trends can influence salaries. In times of economic prosperity, salaries might be higher, while economic downturns may exert downward pressure on compensation

Understanding these factors can help you better navigate potential career paths and negotiate compensation aligned with your qualifications, responsibilities, and the market trends in your specific location.

Series 9/10 Jobs

The Series 9/10 license equips individuals with the necessary knowledge to ensure regulatory compliance and oversee sales activities within brokerage firms.

Depending on company policy and procedures, the common roles that typically require or benefit from the Series 9/10 license include, but are not limited to:

  • Branch Manager: Responsible for overseeing all operations within a specific branch or office of a financial institution, including management of sales teams, general trading activities, and more
  • Compliance Manager: This role focuses on ensuring that all activities within the firm adhere to financial laws and regulations, including managing audits and working closely with regulatory bodies
  • Regional Director: Often responsible for multiple branches or offices within a specific geographic area, they focus on aligning business strategies, ensuring compliance, and managing performance across a wider scope

These roles emphasize the diverse career paths available to Series 9/10 license holders and the value that this certification adds to a professional’s credentials within the financial industry.

How to Get Your Series 9/10 License

Before registering for the Series 9 and 10 exams, you need to fulfill the following prerequisites:

  • You’re associated with — and sponsored by — a FINRA member firm or another applicable self-regulatory organization (SRO)
  • You’ve passed the Securities Industry Essentials (SIE) exam
  • You’ve passed the Series 7 exam (General Securities Representative exam)
  • You have an approved accommodation for online applications

The Series 9/10 license opens doors to supervisory roles, which in turn, can improve your chances of getting higher earnings. Investing time and effort into preparation is essential to succeed in the exams.

For a detailed understanding of each individual exam, you can explore our guides for both the Series 9 Exam and the Series 10 Exam.

Exam Preparation and Procedure

Preparing for the Series 9/10 exams (General Securities Sales Supervisor Qualification exams), requires diligent study and thoughtful planning.

The exams assess whether you have the necessary knowledge to carry out the vital roles of a general securities sales supervisor. This includes approval of customer accounts, reviewing client complaints, training sales/supervisory staff, and maintaining proper records.

Here are some strategies to help you succeed:

  • Understand the exam content: Familiarize yourself with the specific topics covered by both exams. The two-part exams cover the major job functions of each Series type. Series 9 focuses on options regulations and consists of 55 questions, while Series 10 emphasizes general securities regulations and includes 145 questions
  • Get study materials: Take advantage of study guides, textbooks, and other resources specifically tailored to the Series 9/10 exams. Many educational providers offer specialized preparation courses and materials
  • Create a study schedule: Outline a realistic and structured study plan. Break down the material into manageable sections, and allocate sufficient time to understand each part thoroughly
  • Take practice exams: Practice exams can help identify your strengths and weaknesses while simulating the actual testing ability. Many exam prep courses include practice exams with explanations for correct and incorrect answers

We recommend taking an online class for the Series 9/10 exam. These classes can give you special help and study materials, such as practice quizzes, mock exams, video lectures, performance tracking, and more so you will be well-positioned to pass the exams and take the next step in your financial career.

Note: You can take the Series 9 and Series 10 exams in any order you like. You have to do it within 120 days from when you sign up.

Recommended: Interested in getting started? We recommend using Kaplan’s online study packages, which come with a 93% pass rate.

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Series 9/10 Salary FAQ

What is the average salary for a Series 9/10 license holder?

The average salary for a Series 9/10 license holder typically ranges between $30,000 and $80,000 annually. The salary depends on multiple factors such as experience, location, and the specific role within the financial industry. Holding this license often leads to supervisory positions, which demand higher salaries.

What is the Series 9/10?

Administered by FINRA, the Series 9/10 exam consists of two parts that include the eight major job functions of a general securities sales supervisor. The Series 9 exam covers options supervision, while the Series 10 exam focuses on general securities regulations. Passing both exams demonstrates proficiency in managing sales activities and ensures compliance with regulations.

Why get a Series 9 and 10?

Getting a Series 9/10 license allows you to pursue supervisory roles within financial firms. If your work activities include the sale of corporate securities, money market funds, REITs, asset-backed and mortgage-backed securities, mutual funds, variable annuities, variable life insurance, municipal securities, and fidelity investments, you will need this license.

How difficult is the Series 9/10?

The Series 9/10 exams are considered challenging, requiring an understanding of specific securities regulations and options supervision. Preparation includes thorough study and practice with specialized materials. For more information on each Series license type and how to pass the exams, check out our Securities Licensing page.

What is the difference between Series 9/10 and Series 24?

The Series 9/10 exams qualify individuals to support sales activities in options and general securities. The Series 24, or General Securities Principal Exam, covers a broader range of supervisory responsibilities, including overseeing investment banking and securities business. While both relate to supervisory roles, it’s important to account for the wider scope of the Series 24 exam — which is generally considered less specialized Series 9/10.

Are there specific job roles or titles associated with the Series 9/10 license that might impact salary?

Yes. The Series 9/10 jobs are supervisory roles that often lead to higher salaries due to increased responsibilities. In order to work at prestigious firms like JPMorgan Chase, candidates will require the training and knowledge associated with this license in order to provide exceptional service to clients.

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