Securities Brokerage in Michigan
Revenue benchmarks for securities brokerage businesses operating in Michigan.
#32 of 50 states-60.6% vs national avg
Average Revenue
$12.5M
per year
Businesses
229
in Michigan
Revenue / Employee
$738K
per year
Labor Cost
30.0%
of revenue
Profit Margin
15.0%
industry average
Market Saturation
2.3
firms per 100K in MI
Total Revenue
$2.9B
all firms in MI
Total Employees
3,890
in MI
How Michigan Compares
National Average$31.8M
Michigan$12.5M
Difference$19.3M (-60.6%)