For Stock Brokers, annual average wages total $51K per year. In the world of Stock Brokers, overall cash earnings stretch from $38K near the bottom to $195K near the top; these packages encompass bonuses that run close to $48K and profit sharing that can (albeit rarely) exceed $68K, along with commissions approaching $515K. Earnings for this group are mostly affected by location, followed by career duration and the specific company. Most Stock Brokers like their work and job satisfaction is high. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Most Stock Brokers survey respondents are men (79 percent). This report is based on responses to the PayScale salary survey.

$35,421 - $151,640
(Median)
$35K
$51K
$150K
MEDIAN: $51,492
10%
50%
90%

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$12.37 - $46.06
(Median)
$12
$20
$46
MEDIAN: $19.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$180K$360K$540K
Salary
$35,421 - $151,640  
   
Bonus
$927 - $48,177  
Profit Sharing
$700 - $68,414  
Commission
$970 - $515,210  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$38,343 - $194,504  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 195
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$90$180$270
Hourly Rate
$12.37 - $46.06  
   
Overtime
$27.57 - $44.04  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$180K$360K$540K
Bonus
$927 - $48,177  
   
Commission
$970 - $515,210  
Profit Sharing
$700 - $68,414  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$38,343 - $194,504  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 23
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Job Description for Stock Broker

Stock brokers perform financial services for their organization's clients related to stocks and other securities. They advise their clients on current and prospective investments, help manage their portfolios and provide advice on which investments might have the best returns, as well as process transactions on their clients' behalf. Stock brokers' clients may be individual investors and/or companies, and excellent communication and interpersonal skills are required to communicate effectively with these clients. Stock brokers must be able to make decisions in a fast-paced environment, perform effective financial analysis, manage multiple client portfolios effectively, and work to maintain good relationships with clients. They need to maintain an up-to-date understanding of the stock market and monitor changes in the market throughout their workday.

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Stock Broker Tasks

  • Maintain knowledge of all financial services the company offers and promote these services to the client.
  • Manage client portfolio with care and integrity, ensuring that their financial well-being is protected.
  • Analyze and interpret portfolios and assist in creation of strategies to meet financial goals of the client.

Stock Broker Job Listings

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Popular Employer Salaries for Stock Broker


Charles Schwab & Co., Inc. seems to offer the smallest paychecks with a median salary of only $46K. The pay range is quite narrow, too; compensation generally sits between $41K and $111K.

Pay by Experience Level for Stock Broker

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Workers in their first five years can expect to earn $51K, but people who have been around for five to 10 years earn a noticeably bigger sum of $71K. The average pay reported by folks with 10 to 20 years of experience is around $95K. People who have worked for 20 years or more actually report earning less than people who are in the middle of their careers; the veterans take home a mere $88K by contrast.

Pay Difference by Location

National Average: $57,302

Larger city markers indicate a job is popular in that location.

With a pay rate for Stock Brokers that is 78 percent greater than the national average, New York offers a comfortable salary for those in this profession. Stock Brokers will also find cushy salaries in Fort Worth (+7 percent). Location significantly influences compensation, with Austin Stock Brokers earning much less — 24 percent less — than the national average. Not at the bottom but still paying below the median are employers in Denver and Indianapolis (23 percent lower and 13 percent lower, respectively).

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Experience Affects Stock Broker Salaries

Experienced
up arrow 67%

Late-Career
up arrow 53%

Mid-Career
up arrow 24%

National Average
$57,000


Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 18 votes.

Gender

Female
21 %
Male
79 %

Years of Experience

Less than 1 year
9%
1-4 years
44%
5-9 years
24%
10-19 years
14%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 71%
medical benefits
Vision: 55%
dental benefits
None: 16%
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