Stock Broker Salary

A big portion of take-home pay for Stock Brokers — two-thirds, in fact — arrives through commissions. This profession's median overall income is approximately $52K. Total cash compensation to Stock Brokers approaches anywhere from $34K on the lower end to $153K on the higher end; in exceptional cases, this can include more than $34K from bonuses and upwards of $49K from profit sharing. Career duration is the main element affecting pay for this group — the particular city and the specific company are driving factors as well. The majority of workers are highly satisfied with their job. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Among survey respondents, men are more common than women; 84 percent of Stock Brokers are male. The numbers in this rundown were provided by PayScale's salary survey participants.

$30,315 - $147,213
(Median)
$30K
$50K
$150K
MEDIAN: $49,807
10%
50%
90%

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$11.88 - $23.36
(Median)
$12
$20
$23
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$190K$380K$570K
Salary
$30,315 - $147,213  
   
Bonus
$498.33 - $33,935  
Profit Sharing
$306.39 - $48,936  
Commission
$4,966 - $553,689  
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).
)
$34,288 - $152,710  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 200
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$100$200$300
Hourly Rate
$11.88 - $23.36  
   
Overtime
$27.18 - $39.15  
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$200K$400K$600K
Bonus
$498.33 - $33,935  
   
Commission
$4,966 - $553,689  
Profit Sharing
$306.39 - $48,936  
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).
)
$34,288 - $152,710  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 31
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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. offers the lowest pay in the field with a median salary of just $44K. There's also little variation in pay at the company, with pay ranging from $39K to $52K.


Pay by Experience Level for Stock Broker

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


Stock Brokers with a lot of experience tend to enjoy higher earnings. Folks with fewer than five years of experience take home $47K on average, and those who have worked for five to 10 years see a bigger median salary of $57K. Stock Brokers bring in $96K after working for 10 to 20 years. Folks who have racked up more than 20 years in the field report incomes that aren't that much higher than less experienced individuals' earnings; the veterans make just $110K on average.

Pay Difference by Location

National Average: $51,942

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

Home to some of the best pay for Stock Brokers, New York offers exceptional salaries, 88 percent above the national average. In Denver, salaries are 17 percent below the national average and represent the lowest-paying market.

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Experience Affects Stock Broker Salaries

Late-Career
up arrow 112%

Experienced
up arrow 86%

Mid-Career
up arrow 9%

National Average
$52,000

Entry-Level
up arrow 9%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 29 votes.

Gender

Female
16 %
Male
84 %

Years of Experience

Less than 1 year
9%
1-4 years
44%
5-9 years
23%
10-19 years
15%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 85%
dental benefits
Dental: 74%
medical benefits
Vision: 58%
dental benefits
None: 13%
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