Stock Broker Salary

The median total income of Stock Brokers is around $51K, and for the average worker in this area, a good chunk of that (between two-thirds and three-fourths, in fact) comes from commissions. Total cash compensation to Stock Brokers bottoms out near $35K and approaches $146K on the high end; the biggest paychecks include approximately $20K from bonuses and almost $11K from profit sharing. While geography and the individual firm impact pay for this group, experience level is the most influential factor. The majority of Stock Brokers claim high levels of job satisfaction. Men account for the majority of Stock Brokers who responded to the questionnaire — 87 percent to be exact. Medical benefits are awarded to most, and a strong majority earn dental coverage.

$31,785 - $140,026

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$12.37 - $22.88

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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
$31,785 - $140,026  
   
Bonus
$481.77 - $20,107  
Profit Sharing
$115.77 - $10,926  
Commission
$5,034 - $546,311  
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).
)
$34,938 - $146,033  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 172
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
$12.37 - $22.88  
   
Overtime
$27.24 - $38.79  
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
$481.77 - $20,107  
   
Commission
$5,034 - $546,311  
Profit Sharing
$115.77 - $10,926  
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).
)
$34,938 - $146,033  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 32
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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


Stock Brokers will find the worst pay at Charles Schwab & Co., Inc., where the median salary crawls in at $44K. Furthermore, compensation is curbed at $52K, leaving little room for growth.


Pay by Experience Level for Stock Broker

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


Stock Brokers generally obtain higher compensation for more plentiful past experience. During their first five years in the workforce, individuals in this position earn $47K on average. Survey participants with five to 10 years under their belts see an only a slightly bigger average of $54K. The average pay reported by folks with 10 to 20 years of experience is around $76K. Deeply experienced professionals who boast more than 20 years of experience haul in an ample $122K on average.

Pay Difference by Location


For Stock Brokers, busy New York offers a higher-than-average pay rate, 63 percent above the national average. The lowest-paying market is Denver, which sits 17 percent below the national average.

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Experience Affects Stock Broker Salaries

Late-Career
up arrow 140%

Experienced
up arrow 51%

Mid-Career
up arrow 7%

National Average
$51,000

Entry-Level
up arrow 7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 35 votes.

Gender

Female
13 %
Male
87 %

Years of Experience

Less than 1 year
10%
1-4 years
46%
5-9 years
21%
10-19 years
15%
20 years or more
8%

Common Health Benefits

medical benefits Medical: 82% dental benefits Dental: 72%
vision benefits Vision: 54% employee benefits None: 15%
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