Stock Broker Salary

Commissions constitute a big slice (nearly two in three on average) of overall compensation for Stock Brokers, and the median take-home for this group lies near $52K. Total cash earnings of Stock Brokers range from $34K on the low end to $153K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $34K and $49K, respectively. The most important factor affecting compensation for this group is experience level, followed by the particular city and the individual firm. Work is enjoyable for Stock Brokers, who typically claim high levels of job satisfaction. Medical benefits are awarded to a large number, and a fair number earn dental coverage. The vast majority of Stock Brokers (84 percent) who took the survey are men.

$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


Pay for Stock Brokers is the lowest at Charles Schwab & Co., Inc., which has a median salary of $44K. In addition, there's little room to grow there, with salaries maxing out at $52K.


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. 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. For Stock Brokers, 10 to 20 years of experience on the job amounts to an average salary of $96K. More than 20 years of experience mean a somewhat bigger median paycheck of $110K, but it's not much more than what less experienced people make.

Pay Difference by Location

National Average: $51,942

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

Surpassing the national average by 88 percent, Stock Brokers in New York receive some of the highest pay in the country. Denver is home to the smallest salaries in the field, lagging the national average by 17 percent.

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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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