Stock Broker Salary (United States)

A Stock Broker earns an average salary of $48,615 per year. People in this job generally don't have more than 20 years' experience. Experience strongly influences pay for this job.
Stock Broker Total Pay (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$33,742 - $117,916
(Median)
34K
49K
64K
120K
MEDIAN: $48,615
10%
50%
75%
90%
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Stock Broker Total Pay (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$11.23 - $23.06
(Median)
11
19
MEDIAN: $19.00
10%
25%
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National Salary Data

 (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$70K$140K$210K
Salary
$33,742 - $117,916  
   
Bonus
$980 - $19,392  
Profit Sharing
$350.00 - $27,500  
Commission
$2,061 - $201,673  
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).
)
$35,046 - $136,391  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 256
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50$100$150
Hourly Rate
$11.23 - $23.06  
   
Overtime
$16.50 - $39.31  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$100K$200K$300K
Bonus
$980 - $19,392  
   
Commission
$2,061 - $201,673  
Profit Sharing
$350.00 - $27,500  
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).
)
$35,046 - $136,391  
PayScale
Country: United States | Currency: USD | Updated: 11 Jun 2014 | Individuals Reporting: 256
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Job Description for Stock Broker

The primary job of a stock broker is to help a client develop an investment plan based on the client's specific needs. A stock broker advises a client and gives recommendations on stocks and other financial instruments, monitors and keeps a record of the client's investments transactions, buys and sells shares of stocks, mutual funds and similar instruments, evaluates and interprets financial reports, and keeps track of the stock market movement at all times. A stock broker works for large financial houses, brokers and banks such as JP Morgan Chase, Goldman Sachs, Edward Jones, Scottrade, and the like. His place of work is either on the trading floor of his company or in the stock exchange itself, surrounded by his fellow stock traders. He may be constantly on the phone dealing with his clients and with the specialists on the trading floor. He reports to a manager of the specific trading department where he works. There are usually more than one stock broker in a large financial firm, and they are often supervised by a principal or senior stock broker or manager. Typically, a stock broker must have a bachelor's degree, preferably in business, finance, management or marketing. An MBA degree would be a major advantage. The key skills for this position are: keen analytical ability, high tolerance to stress, strong drive and ambition, competitiveness, and computer skills. The hours of a stock broker follow the stock trading hours, including the morning and evening extended hours.
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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Pay by Experience Level for Stock Broker

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

Pay Difference By Location

New York
up arrow 49%
National Average
$50,000
Indianapolis
up arrow 15%
Denver
up arrow 22%
Larger circles over a city indicate a job is popular in that location.

Experience Affects Stock Broker Salaries

Late-Career
up arrow 167%
Experienced
up arrow 63%
Mid-Career
up arrow 11%
National Average
$50,000
Entry-Level
up arrow 8%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 63 votes.

Gender

Female
14%
female alumni
 
Male
86%
male alumni

Years of Experience

Less than 1 year
12%
1-4 years
53%
5-9 years
14%
10-19 years
14%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 84% dental benefits Dental: 72%
vision benefits Vision: 57% employee benefits None: 14%
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