Stock Broker Salary

Stock Brokers in the United States can expect to earn an average of $55K per year. Individual bonuses, profit sharing and commission for Stock Brokers — as high as $57K, $51K and $533K, respectively — each contribute to the degree of variation within overall compensation, ranging from $39K to $199K. Residence is the biggest factor affecting pay for this group, followed by career duration and the particular employer. Job satisfaction is high and work is enjoyable for most Stock Brokers. While one-fifth report receiving no health benefits, a large number do receive medical coverage, and a majority have dental, as well. Male Stock Brokers are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field.

$38,418 - $153,302
$38K
$55K
$150K
MEDIAN: $55,313
10%
50%
90%

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$10.85 - $60.64
$11
$20
$61
MEDIAN: $19.85
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
$38,418 - $153,302  
   
Bonus
$976 - $57,207  
Profit Sharing
$405.47 - $51,289  
Commission
$-0.49 - $533,269  
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).
)
$39,085 - $198,540  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | 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$90$180$270
Hourly Rate
$10.85 - $60.64  
   
Overtime
$25.97 - $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
$976 - $57,207  
   
Commission
$-0.49 - $533,269  
Profit Sharing
$405.47 - $51,289  
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).
)
$39,085 - $198,540  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 27

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United States (change)

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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

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

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Pay by Experience Level for Stock Broker

Pay by Experience for a Stock Broker has a positive trend. An entry-level Stock Broker with less than 5 years of experience can expect to earn an average total compensation of $52,000 based on 128 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Stock Broker with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $77,000 based on 54 salaries. An experienced Stock Broker which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $99,000 based on 38 salaries. A Stock Broker with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $100,000 based on 19 salaries.

Pay Difference by Location

National Average: $60,478

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

With a pay rate for Stock Brokers that is 107 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 (+1 percent). Stock Brokers in Austin report much lower salaries than the rest of the country — 28 percent below the national average — proving that residence is a major factor in overall pay. Below-median salaries also turn up in Denver and Indianapolis (27 percent lower and 18 percent lower, respectively).

Related Job Salaries

Key Stats for Stock Broker

Gender

Female
25 %
Male
75 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 16 votes.
Less than 1 year
9%
1-4 years
47%
5-9 years
20%
10-19 years
15%
20 years or more
10%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Stock Broker Salaries

Late-Career
▲65%

Experienced
▲64%

▲27%

National Average
$60,000

▼15%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 16 votes.

Gender

Female
25 %
Male
75 %

Years of Experience

Less than 1 year
9%
1-4 years
47%
5-9 years
20%
10-19 years
15%
20 years or more
10%

Common Health Benefits

medical benefits
Medical: 81%
dental benefits
Dental: 66%
vision benefits
Vision: 52%
no benefits
None: 20%