Stock Broker Salary

On average, commissions constitute a fair portion (nearly two in five) of final income for Stock Brokers. That final number averages out to $50K across the industry. Total cash compensation to Stock Brokers bottoms out near $34K and approaches $139K on the high end; the biggest paychecks include approximately $20K from bonuses and almost $7K from profit sharing. Career length is the biggest factor affecting pay for this group, followed by geography. Men make up the vast majority of Stock Brokers (86 percent) who took the survey. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. Job satisfaction is high and work is enjoyable for most Stock Brokers.

$32,618 - $132,108
(Median)
$33K
$49K
$130K
MEDIAN: $48,735
10%
50%
90%

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$11.88 - $22.92
(Median)
$12
$20
$23
MEDIAN: $19.00
10%
50%
90%

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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$60K$120K$180K
Salary
$32,618 - $132,108  
   
Bonus
$608 - $19,668  
Profit Sharing
$290.87 - $7,213  
Commission
$7,000 - $175,000  
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).
)
$34,396 - $138,835  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 170
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$30$60$90
Hourly Rate
$11.88 - $22.92  
   
Overtime
$25.74 - $38.54  
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$60K$120K$180K
Bonus
$608 - $19,668  
   
Commission
$7,000 - $175,000  
Profit Sharing
$290.87 - $7,213  
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).
)
$34,396 - $138,835  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 31

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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.

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Pay by Experience Level for Stock Broker

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


Stock Brokers who reported more years of relevant experience also reported higher earnings. People who have worked for fewer than five years earn around $46K, and folks with five to 10 years of experience see a modestly higher median of $53K. Stock Brokers see a median salary of $71K after reaching one to two decades on the job. Stock Brokers who have spent more than 20 years on the job report earning a significantly higher median of $122K.

Pay Difference by Location


Stock Brokers will find that New York offers an impressive pay rate, one which exceeds the national average by 42 percent. Denver is home to the smallest salaries in the field, lagging the national average by 16 percent.

Related Job Salaries

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Experience Affects Stock Broker Salaries

Late-Career
up arrow 143%

Experienced
up arrow 41%

Mid-Career
up arrow 7%

National Average
$50,000

Entry-Level
up arrow 7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 42 votes.

Gender

Female
14 %
Male
86 %

Years of Experience

Less than 1 year
10%
1-4 years
48%
5-9 years
20%
10-19 years
15%
20 years or more
7%

Common Health Benefits

medical benefits Medical: 83% dental benefits Dental: 72%
vision benefits Vision: 55% employee benefits None: 14%