Stock Broker Salary

A large fraction of take-home pay for Stock Brokers comes from commissions — a little under three-quarters on average, in fact. The median overall income in this field is approximately $50K. Cash earnings for Stock Brokers — including $20K in bonuses and $11K in profit sharing proceeds near the top of the pay scale — generally stretch from $35K to $145K depending on individual performance. This group's pay is mainly influenced by experience level, followed by the particular city and the particular employer. Job satisfaction for Stock Brokers is high. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to just over a half. Men account for the majority of Stock Brokers who responded to the questionnaire — 87 percent to be exact. This overview is based on answers to PayScale's salary questionnaire.

$31,450 - $137,781
(Median)
$31K
$49K
$140K
MEDIAN: $48,843
10%
50%
90%

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$12.37 - $22.88
(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$190K$380K$570K
Salary
$31,450 - $137,781  
   
Bonus
$400.00 - $20,134  
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).
)
$34,842 - $144,776  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 169
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$100$200$300
Hourly Rate
$12.37 - $22.88  
   
Overtime
$27.24 - $38.79  
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$200K$400K$600K
Bonus
$400.00 - $20,134  
   
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).
)
$34,842 - $144,776  
Country: United States | Currency: USD | Updated: 2 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.

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Popular Employer Salaries for Stock Broker


Employees at Charles Schwab & Co., Inc. take home the smallest paychecks, and $44K is the median salary. Furthermore, range in pay is narrow, with salaries starting at $39K and quickly nearing the top at only $52K.


Pay by Experience Level for Stock Broker

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


Experience seems to be a major factor in determining the incomes of Stock Brokers. Individuals who have worked for fewer than five years bring in approximately $47K on average. Those in the five-to-10 year range can expect an average that is only a touch bigger at $54K. The average pay reported by folks with 10 to 20 years of experience is around $75K. Stock Brokers who have acquired more than 20 years of relevant experience earn significantly more than folks with fewer years on their resumes; the average income in this veteran group is $120K.

Pay Difference by Location


With a pay rate for Stock Brokers that is 61 percent greater than the national average, New York offers a comfortable salary for those in this profession. Those in the field find the lowest salaries in Denver, 17 percent below the national average.

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Experience Affects Stock Broker Salaries

Late-Career
up arrow 138%

Experienced
up arrow 48%

Mid-Career
up arrow 8%

National Average
$50,000

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
47%
5-9 years
21%
10-19 years
14%
20 years or more
8%

Common Health Benefits

medical benefits Medical: 82% dental benefits Dental: 72%
vision benefits Vision: 53% employee benefits None: 15%
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