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.

$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

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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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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