Stock Broker Salary

Stock Brokers in the United States pull down an average of $56K annually. The final incomes of Stock Brokers generally vary between $39K and $202K; higher pay grades include potential for bonuses, profit sharing, and commissions as high as $58K, $88K, and $538K, respectively. This group's pay is mainly influenced by geographic location, followed by years of experience and the particular employer. The majority of Stock Brokers claim high levels of job satisfaction. Most report receiving medical coverage from their employers and the larger part collect dental insurance. Generally, women make up less than a third of all Stock Brokers who answered the questionnnaire. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$39,040 - $157,271
$39K
$56K
$160K
MEDIAN: $56,021
10%
50%
90%

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$10.77 - $64.34
$11
$20
$64
MEDIAN: $20.49
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
$39,040 - $157,271  
   
Bonus
$1,930 - $57,804  
Profit Sharing
$984 - $88,084  
Commission
$-0.49 - $538,293  
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).
)
$39,434 - $201,798  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 176
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
$10.77 - $64.34  
   
Overtime
$25.67 - $40.58  
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
$1,930 - $57,804  
   
Commission
$-0.49 - $538,293  
Profit Sharing
$984 - $88,084  
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).
)
$39,434 - $201,798  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 26

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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: $61,531

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

For Stock Brokers, New York provides a pay rate that is 103 percent greater than the national average. Compared to the national average, Austin Stock Brokers have considerably lower salaries, 29 percent below the national average to be exact. Location appears to be a major driving force in pay for those in this profession. Denver and Indianapolis are a couple other places where companies are known to pay below the median — salaries are 28 percent lower and 19 percent lower, respectively.

Related Job Salaries

Key Stats for Stock Broker

Gender

Female
24 %
Male
76 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 17 votes.
Less than 1 year
10%
1-4 years
45%
5-9 years
20%
10-19 years
15%
20 years or more
9%
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Location:
Years in Fields/Career:
United States (change)

Experience Affects Stock Broker Salaries

Late-Career
▲63%

Experienced
▲61%

▲25%

National Average
$62,000

▼16%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 17 votes.

Gender

Female
24 %
Male
76 %

Years of Experience

Less than 1 year
10%
1-4 years
45%
5-9 years
20%
10-19 years
15%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 68%
vision benefits
Vision: 53%
no benefits
None: 17%
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