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Stock Broker Salary

A substantial slice of final earnings for Stock Brokers (more than three-fourths) arrives through commissions. Median overall income in this area is approximately $50K. Total cash compensation to Stock Brokers bottoms out near $34K and approaches $150K on the high end; the biggest paychecks include approximately $20K from bonuses and almost $46K from profit sharing. Career length and the particular city each impact pay for this group, with the former having the largest influence. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to slightly more than half. Job satisfaction for Stock Brokers is high. The vast majority of Stock Brokers (85 percent) who took the survey are men. This snapshot results from replies to PayScale's salary survey.
$33,246 - $137,781
(Median)
$33K
$49K
$140K
MEDIAN: $49,308
10%
50%
90%

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$11.48 - $22.98
(Median)
$11
$20
$23
MEDIAN: $20
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$100K$200K$300K
Salary
$33,246 - $137,781  
   
Bonus
$874 - $20,134  
Profit Sharing
$290.87 - $46,369  
Commission
$2,027 - $295,898  
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).
)
$34,475 - $150,279  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 179
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$50$100$150
Hourly Rate
$11.48 - $22.98  
   
Overtime
$18.25 - $38.00  
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$100K$200K$300K
Bonus
$874 - $20,134  
   
Commission
$2,027 - $295,898  
Profit Sharing
$290.87 - $46,369  
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).
)
$34,475 - $150,279  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 34
United States (change)

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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Pay by Experience Level for Stock Broker

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


For many Stock Brokers, more experience generally translates to higher pay. Stock Brokers in the early stages of their careers take home approximately $46K on average. The average for people in the five-to-10 year group is only a little larger at $57K. Stock Brokers see a median salary of $74K after reaching one to two decades on the job. Six-figure salaries aren't unusual for professionals who have achieved more than 20 years of experience; median compensation for this group sits in the range of $123K.

Pay Difference by Location


Stock Brokers will find that New York offers an impressive pay rate, one which exceeds the national average by 55 percent. Falling short of the national average by 13 percent, the area with the worst salaries is Denver.

Experience Affects Stock Broker Salaries

Late-Career
up arrow 144%

Experienced
up arrow 47%

Mid-Career
up arrow 13%

National Average
$50,000

Entry-Level
up arrow 8%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 50 votes.

Gender

Female
15 %
Male
85 %

Years of Experience

Less than 1 year
11%
1-4 years
49%
5-9 years
18%
10-19 years
14%
20 years or more
8%

Common Health Benefits

medical benefits Medical: 82% dental benefits Dental: 71%
vision benefits Vision: 55% employee benefits None: 15%