Stock Broker Salary

In a profession for which the median take-home is approximately $50K, more than two-thirds of overall earnings for Stock Brokers arrives through commissions. Total cash compensation to Stock Brokers bottoms out near $35K and approaches $146K on the high end; the biggest paychecks include approximately $20K from bonuses and almost $11K from profit sharing. Experience level and the particular city each impact pay for this group, with the former having the largest influence. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Men make up the vast majority of Stock Brokers (86 percent) who took the survey. Job satisfaction is high and work is enjoyable for most Stock Brokers.

$30,982 - $140,315
(Median)
$31K
$49K
$140K
MEDIAN: $48,838
10%
50%
90%

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$12.31 - $22.60
(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
$30,982 - $140,315  
   
Bonus
$400.00 - $20,134  
Profit Sharing
$115.00 - $11,000  
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).
)
$34,533 - $146,372  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 171
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
$12.31 - $22.60  
   
Overtime
$27.18 - $39.15  
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
$115.00 - $11,000  
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).
)
$34,533 - $146,372  
Country: United States | Currency: USD | Updated: 20 Jun 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.

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.


In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. Stock Brokers in the early stages of their careers take home approximately $47K on average. The average for people in the five-to-10 year group is only a little larger at $54K. After working for 10 to 20 years, Stock Brokers make a median salary of $73K. 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 $122K.

Pay Difference by Location


For Stock Brokers, working in the bustling city of New York has its advantages, including an above-average pay rate. The smallest paychecks in the market, 17 percent south of the national average, can be found in Denver.

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Experience Affects Stock Broker Salaries

Late-Career
up arrow 142%

Experienced
up arrow 46%

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 36 votes.

Gender

Female
14 %
Male
86 %

Years of Experience

Less than 1 year
10%
1-4 years
47%
5-9 years
20%
10-19 years
15%
20 years or more
8%

Common Health Benefits

medical benefits Medical: 82% dental benefits Dental: 73%
vision benefits Vision: 54% employee benefits None: 15%
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