The average pay for a Stockbroker is $45,289 per year. Experience has a moderate effect on salary for this job.
|Salary||$25,083 - $206,083|
|Bonus||$500 - $21,000|
|Total Pay (||$30,791 - $199,999|
Job Description for Stockbroker
Stockbrokers 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. Stockbrokers' clients may be individual investors and/or companies, and excellent communication and interpersonal skills are required to communicate effectively with these clients. Stockbrokers 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.Read More...
Stockbrokers typically work for financial service organizations during the hours the stock market is open, with additional hours often required. They may be paid based on commission or flat fees, which means having a large, steady base of clients is critical. These professionals generally work in an office environment with minimal physical requirements.
To become a stockbroker, a bachelor's degree in a related field such as finance or business is typically required. Relevant training - such as successful completion of Series 7, 63 and 65 classes - is needed as well. Stockbrokers must have good customer service and sales skills, as well as be able to use basic computer programs needed to perform the functions of their job.
- 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.
Pay by Experience Level for Stockbroker
Pay by Experience for a Stockbroker has a positive trend. An entry-level Stockbroker with less than 5 years of experience can expect to earn an average total compensation of $49,000 based on 24 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Stockbroker with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $70,000 based on 7 salaries. An experienced Stockbroker which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $80,000 based on 9 salaries. A Stockbroker with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $250,000 based on 6 salaries.