Stockbroker Salary

The average pay for a Stockbroker is $45,289 per year. Experience has a moderate effect on salary for this job.

$25,083 - $206,083
$25K
$45K
$210K
MEDIAN: $45,289
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$70K$140K$210K
Salary
$25,083 - $206,083  
   
Bonus
$500 - $21,000  
Profit Sharing
$4,600  
Commission
$7,500  
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).
)
$30,791 - $199,999  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 25

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United States (change)

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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.

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Stockbroker 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 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.

Key Stats for Stockbroker

Less than 1 year
21%
1-4 years
59%
5-9 years
10%
10-19 years
7%
20 years or more
3%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Stockbroker Salaries

Late-Career
▲389%

Experienced
▲56%

Mid-Career
▲37%

National Average
$51,000

Entry-Level
▼4%

Years of Experience

Less than 1 year
21%
1-4 years
59%
5-9 years
10%
10-19 years
7%
20 years or more
3%

Common Health Benefits

medical benefits
Medical: 93%
dental benefits
Dental: 86%
vision benefits
Vision: 64%
no benefits
None: 7%
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