The average pay for a Stockbroker is $48,303 per year. Experience has a moderate effect on salary for this job.

$28,828 - $206,083
(Median)
$29K
$48K
$210K
MEDIAN: $48,303
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
$28,828 - $206,083  
   
Bonus
$507 - $30,201  
Profit Sharing
$4,200  
Commission
$5,000  
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).
)
$30,826 - $204,257  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 35
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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

  • 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.

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Pay by Experience Level for Stockbroker

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

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Experience Affects Stockbroker Salaries

Late-Career
up arrow 387%

Experienced
up arrow 56%

Mid-Career
up arrow 36%

National Average
$51,000

Entry-Level
up arrow 6%

Years of Experience

Less than 1 year
16%
1-4 years
58%
5-9 years
13%
10-19 years
8%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 82%
dental benefits
Dental: 71%
medical benefits
Vision: 53%
dental benefits
None: 18%
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