Registered Representative Salary

Highly experienced Registered Representatives pick up larger-than-average paychecks, bringing in $70K, much more than the $45K annually national average for others in this area of work. Salaries of relatively inexperienced workers fall in the neighborhood of $43K, but folks who have racked up five to 10 years see a notably higher median of $53K. People with 10 to 20 years of experience make an average of about $60K in this role. More than 20 years of experience seem related to solid financial gains; veterans in this group report earning a median of $70K. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$28,902 - $60,927
$29K
$43K
$61K
MEDIAN: $43,199
10%
50%
90%

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$11.92 - $25.17
$12
$20
$25
MEDIAN: $19.63
10%
50%
90%

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$0$69K
Salary $28,902 - $60,927
Bonus $1,454 - $13,277
Profit Sharing $4,913
Commission $-0.50 - $38,783
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).
)
$30,024 - $69,652
  • Country: United States
  • Currency: USD
  • Updated: 20 Oct 2017
  • Individuals Reporting: 61
Hourly Data $0$40
Hourly Rate $11.92 - $25.17
Overtime $30.74
Annual Data $0$69K
Bonus $1,454 - $13,277
Commission $-0.50 - $38,783
Profit Sharing $4,913
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).
)
$30,024 - $69,652
  • Country: United States
  • Currency: USD
  • Updated: 20 Oct 2017
  • Individuals Reporting: 28

Job Description for Registered Representative

Managing investments and securities exchanges is a complicated and byzantine process. There are many rules that must be followed closely and the entire process is overseen by huge government bureaucracies, and this is why most people hire brokers to do their business for them. "Registered representative" is a very literal job title: commonly known as "stockbrokers," they are licensed by the United States Securities and Exchange Commission, as well as self-regulatory agencies such as the New York Stock Exchange, to represent their clients in the purchase, sale, and management of securities.

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Registered Representative Job Listings

Popular Employer Salaries for Registered Representative


The lowest salaries can be found at Charles Schwab & Co., Inc. — median pay is $42K — and there is little variation in compensation, with paychecks starting at $37K and only reaching $62K.

Pay by Experience Level for Registered Representative

Pay by Experience for a Registered Representative has a positive trend. An entry-level Registered Representative with less than 5 years of experience can expect to earn an average total compensation of $43,000 based on 65 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Registered Representative with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $53,000 based on 17 salaries. An experienced Registered Representative which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $60,000 based on 13 salaries. A Registered Representative with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $70,000 based on 5 salaries.

Related Job Salaries

Key Stats for Registered Representative

Gender

Female
68 %
Male
33 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 23 votes.
Less than 1 year
2%
1-4 years
61%
5-9 years
16%
10-19 years
17%
20 years or more
4%

Experience Affects Registered Representative Salaries

Late-Career
▲54%

Experienced
▲33%

Mid-Career
▲17%

National Average
$45,000

Entry-Level
▼5%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 23 votes.

Gender

Female
68 %
Male
33 %

Years of Experience

Less than 1 year
2%
1-4 years
61%
5-9 years
16%
10-19 years
17%
20 years or more
4%

Common Health Benefits

medical benefits
Medical: 81%
dental benefits
Dental: 61%
vision benefits
Vision: 52%
no benefits
None: 19%