Stock Broker Salary

Average Stock Brokers in the United States make around $58K per year. Overall cash earnings for Stock Brokers stretch from $40K on the lower end to $207K near the top, and the heftiest packages can encompass around $58K from bonuses and $89K from profit sharing. The most influential factor affecting pay for this group is residence, though career duration and the individual firm have a (lesser) impact as well. Male Stock Brokers are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. Job satisfaction for Stock Brokers is high. A large number report receiving medical coverage from their employers and a majority collect dental insurance. Participants in PayScale's salary questionnaire provided the particulars of this report.

$38,104 - $150,372
$38K
$53K
$150K
MEDIAN: $53,266
10%
50%
90%

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$13.00 - $61.46
$13
$22
$61
MEDIAN: $21.89
10%
50%
90%

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$0$493K
Salary $38,104 - $150,372
Bonus $992 - $50,083
Profit Sharing $203 - $51,600
Commission $0.00 - $493,163
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).
)
$39,056 - $195,773
  • Country: United States
  • Currency: USD
  • Updated: 4 Jun 2018
  • Individuals Reporting: 269
Hourly Data $0$61
Hourly Rate $13.00 - $61.46
Hourly Tips $0.63
Overtime $26.79 - $44.38
Annual Data $0$493K
Bonus $992 - $50,083
Commission $0.00 - $493,163
Profit Sharing $203 - $51,600
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).
)
$39,056 - $195,773
  • Country: United States
  • Currency: USD
  • Updated: 4 Jun 2018
  • Individuals Reporting: 44

Job Description for Stock Broker

Stock brokers 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. Stock brokers' clients may be individual investors and/or companies, and excellent communication and interpersonal skills are required to communicate effectively with these clients. Stock brokers 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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Stock Broker 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.

Stock Broker Pay By Employer

$0$118K

$43,923

$47,495

$117,999

Stock Broker Job Listings

Pay by Experience Level for Stock Broker

Pay by Experience for a Stock Broker has a positive trend. An entry-level Stock Broker with less than 5 years of experience can expect to earn an average total compensation of $52,000 based on 128 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Stock Broker with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $77,000 based on 54 salaries. An experienced Stock Broker which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $99,000 based on 38 salaries. A Stock Broker with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $100,000 based on 19 salaries.

Pay Difference by Location

National Average: $59,474

Larger city markers indicate a job is popular in that location.

For those looking to make money, Stock Brokers in New York enjoy an exceptional pay rate, 105 percent above the national average. Stock Brokers' salaries are heavily influenced by location — Stock Brokers in Austin bring in salaries that are 29 percent lower than the national average. Employers in Denver and Indianapolis also lean toward paying below-median salaries (27 percent lower and 18 percent lower, respectively).

Stock Broker Reviews

Q: What is it like working as a Stock Broker?

Stock Broker in New York:
"Its awsome."
Pros: What I like the most about my job is that I can be like the wolf of wall street and make money and it was a dream sins I was young.
Cons: What I dislike about my job is That I dont work enough.

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Key Stats for Stock Broker

Gender

Female
19 %
Male
81 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 27 votes.
Less than 1 year
11%
1-4 years
45%
5-9 years
23%
10-19 years
14%
20 years or more
8%

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Experience Affects Stock Broker Salaries

Late-Career
▲68%

Experienced
▲67%

▲29%

National Average
$59,000

▼13%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 27 votes.

Gender

Female
19 %
Male
81 %

Years of Experience

Less than 1 year
11%
1-4 years
45%
5-9 years
23%
10-19 years
14%
20 years or more
8%

Common Health Benefits

medical benefits
Medical: 81%
dental benefits
Dental: 68%
vision benefits
Vision: 55%
no benefits
None: 18%