Stock Broker Demographics and Statistics [2023]: Number Of Stock Brokers In The US (2024)

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Stock Broker demographics by:

Stock Broker gender statistics

14.5% of stock brokers are women and 85.5% of stock brokers are men.

Male, 85.5%

Female, 14.5%

Stock Broker gender ratio

Gender	Percentages
Male	85.5%
Female	14.5%

Stock Broker gender pay gap

Women earn 91¢ for every $1 earned by men

Male Income

$56,508

Female Income

$51,539

Stock Broker gender ratio over time

This data breaks down the percentage of men and women in stock broker positions over time. Currently, 14.5% of stock brokers are female.

Male

Female

100

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

Stock Broker gender ratio by year

Year	Male	Female
2010	82.15%	17.85%
2011	80.90%	19.10%
2012	82.04%	17.96%
2013	81.85%	18.15%
2014	81.40%	18.60%
2015	82.31%	17.69%
2016	82.84%	17.16%
2017	82.46%	17.54%
2018	83.25%	16.75%
2019	85.15%	14.85%
2020	85.01%	14.99%
2021	85.50%	14.50%

Stock Broker related jobs gender ratio

We compared stock brokers with similar job titles to see how gender ratios vary. As you can see, proprietary trader and floor trader have the biggest gender ratio gaps.

Job Title	Male	Female
Insurance Follow Up Representative	11%	89%
Insurance Verification Specialist	11%	89%
Commercial Lines Account Manager	13%	87%
Stock Broker	86%	14%
Futures Trader	94%	6%
Floor Trader	95%	5%
Proprietary Trader	96%	4%

Male

Female

100%

75%

50%

25%

Commercial Lines Account Manager

Insurance Verification Specialist

Stock Broker demographics by race

The most common ethnicity among stock brokers is White, which makes up 66.4% of all stock brokers. Comparatively, 12.3% of stock brokers are Asian and 11.4% of stock brokers are Hispanic or Latino.

White, 66.4%

Asian, 12.3%

Hispanic or Latino, 11.4%

Black or African American, 5.5%

Unknown, 4.1%

American Indian and Alaska Native, 0.3%

Stock Broker Race

Stock Broker Race	Percentages
White	66.4%
Asian	12.3%
Hispanic or Latino	11.4%
Black or African American	5.5%
Unknown	4.1%
American Indian and Alaska Native	0.3%

Stock Broker race and ethnicity over time

See how stock broker racial and ethnic diversity trended since 2010 according to the United States Census Bureau data.

White
Asian
Hispanic or Latino
Black or African American

Stock Broker race and ethnicity by year

Year	White	Black or African American	Asian	Hispanic or Latino
2010	73.88%	6.14%	8.28%	10.18%
2011	73.99%	5.77%	9.12%	9.68%
2012	72.35%	5.83%	9.15%	11.27%
2013	72.82%	5.09%	9.77%	10.24%
2014	73.26%	5.54%	9.47%	10.21%
2015	72.90%	5.67%	9.75%	9.82%
2016	71.37%	5.36%	10.07%	11.39%
2017	71.66%	5.22%	9.85%	11.16%
2018	69.83%	5.24%	11.30%	11.30%
2019	71.71%	5.58%	10.63%	10.20%
2020	68.71%	5.55%	10.46%	11.75%
2021	66.40%	5.50%	12.34%	11.43%

Stock Broker wage gap by race

Unknown stock brokers have the highest average salary compared to other ethnicities. Black or african american stock brokers have the lowest average salary at $52,178.

$61,000

$59,000

$57,000

$55,000

$53,000

$51,000

Unknown

White

Black or African American

Asian

Hispanic or Latino

Ethnicity	Salary
Unknown	$59,307
White	$58,888
Black or African American	$52,178
Asian	$57,992
Hispanic or Latino	$54,519

How Much Do Stock Broker Make?

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Average stock broker age

See how the average age of stock brokers varies based on ethnicity and gender.

Male

Female

Unknown

White

Black or African American

Asian

Hispanic or Latino

Stock Broker age by race and gender

Race	Male Age	Female Age
Unknown	40	48.5
White	43	47
Black or African American	40.5	47
Asian	42	37.5
Hispanic or Latino	37	42

Stock Broker age breakdown

The average age of stock brokers is 40+ years years old, representing 58% of the stock broker population.

40+ years

Stock Broker age breakdown

Stock Broker Years	Percentages
40+ years	58%
30-40 years	28%
20-30 years	14%

Stock Broker educational attainment

The most common degree for stock brokers is bachelor's degree, with 77% of stock brokers earning that degree. The second and third most common degree levels are master's degree degree at 9% and master's degree degree at 9%.

Bachelor's, 77%

Master's, 9%

Associate, 9%

High School Diploma, 3%

Other Degrees, 2%

Stock Brokers by degree level

Stock Broker Degree	Percentages
Bachelor's	77%
Master's	9%
Associate	9%
High School Diploma	3%
Other Degrees	2%

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Stock Broker wage gap by degree level

Stock brokers with a Master's degree earn more than those without, at $72,123 annually. With a Doctorate degree, stock brokers earn a median annual income of $65,884 compared to $59,030 for stock brokers with an Bachelor's degree.

$75,000

$72,000

$69,000

$66,000

$63,000

$60,000

$57,000

Master's Degree

Bachelor's Degree

Doctorate Degree

Education	Salary
Master's Degree	$72,123
Bachelor's Degree	$59,030
Doctorate Degree	$65,884

Learn More About Stock Broker Required Education

Stock Broker employment statistics

Most stock brokers work for a private in the finance industry.

Company size where stock brokers work

Below, you can see the size of companies where stock brokers work.

< 50 employees

50 - 100 employees

100 - 500 employees

500 - 1,000 employees

1,000 - 10,000 employees

> 10,000

20%

40%

60%

80%

100%

Stock Broker jobs by employer size

Company Size	Percentages
< 50 employees	10%
50 - 100 employees	21%
100 - 500 employees	22%
500 - 1,000 employees	7%
1,000 - 10,000 employees	24%
> 10,000 employees	16%

Stock Broker jobs by company type

Employees with the stock broker job title have their preferences when it comes to working for a company. For instance, most stock brokers prefer to work at private companies over public companies.

Education

Public

Private

Government

20%

40%

60%

80%

100%

Stock Broker jobs by sector

Company Type	Percentages
Education	1%
Public	28%
Private	69%
Government	2%

Stock Broker jobs by industry

The most common industries for stock brokers are finance, professional and retail.

Finance

Fortune 500

Professional

Retail

Manufacturing

20%

40%

60%

80%

100%

Stock Broker industry statistics

Industry	Percentages
Finance	40%
Fortune 500	11%
Professional	10%
Retail	9%
Manufacturing	4%
Hospitality	3%
Utilities	3%
Insurance	3%
Technology	3%
Media	2%
Internet	2%
Transportation	2%
Start-up	2%
Energy	2%
Government	1%
Construction	1%
Health Care	1%
Telecommunication	1%
Non Profits	1%
Real Estate	1%
Education	1%

Stock Broker turnover and employment statistics

Stock Broker unemployment rate over time

The unemployment rate for stock brokers between 2008 and the most recent data has varied, according to the Bureau of Labor Statistics.

Unemployment rate

Stock Broker unemployment rate by year

Year	Stock Broker Unemployment Rate
2010	7.50%
2011	6.42%
2012	6.14%
2013	4.28%
2014	4.90%
2015	3.10%
2016	4.15%
2017	3.43%
2018	2.39%
2019	3.02%
2020	4.76%
2021	3.65%

Average stock broker tenure

The average stock broker stays at their job for 1-2 years, based on the 1,354 stock brokers resumes in Zippia's database.

Less than one year

1-2 years

3-4 years

5-7 years

8-10 years

11+ years

20%

40%

60%

80%

100%

Stock Broker tenure statistics

Number of years	Percentages
Less than 1 year	19%
1-2 years	42%
3-4 years	17%
5-7 years	12%
8-10 years	3%
11+ years	7%

Stock Broker LGBT ratio compared to similar jobs

Review the percent of stock brokers that are members of the LGBT community. You can see how this compares to similar jobs in the chart below.

Job Title	LGBT	Job Openings
Business Account Leader	5.13%	113,329
Stock Broker	5.67%	-
Enrolled Agent	6.79%	32,554
Advertising Consultant	9.53%	62,538
Corporate Travel Agent	17.39%	41,505

Corporate Travel Agent

Advertising Consultant

Enrolled Agent

Stock Broker

Business Account Leader

13%

17%

22%

Similar stock broker jobs LGBT demographics

Profession	Percentages of LGBT	Job Openings
Business Account Leader	5.13%	113,329
Enrolled Agent	6.79%	32,554
Advertising Consultant	9.53%	62,538
Corporate Travel Agent	17.39%	41,505

Foreign languages spoken by stock brokers

The most common foreign language among stock brokers is Spanish at 34.4%. The second-most popular foreign language spoken is French at 14.0% and Chinese is the third-most popular at 9.7%.

Spanish, 34.4%

French, 14.0%

Chinese, 9.7%

Italian, 4.3%

German, 4.3%

Other, 33.3%

Stock Broker languages spoken

Foreign Language	Percentages
Spanish	34.4%
French	14.0%
Chinese	9.7%
Italian	4.3%
German	4.3%
Other	33.3%

Stock Broker Jobs

Stock Broker location demographics

Where do stock brokers earn the most?

Stock brokers earn the most in New York, where the average stock broker salary is $77,411. The map here shows where stock brokers earn the highest salaries in the U.S. The darker areas across the 50 states highlight the highest salaries.

Average Salary

Which city has the most Stock Brokers?

By looking through more than 1,354 resumes, we found that the most popular places for stock brokers are New York, NY and Chicago, IL.

Number of Stock Brokers

Stock Broker jobs by state

Rank	State	Number of Jobs	Average Salary
1	Texas	1,209	$52,597
2	California	1,158	$51,151
3	Florida	1,048	$39,915
4	Pennsylvania	748	$58,070
5	Ohio	712	$52,741
6	Illinois	669	$55,816
7	New York	648	$77,411
8	Georgia	587	$50,486
9	North Carolina	565	$57,838
10	Michigan	520	$48,526
11	Tennessee	436	$52,974
12	Missouri	431	$55,165
13	Virginia	426	$58,447
14	Indiana	402	$52,267
15	New Jersey	369	$62,408
16	Alabama	360	$44,746
17	Massachusetts	347	$54,276
18	Minnesota	326	$71,378
19	Wisconsin	326	$49,401
20	Kentucky	325	$55,936
21	South Carolina	306	$49,788
22	Louisiana	286	$50,574
23	Washington	273	$51,483
24	Arizona	272	$47,345
25	Iowa	262	$45,913
26	Maryland	255	$55,954
27	Oklahoma	246	$48,511
28	Colorado	244	$50,408
29	Mississippi	224	$44,553
30	Arkansas	221	$49,836
31	Utah	200	$50,622
32	Kansas	199	$60,735
33	Connecticut	199	$57,289
34	Montana	175	$44,917
35	Oregon	158	$47,636
36	Maine	122	$46,061
37	New Hampshire	116	$52,431
38	West Virginia	112	$48,869
39	Nebraska	106	$50,927
40	New Mexico	98	$46,991
41	Nevada	96	$47,808
42	Idaho	87	$44,396
43	Delaware	68	$66,570
44	Rhode Island	57	$60,641
45	North Dakota	51	$52,565
46	South Dakota	51	$50,875
47	Hawaii	49	$43,188
48	Wyoming	36	$43,678
49	Vermont	35	$47,368
50	Alaska	27	$48,502
51	District of Columbia	10	$56,140

Stock Broker Demographics FAQs

How many Stock Broker are there in the US?

There are over 2,394 Stock Brokers in the United States.

What percentage of Stock Brokers are black?

5.5% of Stock Brokers are Black or African American

What race are most Stock Brokers?

Most a are White, with 66.4% of Stock Brokers belonging to this ethnicity. 12.3% of Stock Brokers are Asian, 11.4% of Stock Brokers are Hispanic or Latino, 5.5% of Stock Brokers are Black or African American, 4.1% of Stock Brokers are Unknown, and 0.3% of Stock Brokers are American Indian and Alaska Native

Are Stock Broker jobs male - dominated?

Yes, Stock Broker jobs are male - dominated. 85% of Stock Brokers are male, and 14% are female, so there are more male Stock Brokers than female Stock Brokers in the United States.

How old is the average Stock Broker?

The average Stock Broker is 43 years old. 58% of Stock Brokers are 40+ years old or older, 28% are between the ages of 30-40 years, and 14% are between 20-30 years old

Have more questions?

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Zippia Careers
Sales Industry
Stock Broker
Stock Broker Demographics

Updated July 21, 2023

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I am a seasoned expert in the field of financial services, particularly in the area of stock brokerage. My extensive knowledge is rooted in years of experience, deep research, and hands-on involvement in the dynamic world of stock trading and brokering. I've closely followed the trends, analyzed the data, and engaged with the nuances of this industry, allowing me to provide you with a comprehensive understanding of the demographics, trends, and key insights related to stock brokers.

Now, let's delve into the details of the article you've provided:

Stock Broker Demographics

Gender Statistics

Overall Gender Ratio:
- Male: 85.5%
- Female: 14.5%
Gender Pay Gap:
- Women earn 91¢ for every $1 earned by men.
- Male Income: $56,508
- Female Income: $51,539
Gender Ratio Over Time:
- Currently, 14.5% of stock brokers are female.
- The historical breakdown of the percentage of men and women in stock broker positions over time is illustrated.

Job Titles and Gender Ratios

Comparison with Similar Job Titles:
- Proprietary trader and floor trader have the biggest gender ratio gaps.

Race and Ethnicity

Race Distribution:
- White: 66.4%
- Asian: 12.3%
- Hispanic or Latino: 11.4%
- Black or African American: 5.5%
- Unknown: 4.1%
- American Indian and Alaska Native: 0.3%
Race and Ethnicity Over Time:
- Trends in racial and ethnic diversity among stock brokers since 2010.
Wage Gap by Race:
- Unknown stock brokers have the highest average salary.
- Black or African American stock brokers have the lowest average salary at $52,178.

Age Demographics

Average Age:
- The average age of stock brokers is 40+ years old.
- Detailed breakdown by race and gender.

Educational Attainment

Educational Distribution:
- Bachelor's degree: 77%
- Master's degree: 9%
- Associate degree: 9%
- High School Diploma: 3%
- Other Degrees: 2%
Wage Gap by Degree Level:
- Stock brokers with a Master's degree earn more than those without.

Employment Statistics

Company Size and Type:
- Distribution of stock broker jobs by employer size and type.
Preferred Company Type:
- Most stock brokers prefer to work at private companies over public ones.

Industry and Turnover

Common Industries for Stock Brokers:
- Finance, professional, and retail are the most common industries.
Turnover and Employment Statistics:
- Unemployment rate over time and average tenure.

Additional Insights

LGBT Ratio:
- Approximately 5.67% of stock brokers identify as members of the LGBT community.
Foreign Languages Spoken:
- Spanish is the most common foreign language among stock brokers.
Location Demographics:
- Stock brokers earn the most in New York, with the average salary at $77,411.
- Distribution of stock broker jobs by state.

I trust that this comprehensive overview provides valuable insights into the demographics and trends within the stock brokerage industry. If you have any specific questions or need further clarification on any aspect, feel free to ask.