Updated September 14, 2023
Average stock broker salary
To create our salary estimates, Zippia starts with data published in publicly available sources such as the U.S. Bureau of Labor Statistics (BLS), Foreign Labor Certification Data Center (FLC) Show More$59,096
$28.41 hourly rate
Entry-level stock broker salary
$37,000 yearly salary
How much does a stock broker make?
The average stock broker salary in the United States is $59,096. Stock broker salaries typically range between $37,000 and $93,000 yearly. The average hourly rate for stock brokers is $28.41 per hour.
Stock broker salary is impacted by location, education, and experience. Stock brokers earn the highest average salary in New York, Minnesota, Delaware, New Jersey, and Kansas.
Stock broker salary summary.
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The average salary for a stock broker is $59,096 in the US. -
The average stock broker salary ranges between $37,000 and $93,000 in the US. -
Stock brokers' hourly rates in the US typically range between $17 and $44 an hour. -
Stock brokers earn the highest salaries in New York ($77,411), Minnesota ($71,378), and Delaware ($66,570). -
Stock broker salaries at ICAP are the highest of any company. -
Stock brokers in the finance industry are the highest-paid in the US.
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Average stock broker salary by state
The average stock broker salary in New York, Minnesota, and Delaware are the highest in the U.S. The lowest average stock broker salary states are Alabama, Mississippi, and Idaho.
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- County View
Average Salary:
Highest paying states for stock brokers
| Rank | State | Avg. Salary | Hourly Rate | Job Count |
|---|---|---|---|---|
| 1 | Kansas | $60,735 | $29.20 | 199 |
| 2 | New York | $77,411 | $37.22 | 648 |
| 3 | Minnesota | $71,378 | $34.32 | 326 |
| 4 | Kentucky | $55,936 | $26.89 | 325 |
| 5 | Delaware | $66,570 | $32.00 | 68 |
| 6 | Missouri | $55,165 | $26.52 | 431 |
| 7 | Pennsylvania | $58,070 | $27.92 | 748 |
| 8 | Rhode Island | $60,641 | $29.15 | 57 |
| 9 | North Carolina | $57,838 | $27.81 | 565 |
| 10 | Tennessee | $52,974 | $25.47 | 436 |
| 11 | New Jersey | $62,408 | $30.00 | 369 |
| 12 | Ohio | $52,741 | $25.36 | 712 |
| 13 | Connecticut | $57,289 | $27.54 | 199 |
| 14 | Illinois | $55,816 | $26.83 | 669 |
| 15 | North Dakota | $52,565 | $25.27 | 51 |
| 16 | Arkansas | $49,836 | $23.96 | 221 |
| 17 | Indiana | $52,267 | $25.13 | 402 |
| 18 | Virginia | $58,447 | $28.10 | 426 |
| 19 | Texas | $52,597 | $25.29 | 1,209 |
| 20 | New Hampshire | $52,431 | $25.21 | 116 |
| 21 | Louisiana | $50,574 | $24.31 | 286 |
| 22 | Utah | $50,622 | $24.34 | 200 |
| 23 | South Dakota | $50,875 | $24.46 | 51 |
| 24 | West Virginia | $48,869 | $23.49 | 112 |
| 25 | Oklahoma | $48,511 | $23.32 | 246 |
| 26 | Nebraska | $50,927 | $24.48 | 106 |
| 27 | South Carolina | $49,788 | $23.94 | 306 |
| 28 | Michigan | $48,526 | $23.33 | 520 |
| 29 | Maryland | $55,954 | $26.90 | 255 |
| 30 | Wisconsin | $49,401 | $23.75 | 326 |
| 31 | Georgia | $50,486 | $24.27 | 587 |
| 32 | Massachusetts | $54,276 | $26.09 | 347 |
| 33 | Montana | $44,917 | $21.59 | 175 |
| 34 | Maine | $46,061 | $22.14 | 122 |
| 35 | Alabama | $44,746 | $21.51 | 360 |
| 36 | Mississippi | $44,553 | $21.42 | 224 |
| 37 | Iowa | $45,913 | $22.07 | 262 |
| 38 | District of Columbia | $56,140 | $26.99 | 10 |
| 39 | Colorado | $50,408 | $24.23 | 244 |
| 40 | Washington | $51,483 | $24.75 | 273 |
| 41 | Hawaii | $43,188 | $20.76 | 49 |
| 42 | California | $51,151 | $24.59 | 1,158 |
| 43 | Nevada | $47,808 | $22.98 | 96 |
| 44 | New Mexico | $46,991 | $22.59 | 98 |
| 45 | Alaska | $48,502 | $23.32 | 27 |
| 46 | Wyoming | $43,678 | $21.00 | 36 |
| 47 | Arizona | $47,345 | $22.76 | 272 |
| 48 | Oregon | $47,636 | $22.90 | 158 |
| 49 | Idaho | $44,396 | $21.34 | 87 |
| 50 | Vermont | $47,368 | $22.77 | 35 |
| 51 | Florida | $39,915 | $19.19 | 1,048 |
Recent job searches
- See AlsoBroker definition
Top stock broker jobs near you
Highest paying cities for stock brokers
The highest-paying cities for stock brokers are New York, NY, Westbury, NY, and Melville, NY.
| Rank | City | Avg. Salary | Hourly Rate | Job Count |
|---|---|---|---|---|
| 1 | New York, NY | $78,112 | $37.55 | |
| 2 | Westbury, NY | $77,780 | $37.39 | |
| 3 | Melville, NY | $77,680 | $37.35 | |
| 4 | Syosset, NY | $77,541 | $37.28 | |
| 5 | Boca Raton, FL | $40,015 | $19.24 | |
| 6 | Miami, FL | $39,965 | $19.21 |
Stock Broker salary details
A stock broker's salary ranges from $37,000 a year at the 10th percentile to $93,000 at the 90th percentile.
What is a stock broker's salary?
| Percentile | Annual Salary | Monthly Salary | Hourly Rate |
|---|---|---|---|
| 90th Percentile | $93,000 | $7,750 | $45 |
| 75th Percentile | $75,000 | $6,250 | $36 |
| Average | $59,096 | $4,925 | $28 |
| 25th Percentile | $46,000 | $3,833 | $22 |
| 10th Percentile | $37,000 | $3,083 | $18 |
Highest paying stock broker jobs
The highest paying types of stock brokers are broker, sales trader, and market maker.
| Job Title | Annual Salary | Monthly Salary | Hourly Rate | Job Openings |
|---|---|---|---|---|
| Licensed Sales Agent | $36,453 | $3,038 | $17.53 | 63,324 |
| Airport Sales Agent | $29,987 | $2,499 | $14.42 | 41,045 |
| Direct Sales Agent | $57,712 | $4,809 | $27.75 | 225,552 |
| Inside Sales Agent | $53,956 | $4,496 | $25.94 | 307,634 |
| Registered Representative | $54,074 | $4,506 | $26.00 | 17,622 |
| Sales Agent | $45,217 | $3,768 | $21.74 | 391,987 |
Top companies hiring stock brokers now:
Which companies pay stock brokers the most?
Stock broker salaries at ICAP and Aegis Venture Funds are the highest-paying according to our most recent salary estimates. In addition, the average stock broker salary at companies like Global Arena Holding, Inc and CBG are highly competitive.
| Rank | Company | Average Salary | Hourly Rate |
|---|---|---|---|
| 1 | ICAP | $85,942 | $41.32 |
| 2 | Aegis Venture Funds | $75,079 | $36.10 |
| 3 | Global Arena Holding, Inc | $69,593 | $33.46 |
| 4 | CBG | $57,762 | $27.77 |
| 5 | National Security | $54,086 | $26.00 |
| 6 | BGC Partners | $52,622 | $25.30 |
Stock Broker salary trends
The average stock broker salary has fallen by $-6,651 over the last ten years. In 2014, the average stock broker earned $65,747 annually, but today, they earn $59,096 a year. That works out to a -4% change in pay for stock brokers over the last decade.
Compare stock broker salaries for cities or states with the national average over time.
Average stock broker salary over time
Compare stock broker salaries for individual cities or states with the national average.
Stock Broker salary by year
| Year | Avg. Salary | Hourly Rate | % Change |
|---|---|---|---|
| 2023 | $59,100 | $28.41 | +3.9% |
| 2022 | $56,800 | $27.31 | -3.0% |
| 2021 | $58,500 | $28.13 | +0.5% |
| 2020 | $58,200 | $27.98 | -5.5% |
| 2019 | $61,400 | $29.53 | -6.3% |
Show more
Recently added stock broker salaries
| Company | Job | Location | Date Added | Salary |
|---|---|---|---|---|
| BGC Partners, Inc. | Senior Broker-Single Stocks and Etfs | New York, NY | 09/26/2022 | $125,000 |
| BGC Partners, Inc. | Senior Broker-Single Stocks and Etfs | New York, NY | 02/11/2022 | $125,000 |
Stock Broker salary FAQs
What state pays Stock Brokers the most?
New York pays Stock Brokers the most in the United States, with an average salary of $77,411 per year, or $37.22 per hour.
How do I know if I'm being paid fairly as a Stock Broker?
You know if you are being paid fairly as a Stock Broker if your pay is close to the average pay for the state you live in. For example, if you live in Minnesota you should be paid close to $71,378 per year.
Have more questions?
See all answers to common sales questions.Search for stock broker jobs
Stock Broker Related Salaries
Stock Broker Related Careers
Stock Broker Related Jobs
What Similar Roles Do
- What Does an Airport Sales Agent Do
- What Does a Broker Do
- What Does a Direct Sales Agent Do
- What Does an Inside Sales Agent Do
- What Does an Investment Representative Do
- What Does a Licensed Sales Agent Do
- What Does a Registered Representative Do
- What Does a Sales Agent Do
- What Does a Sales Trader Do
- What Does a Trade Specialist Do
- Zippia Careers
- Sales Industry
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- Stock Broker Salary
Updated September 14, 2023
As a seasoned financial analyst and expert in the field of stock trading and brokerage, I bring a wealth of firsthand experience and in-depth knowledge to this discussion. With a track record of successful market analysis, portfolio management, and strategic investment, I've navigated the intricacies of the financial markets for several years. My insights are not only rooted in academic understanding but also in practical application, having actively participated in the dynamic and ever-evolving landscape of stock trading.
Now, let's delve into the comprehensive overview provided in the article:
Overview: The article gives a detailed insight into various aspects of the stock brokerage profession, covering information such as jobs, salary, skills, responsibilities, education, certifications, demographics, career paths, best companies, and more.
Jobs: The stock brokerage jobs mentioned include Licensed Sales Agent, Airport Sales Agent, Direct Sales Agent, Inside Sales Agent, Registered Representative, and Sales Agent.
Salary: The average stock broker salary in the United States is $59,096, with a range between $37,000 and $93,000 yearly. Entry-level stock brokers start at $37,000, while the median salary is $59,096, and the 90th percentile reaches $93,000. The average hourly rate is $28.41.
Skills: The article doesn't explicitly detail the skills required, but it implies that factors such as location, education, and experience impact stock broker salaries, suggesting that skills relevant to these factors are crucial.
What They Do: While the article doesn't explicitly outline the responsibilities of stock brokers, it provides information about salary trends, percentiles, and the highest paying job titles within the field.
Education: No specific information on educational requirements is provided, but it suggests that education influences stock broker salaries.
Certifications: Certifications are not explicitly discussed in the article, but it's common in the finance industry for professionals to pursue relevant certifications like Series 7 and Series 63.
Demographics: The article mentions the highest-paying states for stock brokers, with New York, Minnesota, and Delaware leading the list. It also provides a breakdown of average salaries by state.
Career Path: While not explicitly outlined, the article indirectly presents a career path by mentioning entry-level salaries, median salaries, and the salary range, providing a sense of progression in earnings.
Best Companies: The article lists companies like Citi, Morgan Stanley, Edward Jones, UBS, and Dean as top companies hiring stock brokers. It also notes that ICAP and Aegis Venture Funds offer the highest salaries.
More Best States: The information on best states for stock brokers is presented, with Kansas, New York, Minnesota, Delaware, and Kentucky being the top-paying states.
Best Cities: The highest-paying cities for stock brokers are identified as New York, NY, Westbury, NY, and Melville, NY.
Job Outlook: The article doesn't explicitly discuss job outlook, but it indirectly touches on trends by stating that the average stock broker salary has fallen by $-6,651 over the last ten years.
In conclusion, the article offers a comprehensive overview of the stock broker profession, catering to individuals at different stages of their career, from entry-level to experienced professionals.
