Stock Broker Salaries
Working as a stock broker requires special knowledge and exam-based licensing and registration with the federal government. Although the field can be tumultuous, it is also lucrative, with substantial job growth expected. Stock brokers also have the opportunity to earn large performance-based commissions on top of their salaries.
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Median Salary
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Salary.com reports that the median salary for stock brokers working in the United States in 2009 is $54,513 per year. The bottom 10th of earners made under $40,912 while the highest 10th made more than $63,111. Indeed.com, which calculates salary averages based on the jobs listed in its directory, placed the median annual salary lower as of September 2009, at $39,000, but charted higher averages than this for most of the previous year.
Bonuses
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Salary.com also provides information about bonuses, which significantly fatten the salary of a stock broker. The median amount of bonuses for a United States stock broken in 2009 was $2,542. With bonuses, the middle 80 percent earn between $47,018 and $73,736 annually.
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Benefits
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Stock broker positions often come with significant benefits packages as well. Including health care and disability, retirement funds, and time off, the total median value of a stock broker's compensation is $79,853.
Starting Salary
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The starting salary for a position as a stock broker is significantly lower than the salary of a stock broker with years of experiences. Payscale.com estimates that the median salary range of a stock broker with less than one year of experience will be $26,451 to $49,132 per year. For more experienced stock brokers, annual salaries can reach $97,211.
Other Factors
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Along with years of experience, a number of other factors will affect a stock broker's salary, such as the size of the company their credentials. There are also significant differences between the salaries of stock brokers by region, and there is a significant disparity between how much female and male stock brokers earn.
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