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What Is the Average Salary for a Stockbroker?

What Is the Average Salary for a Stockbroker? thumbnail
Stockbroker salaries vary.

A stockbroker works with individuals devising an investment plan to help them meet their financial needs and goals. Among the factors that significantly influence a stockbroker's salary are experience and employment location.

  1. Annual Salary

    • According to the Bureau of Labor and Statistics (BLS), in the United States, the middle 50 percent of the stockbrokers earn an average of $66,930 per year. The top 25 percent earn $118,640 and the bottom 25 percent earn $39,310. These figures are from May 2009 reports.

    Salary by Experience

    • According to PayScale, a stockbroker can expect to earn a median yearly salary of $29,748 to $48,605 during his first year in the profession. He has the potential to earn a median salary between $35,180 and $47,973 with one to four years of experience. With five to nine years of experience, the median salary increases to $40,867 to $70,214 and the range is $39,635 to $101,736 with 10 to 19 years of experience. With 20 or more years of experience, a stockbroker has the potential to earn between $44,132 and $122,084 per year, as of October 2010.

    Top-Paying States

    • May 2009 reports from the BLS show that Connecticut is one of the higher-paying states for this profession; the average salary is $161,110 annually. This equates to $77.46 per hour. Other top-paying states are New York, Maine, District of Columbia, and Kansas.

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  • Photo Credit new york stock exchange image by Gary from Fotolia.com

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