Average stock broker salary
$59,096
$28.41 hourly rate
Entry-level stock broker salary
$37,000 yearly salary
Updated April 25, 2024
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.
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Where can a Stock Broker earn more?
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ICAP$85,942
BGC Partners$52,622
Stock Broker salary estimates from across the web
Based on the latest salary information compiled by Zippia, Salary.com, Ziprecruiter, SalaryExpert, Comparably and Payscale, the average salary for a stock broker typically falls between $59,096 and $94,468.
Average stock broker salary by state
The highest-paying states for stock brokers are New York, Minnesota, and Delaware. The lowest average stock broker salary states are Alabama, Mississippi, and Idaho.
- State View
- County View
Average Salary:
Highest paying states for stock brokers
| Rank | State | Avg. Salary | Hourly Rate |
|---|---|---|---|
| 1 | Kansas | $60,735 | $29.20 |
| 2 | New York | $77,411 | $37.22 |
| 3 | Minnesota | $71,378 | $34.32 |
| 4 | Kentucky | $55,936 | $26.89 |
| 5 | Delaware | $66,570 | $32.00 |
| 6 | Missouri | $55,165 | $26.52 |
| 7 | Pennsylvania | $58,070 | $27.92 |
| 8 | Rhode Island | $60,641 | $29.15 |
| 9 | North Carolina | $57,838 | $27.81 |
| 10 | Tennessee | $52,974 | $25.47 |
| 11 | New Jersey | $62,408 | $30.00 |
| 12 | Ohio | $52,741 | $25.36 |
| 13 | Connecticut | $57,289 | $27.54 |
| 14 | Illinois | $55,816 | $26.83 |
| 15 | North Dakota | $52,565 | $25.27 |
| 16 | Arkansas | $49,836 | $23.96 |
| 17 | Indiana | $52,267 | $25.13 |
| 18 | Virginia | $58,447 | $28.10 |
| 19 | Texas | $52,597 | $25.29 |
| 20 | New Hampshire | $52,431 | $25.21 |
| 21 | Louisiana | $50,574 | $24.31 |
| 22 | Utah | $50,622 | $24.34 |
| 23 | South Dakota | $50,875 | $24.46 |
| 24 | West Virginia | $48,869 | $23.49 |
| 25 | Oklahoma | $48,511 | $23.32 |
| 26 | Nebraska | $50,927 | $24.48 |
| 27 | South Carolina | $49,788 | $23.94 |
| 28 | Michigan | $48,526 | $23.33 |
| 29 | Maryland | $55,954 | $26.90 |
| 30 | Wisconsin | $49,401 | $23.75 |
| 31 | Georgia | $50,486 | $24.27 |
| 32 | Massachusetts | $54,276 | $26.09 |
| 33 | Montana | $44,917 | $21.59 |
| 34 | Maine | $46,061 | $22.14 |
| 35 | Alabama | $44,746 | $21.51 |
| 36 | Mississippi | $44,553 | $21.42 |
| 37 | Iowa | $45,913 | $22.07 |
| 38 | District of Columbia | $56,140 | $26.99 |
| 39 | Colorado | $50,408 | $24.23 |
| 40 | Washington | $51,483 | $24.75 |
| 41 | Hawaii | $43,188 | $20.76 |
| 42 | California | $51,151 | $24.59 |
| 43 | Nevada | $47,808 | $22.98 |
| 44 | New Mexico | $46,991 | $22.59 |
| 45 | Alaska | $48,502 | $23.32 |
| 46 | Wyoming | $43,678 | $21.00 |
| 47 | Arizona | $47,345 | $22.76 |
| 48 | Oregon | $47,636 | $22.90 |
| 49 | Idaho | $44,396 | $21.34 |
| 50 | Vermont | $47,368 | $22.77 |
| 51 | Florida | $39,915 | $19.19 |
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 |
|---|---|---|---|
| 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 |
Wage gap by gender, race and education
$57,000$55,800$54,600$53,400$52,200$51,000
MaleFemale
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 |
|---|---|---|---|
| 2024 | $59,100 | $28.41 | +3.9% |
| 2023 | $56,800 | $27.31 | -3.0% |
| 2022 | $58,500 | $28.13 | +0.5% |
| 2021 | $58,200 | $27.98 | -5.5% |
| 2020 | $61,400 | $29.53 | -6.3% |
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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
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Updated April 25, 2024
