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The differences between associate brokers and managing brokers can be seen in a few details. Each job has different responsibilities and duties. Additionally, an associate broker has an average salary of $64,361, which is higher than the $61,806 average annual salary of a managing broker.
The top three skills for an associate broker include excellent client, real estate sales and financial resources. The most important skills for a managing broker are MLS, real estate brokerage, and real estate sales.
| Associate Broker | Managing Broker | |
| Yearly salary | $64,361 | $61,806 |
| Hourly rate | $30.94 | $29.71 |
| Growth rate | 5% | 5% |
| Number of jobs | 8,836 | 7,017 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 65% |
| Average age | 49 | 49 |
| Years of experience | - | - |
Associate brokers and managing brokers have different pay scales, as shown below.
| Associate Broker | Managing Broker | |
| Average salary | $64,361 | $61,806 |
| Salary range | Between $38,000 And $106,000 | Between $41,000 And $92,000 |
| Highest paying City | New York, NY | - |
| Highest paying state | New York | - |
| Best paying company | Cushman & Wakefield | - |
| Best paying industry | Finance | - |
There are a few differences between an associate broker and a managing broker in terms of educational background:
| Associate Broker | Managing Broker | |
| Most common degree | Bachelor's Degree, 65% | Bachelor's Degree, 65% |
| Most common major | Business | Business |
| Most common college | University of Southern California | University of Southern California |
Here are the differences between associate brokers' and managing brokers' demographics:
| Associate Broker | Managing Broker | |
| Average age | 49 | 49 |
| Gender ratio | Male, 52.5% Female, 47.5% | Male, 59.5% Female, 40.5% |
| Race ratio | Black or African American, 5.3% Unknown, 4.3% Hispanic or Latino, 13.3% Asian, 6.9% White, 69.8% American Indian and Alaska Native, 0.3% | Black or African American, 5.4% Unknown, 4.3% Hispanic or Latino, 13.4% Asian, 6.9% White, 69.7% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 13% | 13% |