1. University of Southern California
Los Angeles, CA • Private
Find Specific Jobs
There are certain skills that many brokers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed business skills, problem-solving skills and interpersonal skills.
If you're interested in becoming a broker, one of the first things to consider is how much education you need. We've determined that 65.9% of brokers have a bachelor's degree. In terms of higher education levels, we found that 8.7% of brokers have master's degrees. Even though most brokers have a college degree, it's possible to become one with only a high school degree or GED.
In addition to switching up your job search, it might prove helpful to look at a career path for your specific job. Now, what's a career path you ask? Well, it's practically a map that shows how you might advance from one job title to another. Our career paths are especially detailed with salary changes. So, for example, if you started out with the role of account executive you might progress to a role such as manager eventually. Later on in your career, you could end up with the title regional property manager.
What Am I Worth?
The role of a broker includes a wide range of responsibilities. These responsibilities can vary based on an individual's specific job, company, or industry.Here are some general broker responsibilities:
There are several types of broker, including:
Mouse over a state to see the number of active broker jobs in each state. The darker areas on the map show where brokers earn the highest salaries across all 50 states.
|Rank||State||Number of Jobs||Average Salary|
Los Angeles, CA • Private
Philadelphia, PA • Private
Evanston, IL • Private
Villanova, PA • Private
San Diego, CA • Private
Stanford, CA • Private
Waltham, MA • Private
New York, NY • Private
Tempe, AZ • Private
Cambridge, MA • Private
The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 16.7% of brokers listed brokerage on their resume, but soft skills such as business skills and problem-solving skills are important as well.
Zippia allows you to choose from different easy-to-use Broker templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Broker resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.
After extensive research and analysis, Zippia's data science team found that:
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Some places are better than others when it comes to starting a career as a broker. The best states for people in this position are New York, Virginia, Arizona, and North Carolina. Brokers make the most in New York with an average salary of $154,924. Whereas in Virginia and Arizona, they would average $140,118 and $137,645, respectively. While brokers would only make an average of $131,867 in North Carolina, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.
1. New York
3. North Carolina
|Rank||Company||Average Salary||Hourly Rate||Job Openings|
|5||Traditions of America||$154,577||$74.32||22|
|8||Century 21 Stores||$132,124||$63.52||11|
A broker is a person who represents the parties in a transaction and is licensed to own a firm, while a salesperson is a professional who is licensed to sell products while representing a brokerage firm.
A fiduciary is a person that acts in the best interest of their clients, avoids conflicts of interest, and can only buy or sell investments that are in the best interest of their clients. While a broker can recommend investments that they reasonably believe are suitable.
An investment advisor dispenses investment advice catered towards individual clients' needs and investment accounts, while a broker dealer is in the business of trading securities for its own account or on behalf of its customers.
A broker associate is an individual licensed as a real estate broker, but who works as a salesperson under a broker or corporation, while a broker is an individual or firm that acts as an intermediary between an investor and a securities exchange.
A broker is an individual or a financial service company that provides the service of enabling the trading of securities for other individuals, while a dealer is an individual or a financial service company that enables the trading of securities for themselves.
A freight forwarder arranges the shipping of freight for customers, while a broker or freight broker coordinates the connection between shippers and carriers but does not handle freight directly.
An insurance agent is an insurance professional who sells insurance plans to buyers, while a broker is an independent insurance specialist who legally represents buyers.
An insurance agent works for an insurance company and sells that company's insurance products to customers. Insurance agents provide information about available policies from the insurance company to insurance buyers. They have contractual agreements with their company specifying policies they can sell and the compensation the agent receives.
A loan officer works for a bank, credit union, or financial institution and will offer programs or rates that are available from that institution only, while a broker works on the borrower's behalf to find the best rate and loan options from multiple institutions.