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Commission broker education requirements
Updated January 8, 2025
4 min read
There are several educational requirements to become a commission broker. Commission brokers usually study business, accounting, or computer engineering. 57% of commission brokers hold a bachelor's degree, and 14% hold an associate degree. We analyzed 62 real commission broker resumes to see exactly what commission broker education sections show.
The most common colleges for commission brokers are the Rutgers, The State University of New Jersey and the Rutgers, The State University of New Jersey.
There are also many online commission broker courses to help get the education required to be a commission broker.
What education do you need to become a commission broker?
What degree do you need to be a commission broker?
- Bachelor's, 57%
- Associate, 14%
- Master's, 10%
- Diploma, 5%
- Other Degrees, 14%
What should I major in to become a commission broker?
- Business, 19%
- Accounting, 14%
- Computer Engineering, 10%
- Marketing, 7%
- Other Majors, 50%
Most common colleges for commission brokers
| Commission broker common college | Percentages |
|---|---|
| Rutgers, The State University of New Jersey | 9.09% |
| Santa Barbara Business College - Bakersfield | 9.09% |
| Western Kentucky University | 4.55% |
| Peirce College | 4.55% |
| Northeastern Illinois University | 4.55% |
Best majors for commission brokers
| Rank | Major | Percentages |
|---|---|---|
| 1 | Business | 19.0% |
| 2 | Accounting | 14.3% |
| 3 | Computer Engineering | 9.5% |
| 4 | Marketing | 7.1% |
| 5 | General Studies | 4.8% |
Best colleges for commission brokers
The best colleges for commission brokers are University of Pennsylvania, Northwestern University, and Vanderbilt University.
A commission broker with advanced education typically earns a higher salary and has access to better jobs. That's why Zippia looked into the best colleges for commission brokers. We based this list on several metrics: admissions rate, retention rate, mean earnings of graduates, the ratio of working vs. non-working students ten years after admission, the average cost of attendance, and median debt for graduates who become commission brokers.
1. University of Pennsylvania
Philadelphia, PA • Private
In-state tuition
$55,584
Enrollment
10,764
2. Northwestern University
Evanston, IL • Private
In-state tuition
$54,568
Enrollment
8,451
3. New York University
New York, NY • Private
In-state tuition
$51,828
Enrollment
26,339
4. University of Minnesota - Twin Cities
Minneapolis, MN • Private
In-state tuition
$14,760
Enrollment
31,451
5. University of Illinois at Urbana-Champaign
Champaign, IL • Private
In-state tuition
$15,094
Enrollment
32,974
6. University of Wisconsin - Madison
Madison, WI • Private
In-state tuition
$10,555
Enrollment
30,360
7. University of Maryland - College Park
College Park, MD • Private
In-state tuition
$10,595
Enrollment
30,184
8. Clemson University
Clemson, SC • Private
In-state tuition
$15,374
Enrollment
19,564
9. University of Southern California
Los Angeles, CA • Private
In-state tuition
$56,225
Enrollment
19,548
10. University of Georgia
Athens, GA • Private
In-state tuition
$11,830
Enrollment
29,474
20 best online courses for commission brokers
Advertising disclosure
1. Broker U - Gateway to Becoming a Freight Broker
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3. Audit - Financial Statement
Master the Art of Auditing Financial Statements: In-Depth Analysis, Techniques, and Real-World Case Studies...
4. Financial Statement Auditing Cycles
In this course, we learn how public accountants plan and execute an audit...
5. Algorithmic Trading using Interactive Broker's Python API
Implement algorithmic trading strategies on Interactive Broker's platform...
6. Interactive Brokers Python API - Advanced Concepts
Deep dive into interactive brokers' python API client...
7. Advanced Financial Accounting: Acquisitions & Consolidations
Acquisitions, Consolidations, and Reporting. Master complex concepts and applications...
8. How to Read Financial Statements: Build Financial Literacy.
Read financial statements and speak the language of business without the drudgery of a traditional accounting course...
9. Accounting & Financial Statement Analysis: Complete Training
Accounting & Financial Ratio Analysis made easy. Learn important accounting skills that will get your foot in the door!...
10. Financial Accounting-Adjusting Entries & Financial Statement
Master Adjusting Entries & Financial Statements: A Comprehensive Guide for Accurate Accounting and Reporting...
11. Financial Statement Analysis
Learn how to make understanding financial statements your superpower!...
12. Accounting basics, create financial statements easily
Discover, develop, practice your financial information and explore the world of accounting...
13. Customer Service & Support For Customer Service Executives
Learn Customer Service Skills & Provide Excellent Customer Support, Customer Experience & How To Manage Upset Customers...
14. Principles of Financial Accounting
Learn the complete accounting cycle -recording business transactions to presenting the Balance Sheet & Income Statement...
15. Value Investing: The Complete Financial Statement Analysis
Value Investing Mastery - How to Perform Financial Statement Analysis & Financial Ratio Analysis to Find Great Stocks...
16. Financial Statement Analysis - Ratio Analysis
Master the Art of Financial Statement Analysis: Unlocking Insights through Vertical, Horizontal, and Ratio Analysis...
17. Start Improving Customer Service
Creating a Customer Service advantage in Your department or business through communication and Customer Management...
18. Customer Service Fundamentals: Putting People First
Customer Care Listening Great Customer Service Concern for Others Company Culture Engaging People Responding...
19. Financial Accounting: The Complete Introductory Crash Course
Learn the Basics of Financial Accounting: Financial Statements, Debits and Credits, The Accounting Cycle and More!...
20. Financial Statements Analysis for absolute beginners
Understand Financial Statements and Analyze Financial Statements for Business and Financial Analysis...
Top 10 most affordable universities for commission brokers
The most affordable schools for commission brokers are Baruch College of the City University of New York, california state university - bakersfield, and california state university - long beach.
If the best universities for commission brokers are out of your price range, check out these affordable schools. After factoring in in-state tuition and fees, the average cost of attendance, admissions rate, average net price, and mean earnings after six years, we found that these are the most affordable schools for commission brokers.
1. Baruch College of the City University of New York
New York, NY • Private
In-state tuition
$7,262
Cost of attendance
14,046
2. California State University - Bakersfield
Bakersfield, CA • Private
In-state tuition
$7,309
Cost of attendance
16,714
3. California State University - Long Beach
Long Beach, CA • Private
In-state tuition
$6,798
Cost of attendance
18,306
4. SUNY Farmingdale
Farmingdale, NY • Private
In-state tuition
$8,306
Cost of attendance
16,091
5. University of Florida
Gainesville, FL • Private
In-state tuition
$6,381
Cost of attendance
21,034
6. Brigham Young University
Provo, UT • Private
In-state tuition
$5,620
Cost of attendance
18,136
7. USF Sarasota-Manatee
Sarasota, FL • Private
In-state tuition
$5,587
Cost of attendance
13,043
8. California State University - Fresno
Fresno, CA • Private
In-state tuition
$6,587
Cost of attendance
16,915
9. California State University - Dominguez Hills
Carson, CA • Private
In-state tuition
$6,942
Cost of attendance
14,469
10. Florida Atlantic University
Boca Raton, FL • Private
In-state tuition
$4,831
Cost of attendance
19,559
Top 10 hardest universities to get into for commission brokers
The hardest universities for commission brokers to get into are University of Pennsylvania, Northwestern University, and Vanderbilt University.
Some great schools for commission brokers are hard to get into, but they also set your career up for greater success. The list below shows the most challenging universities to get into for commission brokers based on an institution's admissions rates, average SAT scores accepted, median ACT scores accepted, and mean earnings of students six years after admission.
1. University of Pennsylvania
Philadelphia, PA • Private
Admissions rate
8%
SAT average
1,492
2. Northwestern University
Evanston, IL • Private
Admissions rate
8%
SAT average
1,508
3. Vanderbilt University
Nashville, TN • Private
Admissions rate
10%
SAT average
1,514
4. New York University
New York, NY • Private
Admissions rate
20%
SAT average
1,419
5. University of Southern California
Los Angeles, CA • Private
Admissions rate
13%
SAT average
1,445
6. Columbia University in the City of New York
New York, NY • Private
Admissions rate
6%
SAT average
1,512
7. Washington University in St Louis
Saint Louis, MO • Private
Admissions rate
15%
SAT average
1,506
8. Boston University
Boston, MA • Private
Admissions rate
22%
SAT average
1,420
9. Johns Hopkins University
Baltimore, MD • Private
Admissions rate
11%
SAT average
1,513
10. Harvard University
Cambridge, MA • Private
Admissions rate
5%
SAT average
1,520
Top 10 easy-to-apply-to universities for commission brokers
The easiest schools for commission brokers to get into are Barry University, mount saint mary's university, and gwynedd mercy university.
Some schools are much easier to get into. If you want to start your career as a commission broker without much hassle, check out the list of schools where you will be accepted in no time. We compiled admissions rates, average SAT scores, average ACT scores, and average salary of students six years after graduation to uncover which were the easiest schools to get into for commission brokers.
1. Barry University
Miami, FL • Private
Admissions rate
91%
SAT average
1,006
2. Mount Saint Mary's University
Los Angeles, CA • Private
Admissions rate
84%
SAT average
1,031
3. Gwynedd Mercy University
Gwynedd Valley, PA • Private
Admissions rate
92%
SAT average
1,031
4. Oklahoma Wesleyan University
Bartlesville, OK • Private
Admissions rate
68%
SAT average
964
5. Notre Dame de Namur University
Belmont, CA • Private
Admissions rate
82%
SAT average
983
6. Notre Dame College
Cleveland, OH • Private
Admissions rate
90%
SAT average
994
7. University of the Incarnate Word
San Antonio, TX • Private
Admissions rate
88%
SAT average
1,044
8. Holy Names University
Oakland, CA • Private
Admissions rate
70%
SAT average
849
9. Curry College
Milton, MA • Private
Admissions rate
93%
SAT average
1,026
10. Felician University
Lodi, NJ • Private
Admissions rate
81%
SAT average
999
Average commission broker salary by education level
| Commission broker education level | Commission broker salary |
|---|---|
| Master's Degree | $67,761 |
| High School Diploma or Less | $47,075 |
| Bachelor's Degree | $61,131 |
| Doctorate Degree | $65,215 |
| Some College/ Associate Degree | $48,787 |
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Updated January 8, 2025
Updated January 8, 2025