Commodity broker vs broker

The differences between commodity brokers and brokers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a broker has an average salary of $124,861, which is higher than the $63,317 average annual salary of a commodity broker.

The top three skills for a commodity broker include commodities, market analysis and risk management. The most important skills for a broker are brokerage, financial services, and insurance products.

Commodity broker vs broker overview

	Commodity Broker	Broker
Yearly salary	$63,317	$124,861
Hourly rate	$30.44	$60.03
Growth rate	10%	5%
Number of jobs	1,937	2,770
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 77%	Bachelor's Degree, 66%
Average age	43	49
Years of experience	-	-

Commodity broker vs broker salary

Commodity brokers and brokers have different pay scales, as shown below.

	Commodity Broker	Broker
Average salary	$63,317	$124,861
Salary range	Between $39,000 And $102,000	Between $68,000 And $227,000
Highest paying City	New York, NY	New York, NY
Highest paying state	New York	New York
Best paying company	ICAP	Child Guidance & Family Solutions
Best paying industry	Finance	Insurance

Differences between commodity broker and broker education

There are a few differences between a commodity broker and a broker in terms of educational background:

	Commodity Broker	Broker
Most common degree	Bachelor's Degree, 77%	Bachelor's Degree, 66%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Southern California

Commodity broker vs broker demographics

Here are the differences between commodity brokers' and brokers' demographics:

	Commodity Broker	Broker
Average age	43	49
Gender ratio	Male, 82.6% Female, 17.4%	Male, 63.8% Female, 36.2%
Race ratio	Black or African American, 5.7% Unknown, 4.1% Hispanic or Latino, 12.0% Asian, 9.8% White, 68.2% American Indian and Alaska Native, 0.2%	Black or African American, 5.3% Unknown, 4.3% Hispanic or Latino, 13.2% Asian, 6.9% White, 70.1% American Indian and Alaska Native, 0.3%
LGBT Percentage	6%	13%

Differences between commodity broker and broker duties and responsibilities

Commodity broker example responsibilities.

Manage and execute physical/financial grains book as well as base metal arbitrage portfolio.
Trade on the NYFE, CME, and CBOT exchanges.
Provide research and analysis of prospective exchange trade funds for listing on the AMEX.
Support the firm's compliance director with records verification pertaining to audits, inquiries, and questions concerning NYSE floor operations.
Reorganize the UBS NYSE floor structure utilizing state-of-the-art technology and consolidating booth spaces.
Solicit profitable freight brokerage business by marketing transportation capability via direct sales calls, telephone and direct mail marketing activity.

Broker example responsibilities.

Manage, lease and sell office condominiums on site.
Retail trader, fix income securities; manage client account activity; properly allocate client funds to appropriate investment options
Manage indexes, options, foreign equities, and short-selling positions that are compatible with clients' long-term investment goals.
Expand and maintain professional relationships with trading accounts including banks, hedge funds and portfolio managers.
Specialize in finding undervalue and/or overbought commodities by using fundamental and technical analysis that exist throughout the markets.
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Commodity broker vs broker skills

Common commodity broker skills

Commodities, 17%
Market Analysis, 8%
Risk Management, 5%
Technical Analysis, 4%
Client Accounts, 4%
NFA, 4%

Common broker skills

Brokerage, 17%
Financial Services, 9%
Insurance Products, 7%
Risk Management, 6%
Client Relationships, 6%
Real Estate Transactions, 5%