Floor broker education requirements

Updated January 8, 2025

4 min read

There are several educational requirements to become a floor broker. Floor brokers usually study finance, business, or economics. 82% of floor brokers hold a bachelor's degree, and 6% hold an associate degree. We analyzed 343 real floor broker resumes to see exactly what floor broker education sections show.

The most common colleges for floor brokers are the University of Illinois at Chicago and the University of Illinois at Chicago.

There are also many online floor broker courses to help get the education required to be a floor broker.

What education do you need to become a floor broker?

What degree do you need to be a floor broker?

The most common degree for floor brokers is bachelor's degree, with 82% of floor brokers earning that degree. The second and third most common degree levels are associate degree degree at 6% and associate degree degree at 5%.

Bachelor's, 82%

Associate, 6%

High School Diploma, 5%

Master's, 5%

Other Degrees, 2%

What should I major in to become a floor broker?

You should major in finance to become a floor broker. 23% of floor brokers major in finance. Other common majors for a floor broker include business and economics.

Finance, 23%

Business, 23%

Economics, 13%

Marketing, 7%

Other Majors, 34%

Most common colleges for floor brokers

Floor brokers often get their degrees at University of Illinois at Chicago, Iona College, and New York University. Here are the most common colleges for floor brokers in the US based on their resumes.

Floor broker common college	Percentages
University of Illinois at Chicago	13.11%
Iona College	11.48%
New York University	8.20%
Northeastern University	6.56%
University of Illinois at Urbana-Champaign	4.92%

Show more common floor broker colleges

Best majors for floor brokers

Rank	Major	Percentages
1	Finance	23.2%
2	Business	23.2%
3	Economics	12.8%
4	Marketing	6.7%
5	Political Science	6.1%

Show more common floor broker majors

Best colleges for floor brokers

The best colleges for floor brokers are Northwestern University, University of Pennsylvania, and Stanford University.

A floor 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 floor 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 floor 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. University of Southern California

Los Angeles, CA • Private

In-state tuition

$56,225

Enrollment

19,548

4. SUNY at Binghamton

Vestal, NY • Private

In-state tuition

$9,808

Enrollment

13,990

5. Villanova University

Villanova, PA • Private

In-state tuition

$53,308

Enrollment

6,819

6. San Diego State University

San Diego, CA • Private

In-state tuition

$7,488

Enrollment

30,018

7. Bentley University

Waltham, MA • Private

In-state tuition

$49,880

Enrollment

4,177

8. Boston University

Boston, MA • Private

In-state tuition

$53,948

Enrollment

17,238

9. SUNY Stony Brook

Stony Brook, NY • Private

In-state tuition

$9,625

Enrollment

17,407

10. New York University

New York, NY • Private

In-state tuition

$51,828

Enrollment

26,339

20 best online courses for floor brokers

Advertising disclosure

1. Futures/Commodity Trading

4.3

(253)

Learn how to trade futures/commodities like a Pro!...

2. Financial Derivatives, Futures and Options - Applied Course

4.5

(435)

Learn Derivatives from Real Data on NSE; A Risk Management Approach; Covers Stock Futures & Options, Commodities...

3. Create Your Own Hedge Fund: Trade Stocks Like A Fund Manager

4.9

(745)

Learn How To Trade Mean-Reversion Setups And Properly Leverage Your Account For Big Returns...

4. Customer Service & Support For Customer Service Executives

4.5

(941)

Learn Customer Service Skills & Provide Excellent Customer Support, Customer Experience & How To Manage Upset Customers...

5. Customer Service, Customer Support, And Customer Experience

4.6

(2,666)

Customer service, customer support, and customer experience training. Loyal clients through world-class customer service...

6. Start Trading Stocks Using Technical Analysis!

4.6

(6,159)

Learn the secrets of professional trading from a former stock broker, and make profits investing today!...

7. Start Trading Stocks Using Technical Analysis! Part 2

4.5

(1,507)

Learn the secrets of professional trading from a former stock broker, and make profits investing today!...

8. Day Trading and Swing Trading Futures with Price Action.

4.6

(713)

Reduce risk day trading futures, swing trading futures or any financial trading using price action...

9. Live Stock Trading Course: Beginner to Pro

4.6

(2,075)

Learn how to Day and Swing Trade with LIVE examples...

10. Introduction to Futures & Options

4.4

(1,132)

Derivatives Options Futures Hedging Speculation Puts Calls Risk Management OTC Option Pricing...

11. Business Communication Skills: Handling Clients & Customers

4.4

(1,161)

Soft Skills Training Social Skills Business Etiquette Business English Customer Service Training...

12. Algorithmic Trading using Interactive Broker's Python API

4.5

(1,205)

Implement algorithmic trading strategies on Interactive Broker's platform...

13. Customer Service Mastery: Delight Every Customer

4.7

(18,204)

Master Customer Service using this practical customer care course...

14. Advance Stock Options Trading Strategies (5 Courses) 10+Hour

4.5

(287)

Profitable Options Trading Strategies For Trading Stock Options, Call & Put Using Technical Analysis w/ Risk Management...

15. Customer Service

4.6

(11,267)

How to Approach New Customers and Maintain Existing Ones...

16. Customer Service Fundamentals: Putting People First

4.4

(313)

Customer Care Listening Great Customer Service Concern for Others Company Culture Engaging People Responding...

17. Customer Service Foundation

4.5

(290)

An introductory course about understanding the foundations of Customer Service...

18. SAP Customer Service (CS/SM) - Service Management module

4.4

(960)

Real World SAP CS and SD, Repair Orders, Service Orders, Service Contracts...

19. The Complete Foundation Stock Trading Course

4.6

(52,217)

Learn To Trade The Stock Market. #1 Trading course. Inc: Technical Analysis, Candlesticks, Stocks, Day Trading +++...

20. Stock Market Trading & Investing: 8 Courses In 1 Bundle!

4.7

(365)

Stock Market Foundation, Dividend Stocks, Undervalued Stocks, Picking Stocks, Technical Analysis, Stock Orders, Funds.....

Top 10 most affordable universities for floor brokers

The most affordable schools for floor brokers are Baruch College of the City University of New York, suny farmingdale, and usf sarasota-manatee.

If the best universities for floor 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 floor 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. SUNY Farmingdale

Farmingdale, NY • Private

In-state tuition

$8,306

Cost of attendance

16,091

3. USF Sarasota-Manatee

Sarasota, FL • Private

In-state tuition

$5,587

Cost of attendance

13,043

4. Brooklyn College of the City University of New York

Brooklyn, NY • Private

In-state tuition

$7,240

Cost of attendance

13,991

5. California State University - Dominguez Hills

Carson, CA • Private

In-state tuition

$6,942

Cost of attendance

14,469

6. Brigham Young University

Provo, UT • Private

In-state tuition

$5,620

Cost of attendance

18,136

7. California State University - Bakersfield

Bakersfield, CA • Private

In-state tuition

$7,309

Cost of attendance

16,714

8. University of Florida

Gainesville, FL • Private

In-state tuition

$6,381

Cost of attendance

21,034

9. Florida International University

Miami, FL • Private

In-state tuition

$6,556

Cost of attendance

19,434

10. University of Puerto Rico - Mayaguez

Mayaguez, PR • Private

In-state tuition

$4,094

Cost of attendance

14,302

Top 10 hardest universities to get into for floor brokers

The hardest universities for floor brokers to get into are Northwestern University, University of Pennsylvania, and Stanford University.

Some great schools for floor 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 floor 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. Northwestern University

Evanston, IL • Private

Admissions rate

SAT average

1,508

2. University of Pennsylvania

Philadelphia, PA • Private

Admissions rate

SAT average

1,492

3. Stanford University

Stanford, CA • Private

Admissions rate

SAT average

1,497

4. University of Southern California

Los Angeles, CA • Private

Admissions rate

13%

SAT average

1,445

5. Boston University

Boston, MA • Private

Admissions rate

22%

SAT average

1,420

6. New York University

New York, NY • Private

Admissions rate

20%

SAT average

1,419

7. Villanova University

Villanova, PA • Private

Admissions rate

29%

SAT average

1,407

8. Vanderbilt University

Nashville, TN • Private

Admissions rate

10%

SAT average

1,514

9. Bentley University

Waltham, MA • Private

Admissions rate

43%

SAT average

1,338

10. George Washington University, The

Washington, DC • Private

Admissions rate

42%

SAT average

1,380

Top 10 easy-to-apply-to universities for floor brokers

The easiest schools for floor brokers to get into are Oklahoma Wesleyan University, holy names university, and barry university.

Some schools are much easier to get into. If you want to start your career as a floor 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 floor brokers.

1. Oklahoma Wesleyan University

Bartlesville, OK • Private

Admissions rate

68%

SAT average

964

2. Holy Names University

Oakland, CA • Private

Admissions rate

70%

SAT average

849

3. Barry University

Miami, FL • Private

Admissions rate

91%

SAT average

1,006

4. Notre Dame College

Cleveland, OH • Private

Admissions rate

90%

SAT average

994

5. University of North Texas at Dallas

Dallas, TX • Private

Admissions rate

83%

SAT average

992

6. La Roche College

Pittsburgh, PA • Private

Admissions rate

99%

SAT average

1,008

7. Holy Family University

Philadelphia, PA • Private

Admissions rate

72%

SAT average

1,017

8. Saint Joseph's College of Maine

Standish, ME • Private

Admissions rate

84%

SAT average

1,069

9. Ottawa University

Ottawa, KS • Private

Admissions rate

78%

SAT average

1,024

10. LIM College

New York, NY • Private

Admissions rate

83%

SAT average

1,061

Average floor broker salary by education level

According to our data, floor brokers with a Master's degree earn the highest average salary, at $87,590 annually. Floor brokers with a Doctorate degree earn an average annual salary of $79,153.

Floor broker education level	Floor broker salary
Master's Degree	$87,590
Bachelor's Degree	$69,996
Doctorate Degree	$79,153

Floor broker education FAQs

What is the best college for Floor Brokers?

Have more questions? See all answers to common sales questions.

Search for floor broker jobs

Updated January 8, 2025

Zippia Team

Editorial Staff

The Zippia Research Team has spent countless hours reviewing resumes, job postings, and government data to determine what goes into getting a job in each phase of life. Professional writers and data scientists comprise the Zippia Research Team.

Updated January 8, 2025

Browse sales jobs