Post job

Floor broker vs bond broker

The differences between floor brokers and bond brokers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a floor broker and a bond broker. Additionally, a floor broker has an average salary of $70,084, which is higher than the $64,594 average annual salary of a bond broker.

The top three skills for a floor broker include customer orders, NYSE and order flow. The most important skills for a bond broker are bonds, securities, and fixed income.

Floor broker vs bond broker overview

Floor BrokerBond Broker
Yearly salary$70,084$64,594
Hourly rate$33.69$31.05
Growth rate10%10%
Number of jobs18,0971,863
Job satisfaction--
Most common degreeBachelor's Degree, 82%Bachelor's Degree, 83%
Average age4343
Years of experience66

Floor broker vs bond broker salary

Floor brokers and bond brokers have different pay scales, as shown below.

Floor BrokerBond Broker
Average salary$70,084$64,594
Salary rangeBetween $41,000 And $117,000Between $39,000 And $105,000
Highest paying City--
Highest paying state--
Best paying company--
Best paying industry--

Differences between floor broker and bond broker education

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

Floor BrokerBond Broker
Most common degreeBachelor's Degree, 82%Bachelor's Degree, 83%
Most common majorFinanceBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Floor broker vs bond broker demographics

Here are the differences between floor brokers' and bond brokers' demographics:

Floor BrokerBond Broker
Average age4343
Gender ratioMale, 89.7% Female, 10.3%Male, 87.7% Female, 12.3%
Race ratioBlack or African American, 5.8% Unknown, 4.1% Hispanic or Latino, 12.2% Asian, 10.2% White, 67.4% American Indian and Alaska Native, 0.2%Black or African American, 5.7% Unknown, 4.1% Hispanic or Latino, 12.1% Asian, 9.1% White, 68.8% American Indian and Alaska Native, 0.2%
LGBT Percentage6%6%

Differences between floor broker and bond broker duties and responsibilities

Floor broker example responsibilities.

  • Retail trader, fix income securities; manage client account activity; properly allocate client funds to appropriate investment options
  • Specialize in both equities and list option trading.
  • Participate in stock index futures arbitrage program between NY and Chicago.
  • Trade proprietary money for commodities clearing house in all commodities and equities markets.
  • Well verse in the pricing and valuation of derivative securities with a strong knowledge of mathematical and statistical analysis.
  • Arbitrage duties: receive, collate, and process orders from firms and traders that brokers execute in the pit.
  • Show more

Bond broker example responsibilities.

  • Retail trader, fix income securities; manage client account activity; properly allocate client funds to appropriate investment options
  • Track equities of convertible issues for identification of arbitrage opportunities.
  • Solicit profitable freight brokerage business by marketing transportation capability via direct sales calls, telephone and direct mail marketing activity.
  • Execute large volume of retail orders (OTC, list and add lots).

Floor broker vs bond broker skills

Common floor broker skills
  • Customer Orders, 16%
  • NYSE, 14%
  • Order Flow, 13%
  • Client Relations, 6%
  • Institutional Clients, 5%
  • Market Trends, 4%
Common bond broker skills
  • Bonds, 27%
  • Securities, 12%
  • Fixed Income, 11%
  • Treasury, 9%
  • Portfolio, 6%
  • Bloomberg, 6%