Floor broker vs broker

The differences between floor 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 $70,084 average annual salary of a floor broker.

The top three skills for a floor broker include customer orders, NYSE and order flow. The most important skills for a broker are brokerage, financial services, and insurance products.

Floor broker vs broker overview

	Floor Broker	Broker
Yearly salary	$70,084	$124,861
Hourly rate	$33.69	$60.03
Growth rate	10%	5%
Number of jobs	18,097	2,770
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 82%	Bachelor's Degree, 66%
Average age	43	49
Years of experience	6	-

Floor broker vs broker salary

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

	Floor Broker	Broker
Average salary	$70,084	$124,861
Salary range	Between $41,000 And $117,000	Between $68,000 And $227,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	Child Guidance & Family Solutions
Best paying industry	-	Insurance

Differences between floor broker and broker education

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

	Floor Broker	Broker
Most common degree	Bachelor's Degree, 82%	Bachelor's Degree, 66%
Most common major	Finance	Business
Most common college	University of Pennsylvania	University of Southern California

Floor broker vs broker demographics

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

	Floor Broker	Broker
Average age	43	49
Gender ratio	Male, 89.7% Female, 10.3%	Male, 63.8% Female, 36.2%
Race ratio	Black 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, 5.3% 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 floor broker and 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.

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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Floor broker vs broker skills

Common floor broker skills

Customer Orders, 16%
NYSE, 14%
Order Flow, 13%
Client Relations, 6%
Institutional Clients, 5%
Market Trends, 4%

Common broker skills

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