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Floor broker vs commissioner

The differences between floor brokers and commissioners can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a floor broker, becoming a commissioner takes usually requires More than 10 years. Additionally, a commissioner has an average salary of $93,603, 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 commissioner are oversight, public policy, and public safety.

Floor broker vs commissioner overview

Floor BrokerCommissioner
Yearly salary$70,084$93,603
Hourly rate$33.69$45.00
Growth rate10%6%
Number of jobs18,097122
Job satisfaction--
Most common degreeBachelor's Degree, 82%Bachelor's Degree, 62%
Average age4352
Years of experience6-

Floor broker vs commissioner salary

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

Floor BrokerCommissioner
Average salary$70,084$93,603
Salary rangeBetween $41,000 And $117,000Between $55,000 And $158,000
Highest paying City-Santa Rosa, CA
Highest paying state-California
Best paying company-Public Health - Dayton & Montgomery County
Best paying industry-Government

Differences between floor broker and commissioner education

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

Floor BrokerCommissioner
Most common degreeBachelor's Degree, 82%Bachelor's Degree, 62%
Most common majorFinanceBusiness
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Floor broker vs commissioner demographics

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

Floor BrokerCommissioner
Average age4352
Gender ratioMale, 89.7% Female, 10.3%Male, 60.2% Female, 39.8%
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, 3.8% Unknown, 3.9% Hispanic or Latino, 7.8% Asian, 7.7% White, 76.2% American Indian and Alaska Native, 0.6%
LGBT Percentage6%12%

Differences between floor broker and commissioner 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.
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Commissioner example responsibilities.

  • Plan and manage executive, conference and NCAA meetings.
  • Manage the team Facebook page, email and Insta-gram.
  • Manage the cleaning and horticulture operation for NYC's highways.
  • Issue criminal charges, arrest warrants, and summonses base on applications for criminal charges.
  • Handle sensitive inquiries from taxpayers, tax practitioners, attorneys, CPA's, and enroll agents.
  • Develop and implement multi- integrate mobile health unit for the testing of HIV, TB, and pregnancy.
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Floor broker vs commissioner skills

Common floor broker skills
  • Customer Orders, 16%
  • NYSE, 14%
  • Order Flow, 13%
  • Client Relations, 6%
  • Institutional Clients, 5%
  • Market Trends, 4%
Common commissioner skills
  • Oversight, 15%
  • Public Policy, 10%
  • Public Safety, 9%
  • Public Health, 8%
  • Community Outreach, 4%
  • Economic Development, 3%