Floor broker vs oil lease broker

The differences between floor brokers and oil lease 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 an oil lease broker. Additionally, a floor broker has an average salary of $70,084, which is higher than the $54,922 average annual salary of an oil lease broker.

The top three skills for a floor broker include customer orders, NYSE and order flow. The most important skills for an oil lease broker are real estate, financial products, and market research.

Floor broker vs oil lease broker overview

	Floor Broker	Oil Lease Broker
Yearly salary	$70,084	$54,922
Hourly rate	$33.69	$26.40
Growth rate	10%	10%
Number of jobs	18,097	4,598
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 82%	Bachelor's Degree, 72%
Average age	43	43
Years of experience	6	6

Floor broker vs oil lease broker salary

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

	Floor Broker	Oil Lease Broker
Average salary	$70,084	$54,922
Salary range	Between $41,000 And $117,000	Between $34,000 And $86,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between floor broker and oil lease broker education

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

	Floor Broker	Oil Lease Broker
Most common degree	Bachelor's Degree, 82%	Bachelor's Degree, 72%
Most common major	Finance	Business
Most common college	University of Pennsylvania	Stanford University

Floor broker vs oil lease broker demographics

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

	Floor Broker	Oil Lease Broker
Average age	43	43
Gender ratio	Male, 89.7% Female, 10.3%	Male, 74.6% Female, 25.4%
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, 5.8% Unknown, 4.2% Hispanic or Latino, 12.2% Asian, 9.0% White, 68.6% American Indian and Alaska Native, 0.2%
LGBT Percentage	6%	6%

Differences between floor broker and oil lease 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.

Oil lease broker example responsibilities.

Manage, inspect, photograph, and create reports biweekly for U.S. department of HUD and Fannie Mae assign properties.
Solicit profitable freight brokerage business by marketing transportation capability via direct sales calls, telephone and direct mail marketing activity.
Broker purchases, sales and exchanges of WTI, grade trading, swaps, options, derivatives and spreads.
Identify and capitalize on arbitrage situations.

Floor broker vs oil lease broker skills

Common floor broker skills

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

Common oil lease broker skills

Real Estate, 19%
Financial Products, 18%
Market Research, 17%
Financial Analysis, 12%
Database, 10%
Customer Relationships, 8%

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Floor Broker vs Oil Lease Broker

Updated January 8, 2025

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