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The differences between floor brokers and registered representatives 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 registered representative. Additionally, a floor broker has an average salary of $70,084, which is higher than the $54,074 average annual salary of a registered representative.
The top three skills for a floor broker include customer orders, NYSE and order flow. The most important skills for a registered representative are financial services, financial products, and securities.
| Floor Broker | Registered Representative | |
| Yearly salary | $70,084 | $54,074 |
| Hourly rate | $33.69 | $26.00 |
| Growth rate | 10% | 10% |
| Number of jobs | 18,097 | 17,622 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 82% | Bachelor's Degree, 80% |
| Average age | 43 | 43 |
| Years of experience | 6 | 6 |
Floor brokers and registered representatives have different pay scales, as shown below.
| Floor Broker | Registered Representative | |
| Average salary | $70,084 | $54,074 |
| Salary range | Between $41,000 And $117,000 | Between $33,000 And $88,000 |
| Highest paying City | - | New York, NY |
| Highest paying state | - | New York |
| Best paying company | - | New York Life Insurance |
| Best paying industry | - | Finance |
There are a few differences between a floor broker and a registered representative in terms of educational background:
| Floor Broker | Registered Representative | |
| Most common degree | Bachelor's Degree, 82% | Bachelor's Degree, 80% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between floor brokers' and registered representatives' demographics:
| Floor Broker | Registered Representative | |
| Average age | 43 | 43 |
| Gender ratio | Male, 89.7% Female, 10.3% | Male, 77.4% Female, 22.6% |
| 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, 12.3% Asian, 10.3% White, 67.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 6% | 6% |