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The differences between market makers and floor 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 market maker and a floor broker. Additionally, a market maker has an average salary of $108,335, which is higher than the $70,084 average annual salary of a floor broker.
The top three skills for a market maker include equity options, portfolio risk and NASD. The most important skills for a floor broker are customer orders, NYSE, and order flow.
| Market Maker | Floor Broker | |
| Yearly salary | $108,335 | $70,084 |
| Hourly rate | $52.08 | $33.69 |
| Growth rate | 10% | 10% |
| Number of jobs | 17,618 | 18,097 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 87% | Bachelor's Degree, 82% |
| Average age | 43 | 43 |
| Years of experience | 6 | 6 |
Market makers and floor brokers have different pay scales, as shown below.
| Market Maker | Floor Broker | |
| Average salary | $108,335 | $70,084 |
| Salary range | Between $62,000 And $188,000 | Between $41,000 And $117,000 |
| Highest paying City | - | - |
| Highest paying state | - | - |
| Best paying company | - | - |
| Best paying industry | - | - |
There are a few differences between a market maker and a floor broker in terms of educational background:
| Market Maker | Floor Broker | |
| Most common degree | Bachelor's Degree, 87% | Bachelor's Degree, 82% |
| Most common major | Finance | Finance |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between market makers' and floor brokers' demographics:
| Market Maker | Floor Broker | |
| Average age | 43 | 43 |
| Gender ratio | Male, 92.1% Female, 7.9% | Male, 89.7% Female, 10.3% |
| Race ratio | Black or African American, 5.7% Unknown, 4.1% Hispanic or Latino, 12.1% Asian, 9.9% White, 67.9% American Indian and Alaska Native, 0.2% | 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% |
| LGBT Percentage | 6% | 6% |