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The differences between sales traders 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 sales trader and a floor broker. Additionally, a sales trader has an average salary of $108,427, which is higher than the $70,084 average annual salary of a floor broker.
The top three skills for a sales trader include equities, derivative and institutional clients. The most important skills for a floor broker are customer orders, NYSE, and order flow.
| Sales Trader | Floor Broker | |
| Yearly salary | $108,427 | $70,084 |
| Hourly rate | $52.13 | $33.69 |
| Growth rate | 10% | 10% |
| Number of jobs | 19,736 | 18,097 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 85% | Bachelor's Degree, 82% |
| Average age | 43 | 43 |
| Years of experience | 6 | 6 |
Sales traders and floor brokers have different pay scales, as shown below.
| Sales Trader | Floor Broker | |
| Average salary | $108,427 | $70,084 |
| Salary range | Between $63,000 And $185,000 | Between $41,000 And $117,000 |
| Highest paying City | New York, NY | - |
| Highest paying state | New York | - |
| Best paying company | Merrill Lynch | - |
| Best paying industry | Finance | - |
There are a few differences between a sales trader and a floor broker in terms of educational background:
| Sales Trader | Floor Broker | |
| Most common degree | Bachelor's Degree, 85% | Bachelor's Degree, 82% |
| Most common major | Finance | Finance |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between sales traders' and floor brokers' demographics:
| Sales Trader | Floor Broker | |
| Average age | 43 | 43 |
| Gender ratio | Male, 82.4% Female, 17.6% | Male, 89.7% Female, 10.3% |
| Race ratio | Black or African American, 5.5% Unknown, 4.1% Hispanic or Latino, 11.5% Asian, 12.4% White, 66.2% 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% |