Stock Broker Careers

There is more than meets the eye when it comes to being a stock broker. For example, did you know that they make an average of $26.47 an hour? That's $55,060 a year!

Between 2018 and 2028, the career is expected to grow 4% and produce 18,500 job opportunities across the U.S.

What Does a Stock Broker Do

There are certain skills that many stock brokers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, customer-service skills and detail oriented.

When it comes to the most important skills required to be a stock broker, we found that a lot of resumes listed 10.4% of stock brokers included new clients, while 10.1% of resumes included portfolio, and 8.7% of resumes included financial products. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.

When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the stock broker job title. But what industry to start with? Most stock brokers actually find jobs in the finance and professional industries.

How To Become a Stock Broker

If you're interested in becoming a stock broker, one of the first things to consider is how much education you need. We've determined that 76.6% of stock brokers have a bachelor's degree. In terms of higher education levels, we found that 9.5% of stock brokers have master's degrees. Even though most stock brokers have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become a stock broker. When we researched the most common majors for a stock broker, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on stock broker resumes include associate degree degrees or high school diploma degrees.

You may find that experience in other jobs will help you become a stock broker. In fact, many stock broker jobs require experience in a role such as internship. Meanwhile, many stock brokers also have previous career experience in roles such as sales representative or account executive.

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Average Salary
$55,060
Average Salary
Job Growth Rate
4%
Job Growth Rate
Job Openings
18,502
Job Openings

Stock Broker Career Paths

Top Careers Before Stock Broker

Top Careers After Stock Broker

Owner
8.8 %

Stock Broker Jobs You Might Like

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Tell us your goals and we'll match you with the rights job to get there.

Average Salary for a Stock Broker

Stock Brokers in America make an average salary of $55,060 per year or $26 per hour. The top 10 percent makes over $96,000 per year, while the bottom 10 percent under $31,000 per year.
Average Salary
$55,060
Find Your Salary Estimate
How much should you be earning as an Architect? Use Zippia's Salary Calculator to get an estimation of how much you should be earning.

Best Paying Cities For Stock Brokers

City
ascdesc
Average Salarydesc
Syosset, NY
Salary Range49k - 112k$75k$74,870
Westbury, NY
Salary Range49k - 112k$75k$74,849
New York, NY
Salary Range49k - 112k$75k$74,596
Miami, FL
Salary Range27k - 61k$41k$40,704
Boca Raton, FL
Salary Range26k - 60k$40k$40,366
$26k
$112k

Recently Added Salaries

Job TitleCompanyascdescCompanyascdescStart DateascdescSalaryascdesc
Senior Broker-Single Stocks and Etfs
Senior Broker-Single Stocks and Etfs
BGC Partners, Inc.
BGC Partners, Inc.
01/19/2021
01/19/2021
$150,00001/19/2021
$150,000
Stock Broker
Stock Broker
National Securities Corporation
National Securities Corporation
09/02/2020
09/02/2020
$61,54609/02/2020
$61,546
Stock Broker
Stock Broker
National Securities Corporation
National Securities Corporation
07/23/2019
07/23/2019
$61,54607/23/2019
$61,546
Stock Broker
Stock Broker
National Securities Corporation
National Securities Corporation
03/12/2019
03/12/2019
$55,41103/12/2019
$55,411
Stock Broker
Stock Broker
National Securities Corporation
National Securities Corporation
03/07/2018
03/07/2018
$37,73303/07/2018
$37,733
See More Recent Salaries

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Stock Broker Demographics

Gender

male

80.2 %

female

15.0 %

unknown

4.8 %

Ethnicity

White

70.4 %

Asian

11.1 %

Hispanic or Latino

11.1 %

Foreign Languages Spoken

Spanish

34.4 %

French

14.0 %

Chinese

9.7 %
Show More Stock Broker Demographics

Stock Broker Education

Majors

Business
28.5 %
Finance
20.3 %

Degrees

Bachelors

76.6 %

Masters

9.5 %

Associate

9.3 %

Top Colleges for Stock Brokers

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition
$9,808
Enrollment
13,990

5. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

6. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

7. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

8. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

9. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition
$9,625
Enrollment
17,407

10. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339
Show More Stock Broker Education Requirements

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Part Time
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Top Skills For a Stock Broker

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 10.4% of stock brokers listed new clients on their resume, but soft skills such as analytical skills and customer-service skills are important as well.

  • New Clients, 10.4%
  • Portfolio, 10.1%
  • Financial Products, 8.7%
  • Private Equity, 5.8%
  • Market Research, 3.8%
  • Other Skills, 61.2%
  • See All Stock Broker Skills

Best States For a Stock Broker

Some places are better than others when it comes to starting a career as a stock broker. The best states for people in this position are New York, Minnesota, New Jersey, and New Hampshire. Stock brokers make the most in New York with an average salary of $74,221. Whereas in Minnesota and New Jersey, they would average $73,471 and $62,667, respectively. While stock brokers would only make an average of $62,425 in New Hampshire, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. West Virginia

Total Stock Broker Jobs:
112
Highest 10% Earn:
$118,000
Location Quotient:
1.29
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. New Hampshire

Total Stock Broker Jobs:
116
Highest 10% Earn:
$123,000
Location Quotient:
1.17
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. New York

Total Stock Broker Jobs:
648
Highest 10% Earn:
$149,000
Location Quotient:
0.89
Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Full List Of Best States For Stock Brokers

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Top Stock Broker Employers

1. Charles Schwab
4.8
Avg. Salary: 
$66,779
Stock Brokers Hired: 
77+
2. Scottrade
4.4
Avg. Salary: 
$51,080
Stock Brokers Hired: 
54+
3. National Security Group
4.4
Avg. Salary: 
$60,486
Stock Brokers Hired: 
50+
4. Morgan Stanley
4.9
Avg. Salary: 
$83,761
Stock Brokers Hired: 
35+
5. TD Ameritrade
4.8
Avg. Salary: 
$68,683
Stock Brokers Hired: 
35+
6. Fidelity Investments
4.7
Avg. Salary: 
$67,111
Stock Brokers Hired: 
23+
Updated August 18, 2021