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Stock broker salary
Average stock broker salary
$59,096
Understanding Stock Broker Salaries
Stock brokers play a vital role in the financial industry by facilitating investment transactions. As of October 2025, the average salary for stock brokers is approximately $59,096 annually. However, this figure can vary widely based on several factors.
Factors Influencing Salary
Experience is a key determinant; entry-level positions typically earn less than those with several years in the field. Moreover, geographic location significantly impacts income, with brokers in metropolitan areas often receiving higher salaries. Additionally, the specific sector within finance, such as corporate or retail brokerage, can lead to different compensation levels.
Salary by State
For example, states like New York and California often offer the highest salaries, reflecting the cost of living and demand for financial services. Understanding these dynamics can help aspiring brokers navigate their career paths more effectively.
Job Opportunities
Many brokers also earn commissions, which can boost overall earnings. The potential for a lucrative career in stock brokerage exists for those willing to invest time in education and skill development.
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Where can a Stock Broker earn more?
Stock broker salary estimates from across the web
Average stock broker salary by state
The highest-paying states for stock brokers are New York, Minnesota, and Delaware. The lowest average stock broker salary states are Alabama, Mississippi, and Idaho.
- State view
- County view
Highest paying states for stock brokers
| Rank | State | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | Kansas | $60,735 | $29.20 |
| 2 | New York | $77,411 | $37.22 |
| 3 | Minnesota | $71,378 | $34.32 |
| 4 | Kentucky | $55,936 | $26.89 |
| 5 | Delaware | $66,570 | $32.00 |
| 6 | Missouri | $55,165 | $26.52 |
| 7 | Pennsylvania | $58,070 | $27.92 |
| 8 | Rhode Island | $60,641 | $29.15 |
| 9 | North Carolina | $57,838 | $27.81 |
| 10 | Tennessee | $52,974 | $25.47 |
| 11 | New Jersey | $62,408 | $30.00 |
| 12 | Ohio | $52,741 | $25.36 |
| 13 | Connecticut | $57,289 | $27.54 |
| 14 | Illinois | $55,816 | $26.83 |
| 15 | North Dakota | $52,565 | $25.27 |
| 16 | Arkansas | $49,836 | $23.96 |
| 17 | Indiana | $52,267 | $25.13 |
| 18 | Virginia | $58,447 | $28.10 |
| 19 | Texas | $52,597 | $25.29 |
| 20 | New Hampshire | $52,431 | $25.21 |
| 21 | Louisiana | $50,574 | $24.31 |
| 22 | Utah | $50,622 | $24.34 |
| 23 | South Dakota | $50,875 | $24.46 |
| 24 | West Virginia | $48,869 | $23.49 |
| 25 | Oklahoma | $48,511 | $23.32 |
| 26 | Nebraska | $50,927 | $24.48 |
| 27 | South Carolina | $49,788 | $23.94 |
| 28 | Michigan | $48,526 | $23.33 |
| 29 | Maryland | $55,954 | $26.90 |
| 30 | Wisconsin | $49,401 | $23.75 |
| 31 | Georgia | $50,486 | $24.27 |
| 32 | Massachusetts | $54,276 | $26.09 |
| 33 | Montana | $44,917 | $21.59 |
| 34 | Maine | $46,061 | $22.14 |
| 35 | Alabama | $44,746 | $21.51 |
| 36 | Mississippi | $44,553 | $21.42 |
| 37 | Iowa | $45,913 | $22.07 |
| 38 | District of Columbia | $56,140 | $26.99 |
| 39 | Colorado | $50,408 | $24.23 |
| 40 | Washington | $51,483 | $24.75 |
| 41 | Hawaii | $43,188 | $20.76 |
| 42 | California | $51,151 | $24.59 |
| 43 | Nevada | $47,808 | $22.98 |
| 44 | New Mexico | $46,991 | $22.59 |
| 45 | Alaska | $48,502 | $23.32 |
| 46 | Wyoming | $43,678 | $21.00 |
| 47 | Arizona | $47,345 | $22.76 |
| 48 | Oregon | $47,636 | $22.90 |
| 49 | Idaho | $44,396 | $21.34 |
| 50 | Vermont | $47,368 | $22.77 |
| 51 | Florida | $39,915 | $19.19 |
Highest paying cities for stock brokers
The highest-paying cities for stock brokers are New York, NY, Westbury, NY, and Melville, NY.
| Rank | City | Avg. salary | Hourly rate |
|---|---|---|---|
| 1 | New York, NY | $78,112 | $37.55 |
| 2 | Westbury, NY | $77,780 | $37.39 |
| 3 | Melville, NY | $77,680 | $37.35 |
| 4 | Syosset, NY | $77,541 | $37.28 |
| 5 | Boca Raton, FL | $40,015 | $19.24 |
| 6 | Miami, FL | $39,965 | $19.21 |
Stock broker salary details
A stock broker's salary ranges from $37,000 a year at the 10th percentile to $93,000 at the 90th percentile.
What is a stock broker's salary?
| Percentile | Annual salary | Monthly salary | Hourly rate |
|---|---|---|---|
| 90th Percentile | $93,000 | $7,750 | $45 |
| 75th Percentile | $75,000 | $6,250 | $36 |
| Average | $59,096 | $4,925 | $28 |
| 25th Percentile | $46,000 | $3,833 | $22 |
| 10th Percentile | $37,000 | $3,083 | $18 |
Highest paying stock broker jobs
The highest paying types of stock brokers are broker, sales trader, and market maker.
| Job title | Annual salary | Monthly salary | Hourly rate | Job openings |
|---|---|---|---|---|
| Licensed Sales Agent | $36,453 | $3,038 | $17.53 | 63,324 |
| Airport Sales Agent | $29,987 | $2,499 | $14.42 | 41,045 |
| Direct Sales Agent | $57,712 | $4,809 | $27.75 | 225,552 |
| Inside Sales Agent | $53,956 | $4,496 | $25.94 | 307,634 |
| Registered Representative | $54,074 | $4,506 | $26.00 | 17,622 |
| Sales Agent | $45,217 | $3,768 | $21.74 | 391,987 |
Top companies hiring stock brokers now:
Which companies pay stock brokers the most?
Stock broker salaries at ICAP and Aegis Venture Funds are the highest-paying according to our most recent salary estimates. In addition, the average stock broker salary at companies like Global Arena Holding, Inc and CBG are highly competitive.
| Rank | Company | Average salary | Hourly rate |
|---|---|---|---|
| 1 | ICAP | $85,942 | $41.32 |
| 2 | Aegis Venture Funds | $75,079 | $36.10 |
| 3 | Global Arena Holding, Inc | $69,593 | $33.46 |
| 4 | CBG | $57,762 | $27.77 |
| 5 | National Security | $54,086 | $26.00 |
| 6 | BGC Partners | $52,622 | $25.30 |
Wage gap by gender, race and education
Stock broker salary trends
The average stock broker salary has fallen by $-6,651 over the last ten years. In 2014, the average stock broker earned $65,747 annually, but today, they earn $59,096 a year. That works out to a -4% change in pay for stock brokers over the last decade.
Compare stock broker salaries for cities or states with the national average over time.
Average stock broker salary over time
Compare stock broker salaries for individual cities or states with the national average.
Stock broker salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $59,100 | $28.41 | +3.9% |
| 2024 | $56,800 | $27.31 | -3.0% |
| 2023 | $58,500 | $28.13 | +0.5% |
| 2022 | $58,200 | $27.98 | -5.5% |
| 2021 | $61,400 | $29.53 | -6.3% |
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