Stock broker vs broker

The differences between stock brokers and brokers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a broker has an average salary of $124,861, which is higher than the $59,096 average annual salary of a stock broker.

The top three skills for a stock broker include financial products, client portfolios and securities. The most important skills for a broker are brokerage, financial services, and insurance products.

Stock broker vs broker overview

	Stock Broker	Broker
Yearly salary	$59,096	$124,861
Hourly rate	$28.41	$60.03
Growth rate	10%	5%
Number of jobs	29,202	2,770
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 77%	Bachelor's Degree, 66%
Average age	43	49
Years of experience	6	-

Stock broker vs broker salary

Stock brokers and brokers have different pay scales, as shown below.

	Stock Broker	Broker
Average salary	$59,096	$124,861
Salary range	Between $37,000 And $93,000	Between $68,000 And $227,000
Highest paying City	New York, NY	New York, NY
Highest paying state	New York	New York
Best paying company	ICAP	Child Guidance & Family Solutions
Best paying industry	Finance	Insurance

Differences between stock broker and broker education

There are a few differences between a stock broker and a broker in terms of educational background:

	Stock Broker	Broker
Most common degree	Bachelor's Degree, 77%	Bachelor's Degree, 66%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Southern California

Stock broker vs broker demographics

Here are the differences between stock brokers' and brokers' demographics:

	Stock Broker	Broker
Average age	43	49
Gender ratio	Male, 85.5% Female, 14.5%	Male, 63.8% Female, 36.2%
Race ratio	Black or African American, 5.5% Unknown, 4.1% Hispanic or Latino, 11.4% Asian, 12.3% White, 66.4% American Indian and Alaska Native, 0.2%	Black or African American, 5.3% Unknown, 4.3% Hispanic or Latino, 13.2% Asian, 6.9% White, 70.1% American Indian and Alaska Native, 0.3%
LGBT Percentage	6%	13%

Differences between stock broker and broker duties and responsibilities

Stock broker example responsibilities.

Manage communication with clients regarding margin call requirements base on NYSE and NASD standards.
Administer the purchase and sale of small cap equities trade on NASDAQ and NYSE exchanges.
Study to pass all require FINRA testing!
Develop and monitor all stock trading and reporting and institute guidelines for proper FINRA procedures.
Calculate common area maintenance expenses and CPI increases and notify tenants via letter of increases.
Generate over $200k in derivative commission revenue through full-service brokerage and execution and roughly $100K in self-direct trading commission.

Broker example responsibilities.

Manage, lease and sell office condominiums on site.
Retail trader, fix income securities; manage client account activity; properly allocate client funds to appropriate investment options
Manage indexes, options, foreign equities, and short-selling positions that are compatible with clients' long-term investment goals.
Expand and maintain professional relationships with trading accounts including banks, hedge funds and portfolio managers.
Specialize in finding undervalue and/or overbought commodities by using fundamental and technical analysis that exist throughout the markets.
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Stock broker vs broker skills

Common stock broker skills

Financial Products, 11%
Client Portfolios, 10%
Securities, 8%
Bonds, 7%
Stock Market, 4%
Cold Calls, 4%

Common broker skills

Brokerage, 17%
Financial Services, 9%
Insurance Products, 7%
Risk Management, 6%
Client Relationships, 6%
Real Estate Transactions, 5%