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The differences between stock brokers 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 stock broker and a floor broker. Additionally, a floor broker has an average salary of $70,084, 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 floor broker are customer orders, NYSE, and order flow.
| Stock Broker | Floor Broker | |
| Yearly salary | $59,096 | $70,084 |
| Hourly rate | $28.41 | $33.69 |
| Growth rate | 10% | 10% |
| Number of jobs | 29,202 | 18,097 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 82% |
| Average age | 43 | 43 |
| Years of experience | 6 | 6 |
Stock brokers and floor brokers have different pay scales, as shown below.
| Stock Broker | Floor Broker | |
| Average salary | $59,096 | $70,084 |
| Salary range | Between $37,000 And $93,000 | Between $41,000 And $117,000 |
| Highest paying City | New York, NY | - |
| Highest paying state | New York | - |
| Best paying company | ICAP | - |
| Best paying industry | Finance | - |
There are a few differences between a stock broker and a floor broker in terms of educational background:
| Stock Broker | Floor Broker | |
| Most common degree | Bachelor's Degree, 77% | Bachelor's Degree, 82% |
| Most common major | Business | Finance |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between stock brokers' and floor brokers' demographics:
| Stock Broker | Floor Broker | |
| Average age | 43 | 43 |
| Gender ratio | Male, 85.5% Female, 14.5% | Male, 89.7% Female, 10.3% |
| 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, 5.8% 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% |