Every year, more and more people aspire to be professional stockbrokers, and quite understandably so, because the possible financial reward are really high. So if you also want to enter the competitive finance industry, you have to find out about the average stock broker salary. However, understand that none of these rewards come without the early struggle of first establishing one’s name, finding clients who are willing to trust you, and expanding your networks in order to build a solid clientele base, from which you would be getting the chunk of your income as a broker.
Well, let’s talk figures. According to survey, the salary pay of an average American stockbroker ranges from 30,000 thousand dollars to 100,000 thousand dollars. That is quite a broad range, right? Well, that is because stockbrokers usually work for brokerage firms, so your position and seniority in the firm would ultimately decide how much you actually get as stockbroker for a year. However, salary pay is not the only way that stockbrokers earn money. They also receive bonuses, income from profit sharing, and commission from clients’ profit. Adding all these, the range for average stockbroker earningsnow shifts to 34,000 dollars – 150,000 dollars.
Now, notice that it is still quite a broad range. Well, you must understand that being a stockbroker is closer to being a freelancer or a small business-owner than to being an employee! Most of the time, you would be responsible for your own schedule and how many clients you handle at any given time. These are the things that directly affect your income in terms of stockbroker salary, so in this case, the financial rewards of being a stockbroker actually relies on how badly you work for it. So with that, I hope the best for you!