Stock Broker aim to trading on the New York Stock Exchange, which is the largest stock exchange in the world, the American Stock Exchange, which specializes in exchange-traded funds, along with the shares of small and medium-sized enterprises, or Nasdaq, which is in the “over the counter” exchange.
The average salary of stock broker more than $165,000 for securities brokers and retail is about twice this number of institutional securities brokers, while the average investment banking may take home about $860,000 in wages and bonuses.
Stock brokers, also known as securities dealers or sales agents, and help investors buy and sell securities on stock markers all over the world. These workers are advised clients on investments and place orders on their behalf. Stock brokers usually work for brokerage firms or investment banks, and could be a large-scale salaries.
So How Much Money Does a Stock Broker Make?
According to a report from the U.S. Bureau of Labor Statistics in 2011 that the average salary of agents and financial services was about $99,000 annually. Half of the people surveyed received between $42,000 and $130,000 annually, and the average salary of $72,000.
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According to Bureau of Labor Statistics estimates that there are about 271 670 securities and commodities, and financial services sales agents in 2009. These workers earned an average wage of about $43.94 per hour, or $91,390 annually. Making the top 10 percentile of workers more than $ 80.00 per hour, the equivalent of $166.400 per year, although more precise figures are not available. Make the lowest 10 percent of wage earners about $14.42 per hour, which is equivalent to $29,980 annually.
The “mineral and mining (except oil) merchant wholesalers” industry the highest average salary for brokers in 2009, according to the Bureau of Labor Statistics. These brokers make on average about $84.97 per hour, the equivalent of $176.730 per year. This was much higher than the next highest average pay sector, and the “Office of Administrative Services” sector, which was the average wage of about $54.53 per hour, the equivalent of $113.420 per year. Hope you guys now know that how much money does a Stock Broker make.