And when compared to those male colleagues, they’re effectively working without wages from 15 November onwards . As a Trainee Stockbroker you can work for individuals or companies large and small. You’d be working as part of a team alongside Investment Analysts, who carry out research into how companies are doing. Use’s average salary checker to find out what you could be earning. Tec Partners are looking for Principal Software Engineers to join a brand-new branch within an award-winning global online trading platform. You will be joining a well-established company with over 2.5 million active users and 16 international offices…

  • The best-paid 10 percent make $171,000, while the lowest-paid 10 percent make $91,000.
  • Jobs in finance and accounting are expected to see continued demand, with employment growth linked to the health of the broader economy.
  • These companies handle large and specialized orders for institutional clients and high-net-worth individuals .
  • The median salary for a stockbroker in 2020 was $60,644, with an average range of $40,000 up to $123,000.
  • They must hold an Australian Financial Services Licence that is overseen by the Australian Securities and Investments Commission.

Those who pass the exam must still be approved by the financial regulatory body to receive a license. Global credentials are also becoming increasingly sought-after as signals of legitimacy and financial acumen. Examples include the certified financial planner and chartered financial analyst designations. While it is possible for an individual investor to buy stock shares directly from the company that issues them, it is much simpler to work with a stockbroker. You could move into stockbroking if you have a experience in accountancy, banking or insurance and take further training on the job.

What are total pay estimates for a Broker at different companies in London, United Kingdom?

It may be helpful if you find a work experience placement in an investment bank or similar company. Are you ready to join one of the fastest growing broker-dealer networks in financial services … Answer questions that cover a wide scope, including, questions about mutual funds, stocks, bonds … However, the rise of the internet and related advances in technology paved the way for discount brokers to provide online services with cheap, fast, and automated access to the markets. More recently, apps like Robinhood and SoFi have catered to micro-investors, allowing even fractional share purchases.

What is a stock broker salary UK

Brokers who are employed by discount broker firms may work as over-the-phone agents available to answer brief questions, or as branch officers in a physical location. They also may consult with clients subscribing to premium tiers of the online broker. Buying or selling stocks requires access to one of the major exchanges such as the New York Stock Exchange or the NASDAQ. To trade on these exchanges you must be a member of the exchange or belong to a member firm. Member firms and many of the individuals who work for them are licensed as brokers or broker-dealers by the Financial Industry Regulatory Authority .

Common Health Benefits for a Stock Broker

Up until January 1, 2019, investment professionals that offer financial advice in Australia had to pass training pursuant to RG146. They must hold an Australian Financial Services Licence that is overseen by the Australian Securities and Investments Commission. If you are thinking of becoming a Broker or planning the next step in your career, find details about the role, the career path and salary trajectory of a Broker. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

What is a stock broker salary UK

In 1602, the Amsterdam Stock Exchange became the first official stock market with trading in shares of the Dutch East India Company, the first company to issue stock. In 1698, the London Stock Exchange opened at the Jonathan’s Coffee-House. On May 17, 1792, the New York Stock Exchange opened under a platanus occidentalis in New York City, as 24 stockbrokers signed the Buttonwood Agreement, agreeing to trade five securities under that buttonwood tree. Brokerage firms and broker-dealer companies are also sometimes referred to generically as stockbrokers. These include both full-service brokers and discount brokers, who execute trades but do not offer individualized investing advice.

The total cash compensation, which includes base, and annual incentives, can vary anywhere from $72,121 to $87,644 with the average total cash compensation of $80,972. In the U.S., registered brokers must hold the FINRA Series 7 and Series 63 or 66 licenses, and be sponsored by a registered investment firm. Floor brokers in the U.S. must also be members of the stock exchange where they work.

Stock Broker Salary in the United States

All UK stockbrokers are regulated by the Financial Conduct Authority and you’ll need to register with the FCA as an ‘approved person’. In more boutique investment companies in London, salaries for junior brokers start from £40,000 plus a bonus on top of the base. New York pays Stock Brokers the most in the United States, with an average salary of $77,411 per year, or $37.22 per hour. In Singapore, becoming a trading representative requires passing 4 exams, modules 1A, 5, 6 and 6A, from the Institute of Banking and Finance and applying for the license through MAS and SGX. A fast paced role, you’ll have to research daily into the financial market to keep your knowledge fresh. Creating job alerts will help you keep up-to-date with the latest stockbroker opportunities.

What is a stock broker salary UK

According to our most recent salary estimates, ICAP and Aegis Venture Funds are the highest paying companies for stock brokers. If both location and money are important to you, then you might want to check out moving to New York, Minnesota and Delaware, as these three states offer the highest salaries throughout the U.S. for stock brokers. Quite opposite of that list is the lowest paying states, which are Alabama, Mississippi, and Idaho. Share brokers in India are governed by the Securities and Exchange Board of India Act, 1992 and brokers must register with the Securities and Exchange Board of India. An individual employed by an investment firm must complete the National Institute of Securities Markets exam and apply to SEBI for registration as an Investment Advisor. If your degree is not in a business-related subject, you must be able to show employers that you understand how financial markets work.

Relationship Manager job description

There are opportunities for high salaries plus substantial bonuses and commission for successful stockbrokers with the right combination of skills and experience. The national average salary for a Stock Broker is £51,373 per year in United Kingdom. Salaries estimates are based on 25 salaries submitted anonymously to Glassdoor by a Stock Broker employees. The national average salary for a Stock Broker is £51,373 in United Kingdom. Salary estimates are based on 25 salaries submitted anonymously to Glassdoor by Stock Broker employees. How can you give the answer an employer is looking for unless you know the questions they’ll ask?

The best-paid 10 percent make $171,000, while the lowest-paid 10 percent make $91,000. You know if you are being paid fairly as a Stock Broker if your pay is close to the average pay for the state you live in. For example, if you live in Minnesota you should be paid close to $71,378 per year. Compare salaries for individual cities or states with the national average.

A broker is an individual or firm that charges a fee or commission for executing buy and sell orders submitted by an investor. In Singapore, becoming a trading representative requires passing four exams, Modules 1A, 5, 6, and 6A, administered by the Institute of Banking and Finance. The Monetary Authority of Singapore and the Singapore Exchange have licensing authority.


Although not essential, further study in a relevant subject may be helpful. Many jobs are available in London, although there are also opportunities in major UK cities such as Edinburgh, Glasgow, Cardiff, Manchester, Leeds and Birmingham. The lowest salary for a Stockbroker in United Kingdom is £20,647 per year. The highest salary for a Stockbroker in United Kingdom is £54,027 per year. Manage client portfolio with care and integrity, ensuring that their financial well-being is protected.

Average Stock Broker Salary Over Time

Experienced Financial Advisers can also give investment advice and manage clients’ portfolios if they have had relevant training, such as the Diploma in Financial Planning. With experience and a good track record, you will progress to become a full Stockbroker. From here you can build you career towards an account or fund manager position. Or, if you wish, you could set up your how to become a broker uk own stockbroking firm and work for yourself. Most successful stockbrokers have exceptional interpersonal skills and are able to maintain strong sales relationships-in addition to market knowledge and investing skills. Another recent development in broker services is the introduction of roboadvisers, algorithmic investment management carried out via web or mobile app interface.

Analyze the market and your qualifications to negotiate your salary with confidence. The offers that appear in this table are from partnerships from which Investopedia receives compensation. With experience and a good track record you could progress to become a trader, relationship manager or fund manager.

Our client’s trainee stock broker role offers candidates the perfect opportunity to start a rewarding and secure career in Financial Services. These charts show the average base salary , as well as the average total cash compensation for the job of Stock Broker in the United States. The base salary for Stock Broker ranges from $69,641 to $84,496 with the average base salary of $76,004.

The New Zealand Certificate in Financial Services is the minimum level of qualification necessary to offer investment advice. As of 2019, Australia’s biggest online stockbroker was Commonwealth Securities, other large brokers were ANZ Share Investing, nabtrade and Westpac Online Investing. Language skills, especially German, Japanese, French and Russian can also be an advantage if you want to work with overseas clients and markets. To see the average Trainee Stockbroker salary in the UK, use the Totaljobs Salary Checker.

Finance Director job description

You may find it useful to gain professional qualifications from organisations like CFA Institute and Chartered Institute for Securities & Investment. Many firms will pay for the course and the exams, give you time off to study and, later, fund your professional body membership. You’ll have regular meetings in and out of the office, requiring time-management skills and the ability to plan. You are likely to work unsociable hours in order to establish contacts with your clients in different time zones. Some companies will require you to travel abroad and you might be absent from home for a couple of nights a week on a regular basis.

If you work with commodities or Far East markets, your hours may be longer and more irregular. There can also be large bonuses based on personal or company performance. Once an experienced Stockbroker, this can rise to anything from £45,000 to £80,000 a year. You already have ten searches saved, select a search below to replace it. Top paying companies in Financial Services for Broker are BGC Partners and HSBC.