How Much Money Do Stockbrokers Make?

Home > USA > Stock Broker Earnings

The profession of a stockbroker is often glamorized in movies and media, portraying a lifestyle of high stakes and even higher rewards. But beyond the glitz and glamour, the real question is: How much do stockbrokers actually make? The answer isn’t straightforward, as salaries can vary widely based on several factors including location, experience, and the success of their trades.

Most profitable stock brokers in the US.

In this guide, we delve into the financial world of stockbrokers, providing insights into their earnings across the United States, with a special focus on the famed Wall Street brokers.

Interactive Brokers

In 2023, Interactive Brokers showcased a robust financial performance, marked by significant increases across various key metrics.

The company reported a 2% increase in commission revenue, reaching $357 million in Q1 2023, and a notable 126% surge in net interest income, totaling $637 million, driven by record contract volumes and higher benchmark interest rates.

For the same quarter, Interactive Brokers recorded a revenue of $1.06 billion, indicating a 59.13% year-over-year increase, and a net income of $148 million, reflecting a 102.74% increase. Additionally, the third-quarter earnings reported an EPS of $1.55, slightly above analyst estimates, with revenue hitting $1.15 billion. The annual revenue for 2022 was $3.067 billion, underscoring the company’s positive growth trajectory.

Charles Schwab

In 2023, The Charles Schwab Corporation reported a net income of $5.1 billion for the twelve months ending December 31, 2023. This figure was down from the $7.2 billion net income reported for the same period in the previous year

Stockbroker Salaries

If you are more interested in how much individual stock brokers make you have to understand the variables as the salary of a stockbroker can be influenced by various factors:

  • Location: Geographical area plays a significant role in determining salary. High-cost living areas tend to offer higher salaries.
  • Experience: Seasoned brokers with a proven track record of success can command higher salaries.
  • The Firm: Salaries can also vary depending on whether the broker works for a large investment firm or a smaller boutique firm.
  • Market Performance: Brokers often earn commissions or bonuses based on the performance of the stocks they trade, meaning their income may fluctuate with market conditions.

The Numbers

In the United States, the average salary for a stockbroker ranges significantly. Entry-level positions may start at a lower base salary, with the potential for commission-based earnings to significantly increase total compensation. Experienced brokers in high-performing markets can see their total earnings reach into the high six-figure or even seven-figure range.

Chart: Average Stockbroker Salaries by Experience Level

  • Note: Include a chart here visualizing the average salaries for entry-level, mid-career, and experienced stockbrokers.

Wall Street Broker Salaries

Focusing on Wall Street, the epicenter of the financial world, salaries tend to be on the higher end of the spectrum. Brokers working in this highly competitive environment are often part of major transactions and deals, which can lead to substantial bonuses and commissions.

Table: Average Wall Street Broker Salaries vs. National Average

  • Note: A comparative table showing the difference between Wall Street and national average stockbroker salaries.

Highest Paying Cities for Stockbrokers

  1. New York City, NY
  2. San Francisco, CA
  3. Chicago, IL
  4. Boston, MA
  5. Los Angeles, CA

How Much Do New Brokers Make?

Entry-level or new brokers are typically offered a base salary, which might be complemented by bonuses or commissions as they gain experience and build their client base. Initial salaries can vary widely, starting as low as $30,000 to $50,000, with the opportunity for significant increases through successful trades and client acquisitions.

How Stockbroker Pay Works

The compensation structure for stockbrokers usually consists of a base salary plus performance-based earnings. These earnings can come from:

  • Commissions: Earned from buying and selling securities on behalf of clients.
  • Bonuses: Often based on individual or firm performance metrics.
  • Profit Sharing: Some firms may offer profit-sharing arrangements as part of their compensation package.

Which Companies Pay the Highest for Stockbrokers?

While specific data may be scarce and variable, anecdotal evidence suggests that top investment firms and banks on Wall Street tend to offer the most lucrative compensation packages for their brokers. However, these positions are highly competitive and demand exceptional performance.


Why do stockbrokers get paid so much? Stockbrokers are compensated for their expertise, the risks associated with trading, and their ability to generate profits for their clients and firms. Their pay reflects the high stakes and pressures of the financial markets.

What’s the average payscale for a stockbroker? The average payscale for a stockbroker varies widely depending on factors like experience, location, and the success of their trades, with salaries ranging from around $50,000 to well into the six or seven figures.

Is being a stockbroker a stressful job? Yes, being a stockbroker can be highly stressful due to the fast-paced nature of the financial markets, the need to meet client expectations, and the pressure to perform.

How many hours do brokers normally work? Stockbrokers often work long hours, which can exceed 40 hours per week, especially during busy market periods or when working on large deals and transactions.

Scroll to Top