What does a Stock Broker do?

Stock brokers are professional traders who buy and sell shares and securities on the behalf of their clients. They work for themselves or at firms, and some also buy and sell bonds or other financial instruments and products for their clients. They are required to concentrate on making investment calls through the price fluctuations of different stocks on the market, and they buy and sell shares of stock over both the short and long terms.

Stock brokers are also known as share brokers, registered representatives, investment brokers, or trading representatives. They evaluate the performance of shares and securities on the stock market and give client recommendations from their findings. If they need to, they will make adjustments in client investments and products according to market fluctuations or changes in lifestyle, including a loss of employment, critical financial setbacks, or the death or injury of a loved one. Stock brokers need a high school diploma and a bachelor’s degree in finance or business administration and must pass further exams to earn a professional license to practice.

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Average Years of Experience

0 - 1
20%
2 - 4
72%
5 - 7
8%
8+
0%

Stock Broker Seniority Levels

Trader
9% made the transition
Equity Research Analyst
13% made the transition
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Stock Broker Salaries

Average Base Pay

$54,547 /yr
Same as national average
Not including cash compensation
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$33K
Median: $55K
$92K
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Glassdoor Estimated Salary

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