Broker Salaries

Position

Salary

How much does a Broker make?

The average salary for a Broker is $80,928 per year in the US.

Graph depicting the yearly salary distribution for Broker positions, showing an average salary of $80,928 with varying distribution percentages across salary ranges.

Graph depicting the monthly salary distribution for Broker positions, showing an average salary of $80,928 with varying distribution percentages across salary ranges.

Graph depicting the weekly salary distribution for Broker positions, showing an average salary of $80,928 with varying distribution percentages across salary ranges.

Graph depicting the hourly salary distribution for Broker positions, showing an average salary of $80,928 with varying distribution percentages across salary ranges.

Being a broker involves helping people and companies buy and sell things. This could mean buying and selling stocks, real estate, or insurance. The work can be rewarding, and the pay can be good. The average yearly salary for a broker is $80,928. This is a good amount of money for most jobs. The amount that brokers make can depend on many factors.

Some brokers make less, while others make more. The lowest-earning brokers make around $33,072 each year. The highest-earning brokers make over $225,000 each year. Most brokers fall somewhere in between these amounts. The amount that a broker makes can depend on the type of broker they are. For example, stock brokers and insurance brokers might make different amounts. It also can depend on where they work and how much experience they have.

What are the highest paying cities for a Broker?

Job seekers aiming for the highest paying broker positions should focus on cities like San Francisco and Chicago. San Francisco offers the highest average salary for brokers at around $151,827. Chicago follows closely, providing an average salary of about $113,596. Both cities provide robust financial markets, attracting top talent and high compensation packages. In addition to the top earners, Seattle, Los Angeles, and Austin offer competitive broker salaries. Seattle pays an average of $112,985, Los Angeles $111,772, and Austin $110,443. These cities feature thriving economies with strong real estate and finance sectors, making them attractive for professionals in the field.

Graph displaying highest paying cities salaries for Broker jobs, highlighting San Francisco, CA with the highest at $151,827 and Charlotte, NC with the lowest at $100,280.

San Francisco, CA
Average Salary: $151,827
In San Francisco, financial services play a big role. Companies like Charles Schwab and E*TRADE offer many opportunities. Professionals here enjoy a dynamic work environment with plenty of growth.
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Chicago, IL
Average Salary: $113,596
Chicago is known for its finance sector. With big firms like Goldman Sachs and CME Group, there are lots of chances to advance. The city offers a competitive yet collaborative atmosphere.
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Seattle, WA
Average Salary: $112,985
Seattle has a strong tech and finance scene. Firms like Wells Fargo and Microsoft are key players. The city's vibrant community offers a good work-life balance.
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Los Angeles, CA
Average Salary: $111,772
LA has a diverse job market. Companies such as Prudential and Fidelity are prominent. The city offers a variety of industries to explore.
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Austin, TX
Average Salary: $110,443
Austin offers a growing job market with firms like Whole Foods Market and Dell. The city’s lively culture makes for an enjoyable work environment.
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Tampa, FL
Average Salary: $109,061
Tampa is a growing hub with companies like Raymond James and Sun Life. The city offers a relaxed yet professional atmosphere.
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Philadelphia, PA
Average Salary: $108,679
Philadelphia has a rich history in finance. Companies like Vanguard and Independence Blue Cross offer many opportunities. The city provides a blend of tradition and innovation.
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Miami, FL
Average Salary: $106,109
Miami has a dynamic job market with firms like EverBank and Raymond James. The city’s diverse culture offers a unique work environment.
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Nashville, TN
Average Salary: $100,516
Nashville offers a vibrant scene with companies like Fidelity and LifePoint Health. The city’s friendly atmosphere is great for professionals.
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Charlotte, NC
Average Salary: $100,280
Charlotte is a major financial center with firms like Bank of America and Wells Fargo. The city offers a mix of growth and stability.
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What are the best companies a Broker can work for?

Guy Carpenter offers top-tier salaries for brokers, with an average earning of $214,021. WTW follows closely, providing an average salary of $129,616 to its brokers. Aon, another leading company in the industry, offers an average broker salary of $119,900. These companies recognize the value brokers bring and reflect this in their compensation packages. By choosing a company like Guy Carpenter, WTW, or Aon, brokers can expect competitive salaries that match their expertise. Job seekers aiming for a lucrative career in brokering should consider these top-paying firms.

Graph displaying best paying company salaries for Broker jobs, highlighting Guy Carpenter with the highest at $214,021 and AmWINS Group, Inc with the lowest at $77,211.

Guy Carpenter
Average Salary: $214,021
Guy Carpenter offers top salaries for brokers. They provide financial solutions and risk management. They operate globally with offices in major cities like New York, London, and Hong Kong. They seek skilled brokers to help clients with complex insurance needs.
WTW
Average Salary: $129,616
WTW is known for its competitive salaries for brokers. They provide consulting and brokerage services. With offices worldwide, WTW supports brokers in managing risk and benefits for companies. They focus on delivering high-quality service to their clients.
Aon
Average Salary: $119,900
Aon is a leading company for brokers. They offer a range of services from risk and insurance management. Aon operates in many countries, including the United States, Europe, and Asia. They provide brokers with opportunities to work with diverse clients.
Ryan Specialty Group
Average Salary: $110,785
Ryan Specialty Group pays well for brokers. They specialize in insurance services and risk management. Their offices are located across the United States. They support brokers in providing tailored solutions to clients.
Risk Placement Services, Inc
Average Salary: $103,490
Risk Placement Services, Inc is a top employer for brokers. They focus on insurance and risk management. Operating in major U.S. cities, they offer brokers a chance to work with a reputable firm.
CRC Group
Average Salary: $101,969
CRC Group provides good salaries for brokers. They offer insurance and risk management services. Their offices are spread across the United States. They provide brokers with opportunities to grow and develop in a supportive environment.
ADP
Average Salary: $94,185
ADP offers competitive salaries for brokers. They provide payroll and HR solutions. With a global presence, ADP supports brokers in various locations. They focus on delivering excellent service to their clients.
Windermere Real Estate
Average Salary: $93,624
Windermere Real Estate pays well for brokers. They offer real estate services. They operate in the United States and Canada. Brokers at Windermere work in a dynamic environment with many opportunities for growth.
Molina Healthcare
Average Salary: $91,011
Molina Healthcare provides good salaries for brokers. They focus on health insurance. Operating across the United States, they offer brokers a chance to work in a leading healthcare company.
AmWINS Group, Inc
Average Salary: $77,211
AmWINS Group, Inc offers decent salaries for brokers. They specialize in insurance brokerage. Their offices are in the United States. They provide brokers with a supportive environment to deliver top-notch service.

How to earn more as a Broker?

A broker who aims to increase earnings can focus on several key areas. First, gaining more experience helps a broker understand market trends and client needs better. Experienced brokers can offer more valuable advice, leading to higher commissions. Building a strong professional network also benefits a broker. Connections can lead to more job opportunities and referrals, directly affecting earnings. The third important factor is continuing education. Staying updated with the latest industry knowledge and certifications enhances a broker's credibility and marketability.

Specializing in a particular area, such as real estate or insurance, allows a broker to become an expert. Specialization can lead to higher-paying clients who seek specialized knowledge. Lastly, effective marketing and branding strategies can help a broker attract more clients. Using social media and professional platforms to showcase expertise and success stories can boost visibility and lead to more business.

Here are some factors that can help a broker earn more:

Gain more experience
Build a strong professional network
Continue education and certifications
Specialize in a particular area
Use effective marketing strategies

How much does a Broker make?

What are the highest paying cities for a Broker?

What are the best companies a Broker can work for?

How to earn more as a Broker?

Currently 165 Broker job openings, nationwide.

How's the job market for a Broker in the US?

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