Broker Salaries

Position

Salary

How much does a Broker make?

The average salary for a Broker is $84,271 per year in the US.

Graph depicting the yearly salary distribution for Broker positions, showing an average salary of $84,271 with varying distribution percentages across salary ranges.

Graph depicting the monthly salary distribution for Broker positions, showing an average salary of $84,271 with varying distribution percentages across salary ranges.

Graph depicting the weekly salary distribution for Broker positions, showing an average salary of $84,271 with varying distribution percentages across salary ranges.

Graph depicting the hourly salary distribution for Broker positions, showing an average salary of $84,271 with varying distribution percentages across salary ranges.

Brokers play a key role in matching buyers and sellers in various markets. Their salary reflects their skill in negotiation and market understanding. The average yearly salary for a broker stands at about $84,271. This figure varies widely depending on experience and market conditions.

Here’s a closer look at the salary distribution:

16.32% of brokers earn less than $32,628.
24.78% earn between $32,628 and $51,252.
18.46% earn between $51,252 and $69,877.
16.20% earn between $69,877 and $88,502.
6.37% earn between $88,502 and $107,127.
2.98% earn between $107,127 and $125,751.
3.75% earn between $125,751 and $144,376.
2.38% earn between $144,376 and $163,001.
1.07% earn between $163,001 and $181,626.
0.71% earn between $181,626 and $200,250.
1.97% earn more than $200,250.

The highest earners make significantly more, showing the potential for growth in the field.

What are the highest paying cities for a Broker?

Broker jobs offer lucrative opportunities in many cities. San Francisco, California, leads with an average salary of $151,245. Philadelphia, Pennsylvania, and Houston, Texas, also provide strong salaries at $123,894 and $121,314, respectively. These cities make excellent choices for those seeking higher earnings in the broker industry. Additionally, cities like Tampa, Florida, and Cincinnati, Ohio, follow closely with average salaries over $120,000. This trend shows that brokers can find competitive pay in various locations. Exploring these cities can enhance career prospects and financial stability.

Graph displaying highest paying cities salaries for Broker jobs, highlighting San Francisco, CA with the highest at $151,245 and Atlanta, GA with the lowest at $109,248.

San Francisco, CA
Average Salary: $151,245
In San Francisco, professionals excel in a dynamic environment. Many thrive with firms like Goldman Sachs and Charles Schwab. The tech-driven landscape offers unique opportunities.
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Tampa, FL
Average Salary: $127,120
Tampa provides a stable job market with growth. Companies such as Raymond James and Fidelity Investments dominate. The city's diverse economy ensures steady opportunities.
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Cincinnati, OH
Average Salary: $126,305
Cincinnati offers a mix of established firms and emerging companies. With giants like Cincinnati Financial and ProMedica, the market remains robust. The local economy encourages growth and stability.
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Philadelphia, PA
Average Salary: $123,894
Philadelphia boasts a rich financial sector. Firms like Vanguard and Fidelity attract many. The city’s blend of history and innovation creates a unique job setting.
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Houston, TX
Average Salary: $121,314
Houston’s energy sector fuels growth. Companies like E*TRADE and Baker Hughes offer diverse roles. The city’s economic resilience ensures a steady job market.
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Chicago, IL
Average Salary: $120,290
Chicago offers a vibrant job scene with leaders like E*TRADE and Charles Schwab. The city's diverse industries provide many opportunities for growth and stability.
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Los Angeles, CA
Average Salary: $115,047
Los Angeles offers a dynamic market with top firms like E*TRADE and Charles Schwab. The city’s diverse economy provides various opportunities for professionals.
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Cleveland, OH
Average Salary: $114,167
Cleveland’s market thrives with companies such as Progressive and KeyCorp. The city’s economic diversity offers stability and growth opportunities.
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Seattle, WA
Average Salary: $114,069
Seattle’s tech-focused environment creates many opportunities. Companies like E*TRADE and Charles Schwab dominate. The city’s innovative spirit drives job growth.
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Atlanta, GA
Average Salary: $109,248
Atlanta offers a growing job market with companies such as SunTrust and Raymond James. The city’s economic diversity ensures steady opportunities for professionals.
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What are the best companies a Broker can work for?

Broker jobs in the insurance industry offer attractive compensation. Guy Carpenter leads with an average salary of $203,000. Following closely behind, Ryan Specialty provides an average of $116,103. For those looking to secure a high-paying role, these companies present excellent opportunities. CRC Group Inc. and Risk Placement Services, Inc. also offer competitive salaries. Amwins and USI Insurance Services continue to provide solid financial rewards for their employees.

Graph displaying best paying company salaries for Broker jobs, highlighting Guy Carpenter with the highest at $203,000 and VIPcare with the lowest at $67,346.

Guy Carpenter
Average Salary: $203,000
Guy Carpenter offers exciting Broker jobs with competitive pay. They focus on insurance and risk management. Their offices span from New York to London, providing ample opportunities for those in the industry.
Ryan Specialty
Average Salary: $116,103
Ryan Specialty provides Broker jobs with a solid pay scale. They specialize in risk management and insurance services. With offices across the US, you can find a location that suits your career goals.
CRC GROUP INC
Average Salary: $103,591
CRC GROUP INC offers rewarding Broker jobs. They focus on insurance and risk management. Operating from major cities like Chicago and Los Angeles, they provide dynamic work environments.
Risk Placement Services, Inc.
Average Salary: $100,845
Risk Placement Services, Inc. has competitive Broker salaries. They offer positions in insurance and risk management. With offices in Denver and San Francisco, they attract industry professionals.
Windermere Real Estate
Average Salary: $93,823
Windermere Real Estate provides Broker jobs with a strong salary. They focus on real estate and property management. Their presence in major cities like New York and Miami offers diverse career paths.
NFP, an Aon company
Average Salary: $90,480
NFP, an Aon company, offers good pay for Brokers. They specialize in insurance and risk management. Their offices in Boston and Philadelphia offer numerous opportunities for growth.
Molina Healthcare
Average Salary: $90,272
Molina Healthcare provides Broker jobs with a solid salary. They focus on healthcare and insurance services. Their operations in Los Angeles and Seattle offer a stable work environment.
Amwins
Average Salary: $81,671
Amwins offers Broker jobs with a respectable salary. They focus on insurance and risk management. With offices in Chicago and New York, they attract dedicated professionals.
USI Insurance Services
Average Salary: $74,495
USI Insurance Services provides Broker jobs with a decent pay scale. They focus on insurance and risk management. Their presence in major cities like Dallas and San Francisco offers diverse career paths.
VIPcare
Average Salary: $67,346
VIPcare offers Broker jobs with a competitive salary. They focus on healthcare and insurance. With offices in Tampa and Miami, they provide a supportive work environment.

How to earn more as a Broker?

To increase earnings as a broker, it is important to focus on several key strategies. Building a strong network of clients and maintaining good relationships will lead to more business opportunities. Brokers should also stay updated on market trends to offer informed advice. Diversifying services, such as offering both insurance and real estate brokerage, can increase revenue streams. Continuous professional development through courses and certifications will enhance skills and marketability. Lastly, leveraging technology for efficient client management and marketing can lead to more successful deals.

An effective approach to earning more as a broker includes:

Building and nurturing a network of clients.
Staying informed on market trends.
Diversifying the range of services offered.
Pursuing continuous professional development.
Utilizing technology for better client management and marketing.

By focusing on these areas, brokers can improve their financial standing and career prospects.

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 162 Broker job openings, nationwide.

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

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