What is the average salary of a stockbroker?

Answer 1

Stockbrokers or financial advisors are typically not salaried employees and normally generate their compensation through commissions, fees and money trails. The exception to this is in the trainee stage where most companies will pay you a salary for one to two years so that you can build up a client base. This starting salary will range and depends on your geographic location (New York...higher, Kansas...not) and also what experience and connections you bring to the table. Once your client base is established then the compensation range is a factor of how hard you work and your assets under management. I know brokers that barely make enough to survive and others that have W-2 income that breaks into the 7 figures.