Financial Services Brokers


Overview

Financial Services Brokers

Introduction

Financial services brokers represent both individuals and organizations who wish to invest in and sell stocks, bonds, or other financial products. They are sometimes known as registered representatives, account executives, securities sales representatives or agents, or stockbrokers. Financial services brokers analyze companies offering stocks to see if investing is worth the risk. They also advise clients on proper investment strategies for their own investment goals. Securities, commodities, ...

Quick Facts


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Median Salary

$76,900

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Employment Prospects

Good

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Minimum Education Level

Bachelors Degree


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Experience

Experience in general sales positions or in a summer internship o


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Skills

Financial|Math|Research|Sales


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Personality Traits

Conventional|Enterprising|Realistic

Earnings

Trainee brokers usually receive a salary until they develop a client base. In October 2024, ZipRecruiter.com reported that the median annual salary for broker trainees was $43,530 in 2024. Once the financial services broker has acquired a sufficient number of accounts, he or she works solely on a commission basis, with fees resulting from the size and type of security bought or sold. Some firms...

Work Environment

Brokers work more flexible hours than workers in other fields. They may work fewer hours during slow trading periods but be required to put in overtime dealing with paperwork during busy periods.

The atmosphere of a brokerage firm is frequently highly charged, and the peaks and drops of market activity can produce a great deal of tension. Watching fortunes being made is exciting, but the...

Outlook

The U.S. Department of Labor (DOL) predicts that job opportunities for financial services brokers are expected to grow faster the average for all careers from 2023 through 2033 because of continued interest in the stock market and the increasing number and variety of financial products. Rising personal incomes and greater inherited wealth are increasing the amount of funds people are able to in...

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