This is an entrepreneurial business. A broker's commission is based on the number of clients he or she recruits, the amount of money they invest, and the profit they make. The sky's the limit. In recent years, the most successful broker made $25 million in a year. Brokerage assistants averaged $4,257 per month in 2024, according to ZipRecruiter.com, plus a commission on sales. Smaller firms are likely to pay a smaller commission.
The U.S. Department of Labor reports that the mean annual earnings for securities, commodities, and financial services sales representatives (a group including commodities brokers) were $149,860 in May 2023. The lowest paid 10 percent earned less than $45,420; the highest paid 10 percent earned more than $212,180 annually.
Benefits vary but are usually very good at large companies. For example, brokers may be eligible for paid time off, sick days, personal days, and holidays. Some firms offer flextime during the summer, allowing employees to take Fridays off by working longer hours during the week. Brokers also receive numerous forms of insurance, including medical, life, and disability. At some firms, full tuition reimbursement is available, as are company-matched savings plans, tax-deferred savings plans, and a retirement programs. Self-employed brokers must provide their own benefits.
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