How much do you thin an "OK" stock broker would make a year

Question

How much do you thin an "OK" stock broker would make a year

Answer 1

whatever his severance pay is.

"OK" stock brokers don't get to keep their jobs very long.

Answer 2

it depends on how long the broker has been in teh game.  a young, junior broker get paid very little.  and skill has little to do with it, b/c a broker is a sales person, and in the early years, he/she has to build up his/her book of business, and get clients in the door, from whom fees can be derived.

now, a broker who has been in teh business for many years, or just happens to have a large client list, can easily earn sevearl hundred thousand dollars...and taht's even after a 50/50 split w/the house...i.e. his/her employer like Merril Lynch, UBS, or whoever.

In college, I interned with a top producer at PaineWebber (now a part of UBS) and i snuck a peak at his half-year production statement, and he generated for himself $600,000 in revenues (after the split, so really it was 1.2 million).

in the beginning, a junior broker will earn a low salary, say $35,000,, plus commission.  some companies will pay more, like $60 ,000 and they'll feed you alot of prospective clients.  you just have to not sound like a moron and be able to close teh deal.

it's better to work for a big name, so you can use that name to market your services.  Merril Lynch has a HUGE retail arm (i.e. brokers)...probably the biggest in the US.   Lots of other boutique firms as well.   There are a ton of broker positions out there, b/c again, brokers are salespeople.   also, brokers can also sell other products besides jsut stocks and bonds.  they can sell insurance products as well.

i knew a broker who specialized in pushing municipal bonds to very wealthy and institutional clients.  she did VERY well.

Answer 3

ALL stockbrokers are "ok"! Their job is to simply pass on info from their research department onto their clients depending on their client's age, income, risk tolerance, and investment profile. The process that they follow to determine how their clients should invest are the same ones nearly every other broker follows. The only real variation is what funds their company is able to invest into.

The only major difference comes down to experience. A new broker (1-3 years) probably averages about $50,000. But a broker with say 10 years experience probably makes on average about $150,000. Another minor factors on income depends on locale (major city or suburb) and target clientele (some only accept high net worth for instance).