Financial Services Brokers

Trainee brokers usually receive a salary until they develop a client base. In September 2019, Glassdoor.com reported the median annual salary for broker trainees was $43,178. 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 pay annual bonuses to their brokers when business warrants. Since earnings can fluctuate greatly based on the condition of the market, some brokers may find it necessary to supplement their income through other means during times of slow market activity.