A Stockbroker is a qualified and licensed professional who buys and sells stock according to their client’s demand. A career in the stock market is a lucrative option because of continuous economic development and also because of the constant profits that it incurs. A Stockbroker is also incharge buying and selling securities on stock exchange on behalf of their clients.
In order to become a Stockbroker, aspiring candidates must pursue certain qualifications to become a Stockbroker such as Diploma, Undergraduate or Postgraduate Stock Broking courses or Stock Trading Courses. India is home to a number of Top Stockbroking Colleges, who grant admissions to these courses are done on the basis of merit as well as on the basis of Entrance Exams. Some skills of a stockbroker are analytical thinking, knowledge in math, well knowledge of the market, customer skills, etc. Read More: Certificate Courses in Stock Market
In India, the average starting salary of the Stockbroker is around INR 3 LPA which increases with experience and expertise of a candidate. With over 20 years of experience, Stockbrokers in India expect to earn around INR 7.50 LPA. However, the highest salary of a StockBroker in India is around INR 20 LPA. The salary of a Stockbroker in India varies depending upon various factors such as experience, companies, qualifications, region, etc. Read More: Types of Stock Brokers
Table of Content
2.2 City Wise Salary
3.1 Stock Broker Salary in India
3.2 Stock Broker Salary in Canada
Salary of a Stockbroker: Quick Facts
- The average annual salary of a Stockbroker in India is around INR 3.90 LPA which increases with experience and expertise in this field.
- The average salary of a Stockbroker in India is comparatively less than the average salary of Stockbrokers in other countries like the USA, UK, Canada, etc.
- The salary of Stockbroker varies depending upon various factors such as experience, companies, region, and qualifications of a person.
Check out: Stock Broking Top colleges
Average Salary of a Stockbroker
The average annual salary of a Stockbroker in India ranges around INR 3.90 LPA - 7 LPA which can grow upto INR 20 LPA with experience and expertise in the field. The salary of a StockBroker is dependent upon various factors such as experience, qualification and skills of the person. The salary packages based on several aspects are discussed below.
Experience Wise Salary
The experience Wise salary of a Stockbroker in India is given below in the tabular chart:
| Years Of Experience | Annual Annual Salary (INR) |
|---|---|
| Entry-level | 2.50 L |
| Mid-Career | 5.45 L |
| Experienced | 7.50 L |
City Wise Salary
The salary of a Stockbroker in India also varies depending upon the city or place they are working in. The average annual salary of a Stockbroker in different popular cities in India are tabulated below:
| City Names | Annual Annual Salary (INR) |
|---|---|
| Delhi | 5.65 L |
| Mumbai | 3.11 L |
| Hyderabad | 3.50 |
| Bangalore | 6 L |
| Pune | 5 L |
Aslo Check: BBA in Finance
Salary of a Stockbroker: Country Wise
The salary of a Stockbroker varies depending upon various aspects, there is a huge difference between the salary paid to Stockbrokers in India as well as in foreign countries. In India, Stockbrokers are usually paid less as compared to other countries.
According to Payscale, the average salary of a Stockbroker in India is around INR 3.90 LPA while in the United States of America it is around INR 45.23 LPA. Similarly, the salary of a Stockbroker varies depending upon the country or region they work in. The experience wise average annual salary of a Stockbroker in different countries is mentioned below:
Salary of a Stockbroker in India
Stockbrokers in India are paid less as compared to many other countries such as the USA, UK, Canada, etc. The average annual salary of Stockbroker in India according to their experience level is tabulated below:
| Years Of Experience | Annual Annual Salary (INR) |
|---|---|
| 0-3 year | 3 L |
| 4-9 year | 3.74 L |
| 10-20 year | 5.46 L |
Check: MBA in Finance
Salary of a Stockbroker in Canada
The average broker salary in Canada is around INR 27,42,838 per year, while most of them in Canada are paid on an hourly basis. The salary of a Stockbroker in Canada is INR 1,407 per hour. However, the experience-wise average annual salary of a Stockbroker in Canada is given below:
| Years Of Experience | Annual Annual Salary (INR) |
|---|---|
| 0-3 year | 28 L |
| 4-9 year | 48 L |
| 10 years | 61.80 L |
Salary of a Stockbroker in USA
Experience plays an important role while determining the average annual salary of a Stockbroker. The average annual salary of a Stockbroker in the USA is given below in the table chart:
| Years Of Experience | Annual Annual Salary (INR) |
|---|---|
| 0-3 years | 41.24 L |
| 4-9 year | 60.74 L |
| 10 years | 75 L |
Also Read: Courses to Become a Stock Broker
Salary of a Stockbroker in UK
The average salary of the Stockbrokers in the United Kingdom varies depending upon various factors such as Experience, Region, etc. The experience wise average annual salary of a Stockbroker in the UK is given below:
| Years Of Experience | Annual Annual Salary (INR) |
|---|---|
| 0-3 years | 21.67 L |
| 4-9 year | 43.34 L |
| 10 years | 85.65 L |
Salary of a Stockbroker : FAQs
Ques. What is the role of the stockbroker?
Ans. the day-to-day activity of the stock broker is office work. Sometimes they go to the client's office to offer consultation and services.
Ques. What is the workplace of the stockbroker?
Ans. They mostly work in the office environment. he/she spend most of the time on communicating to the client on the telephone
Ques. What are the types of stockbrokers?
Ans. There are three types of the stockbroker are-
- Full-service broker- they give full services to a client like personal services. Give day-to-day information for trading on the stock market.
- Discount broker- He is a professional who takes orders from clients. Do not give any type of advice and research services.
- Online broker – They give support to clients on carrying out their everyday research.
Ques. How to become a stockbroker?
Ans. Students need at least a bachelor's degree to become a stockbroker.
Ques. What is the skillset to become a stockbroker?
Ans. The skills set to become a stockbroker are-
- Listening skills - A career as a stockbroker demands providing an ear to the client and understanding their concerns.
- Speaking skills – One needs to properly talk and explain the plan and advantage of the stock to the client on a daily basis.
- Persuasion skills - A stockbroker must be able to persuade his or her clients to listen to him or her and get convinced by their recommendations.
Ques. Which is the top country that offers a stockbroker degree?
Ans. Some of the top colleges that provide a degree in financial services or StockBroker degrees are listed below:
- Mount Carmel College, Bangalore
- Symbiosis College of Arts and Commerce, Pune
- PSG College of Arts and Science, Coimbatore
- St. Joseph's College, Bangalore
- St. Xavier’s College, Ranchi
- St. Thomas College, Thrissur
Ques. What is another alternative career path similar to the stockbroker?
Ans. Other alternatives of stockbroker are financial adviser, investment banker and many more.
Ques. What are the qualifications to become a stockbroker?
Ans. A bachelor, master or associate degree in finance, marketing and management supports the career of a stockbroker.
Ques. What is the average salary of a stockbroker in India?
Ans. At the start of their career, the average salary of a StockBroker in India is around INR 3,90,000. However it varies depending upon various parameters.
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