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Salary and Benefits

Broker
$51K-$63K / yr. (est.)
$52K
$57,337 / year
$63K
Average base salary
The salary information provided is based on data collected from various reliable sources and may vary depending on individual qualifications and other factors.

About Broker

What does a Broker do?

As Brokers, we are tasked with running large-scale marketing campaigns to raise the company’s brand image and emphasis competitive inters rates on each loan. We welcome prospects in the facility and analyze their creditworthiness based on their expected earnings and assets/liability ratio to determine how much the company should lend them. We also follow every relevant state, federal and governmental law and regulation to avoid potential lawsuits for money laundering, loan fraud, or any other legal issue.

Core tasks:

  • close deals with prospects when required
  • pitch the prospect’s idea to investors

Insights

How Many Years of Experience Do Professionals Need Before Becoming Broker?
On average, people work 5-7 years in other positions prior to becoming a Broker.
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BrokerSeattle, WA - A year ago
5-7 years seems about right. It takes time to learn the ins and outs of the industry and gain the necessary experience.
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BrokerNew York City, NY - A year ago
🙄 I can't believe people are complaining about waiting 5-7 years to become a Broker. It's called patience, people!
How Long Do Broker Employees Typically Stay in Their Roles?
On average, Brokers works in this position for 5+ years across multiple employers.
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Freight BrokerHouston, TX - A year ago
🤬 Those numbers clearly do not apply to Freight Brokers! Building strong connections with shippers and carriers takes time and effort. 5+ years? Try double that!
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Mortgage BrokerMiami, FL - A year ago
Honestly, who came up with this misleading statistic? As a Mortgage Broker, I know that it takes years to establish a strong network of lenders and borrowers. 5+ years? Please!
What Is the Job Hopper Score for Broker Employees?
Moderate job changes in Broker, showing some career movement without excessive turnover.
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Options TraderHouston, TX - A year ago
Is this infographic only accounting for established brokers? 'Cause the reality for newcomers like me is much rougher! 😤
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Mortgage BrokerMiami, FL - A year ago
I've never felt so secure in my career choice! This infographic validates that being a mortgage broker is the way to go. 🏢

Career path

Path to job

Discover a Broker's areas of knowledge sorted by their majors.
Explore the list of higher education institutions that a Broker typically studied at.
Arizona State University-Tempe
The University of Texas at Austin

Path after job

Community

Demographics

What Is the Age and Gender Ratio of Broker Employees?
Gender ratio in Broker position: 0.630108885965003 Male and 0.369891114034997 Female. Age ratio in Broker position: 16-20: 5%, 21-30: 37%, 31-40: 26%, 41-50: 18%, 51-60: 10%, 60+: 4%. Broker position is predominantly male (63.0%) with the largest age group being 21-30 years old, followed by 31-40 years old.
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BrokerHouston, TX - A year ago
This male-dominated industry needs to address gender inequalities and make it more inclusive! 🔥
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BrokerSan Francisco, CA - A year ago
Only 4% above the age of 60? How can we promote more diversity in this field? 🤔

Workplaces

Who Are the Top Employers for Broker?
Top employers of Broker position: Coldwell Banker, Coldwell Banker Residential Brokerage, Keller Williams Realty. People who work in Broker position most typically go on to work for the Coldwell Banker.
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BrokerMiami, FL - A year ago
Keller Williams is known for nurturing the entrepreneurial spirit in brokers, giving them the freedom and resources to succeed. It's the only way to go.
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BrokerBoston, MA - A year ago
Stop arguing about the employers, focus on the skills and expertise needed to excel in this industry. These companies all have their own strengths and weaknesses, but it's the individuals that make the most impact.
Coldwell Banker
Coldwell Banker Residential Brokerage
Keller Williams Realty
What Industries Does Broker Typically Have Experience In?
Industry Background: The most typical industries of Broker: Real Estate / Rental / Leasing, Finance & Insurance, Transportation & Warehousing, Professional / Scientific / Technical, Administrative & Support. Broker employees most likely come from a Real Estate / Rental / Leasing industry background.
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Stock BrokerNew York City, NY - A year ago
💸 Can you really make millions as a stock broker or is that just a Hollywood fantasy?
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Mortgage BrokerMiami, FL - A year ago
Low interest rates and a booming real estate market in Miami must mean big opportunities for commercial mortgage brokers, right? 📈

Find your job as Broker

Discussion about Broker

Want to know more about Broker position?
Share your thoughts and ideas about Broker position with others in our community.
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Is Broker a female or male dominated profession?
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Benjamin Gardner3 years ago
Mostly men choose this job, but women also choose this.
What is the typical age of people who work as a Broker?
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Isabella Holmes3 years ago
The average age is 36
Is a Broker considered to be a senior profession?
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Sophie Hayes3 years ago
You should work for 6 years on average to become a Broker.
Which industries have a lot of people working in Broker roles?
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Benjamin Gardner3 years ago
Real Estate / Rental / Leasing is the most frequent for a Broker.
Is it encouraged to have a degree as a Broker?
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Isabella Holmes3 years ago
You should be fine with No higher education
Which company are you working for as a Broker?
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Sophie Hayes3 years ago
Coldwell Banker, Coldwell Banker Residential Brokerage, Keller Williams Realty and Windermere Real Estate has the most employees.
How long do people usually work as a Broker when they switch to another position?
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Liam Brown3 years ago
More than 5 years is the typical lifespan for a Broker.
How likely is it for people working as a Broker to switch companies still working as a Broker?
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Liam Brown3 years ago
On average a Broker works for only a few companies.
From which job titles people come from to work as a Broker?
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Benjamin Gardner3 years ago
You have a good chance of becoming a Broker if you are working as Associate Broker, Realtor or Real Estate Agent
If I’m working as a Broker, what next position could I have?
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Isabella Holmes3 years ago
Associate Broker, Real Estate Broker or Vice President can be a good next step
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Disclaimer

informationLENSA generates certain information provided on this website by compiling and analyzing publicly available data and data from employees/former employees. All company names are the registered trademarks of their original owners. The use of any trade name or trademark does not imply any association with the third-party company. None of the information provided is endorsed in any way by any of the companies mentioned. We do not guarantee the accuracy, currency, or suitability of this information (including regarding demographics or salary estimate) and you are responsible for how you use it. ALL INFORMATION IS PROVIDED “AS IS” AND “WITH ALL FAULTS”. We are not responsible for nor endorse third party content on our website. If you notice any inaccurate information or information you think is proprietary you can email us at [email protected]. See our Terms and Conditions and Community Guidelines for more information.