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$40,352

Average Base Salary

$19/hr

Average Hourly Rate

$851

Average Bonus
The average institutional broker salary in Alabama, United States is $40,352 or an hourly rate of $19. This is 10% lower (-$4,718) than the average institutional broker salary in the United States. In addition, they earn an average bonus of $851.
Salary by Experience

$29,393

Entry Level Salary

$55,498

Senior Level Salary
An entry level institutional broker (1-3 years of experience) earns an average salary of $29,393. On the other end, a senior level institutional broker (8+ years of experience) earns an average salary of $55,498.

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Job Description
Perform duties related to the purchase, sale or holding of securities. Duties include writing orders for stock purchases or sales, computing transfer taxes, verifying stock transactions, accepting and delivering securities, tracking stock price fluctuations, computing equity, distributing dividends, and keeping records of daily transactions and holdings.

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About the Data

The above data is a data available in ERI Economic Research Institute's Global Salary Calculator. The Global Salary Calculator provides compensation data for over 45,000 positions in 8,000+ cities in 69 countries. Try a free demo of the cloud-based Global Salary Calculator.

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