Broker

Brokers deal in commodities, stocks, shares and foreign exchange on behalf of clients or on own account, broker insurance and reinsurance, and buy and sell shipping and freight space.

Tasks

  • Collects freight charges from client and undertakes all necessary formalities concerning customs and the loading/unloading of cargo.
  • Obtains cargo space, fixes freight charges and signs and issues bills of loading.
  • Arranges for the production of auction catalogues, fixes reserve prices, attends auction and bids on behalf of client, or negotiates purchase/sale by private treaty of goods not sold at auction.
  • Provides independent advice on the suitability of insurance schemes and places insurance on behalf of client.
  • Records and transmits buy and sell orders for stocks, shares and bonds and calculates transaction costs.
  • Analyses information concerning market trends for commodities, financial assets and foreign exchange and advises client and employer on the suitability of a particular investment.
  • Discusses buying and or selling requirements of client and gives advice accordingly.
  • Advises client on the suitability of particular insurance schemes and places insurance on behalf of client.

Typical Education Level

Honours, Bachelor's degree

Will retirement created job openings

In the UK, 7% in this profession are aged 55 or above.* They will likely retire in the next 10 years, creating a demand for new workers

*This is based on national data

£54,659

Average annual earnings

The current average wage for broker is £54,659

1,040 positions

Current Employment

The number of jobs in the career for the current year is 1,040. Job counts include both employed and self-employed persons, and do not distinguish between full- and part-time jobs.

jobs

Job Postings

Over the past year, jobs have been posted for broker roles.

How well does it pay?

Normal pay for this occupation is £54,659 per year. That is about £4,555 per month or £28.03 per hour. New workers generally start on £12,480, while highly experienced workers can earn as much as £40,685

Is it growing or declining?

This career has remained the same over the last 2 years, and is expected to remain the same over the next 4 years. Currently, 1,040 people are employed in the region.

Apply or find out more

Marketing Permissions

Once we have responded to your initial enquiry we would love to keep you informed of other, similar courses you may be interested in via email.


Is this ok?