Brokers roles in the UK earn a median of £47,514 per year, equivalent to £21.82 per hour as of 2024. Pay varies across the UK, ranging from £40,647 to £72,001 per year.
Median Annual Pay
£47,514
as of 2024
Median Hourly Pay
£21.82
per hour
Year-on-Year Change
—
No prior year data
Annual Pay Range
£38,144
–
£61,231
25th – 75th percentile
How Pay Varies Across the UK
Each bar shows how many areas of the UK have a median annual pay in that range for Brokers roles.
The dashed line marks the national median.
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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.
Typical Tasks and Duties
advises client on the suitability of insurance schemes and places insurance on behalf of client
discusses buying and or selling requirements of client and gives advice accordingly
analyses information concerning market trends for commodities, financial assets and foreign exchange and advises client and employer on the suitability of investments
records and transmits buy and sell orders for stocks, shares and bonds and calculates transaction costs
provides independent advice on the suitability of insurance schemes and places insurance on behalf of client
arranges 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
obtains cargo space, fixes freight charges and signs and issues bills of loading
collects freight charges from client and undertakes all necessary formalities concerning customs and the loading/unloading of cargo
Entry Routes and Qualifications
There are no formal academic requirements although many employers require entrants to possess a degree or equivalent qualification. Training is typically undertaken in-house, although entrants may attend courses run by professional institutions. Registration with a regulatory authority may be required in some positions.