Salary Levels - Prime Brokers
Average Compensation for Prime Brokers
According to www.indeed.com/salary Prime Brokerage Salaries in the United States are vary in different states. The average salary for entry level prime broker in the US is $49,000 as of recent. However in NY, MA, IL, CA the average salary for entry level prime brokers are much higher and these numbers relatively are $57K, $55K, $51K and $48K.
For junior prime brokers, the average salary in the US is $52,000. In NY, MA, IL and CA these numbers are $61K, $58K, $54K and $51K.
The average salary for senior executives is much higher than junior and entry level prime brokers since this number is $80,000 within the US. In the NY, MA, IL, CA relatively are $94K, $90K, $84K and $79K.
What these numbers seem not to include are the monthly commission checks which are cut to successive prime brokerage relationship managers. These individuals can make $5,000-100,000/month through trading commissions alone.