Broker Salaries

We reveal the average Broker salaries in the United Kingdom and how experience, industry, region, and city affect your earning potential.

The average Broker salary is £41,687.
Working in Broker you can earn between £21,500 and £89,974.
The starting salary for junior Broker jobs is £21,500.
The hourly pay range for Broker jobs is £10.34 to £43.26.

Quick Links

• Broker Salary
• How to earn more as a Broker
• Salary stats for a Broker

Starting Broker Salary

If you are starting your career in Sales, then it is inevitable that your base salary will fall below the average Sales salary. 

Negotiating your starting salary

However, you may be able to negotiate a more competitive salary if you have relevant qualifications or transferable skills. When negotiating your starting salary, focus on useful experience gained during academic modules and projects, and part-time or full-time work in another field.

Broker Highest Salary Per Year

The highest Broker salary per year will go to those with significant experience working in the Sales industry. Age and experience level set a salary trend where the highest salary is achieved during the individual’s 30s, which is then maintained during their 40s. 

Salary declines

The average Broker salary range begins to drop during people’s 50s, for various reasons such as redundancy, late-career changes, and as the industry itself changes due to technology advancements and broader world issues.

Annual Salary by Broker Location

The average total compensation for a Broker varies significantly across the United Kingdom. Your salary estimates should be higher if you intend to work in London and its surrounding region. If you can’t or don’t want to commute into London, other large cities offer excellent earning opportunities. 

How to Earn More as a Broker

Gaining additional qualifications and putting in years of work are assured routes to earning more as a Broker. However, there are many other ways to earn a higher wage.

Work more hours or non-standard hours

It almost goes without saying that you will earn more if you work full-time, instead of part-time. Overtime will increase your total hours, and some employers offer a higher hourly rate for overtime, mainly if the hours are during undesirable times, such as in the evening, night, or weekend. If shift work is a possibility, then you should expect a higher hourly rate.

Choose a Broker job where salary is linked to performance

Choosing an employer that pays a commission or a performance bonus can significantly lift your annual compensation. A busy role is the key to success here, so you might need to find an inner-city employer to maximise your earning potential.

Research related jobs

If you have reached your salary pinnacle as a Broker, it may be time to look at related roles. You will likely have gained the experience you need to shift your career direction or consider working as a freelancer or consultant.

Ask your employer for a raise

Asking your employer for a raise can seem daunting. Before you start a salary conversation, consider why you deserve a pay raise. Evidence is vital and persuasive, so it helps to collate performance figures, certificates, recognition, and awards.