Estimators, valuers and assessors
£66,743
Average salary
41 hours
Average weekly hours
1.85%
Unemployment rate
Definition: Brokers
*SOC Code (Standard Occupational Classification): 3531
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.
Common tasks include:
- 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
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.
*Introduced in 1990, SOC is a multi-purpose common classification of occupations in UK. Jobs are defined in terms of skill level and skill content, including qualifications, training and work experience.
Employment status: Brokers
Regional employment: Brokers
Future employment: Brokers
Top 12 industries: Brokers
Alternative & related job titles: Brokers
Foreign exchange dealer Insurance broker Investment administrator Stockbroker Trader (stock exchange)
Equality focus: Brokers
Breaking down the official government big data sources by gender, age and region. Hours and pay data based on full time equlivalent roles.
Breakdown by gender
£64,657
Female average annual salary
£67,786
Male average annual salary
38
Female average weekly hours
42
Male average weekly hours
Average pay per hour: Brokers
Workforce gender: Brokers
Breakdown by region
£72,479
London - highest annual average salary
£57,357
East Midlands (England) - lowest annual average salary
43
Wales - Highest average weekly hours
39
London - Lowest average weekly hours
Average pay per week (£): Brokers
Average weekly hours by UK region/nation: Brokers
Breakdown by age
20 years
Lowest annual salary (£21,900)
years
Highest annual salary (£0) at this age