Broker Salary at Mutual Funds BETA

How much does a Mutual Funds Broker make?

As of March 2025, the average annual salary for a Broker at Mutual Funds is $98,026, which translates to approximately $47 per hour. Salaries for Broker at Mutual Funds typically range from $85,490 to $117,523, reflecting the diverse roles within the company.

It's essential to understand that salaries can vary significantly based on factors such as geographic location, departmental budget, and individual qualifications. Key determinants include years of experience, specific skill sets, educational background, and relevant certifications. For a more tailored salary estimate, consider these variables when evaluating compensation for this role.

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Mutual Funds Overview

Website:
mutualfunds.com
Size:
50 - 100 Employees
Revenue:
$10M - $50M
Industry:
Financial Services

MutualFunds.com: It's been a solid and steady year for the Becker Value Equity Fund (BVEFX). In a world where investors have scrambled for yield, it appears the fund has identified numerous opportunities that offer a bit of value and yield, specifically top holdings Microsoft (MSFT), Pfizer (PFE), and JP Morgan (JPM). Are you content with where the stocks are currently trading and would you say these names are core examples of what you look for? Mike McGarr: Of the three stocks you mention, only Microsoft (MSFT) would be considered close to fully-valued under our disciplines. The renewed emphasis on sound capital deployment, including dividends, by their new CEO, Satya Nadella, has certainly rewarded shareholders this year. Nevertheless, the valuation is now less compelling, and the company faces more challenging comparisons over the coming year. We have not been adding to our position of late. Pfizer (PFE) and JP Morgan (JPM) remain core positions in the Becker Value Equity Fund, and we would not be averse to adding to those positions at current levels. Both are good examples of what we look for in our investments: companies with compelling valuations, robust balance sheets, strong records of return on invested capital and a disciplined approach to capital deployment. MutualFunds.com: There are plenty of areas where value doesn't appear as attractive when it comes to current valuations. Utilities, tobacco, and airline names are starting to bump above levels that normally raised red flags for value-focused managers. Do you think these sectors are getting pricey and where else would you say investors may want to exercise caution? Mike McGarr: Utility shares are one area, as you suggest, where investors looking for a return in a yield-starved market have taken valuations to levels that are expensive given their limited growth prospects, capital spending needs, and regulatory challenges. We're down to just one electric utility, Xcel Energy (XEL), and consider it more of a source of funds for new and more ...

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What Skills Does a person Need at Mutual Funds?

At Mutual Funds, specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.

  1. Insurance Sales: Insurance sales involves selling various types of insurance to customers, including home, life, health and auto insurance. Primary goal is to get information about clients' needs and match them with insurance policies they offer.
  2. Life insurance: Life Insurance can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period
  3. Presentation: Presentation conveys information from a speaker to an audience. Presentations are typically demonstrations, introduction, lecture, or speech meant to inform, persuade, inspire, motivate, build goodwill, or present a new idea/product.
  4. Health insurance: Health insurance is a type of insurance coverage that pays for health and medical expenses. Health insurance covers some or all of the costs of routine care, emergency care, and treatment for chronic illnesses.
  5. Networking: Ability to maintain, build and expand a personal and business contact list to grow one's career and business opportunities.

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Check more jobs information at Mutual Funds

Job Title Average Mutual Funds Salary Hourly Rate
2 Financial Advisor $59,597 $29
3 Financial Consultant $145,179 $70
4 Distributor $43,717 $21
5 President $896,689 $431
6 Columnist $60,121 $29
7 Executive Secretary I $73,348 $35
8 Mutual Fund Specialist $127,287 $61
9 Regulatory Officer $106,816 $51
10 Staff Reporter $50,825 $24

Hourly Pay at Mutual Funds

The average hourly pay at Mutual Funds for a Broker is $47 per hour. The location, department, and job description all have an impact on the typical compensation for Mutual Funds positions. The pay range and total remuneration for the job title are shown in the table below. Mutual Funds may pay a varying wage for a given position based on experience, talents, and education.
How accurate does $98,026 look to you?

FAQ about Salary and Jobs at Mutual Funds

1. How much does Mutual Funds pay per hour?
The average hourly pay is $47. The salary for each employee depends on several factors, including the level of experience, work performance, certifications and skills.
2. What is the highest salary at Mutual Funds?
According to the data, the highest approximate salary is about $117,523 per year. Salaries are usually determined by comparing other employees’ salaries in similar positions in the same region and industry.
3. What is the lowest pay at Mutual Funds?
According to the data, the lowest estimated salary is about $85,490 per year. Pay levels are mainly influenced by market forces, supply and demand, and social structures.
4. What steps can an employee take to increase their salary?
There are various ways to increase the wage. Level of education: An employee may receive a higher salary and get a promotion if they obtain advanced degrees. Experience in management: an employee with supervisory experience can increase the likelihood to earn more.