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As of August 01, 2026, the average salary for a Lead Broker in Michigan is $178,500 per year, which breaks down to an hourly rate of $86.
However, a Lead Broker's salary can vary significantly. Here’s a look at the typical salary range:
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Lead Broker Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $187,700 | $15,642 | $3,610 | $90 |
| Average | $178,500 | $14,875 | $3,433 | $86 |
| 25th Percentile | $141,900 | $11,825 | $2,729 | $68 |
Aramark - POST FALLS, ID
Cargill - SWANTON, VT
Aramark - BUFFALO, WV
Home Instead - HUDSON, NH
A Lead Broker's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, and company size can directly affect your earning potential.
Experience is a primary driver of a Lead Broker's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Entry Level Lead Broker | $162,086 |
| Intermediate Level Lead Broker | $164,813 |
| Senior Level Lead Broker | $171,902 |
| Specialist Level Lead Broker | $179,413 |
| Expert Level Lead Broker | $182,591 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Lead Brokers. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
Lead Broker salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $190,178. While startup companies pay approximate $161,488.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $161,488 |
| Growth Stage | 51~500 | $170,653 |
| Established | 501~5000 | $183,819 |
| Enterprise | 5000+ | $190,178 |
For Lead Broker roles, the industry you choose can impact your earning potential by as much as 40% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Financial Services, offers compensation 20% above the average. Conversely, Lead Broker positions in Business Services typically offer lower base pay, as this sector often view Lead Broker as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Financial Services | $214,200 | $103.0 | 20% |
Understanding how a Lead Broker's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $187,700 | $15,642 | $3,610 | $90 |
| Average | $178,500 | $14,875 | $3,433 | $86 |
| 25th Percentile | $141,900 | $11,825 | $2,729 | $68 |
For a Lead Broker, the most direct path to higher earnings is advancing to the Exchange Floor Manager role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $151,200 - a projected growth of -15% over your current level.
Ready to take the next step in your career? Browse thousands of current Lead Broker job openings on our job board. Use the search bar below to find your perfect match.
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