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Oil Broker Salary in Madison, WI

How much does an Oil Broker make in Madison, WI? The salary range for an Oil Broker job is from $51,559 to $65,048 per year in Madison, WI. Click on the filter to check out Oil Broker job salaries by hourly, weekly, biweekly, semimonthly, monthly, and yearly.

Average base salary
updated at December 01, 2024
$58,339
Per Year
The average salary for an Oil Broker is $58,339
per Year in Madison, WI.
Individually reported data submitted by users of our website

HOW SHOULD YOU USE THIS DATA?

Employees: Use this as a guide for salary expectations, but be aware that responsibilities can change across companies for the same job title, so there may be differences between this data, other free site and our subscription products bought by employers.

Employers: This data could be used as reference point in your market pricing, but not the only source, due to differences across jobs locations, and sizes of companies.Consider additional sources like our Employer reported data.

Base Salary
$51,559
$58,339
Medium
$65,048

Highest Paying Cities for Oil Broker near Madison, WI

We list eight cities that pay high wages to Oil Broker near Madison. The salary difference may cause by many reasons, such as the cost of living. The competition will also be fiercer where wages are high. Click the city name to learn more about the Oil Broker pay level in these cities.

States with Higher Salaries for Oil Broker

Here are the top five states that pay the highest Oil Broker salary in the United States. District of Columbia takes first place with the highest Oil Broker salary is $65,920 per Year. California and New Jersey take the second and third place with $65,328 per Year and $64,913 per Year in the list. A higher average Oil Broker salary indicates a higher cost of living too.

How Much Do Similar Professions Get Paid in Madison, WI?

The following job titles have similar responsibilities as an Oil Broker. However, the different job titles may have different salaries. Learn each job, and finger out the most suitable position with the highest wage for you in your city.
Broker
Average salary
United States
$93,884
per Year
Oil Rig
Average salary
United States
$73,449
per Year
Oil Inspector
Average salary
United States
$78,992
per Year
Oil Technician
Average salary
United States
$66,700
per Year
Oil Drillers
Average salary
United States
$77,677
per Year
Oil Operator
Average salary
United States
$45,505
per Year

How Much Should You Be Earning?

Get an estimated calculation of how much you should be earning and insight into your career options.

What Does an Oil Broker Do?

These brokers use their knowledge of the industry to try and make money by buying and quickly selling barrels of oil without ever having to take possession of the commodity.

December 16, 2021

Oil brokers must monitor refinery production to see if regulatory, technical, or meteorological factors will affect oil supplies.

November 25, 2021

The oil broker is an intermediary who arranges transactions involving the buying and selling of crude oil.

November 25, 2021

Apart from broker regulation, other factors to consider include the stance of regulators on the leverage and margin requirements for the trading of crude oil contracts.

November 23, 2021

There are no formal education requirements for oil brokers, but having a good understanding of mathematics and finance can help.

November 18, 2021

Most Common Benefits for Oil Broker

Social Security
Healthcare
401(k)
Pension
Disability
Time Off (days)

Frequently Asked Questions

Common questions about salaries for an Oil Broker
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These brokers use their knowledge of the industry to try and make money by buying and quickly selling barrels of oil without ever having to take possession of the commodity.
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Check the below career pages for detailed pay ranges for similar professions to Oil Broker:
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Explore our personal salary report to know the Oil Broker market value in Madison, WI. And find out if any places are having a higher Oil Broker salary.
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The average salary of an Oil Broker is $58,339 in Madison, WI.
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