SOC 3531 Business and public service associate professionals

Brokers Salary

Median salary £51,026 per year (2025). Based on ONS ASHE data.

Gross pay, before deductions. See take-home pay on £51,000 after tax and National Insurance →

For brokers, £56,689 is the typical (median) pay. That is well above the UK full-time median of £39,039 — +45% versus the national average.

About this role

Brokers provide specialist financial services including advice, transactions, analysis or administration within banking, insurance, investment or financial planning. They work with clients and colleagues to deliver financial products and services within regulatory frameworks.

Key responsibilities

Providing financial advice or processing financial transactions
Analysing financial data and market conditions
Ensuring compliance with FCA regulations and internal policies
Managing client relationships and portfolios
Preparing reports and financial documentation

Qualifications and entry routes

Typically requires relevant professional qualifications (CeMAP for mortgages, CII for insurance, CFA/IMC for investment). A degree in finance, economics or business is common. FCA-regulated activities require specific competency standards.

Career outlook

Steady demand with ongoing regulatory changes creating need for qualified professionals. Fintech is creating new roles alongside traditional positions.

Key skills

Financial analysis Regulatory knowledge Client relationship management Attention to detail Commercial awareness

Common industries

Banking
Insurance
Investment management
Financial advisory
Fintech

Data coverage

SOC code 3531

Data source ONS ASHE

Years available 2015–2025

Estimated jobs 19,000

Median Salary

£51,026

Mean Salary

N/A

Jobs (000s)

19k

Data Years

11 years

Salary Range (2025)

P25: £36,420Median: £51,026

P10: --P25: £36kMedian: £51kP75: --P90: --

Estimated Career Progression

Based on salary percentile distribution for this occupation

Entry Level

£36,420

0-2 years

Mid Level

£36,420

3-7 years

Salary Trend (2015-2025)

Adjust for inflation

Nominal growth: +10.7%Real growth: +6.6%

Gender Pay Comparison (2025)

Full-time vs All Employees (2025)

All Employees

£51,026

Full-time Only

£56,689

Full-time premium: +£5,663

Brokers salary: common questions

How much do brokers earn in the UK?

Brokers earn a median of £56,689 a year (ONS ASHE 2025).

Is £56,689 a good salary in the UK?

For brokers, £56,689 is the typical (median) pay. That is well above the UK full-time median of £39,039 — +45% versus the national average.

What is the starting salary for brokers?

Entry-level brokers typically start near the lower end of the range. The bottom 25% earn up to £36,420, and the lowest-paid 10% earn under £30,337.

Have brokers salaries kept up with inflation?

Since 2023, median brokers pay has risen from £51,422 to £56,689 — +10% in cash terms, or +3.0% after CPIH inflation. That is ahead of inflation over the period.

Figures: ONS Annual Survey of Hours and Earnings, gross annual pay. UK full-time median £39,039 (2025).