SOC 2020 · 3531
Brokers
Immigration Rules Appendix Skilled Occupations from
Skilled Worker
Eligible
This occupation appears on Appendix Skilled Occupations.
Salary floor
£52,400
The going rate, £52,400, is the higher of the two.
Shortage lists
Not listed
This code is on neither the Immigration Salary List nor the Temporary Shortage List.
Salary the job must pay
A Skilled Worker job must pay at least the higher of the general threshold and the going rate for its occupation code.
Going rate (standard)
£52,400
General threshold
£41,700
Visa thresholds from
Minimum for this role
£52,400
Home Office going rates from
New entrants and some other cases can use 70% of the going rate, £36,700, subject to the lower general threshold of £33,400.
What this occupation actually pays
ONS Annual Survey of Hours and Earnings, full-time gross annual pay.
- UK pay for this occupation
- Going rate£52,400
- General threshold£41,700
View these figures as a table
| Percentile | Pay |
|---|---|
| 10th | £30,337 |
| 25th | £39,461 |
| 50th | £56,689 |
| Going rate | £52,400 |
| General threshold | £41,700 |
| Region | 10th | 25th | Median | 75th | 90th |
|---|---|---|---|---|---|
| UK 2025 | £30,337 | £39,461 | £56,689 | — | — |
| South East 2025 | — | — | £38,903 | — | — |
Job titles in this code
What the work involves
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.
Typical tasks
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
Entry routes and 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.