券商大厂领衔涨薪！经纪业务提成激增，人均同比增30%

Core Viewpoint - The securities industry is experiencing a new cycle of salary fluctuations, with average compensation for brokers significantly increasing in the first half of 2025 compared to the previous year, marking a break from the salary reduction trend since 2022 [1][2][3] Summary by Sections Salary Trends - As of September 3, 2025, the average salary for brokers reached 308,500 yuan, a nearly 30% increase from 237,400 yuan in the same period last year, the second highest level in the past decade, only behind 2021 [1][3] - The increase in salaries is particularly notable among small and medium-sized brokerages, with Guolian Minsheng leading at 972,300 yuan, while major firms like CITIC Securities and Guotai Junan maintained salaries above 400,000 yuan [2][4] Market Dynamics - The surge in broker salaries is primarily driven by a recovery in the market, leading to a significant increase in brokerage business commissions, which nearly doubled year-on-year [2][8] - Brokerage personnel constitute about half of the total workforce in many firms, meaning their income increases have a substantial impact on overall average salaries [8][10] Salary Distribution - In the first half of 2025, six brokerages reported average salaries exceeding 400,000 yuan, with only two being major firms [4][5] - A total of 20 brokerages had average salaries above 300,000 yuan, a significant increase from previous years [5] Individual Brokerage Performance - Notably, Guolian Minsheng's average salary of 972,300 yuan is a significant rise from its previous lower rankings, indicating a shift in performance and compensation structure [3][4] - Other firms like Huabao Securities and Guokai Securities also reported substantial increases in average salaries, reflecting improved performance [4][9] Future Outlook - Despite the impressive short-term salary data, the salary increases are viewed as cyclical and may not be sustainable in the long term due to ongoing salary cap policies being implemented by state-owned brokerages [2][10] - The current salary management trend in the securities industry remains cautious and prudent, with a focus on maintaining stability [2][10]