3531 Brokers

In short

• ONS unit group 3531, in minor group 353 (Finance associate professionals) and major group 3 (Associate professional occupations).
• Appendix Skilled Occupations (figures as at 3 August 2026, re-checked 26 October 2026): On the list: Table 1, Table 2.
• Going rate as the tables print it:
  • Table 1, Going rate (SW – options A and D): £52,400 (£26.87 per hour)
  • Table 2, Going rate (SW – options F and I, GBM and SCU): £40,000 (£20.51 per hour)

What the ONS says

Description

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 entry routes

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.

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

Related job titles

• Foreign exchange dealer
• Insurance broker
• Investment administrator
• Stockbroker
• Trader (stock exchange)

What the Appendix Skilled Occupations says

The Appendix lists this code in the tables below, with the tables’ own caption and the row as printed. Read the full table, and any condition in it, on GOV.UK.

Table 1: Eligible SOC 2020 occupation codes and related going rates based on median Annual Survey of Hours and Earnings (ASHE) data

SOC 2020 occupation code

3531 Brokers

Examples of related job titles (non-exclusive)

• Commodity brokers and traders
• Insurance and mortgage brokers
• Shipbrokers
• Stockbrokers
• Brokers not elsewhere classified

Going rate (SW – options A and D)

£52,400 (£26.87 per hour)

90% of going rate (SW – option B)

Not applicable

80% of going rate (SW – option C)

Not applicable

70% of going rate (SW – option E)

£36,700 (£18.82 per hour)

Eligible for PhD points (SW)?

No

Table 2: Eligible SOC 2020 occupation codes and related going rates based on 25th percentile Annual Survey of Hours and Earnings (ASHE) data

SOC 2020 occupation code

3531 Brokers

Equivalent SOC 2010 occupation code(s)

3532

Examples of related job titles (non-exclusive)

• Commodity brokers and traders
• Insurance and mortgage brokers
• Shipbrokers
• Stockbrokers
• Brokers not elsewhere classified

Going rate (SW – options F and I, GBM and SCU)

£40,000 (£20.51 per hour)

90% of going rate (SW – option G)

Not applicable

80% of going rate (SW – option H)

Not applicable

70% of going rate (SW – option J, GTR)

£28,000 (£14.36 per hour)

Eligible for PhD points (SW)?

No

Other unit groups in minor group 353

• 3532 Insurance underwriters
• 3533 Financial and accounting technicians
• 3534 Financial accounts managers

Sources

Occupation text: Office for National Statistics, SOC 2020 Volume 1: structure and descriptions of unit groups (file dated 27 August 2026, version V13). Contains public sector information licensed under the Open Government Licence v3.0. Open Government Licence v3.0. Tables: Home Office, Immigration Rules Appendix Skilled Occupations on GOV.UK, page updated 3 August 2026; re-checked against the page updated 8 October 2026 on 26 October 2026, tables unchanged.

All 412 occupation codes

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