A FINRA arbitrator's pay is typically structured hourly, with an estimated total pay range between $43 and $72 per hour.
Understanding Arbitrator Compensation at FINRA
Arbitrators at the Financial Industry Regulatory Authority (FINRA) are compensated for their time and expertise in resolving disputes within the financial industry. Their earnings are primarily based on an hourly rate, which can vary depending on various factors. It's important to note that these figures represent an estimated range and average for their services.
Hourly Compensation Breakdown
The total hourly compensation for a FINRA arbitrator generally comprises a base salary and additional pay components. Here's a detailed breakdown of the typical hourly earnings:
| Pay Component | Estimated Hourly Rate |
|---|---|
| Average Base Salary | $51 |
| Average Additional Pay | $4 |
| Estimated Total Pay Range | $43 – $72 |
Components of Additional Pay
The "additional pay" portion of an arbitrator's compensation is variable and can include various forms of remuneration beyond the standard hourly base rate. These potential components might encompass:
- Cash bonuses: Extra payments based on specific achievements or overall performance.
- Stock: Equity compensation, though less common for independent arbitrators.
- Commission: Remuneration based on transactions, generally not applicable to arbitration.
- Profit sharing: A portion of the organization's profits distributed to individuals.
- Tips: Unlikely in a professional arbitration context, but listed as a general possibility for additional income.
Nature of Arbitration Work and Pay
It is important to understand that FINRA arbitrators typically serve as independent contractors rather than traditional salaried employees. Their compensation is directly tied to the hours they dedicate to a case, which includes time spent on hearings, deliberations, and the drafting of awards. The hourly figures provided reflect the estimated compensation for these services.
