Brokerage Clerks: Salary, Job Description, How To Be One and More

Stanley TanLeave a Comment



Brokerage Clerks jobs information
pros and cons of being a Brokerage Clerk

Brokerage Clerks

Other names for this job might include Account Administrator, Broker Assistant, Brokerage Purchase-and-Sale Clerk, Client Associate, Client Service Associate, Client Service Representative, Commodities Clerk, Coupon Clerk, Dividend Clerk, Information Clerk Brokerage


  • $51640
    Salary
  • 59%
    Job satisfaction
  • Medium
    Becoming one
  • Low
    Job growth
OwlGuru Rank

C



Brokerage Clerks: Know It All In 1 Minute


In this career summary, you will find out what the job of A Brokerage Clerk is about and what it is like.

After reading this, you will have a good idea on what the job is about and decide if this is the right career for you.



Job description

Brokerage Clerks perform duties related to the purchase, sale or holding of securities. Duties include writing orders for stock purchases or sales, computing transfer taxes, verifying stock transactions, accepting and delivering securities, tracking stock price fluctuations, computing equity, distributing dividends, and keeping records of daily transactions and holdings.

  • Correspond with customers and confer with coworkers to answer inquiries, discuss market fluctuations, or resolve account problems.
  • Document security transactions, such as purchases, sales, conversions, redemptions, or payments, using computers, accounting ledgers, or certificate records.
  • File, type, or operate standard office machines.
  • Perform clerical tasks, such as answering phones or distributing mail.

Read more about what does A Brokerage Clerk really do at work and what is it like being and working as one.


Become one

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Salary

Average salary
$51640 per year

Hourly wage
$24.83 an hour


Brokerage Clerks with little to no experience tend to make between $32150 and $38970 while the more experienced ones make over $61230 per year.

Top 5 paying statesHourlyAnnual
NY$29.07$60470
DC$27.65$57520
CA$27.46$57110
MD$26.68$55490
CT$26.6$55320

1 of the easiest ways to increase your salary as A Brokerage Clerk is to move to a higher paying state like NY. Right now, the highest paying states for Brokerage Clerks are NY, DC, CA, MD and CT.

However a higher pay at NY doesn’t guarantee that you will make more because the living expenses at NY might be 2x higher than where you are currently at now.

3 other factors that can increase your salary as A Brokerage Clerk is the degree you hold, the industry you work in and lastly the company you work for (bigger companies like the Fortune 500 companies tend to pay more).

Find out how much do successful Brokerage Clerks make and if their salary is high when compared to all the other careers.


Requirements

Recommended degree level
Bachelor’s Degree

We asked other Brokerage Clerks what degree they had when they got the job and most of them said they had a Bachelors degree followed by High School Diploma.

Other than that we also asked them what did they major in and here are the most popular majors that came up.

Accounting Technology/Technician and Bookkeeping

Another popular question from our readers is what makes A Brokerage Clerk successful or would they be good in this career.

Well, we found that most successful Brokerage Clerks have these 5 skillsets.

Active Listening
Speaking
Reading Comprehension
Time Management
Critical Thinking

In addition to that, 1 common characteristic among successful Brokerage Clerks is they are good at Dependability. Here are the top 5 common characteristics.

Dependability
Integrity
Attention to Detail
Stress Tolerance
Analytical Thinking
= Hot in-demand that most employers are looking for

Read more about what it really takes to become A Brokerage Clerk and the degree, training and education you need


Pros and Cons

Here are some reasons why you should and shouldn’t choose A Brokerage Clerk as your career.

PROS
Suitable for people who likes to follow routines
Suitable for people who values relationships between coworkers and customers and wants to work in a friendly noncompetitive environment
This career is perfect for people who love to work indoors.
It is not too difficult to get into this career. Previous workrelated skill, knowledge, or experience is required for this career.
Normal working hours (40 hours per week)
CONS
Not suitable for people who likes to work with designs
Salary is below average


There will be pros and cons for all jobs. The point is how much do the pros outweigh the cons to you.

A pro to you might be a con to Bob. A pro to Bob might be a con to you. We suggest reading about this career framework that can help you to find out what type of careers are right for you.



What is the job like

Job satisfaction
59%

Is this job meaningful
27%


Working hours
40 hours per week

Working schedule
Regular (Set schedule and routine)


On a normal working week Brokerage Clerks work 40 hours per week.

59% of Brokerage Clerks said they were satisfied with their job and 27% said they feel like their job is making other people’s lives better.



Is this right for me

Best personality for this career
The Organizers and The Persuaders


You can read more about these career personality types here.

People who are suitable for this job tends to like following set procedures and routines. They like working with data and details more than with ideas.

They also like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business.



How we can help

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Rank: C+
Salary: $38070

They compute, classify, and record numerical data to keep financial records complete. Perform any combination of routine calculating, posting, and verifying duties to obtain primary financial data for use in maintaining accounting records. May also check the accuracy of figures, calculations, and postings pertaining to business transactions recorded by other workers.
Rank: C
Salary: $38120

They interview loan applicants to elicit information; investigate applicants’ backgrounds and verify references; prepare loan request papers; and forward findings, reports, and documents to appraisal department. Review loan papers to ensure completeness, and complete transactions between loan establishment, borrowers, and sellers upon approval of loan.
Rank: C+
Salary: $43870

They prepare tax returns for individuals or small businesses.
Rank: B
Salary: $56890

They determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.
Rank: B
Salary: $53590

They provide high-level administrative support by conducting research, preparing statistical reports, handling information requests, and performing clerical functions such as preparing correspondence, receiving visitors, arranging conference calls, and scheduling meetings. May also train and supervise lower-level clerical staff.






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Career type

Office and Administration
Business Financial Management and Accounting
Financial and Investment Planning

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Job Description
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Related to Brokerage Clerks Career Information

Brokerage Clerks job description, Brokerage Clerks salary, Brokerage Clerks information, what is the job of a Brokerage Clerk like, pros and cons about Brokerage Clerks, colleges and universities for Brokerage Clerks, is Brokerage Clerks the right career for me, Medium careers to get into, careers in Office and Administration

Additional resources

http://www.bls.gov/OOH/office-and-administrative-support/financial-clerks.htm
http://www.aba.com/
https://www.mba.org/

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Brokerage Clerks
Written by: Stanley Tan
Brokerage Clerks perform duties related to the purchase, sale or holding of securities. Duties include writing orders for stock purchases or sales, computing transfer taxes, verifying stock transactions, accepting and delivering securities, tracking stock price fluctuations, computing equity, distributing dividends, and keeping records of daily transactions and holdings.
3.5 / 5 stars

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