Brokerage Clerks Salary 2017: How Much Money Do They Make

Stanley TanLeave a Comment



hourly pay for Brokerage Clerks
do Brokerage Clerks make a lot of money

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


  • $52380
    Salary
  • 59%
    Job satisfaction
  • Medium
    Becoming one
  • Low
    Job growth
OwlGuru Rank

C



How Much Successful Brokerage Clerks Make In 2017


In this salary guide, you will find out how much do Brokerage Clerks make.

After reading this, you will be able to make a decision if working as a Brokerage Clerk will suit your financial goals (e.g: buying a home, BMW or just your target salary goal).



Average salary

Annual salary
$52380 per year

Hourly wage
$25.180 per hour


1 of the most popular questions we get from our readers here at OwlGuru is how much do Brokerage Clerks make per year and what is their hourly wage.

According to BLS, the average annual salary of Brokerage Clerks is $52380. Their salary can also be as low as $33100 if you’re still a newbie with no experience to over $76390 if you have a ton of experience under your belt.

The typical hourly pay is $25.180 and can range from $15.910 to $36.730 which also depends if you’re a newbie or a professional.

Just like any other job, the salary of A Brokerage Clerk will vary based on your education and experience level.

# = Over $100 per hour or $200,000 per year.
Salary rank
C

We wanted to make it easy for our readers to compare the salary of A Brokerage Clerk to all the other careers out there. So we created Salary Rank.

This compares the salary of all careers and we give them a rank of A, B, C or D depending on how high or low is their average salary.

After comparing how much do Brokerage Clerks make with other careers, they have a salary rank of C.



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Salary range

LevelHourlyYearly
Highest (Top 10%)$36.730$76390
Senior (Top 25%)$29.390$61130
Middle (Mid 50%)$23.650$49200
Junior (Bottom 25%)$19.290$40130
No experience (Bottom 10%)$15.910$33100


Entry-level Brokerage Clerks who starts out at $40130 can expect to make $49200 after 3-5 years of experience in the field.

The bottom 10% makes less than $15.910 per hour while the top 10% makes over $36.730 per hour.

While the median wage is $49200 per annum or $23.650 per hour.

Depending on who you work for, you might also get overtime pay.

# = Over $100 per hour or $200,000 per year.


Highest paying industries

Industry nameHourly wageAnnual salary
Securities and Commodity Exchanges26.0354140
Local Government, excluding schools and hospitals25.2852590
Local government, including schools and hospitals25.1552310
Other Nondepository Credit Intermediation24.9751950
Securities and Commodity Contracts Intermediation and Brokerage24.4150780
Depository Credit Intermediation24.3450630
Securities, Commodity Contracts, and Other Financial Investments and Related Activities24.3150560
Credit Intermediation and Related Activities24.2250380
Finance and Insurance24.2150350
All industries24.150120
All industries, private ownership only24.150120
Other Financial Investment Activities23.7549410
Nondepository Credit Intermediation23.6849250
Office Administrative Services23.5348940
Federal, State, and Local Government23.3148480
Federal, State, and Local Government, excluding state and local schools and hospitals, and the US Postal Service23.3148480
Insurance Agencies and Brokerages23.2148270
Agencies, Brokerages, and Other Insurance Related Activities23.1948230
Other Insurance Related Activities23.0447930
Management of Companies and Enterprises22.7547330
Funds, Trusts, and Other Financial Vehicles22.1446060
Other Investment Pools and Funds22.1446060
Insurance Carriers and Related Activities22.0645890
Support Activities for Transportation21.9545650
Freight Transportation Arrangement21.9545650
Transportation and Warehousing21.7345190
Sector 56- Administrative and Support and Waste Management and Remediation Services21.2544200
Administrative and Support Services21.2544200
Wholesale Electronic Markets and Agents and Brokers21.1443960
Activities Related to Credit Intermediation20.8943450
Insurance Carriers20.8943440
Wholesale Trade19.2239970
Business Support Services18.137650
Telephone Call Centers18.137650
Merchant Wholesalers, Durable Goods16.9935340
Machinery, Equipment, and Supplies Merchant Wholesalers16.9935340
Real Estate and Rental and Leasing15.4532140
Real Estate15.4532140
Offices of Real Estate Agents and Brokers15.4532140

Not all industries pay the same for Brokerage Clerks.

1 of the easiest way to increase your salary is to change industries and find a higher paying one.



Highest paying states

StateHourlyAnnual
NY$29.07$60470
DC$27.65$57520
CA$27.46$57110
MD$26.68$55490
CT$26.6$55320
TX$26.48$55090
RI$26.48$55070
NJ$26.22$54540
WA$26.02$54130
IL$25.31$52650

Another simple way to boost your pay as A Brokerage Clerk is to move to a higher paying state. However moving to a higher paying state like NY doesn’t mean you will make more overall. This is because the expenses at NY may be 2x higher than where you are currently living at right now.

According to the BLS, the highest paid / most successful Brokerage Clerks are in the states of NY, DC, CA, MD and CT. The average salary in NY is $60470.



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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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Related to Brokerage Clerks Salary

Brokerage Clerks salary, how much do Brokerage Clerks earn, Brokerage Clerks hourly wage, Brokerage Clerks annual pay, highest paying industries for Brokerage Clerks, which states pay the highest for Brokerage Clerks

Additional resources

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

OwlGuru.com
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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.
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