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).
$52380 per year
$25.180 per hour
One 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.
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.
|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 name||Hourly wage||Annual salary|
|Securities and Commodity Exchanges||26.03||54140|
|Local Government, excluding schools and hospitals||25.28||52590|
|Local government, including schools and hospitals||25.15||52310|
|Other Nondepository Credit Intermediation||24.97||51950|
|Securities and Commodity Contracts Intermediation and Brokerage||24.41||50780|
|Depository Credit Intermediation||24.34||50630|
|Securities, Commodity Contracts, and Other Financial Investments and Related Activities||24.31||50560|
|Credit Intermediation and Related Activities||24.22||50380|
|Finance and Insurance||24.21||50350|
|All industries, private ownership only||24.1||50120|
|Other Financial Investment Activities||23.75||49410|
|Nondepository Credit Intermediation||23.68||49250|
|Office Administrative Services||23.53||48940|
|Federal, State, and Local Government||23.31||48480|
|Federal, State, and Local Government, excluding state and local schools and hospitals, and the US Postal Service||23.31||48480|
|Insurance Agencies and Brokerages||23.21||48270|
|Agencies, Brokerages, and Other Insurance Related Activities||23.19||48230|
|Other Insurance Related Activities||23.04||47930|
|Management of Companies and Enterprises||22.75||47330|
|Funds, Trusts, and Other Financial Vehicles||22.14||46060|
|Other Investment Pools and Funds||22.14||46060|
|Insurance Carriers and Related Activities||22.06||45890|
|Support Activities for Transportation||21.95||45650|
|Freight Transportation Arrangement||21.95||45650|
|Transportation and Warehousing||21.73||45190|
|Sector 56- Administrative and Support and Waste Management and Remediation Services||21.25||44200|
|Administrative and Support Services||21.25||44200|
|Wholesale Electronic Markets and Agents and Brokers||21.14||43960|
|Activities Related to Credit Intermediation||20.89||43450|
|Business Support Services||18.1||37650|
|Telephone Call Centers||18.1||37650|
|Merchant Wholesalers, Durable Goods||16.99||35340|
|Machinery, Equipment, and Supplies Merchant Wholesalers||16.99||35340|
|Real Estate and Rental and Leasing||15.45||32140|
|Offices of Real Estate Agents and Brokers||15.45||32140|
Not all industries pay the same for Brokerage Clerks.
One of the easiest way to increase your salary is to change industries and find a higher paying one.
Highest paying states
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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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.
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.
They prepare tax returns for individuals or small businesses.
They determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.
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.
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
OwlGuru.com is a career and college finder site. We help students to find a career and college that is right for them.
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