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.
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.
$51640 per year
$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 states||Hourly||Annual|
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).
Recommended degree level
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.
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.
In addition to that, 1 common characteristic among successful Brokerage Clerks is they are good at Dependability. Here are the top 5 common characteristics.
|Attention to Detail|
= Hot in-demand that most employers are looking for
Pros and Cons
Here are some reasons why you should and shouldn’t choose A Brokerage Clerk as your career.
|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)|
|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
Is this job meaningful
40 hours per week
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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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.
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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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