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Brokerage Clerks
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.
Table of Contents
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.
- Schedule and coordinate transfer and delivery of security certificates between companies, departments, and customers.
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Salary
Brokerage Clerks with little to no experience tend to make between $34670 and $42180 while the more experienced ones can earn over $62610 per year.
| Top 5 paying states | Hourly | Annual |
|---|---|---|
| NY | $33 | $67,730 |
| CT | $29 | $60,400 |
| VT | $29 | $59,590 |
| NJ | $28 | $59,240 |
| CA | $28 | $58,130 |
One 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, CT, VT, NJ and CA.
However, a higher pay at NY doesn’t guarantee that you will make more because the living expenses at NY might be twice as high than where you are currently at now.
Three 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.
Requirements
We asked other Brokerage Clerks what degree they had when they got the job and most of them said they had a Bachelor’s Degree followed by a 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 |
Pros and Cons
Here are some of the pros and cons of being a Brokerage Clerk.
| PROS |
|---|
| Suitable for people who likes to follow routines |
| Suitable for people who values relationships between co-workers and customers and wants to work in a friendly non-competitive environment |
| This career is perfect for people who love to work indoors. |
| It is not too difficult to get into this career. Previous work-related 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 |
What is the job like
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
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.
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Related 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, careers in Office and Administration
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