Brokerage Clerks: Salary, Job Description, How To Become One, and Quiz

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



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Salary

Average salary
$53940 per year

Average hourly wage
$26 per hour


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 statesHourlyAnnual
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

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 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
Read more about how to become a Brokerage Clerk and the degree, training and education you need.

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

Job satisfaction
59%

Is this job meaningful
27%


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 Entrepreneurs

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.




Learn more about Brokerage Clerks

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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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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

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