All About Brokerage Clerks
Example of Brokerage Clerk Job 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.
Life As a Brokerage Clerk: What Do They Do?
- Compute total holdings, dividends, interest, transfer taxes, brokerage fees, or commissions and allocate appropriate payments to customers.
- File, type, or operate standard office machines.
- Prepare forms, such as receipts, withdrawal orders, transmittal papers, or transfer confirmations, based on transaction requests from stockholders.
- 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.
- Perform clerical tasks, such as answering phones or distributing mail.
Featured schools near , edit
Brokerage Clerk Required Skills
When polled, Brokerage Clerks say the following skills are most frequently used in their jobs:
Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Speaking: Talking to others to convey information effectively.
Reading Comprehension: Understanding written sentences and paragraphs in work related documents.
Time Management: Managing one’s own time and the time of others.
Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Writing: Communicating effectively in writing as appropriate for the needs of the audience.
Types of Brokerage Clerk
- Quotation Checker
- Registered Associate
- Portfolio Assistant
- Client Service Representative
- Commodities Clerk
Is There Going to be Demand for Brokerage Clerks?
There were about 60,400 jobs for Brokerage Clerk in 2016 (in the United States). New jobs are being produced at a rate of 5% which is below the national average. The Bureau of Labor Statistics predicts 3,000 new jobs for Brokerage Clerk by 2026. Due to new job openings and attrition, there will be an average of 6,600 job openings in this field each year.
The states with the most job growth for Brokerage Clerk are North Dakota, Arizona, and Missouri. Watch out if you plan on working in New Jersey, Maine, or Massachusetts. These states have the worst job growth for this type of profession.
Brokerage Clerk Salary
Brokerage Clerks make between $34,670 and $76,550 a year.
Brokerage Clerks who work in New York, Connecticut, or New Jersey, make the highest salaries.
Below is a list of the median annual salaries for Brokerage Clerks in different U.S. states.
| State | Annual Mean Salary |
|---|---|
| Alabama | $50,410 |
| Alaska | $50,050 |
| Arizona | $49,320 |
| Arkansas | $48,370 |
| California | $58,130 |
| Colorado | $55,570 |
| Connecticut | $60,400 |
| Delaware | $57,300 |
| District of Columbia | $56,570 |
| Florida | $51,360 |
| Georgia | $50,670 |
| Hawaii | $47,530 |
| Idaho | $45,260 |
| Illinois | $55,860 |
| Indiana | $47,620 |
| Iowa | $47,180 |
| Kansas | $51,050 |
| Kentucky | $44,850 |
| Louisiana | $43,750 |
| Maine | $55,650 |
| Maryland | $57,330 |
| Massachusetts | $56,950 |
| Michigan | $50,650 |
| Minnesota | $49,710 |
| Mississippi | $43,870 |
| Missouri | $45,430 |
| Montana | $42,500 |
| Nebraska | $45,250 |
| Nevada | $46,780 |
| New Hampshire | $53,800 |
| New Jersey | $59,240 |
| New Mexico | $50,510 |
| New York | $67,730 |
| North Carolina | $50,670 |
| North Dakota | $47,230 |
| Ohio | $47,710 |
| Oklahoma | $52,630 |
| Oregon | $54,340 |
| Pennsylvania | $52,070 |
| Rhode Island | $51,100 |
| South Carolina | $50,840 |
| South Dakota | $43,180 |
| Tennessee | $49,330 |
| Texas | $52,060 |
| Utah | $51,600 |
| Vermont | $59,590 |
| Virginia | $48,950 |
| Washington | $56,070 |
| West Virginia | $43,200 |
| Wisconsin | $48,140 |
| Wyoming | $40,140 |
What Tools & Technology do Brokerage Clerks Use?
Below is a list of the types of tools and technologies that Brokerage Clerks may use on a daily basis:
- Microsoft Excel
- Microsoft Word
- Microsoft Office
- Microsoft PowerPoint
- Microsoft Outlook
- Web browser software
- Microsoft Access
- Data entry software
- Word processing software
- Spreadsheet software
- Adobe Systems Adobe Acrobat
- Microsoft SharePoint
- Adobe Systems Adobe Photoshop
- Structured query language SQL
- Microsoft Dynamics
- Adobe Systems Adobe Illustrator
- Adobe Systems Adobe InDesign
- Oracle PeopleSoft
- Scheduling software
- Adobe Systems Adobe Dreamweaver
How to Become a Brokerage Clerk
Learn what Brokerage Clerk education requirements there are.
How many years of work experience do I need?
Brokerage Clerks Sector
Brokerage Clerks work in the following industries:
Similar Careers
Those thinking about becoming a Brokerage Clerk might also be interested in the following careers:
References:
Image Credit: Pixabay via CC0 License
More about our data sources and methodologies.
Featured Schools
You have goals. Southern New Hampshire University can help you get there. Whether you need a bachelor's degree to get into a career or want a master's degree to move up in your current career, SNHU has an online program for you. Find your degree from over 200 online programs.
Visit School
BusinessDegreeCentral.com provides higher-education, college and university, degree, program, career, salary, and other helpful information to students, faculty, institutions, and other internet audiences. Presented information and data are subject to change. Inclusion on this website does not imply or represent a direct relationship with the company, school, or brand. Information, though believed correct at time of publication, may not be correct, and no warranty is provided. Contact the schools to verify any information before relying on it. Financial aid may be available for those who qualify. The displayed options may include sponsored or recommended results, not necessarily based on your preferences.
© BusinessDegreeCentral.com – All Rights Reserved.