Life As a Brokerage Clerk
Job Description & Duties 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.
List of Brokerage Clerk Job Duties
- 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.
- Monitor daily stock prices and compute fluctuations to determine the need for additional collateral to secure loans.
- Perform clerical tasks, such as answering phones or distributing mail.
- Prepare reports summarizing daily transactions and earnings for individual customer accounts.
- Compute total holdings, dividends, interest, transfer taxes, brokerage fees, or commissions and allocate appropriate payments to customers.
Featured schools near , edit
Brokerage Clerk Skills
Brokerage Clerks state the following job skills are important in their day-to-day work.
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
- Dividend Clerk
- Stock Clerk
- Securities Clerk
- Operations Specialist
- Margin Clerk
Job Opportunities for Brokerage Clerks
In the United States, there were 60,400 jobs for Brokerage Clerk in 2016. 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. There will be an estimated 6,600 positions for Brokerage Clerk per 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.
Do Brokerage Clerks Make A Lot Of Money?
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.
How much do Brokerage Clerks make 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
Education needed to be a Brokerage Clerk:
How Long Does it Take to Become a Brokerage Clerk?
Who Employs Brokerage Clerks?
The table below shows some of the most common industries where those employed in this career field work.
Similar Careers
Those interested in being a Brokerage Clerk may also be interested in:
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