What Does it Take to Be a Brokerage Clerk?
Career Description 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.
What Do Brokerage Clerks Do On a Daily Basis?
- Prepare forms, such as receipts, withdrawal orders, transmittal papers, or transfer confirmations, based on transaction requests from stockholders.
- Verify ownership and transaction information and dividend distribution instructions to ensure conformance with governmental regulations, using stock records and reports.
- File, type, or operate standard office machines.
- Correspond with customers and confer with coworkers to answer inquiries, discuss market fluctuations, or resolve account problems.
- Monitor daily stock prices and compute fluctuations to determine the need for additional collateral to secure loans.
- Compute total holdings, dividends, interest, transfer taxes, brokerage fees, or commissions and allocate appropriate payments to customers.
Brokerage Clerk Needed Skills
Below is a list of the skills most Brokerage Clerks say are important on the job.
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.
Related Job Titles
- Securities Clerk
- Quotation Checker
- Operations Specialist
- Client Service Associate
- Coupon Clerk
Is There Job Demand for Brokerage Clerks?
In 2016, there was an estimated number of 60,400 jobs in the United States for Brokerage Clerk. 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.
What is the Average Salary of a Brokerage Clerk
The salary for Brokerage Clerks ranges between about $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|
|District of Columbia||$56,570|
Tools & Technologies Used by Brokerage Clerks
Although they’re not necessarily needed for all jobs, the following technologies are used by many Brokerage Clerks:
- Microsoft Excel
- Microsoft Word
- Microsoft Office
- Microsoft PowerPoint
- Microsoft Outlook
- Web browser software
- Microsoft Access
- Data entry software
- Word processing software
- Adobe Systems Adobe Acrobat
- Spreadsheet software
- 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
Becoming a Brokerage Clerk
Education needed to be a Brokerage Clerk:
How Long Does it Take to Become a Brokerage Clerk?
Where do Brokerage Clerks Work?
The table below shows the approximate number of Brokerage Clerks employed by various industries.
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More about our data sources and methodologies.