Brokerage Clerks: Job 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.
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What Do Brokerage Clerks Do?
The core tasks performed by brokerage clerks cover:
- 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.
- Perform clerical tasks, such as answering phones or distributing mail.
- Prepare forms, such as receipts, withdrawal orders, transmittal papers, or transfer confirmations, based on transaction requests from stockholders.
Key Skills and Knowledge
Effective brokerage clerks combine a mix of skills and domain knowledge.
Most Important Skills
These are the skills that matter most in this role, rated on an importance scale of 0 to 5:
Knowledge Areas
Other Brokerage Clerks Job Titles
People in this occupation may also be known by titles such as:
- Account Administrator
- Broker Assistant
- Broker Associate
- Brokerage Agent
- Brokerage Analyst
- Brokerage Assistant
- Brokerage Associate
- Brokerage Clerk
Job Outlook
The U.S. employs around 1,227,732 brokerage clerks working in the United States today. This occupation is expected to grow by +6.2% over the projection horizon.
Salary for Brokerage Clerks
| Statistic | Value |
|---|---|
| Annual median | $52,416 |
| Hourly median | $25.20 |
| 10th percentile | $33,297 |
| 25th percentile | $42,857 |
| 75th percentile | $61,976 |
| 90th percentile | $71,535 |
Compensation varies based on experience, location, and industry.
Pay by State
| State | Annual median salary |
|---|---|
| District of Columbia | $85,480 |
| California | $77,460 |
| New York | $75,990 |
| Connecticut | $74,680 |
| North Dakota | $73,330 |
| New Jersey | $67,590 |
| Maine | $66,500 |
| Delaware | $66,400 |
| Oregon | $66,380 |
| Colorado | $66,210 |
| Hawaii | $64,550 |
| Washington | $64,540 |
| Kansas | $64,530 |
| Maryland | $64,020 |
| Arizona | $63,470 |
| Michigan | $62,920 |
| Georgia | $61,940 |
| Ohio | $61,680 |
| Louisiana | $61,320 |
| Tennessee | $61,300 |
| Pennsylvania | $61,290 |
| Nevada | $61,150 |
| North Carolina | $61,050 |
| Wisconsin | $60,770 |
| Oklahoma | $60,750 |
| Massachusetts | $60,740 |
| Rhode Island | $60,590 |
| Florida | $60,530 |
| Minnesota | $60,340 |
| Alabama | $60,270 |
| Illinois | $59,590 |
| Utah | $59,140 |
| New Mexico | $59,100 |
| Texas | $58,120 |
| Missouri | $57,650 |
| Virginia | $57,560 |
| South Dakota | $56,900 |
| Indiana | $56,060 |
| South Carolina | $53,390 |
| Alaska | $52,220 |
| Iowa | $52,160 |
| Mississippi | $51,910 |
| Nebraska | $51,370 |
| Kentucky | $51,140 |
| Puerto Rico | $50,830 |
| New Hampshire | $49,030 |
| Montana | $47,710 |
Top-Paying U.S. Regions
Compensation for brokerage clerks shift depending on where you work. The following regions pay the most:
| Region | Median annual wage | Share of U.S. jobs | Location quotient |
|---|---|---|---|
| Far Western US | $75,188 | 18.1% | 1.18 |
| Middle Atlantic | $70,561 | 28.6% | 2.14 |
| New England | $60,377 | 5.1% | 1.45 |
| Southwest | $59,652 | 10.1% | 0.96 |
| Great Lakes | $59,638 | 13.5% | 1.06 |
| Southeast | $58,442 | 15.9% | 0.79 |
| Plains States | $58,003 | 7.3% | 1.27 |
| Rocky Mountains | $57,197 | 1.5% | 0.78 |
Top Metro Areas
| Metro area | State | Median annual wage | Employment |
|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA | CA | $84,290 | |
| New York-Newark-Jersey City, NY-NJ | NY | $77,090 | 6,290 |
| San Francisco-Oakland-Fremont, CA | CA | $74,740 | 900 |
| Bridgeport-Stamford-Danbury, CT | CT | $74,730 | 160 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | DC | $70,590 | 580 |
| Portland-South Portland, ME | ME | $67,730 | 60 |
| Portland-Vancouver-Hillsboro, OR-WA | OR | $66,380 | 230 |
| Denver-Aurora-Centennial, CO | CO | $66,210 | 70 |
Which Industries Hire Brokerage Clerks
The largest employers of brokerage clerks work in these industries:
| Industry | Employment | Median annual wage |
|---|---|---|
| Finance and Insurance | 35,300 | $63,550 |
| Management of Companies and Enterprises | 1,380 | $61,110 |
| Educational Services | 730 | $51,930 |
| Transportation and Warehousing | 700 | $58,460 |
| Administrative and Support and Waste Management and Remediation Services | 490 | $59,090 |
| Information | 90 | $56,520 |
| Construction | 50 | $56,640 |
Brokerage Clerks work in the following industries:
Tech Stack
- Document management software: Adobe Acrobat (hot technology)
- Graphics or photo imaging software: Adobe Creative Cloud software (hot technology)
- Graphics or photo imaging software: Adobe Illustrator (hot technology)
- Desktop publishing software: Adobe InDesign (hot technology)
- Graphics or photo imaging software: Adobe Photoshop (hot technology)
- Data base user interface and query software: Microsoft Access (hot technology)
- Spreadsheet software: Microsoft Excel (hot technology)
- Office suite software: Microsoft Office software (hot technology)
- Electronic mail software: Microsoft Outlook (hot technology)
- Presentation software: Microsoft PowerPoint (hot technology)
- Document management software: Microsoft SharePoint (hot technology)
- Word processing software: Microsoft Word (hot technology)
The Day-to-Day Environment
Daily working conditions for brokerage clerks is shaped by the following characteristics:
- Telephone Conversations
- Contact With Others
- Importance of Being Exact or Accurate
- Face-to-Face Discussions with Individuals and Within Teams
Getting Started in This Career
Entry-level brokerage clerks positions require a bachelor’s degree as the typical entry-level education. The role falls in Medium Preparation Needed (Job Zone 3), signaling the level of preparation typically expected.
Similar Occupations
Similar Occupations
- Financial Managers (Supplemental)
- Management Analysts (Supplemental)
- Accountants and Auditors (Supplemental)
- Credit Analysts (Supplemental)
- Financial and Investment Analysts (Supplemental)
- Personal Financial Advisors (Supplemental)
- Loan Officers (Supplemental)
- Securities, Commodities, and Financial Services Sales Agents (Primary-Short)
Degree Programs
Future brokerage clerks often complete programs in:
Business, Management, Marketing, and Related Support Services
1 programs across 1 majors
Sources
This profile draws on the following authoritative sources:
- U.S. Bureau of Labor Statistics — Occupational Employment and Wage Statistics (OEWS) for employment and wage data by state and industry.
- BLS Employment Projections for total employment and growth forecasts.
- O*NET (Occupational Information Network) for skills, knowledge, tasks, work activities, work context, technology, and education-zone data.
SOC code: 43-4011.00 (Brokerage Clerks).
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