Brokerage Clerks in Illinois
Thinking about a career as a Brokerage Clerks in Illinois? Below are the key facts. 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 Make in Illinois?
For a brokerage clerks working in Illinois, the median annual wage is $59,590 per year (or roughly $28.65/hour).Earnings range from $36,740 at the 10th percentile to $88,660 at the 90th percentile.
| Wage Statistic | Annual | Hourly |
|---|---|---|
| 10th percentile | $36,740 | $17.66 |
| 25th percentile | $47,180 | $22.68 |
| Median (50th) | $59,590 | $28.65 |
| 75th percentile | $75,830 | $36.46 |
| 90th percentile | $88,660 | $42.62 |
The location quotient — a measure of how concentrated this occupation is in Illinois compared to the national average — is 1.02.
National Wage Comparison
Nationally, brokerage clerks earn a median of $52,416 per year ($25.20/hour), above the Illinois median.
Employment Outlook
National employment for 1,227,732 brokerage clerks in the U.S.. In Illinois alone, about 1,600 people work in this role. That’s more than the typical state, which employs around 420 brokerage clerks.
Top Illinois Metros for Brokerage Clerks
These are the Illinois metros with the most brokerage clerks in Illinois.
| Metro Area | Number Employed | Annual Median Salary |
|---|---|---|
| Chicago-Naperville-Elgin, IL-IN | 1,400 | $60,910 |
Top States for Brokerage Clerks Employment
These states have the highest employment of brokerage clerks work.
| State | Number Employed |
|---|---|
| California | 6,000 |
| New York | 5,640 |
| Texas | 2,840 |
| New Jersey | 2,760 |
| Florida | 2,480 |
| Pennsylvania | 1,730 |
| Illinois | 1,600 |
| Indiana | 1,420 |
| Minnesota | 1,300 |
| Arizona | 1,140 |
| Virginia | 1,100 |
| North Carolina | 990 |
| Massachusetts | 940 |
| Ohio | 920 |
| Michigan | 800 |
| Missouri | 710 |
| Maryland | 670 |
| Wisconsin | 580 |
| Delaware | 480 |
| Nevada | 430 |
Highest-Paying States for Brokerage Clerks
These states pay the most for brokerage clerks.
| 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 |
Skills
Key brokerage clerks skills, rated on an importance scale of 0 to 5:
Knowledge Areas
Key knowledge areas for this occupation, rated on an importance scale of 0 to 5:
Abilities
Top abilities for brokerage clerks, rated on an importance scale of 0 to 5:
Daily Tasks
Day-to-day, brokerage clerks typically:
- 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.
- Schedule and coordinate transfer and delivery of security certificates between companies, departments, and customers.
- Monitor daily stock prices and compute fluctuations to determine the need for additional collateral to secure loans.
- Verify ownership and transaction information and dividend distribution instructions to ensure conformance with governmental regulations, using stock records and reports.
- Compute total holdings, dividends, interest, transfer taxes, brokerage fees, or commissions and allocate appropriate payments to customers.
- Prepare reports summarizing daily transactions and earnings for individual customer accounts.
Work Activities
- Getting Information
- Working with Computers
- Processing Information
- Communicating with People Outside the Organization
- Establishing and Maintaining Interpersonal Relationships
- Evaluating Information to Determine Compliance with Standards
- Making Decisions and Solving Problems
- Updating and Using Relevant Knowledge
- Identifying Objects, Actions, and Events
- Organizing, Planning, and Prioritizing Work
- Analyzing Data or Information
- Communicating with Supervisors, Peers, or Subordinates
Tools & Technology
Technologies frequently used: Hot technologies: Adobe Acrobat, Adobe Creative Cloud software In-demand technologies: Microsoft Excel
What Major Will Prepare You For This Career?
Related college programs include:
- Accounting
Featured schools near , edit
Related Careers
Other careers like brokerage clerks include:
- Financial Managers
- Management Analysts
- Accountants and Auditors
- Credit Analysts
- Financial and Investment Analysts
- Personal Financial Advisors
Also Known As
Account Administrator, Broker Assistant, Broker Associate, Brokerage Agent, Brokerage Analyst, Brokerage Assistant, Brokerage Associate, Brokerage Clerk, Brokerage Coordinator, Brokerage Operations Representative (Brokerage Operations Rep), Brokerage Operations Specialist, Brokerage Purchase-and-Sale Clerk, Brokerage Service Associate, Brokerage Services Specialist, Brokerage Specialist.
References
- U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics — https://www.bls.gov/oes/
- O*NET Online — https://www.onetonline.org/
- BLS Employment Projections — https://www.bls.gov/emp/
- O*NET-SOC code: 43-4011.00
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