Find Trade Colleges
Brokerage Clerks: Career Profile
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?
Typical responsibilities of 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.
Skills and Knowledge
Effective brokerage clerks combine a mix of skills and domain knowledge.
Key Skills
The abilities most central to this role, rated on an importance scale of 0 to 5:
Knowledge Areas
Related Job Titles
This career also goes by job titles like:
- Account Administrator
- Broker Assistant
- Broker Associate
- Brokerage Agent
- Brokerage Analyst
- Brokerage Assistant
- Brokerage Associate
- Brokerage Clerk
Employment and Demand
There are roughly 1,227,732 brokerage clerks working in the United States today. This occupation is expected to grow by +6.2% over the projection horizon.
How Much Do Brokerage Clerks Make?
| 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.
How Much Do Brokerage Clerks Make in Different U.S. States?
| 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 differ across the country. Top regions by median wage:
| 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 |
Where the Jobs Cluster
| 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 |
Top Industries Employing Brokerage Clerks
Most brokerage clerks are found across 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:
Tools and Technology
- 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)
Work Environment
The on-the-job environment of 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
How to Become Brokerage Clerks
Most brokerage clerks positions require a bachelor’s degree as the typical entry-level education. This career aligns with Medium Preparation Needed (Job Zone 3), indicating 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)
Sources
Data on this page comes from 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).
TradeCollege.org 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. TradeCollege.org is a for-profit site, and the displayed options may include sponsored or recommended results, not necessarily based on your preferences.
© TradeCollege.org – All Rights Reserved.