All About Brokerage Clerks
Brokerage Clerk 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.
Brokerage Clerk Responsibilities
- 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.
- Document security transactions, such as purchases, sales, conversions, redemptions, or payments, using computers, accounting ledgers, or certificate records.
- Correspond with customers and confer with coworkers to answer inquiries, discuss market fluctuations, or resolve account problems.
- Schedule and coordinate transfer and delivery of security certificates between companies, departments, and customers.
- Compute total holdings, dividends, interest, transfer taxes, brokerage fees, or commissions and allocate appropriate payments to customers.
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What Every Brokerage Clerk Should Know
When polled, Brokerage Clerks say the following skills are most frequently used in their jobs:
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.
Other Brokerage Clerk Job Titles
- Sales Trader
- Registered Associate
- Wealth Services Associate
- Stock Clerk
- Transaction Processor
Is There Job Demand 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.
How Much Does a Brokerage Clerk Make?
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.
Below is a list of the median annual salaries for Brokerage Clerks 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
- 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
How to Become a Brokerage Clerk
What education is needed to be a Brokerage Clerk?
How many years of work experience do I need?
Where do Brokerage Clerks Work?
Brokerage Clerks work in the following industries:
Other Jobs You May be Interested In
Those thinking about becoming a Brokerage Clerk might also be interested in the following careers:
References:
Image Credit: Pixabay via CC0 License
More about our data sources and methodologies.
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