All About Brokerage Clerks
Job Description & Duties 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.
List of Brokerage Clerk Job Duties
- 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.
- Prepare forms, such as receipts, withdrawal orders, transmittal papers, or transfer confirmations, based on transaction requests from stockholders.
- 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.
- Schedule and coordinate transfer and delivery of security certificates between companies, departments, and customers.
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Brokerage Clerk Required 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.
Types of Brokerage Clerk
- Client Service Associate
- Brokerage Associate
- Portfolio Assistant
- Transfer Clerk
- Sales Trader
Brokerage Clerk Job Outlook
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. The BLS estimates 6,600 yearly job openings in this field.
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.
How much do Brokerage Clerks make in each U.S. state?
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 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 do I Become a Brokerage Clerk?
Individuals working as a Brokerage Clerk have obtained the following education levels:
How Long Does it Take to Become a Brokerage Clerk?
Where Brokerage Clerks Work
Brokerage Clerks work in the following industries:
Related Careers
Those interested in being a Brokerage Clerk may also be interested in:
References:
Image Credit: Pixabay via CC0 License
More about our data sources and methodologies.
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