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Brokerage Clerks in Massachusetts

Want to work as a Brokerage Clerks in Massachusetts? Here’s what you need to know. 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 Massachusetts?

The brokerage clerks working in Massachusetts, wages run about $60,740 per year (or roughly $29.20/hour).Pay can range from $54,200 at the 10th percentile to $76,420 at the 90th percentile.

Wage Statistic	Annual	Hourly
10th percentile	$54,200	$26.06
25th percentile	$57,490	$27.64
Median (50th)	$60,740	$29.20
75th percentile	$73,940	$35.55
90th percentile	$76,420	$36.74

The job concentration index in Massachusetts compared to the national average — is 0.99.

National Wage Comparison

Nationally, brokerage clerks earn a median of $52,416 per year ($25.20/hour), exceeding the Massachusetts median.

Employment Outlook

National employment for 1,227,732 brokerage clerks across the United States. In Massachusetts alone, approximately 940 people work in this role. That’s higher than the typical state, which employs around 420 brokerage clerks.

Top Massachusetts Metros for Brokerage Clerks

These are the Massachusetts metros with the most brokerage clerks in Massachusetts.

Metro Area	Number Employed	Annual Median Salary
Boston-Cambridge-Newton, MA-NH	770	$61,290

Top States for Brokerage Clerks Employment

The table below shows the states where the most 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

The most important 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

The abilities that matter most for brokerage clerks, rated on an importance scale of 0 to 5:

Daily Tasks

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

Software and systems commonly involved: Hot technologies: Adobe Acrobat, Adobe Creative Cloud software In-demand technologies: Microsoft Excel

Related Careers

Related occupations to 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