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Brokerage Clerks in New York

Want to work as a Brokerage Clerks in New York? 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 New York?

The brokerage clerks working in New York, wages run about $75,990 per year (or roughly $36.54/hour).Earnings range from $53,880 at the 10th percentile to $128,760 at the 90th percentile.

Wage Statistic	Annual	Hourly
10th percentile	$53,880	$25.90
25th percentile	$62,400	$30.00
Median (50th)	$75,990	$36.54
75th percentile	$100,440	$48.29
90th percentile	$128,760	$61.91

Location quotient — how concentrated this career is in New York nationwide is 2.27, meaning that brokerage clerks are more concentrated here than the national average.

National Wage Comparison

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

Employment Outlook

There are roughly 1,227,732 brokerage clerks nationwide. In New York alone, about 5,640 people work in this role. That puts the state above the typical state, which employs around 420 brokerage clerks.

Top New York Metros for Brokerage Clerks

The largest metro-area employers of brokerage clerks in New York.

Metro Area	Number Employed	Annual Median Salary
New York-Newark-Jersey City, NY-NJ	6,290	$77,090
Buffalo-Cheektowaga, NY	290	$58,560
Rochester, NY	170	$60,710
Albany-Schenectady-Troy, NY	120	$58,600
Syracuse, NY	60	$58,910

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

Top brokerage clerks skills, rated on an importance scale of 0 to 5:

Knowledge Areas

Core 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

Common tools and software used in this occupation include: Hot technologies: Adobe Acrobat, Adobe Creative Cloud software In-demand technologies: Microsoft Excel

Related Careers

Careers similar 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