All About Brokerage Clerks
Brokerage Clerk Example 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
- Compute total holdings, dividends, interest, transfer taxes, brokerage fees, or commissions and allocate appropriate payments to customers.
- File, type, or operate standard office machines.
- 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.
- Prepare reports summarizing daily transactions and earnings for individual customer accounts.
- Schedule and coordinate transfer and delivery of security certificates between companies, departments, and customers.
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Qualities of a Brokerage Clerk
Brokerage Clerks state the following job skills are important in their day-to-day work.
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
- Client Administrator
- Brokerage Agent
- Client Associate
- Operations Representative
- Quotation Checker
What Kind of Brokerage Clerk Job Opportunities Are There?
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. 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 average yearly salary of a Brokerage Clerk ranges between $34,670 and $76,550.
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 to Become a Brokerage Clerk
What kind of Brokerage Clerk requirements are there?
How Long Does it Take to Become a Brokerage Clerk?
Who Employs Brokerage Clerks?
Below are examples of industries where Brokerage Clerks work:
Other Jobs You May be Interested In
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References:
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