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Brokerage Clerk

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Life As a Brokerage Clerk

Position 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.

Life As a Brokerage Clerk: What Do They Do?

  • Document security transactions, such as purchases, sales, conversions, redemptions, or payments, using computers, accounting ledgers, or certificate records.
  • Verify ownership and transaction information and dividend distribution instructions to ensure conformance with governmental regulations, using stock records and reports.
  • File, type, or operate standard office machines.
  • Prepare forms, such as receipts, withdrawal orders, transmittal papers, or transfer confirmations, based on transaction requests from stockholders.
  • 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.

Skills Needed to be a Brokerage Clerk

These are the skills Brokerage Clerks say are the most useful in their careers:

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.

  • Wealth Services Associate
  • Securities Processor
  • Brokerage Agent
  • Registered Account Administrator
  • Registered Sales Assistant

Job Outlook for Brokerage Clerks

There were about 60,400 jobs for Brokerage Clerk in 2016 (in the United States). 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. Due to new job openings and attrition, there will be an average of 6,600 job openings in this field each year.

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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.

Average Brokerage Clerks Salary

Brokerage Clerks make between $34,670 and $76,550 a year.

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Brokerage Clerks who work in New York, Connecticut, or New Jersey, make the highest salaries.

How much do Brokerage Clerks make 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

Tools & Technologies Used by Brokerage Clerks

Although they’re not necessarily needed for all jobs, the following technologies are used by many Brokerage Clerks:

  • 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?

Are there Brokerage Clerks education requirements?

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What work experience do I need to become a Brokerage Clerk?

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Where Brokerage Clerks Are Employed

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Below are examples of industries where Brokerage Clerks work:

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Similar Careers

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References:

Image Credit: Pixabay via CC0 License

More about our data sources and methodologies.

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