Brokerage Clerks: Job 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.
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What Do Brokerage Clerks Take On?
Typical responsibilities of brokerage clerks span:
- 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.
Skills and Knowledge
Successful brokerage clerks rely on a mix of skills and domain knowledge.
Key Skills
The competencies most important for this role, rated on an importance scale of 0 to 5:
Top Knowledge Areas
Other Brokerage Clerks Job Titles
Common job titles for this role include:
- Account Administrator
- Broker Assistant
- Broker Associate
- Brokerage Agent
- Brokerage Analyst
- Brokerage Assistant
- Brokerage Associate
- Brokerage Clerk
How Many Brokerage Clerks Are There?
There are about 1,227,732 brokerage clerks working in the United States today. This occupation is expected to grow by +6.2% over the projection horizon.
Salary for Brokerage Clerks
| Statistic | Value |
|---|---|
| Annual median | $52,416 |
| Hourly median | $25.20 |
| 10th percentile | $33,297 |
| 25th percentile | $42,857 |
| 75th percentile | $61,976 |
| 90th percentile | $71,535 |
Pay can vary substantially based on experience, location, and industry.
Brokerage Clerks Salary by State
| 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 |
| Hawaii | $64,550 |
| Washington | $64,540 |
| Kansas | $64,530 |
| Maryland | $64,020 |
| Arizona | $63,470 |
| Michigan | $62,920 |
| Georgia | $61,940 |
| Ohio | $61,680 |
| Louisiana | $61,320 |
| Tennessee | $61,300 |
| Pennsylvania | $61,290 |
| Nevada | $61,150 |
| North Carolina | $61,050 |
| Wisconsin | $60,770 |
| Oklahoma | $60,750 |
| Massachusetts | $60,740 |
| Rhode Island | $60,590 |
| Florida | $60,530 |
| Minnesota | $60,340 |
| Alabama | $60,270 |
| Illinois | $59,590 |
| Utah | $59,140 |
| New Mexico | $59,100 |
| Texas | $58,120 |
| Missouri | $57,650 |
| Virginia | $57,560 |
| South Dakota | $56,900 |
| Indiana | $56,060 |
| South Carolina | $53,390 |
| Alaska | $52,220 |
| Iowa | $52,160 |
| Mississippi | $51,910 |
| Nebraska | $51,370 |
| Kentucky | $51,140 |
| Puerto Rico | $50,830 |
| New Hampshire | $49,030 |
| Montana | $47,710 |
Pay by U.S. Region
Pay for brokerage clerks shift depending on where you work. These regions lead on median pay:
| Region | Median annual wage | Share of U.S. jobs | Location quotient |
|---|---|---|---|
| Far Western US | $75,188 | 18.1% | 1.18 |
| Middle Atlantic | $70,561 | 28.6% | 2.14 |
| New England | $60,377 | 5.1% | 1.45 |
| Southwest | $59,652 | 10.1% | 0.96 |
| Great Lakes | $59,638 | 13.5% | 1.06 |
| Southeast | $58,442 | 15.9% | 0.79 |
| Plains States | $58,003 | 7.3% | 1.27 |
| Rocky Mountains | $57,197 | 1.5% | 0.78 |
Where the Jobs Cluster
| Metro area | State | Median annual wage | Employment |
|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA | CA | $84,290 | |
| New York-Newark-Jersey City, NY-NJ | NY | $77,090 | 6,290 |
| San Francisco-Oakland-Fremont, CA | CA | $74,740 | 900 |
| Bridgeport-Stamford-Danbury, CT | CT | $74,730 | 160 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | DC | $70,590 | 580 |
| Portland-South Portland, ME | ME | $67,730 | 60 |
| Portland-Vancouver-Hillsboro, OR-WA | OR | $66,380 | 230 |
| Denver-Aurora-Centennial, CO | CO | $66,210 | 70 |
Which Industries Hire Brokerage Clerks
The bulk of brokerage clerks are concentrated in the following sectors:
| Industry | Employment | Median annual wage |
|---|---|---|
| Finance and Insurance | 35,300 | $63,550 |
| Management of Companies and Enterprises | 1,380 | $61,110 |
| Educational Services | 730 | $51,930 |
| Transportation and Warehousing | 700 | $58,460 |
| Administrative and Support and Waste Management and Remediation Services | 490 | $59,090 |
| Information | 90 | $56,520 |
| Construction | 50 | $56,640 |
The table below shows some of the most common industries where those employed in this career field work.
Tech Stack
- Document management software: Adobe Acrobat (hot technology)
- Graphics or photo imaging software: Adobe Creative Cloud software (hot technology)
- Graphics or photo imaging software: Adobe Illustrator (hot technology)
- Desktop publishing software: Adobe InDesign (hot technology)
- Graphics or photo imaging software: Adobe Photoshop (hot technology)
- Data base user interface and query software: Microsoft Access (hot technology)
- Spreadsheet software: Microsoft Excel (hot technology)
- Office suite software: Microsoft Office software (hot technology)
- Electronic mail software: Microsoft Outlook (hot technology)
- Presentation software: Microsoft PowerPoint (hot technology)
- Document management software: Microsoft SharePoint (hot technology)
- Word processing software: Microsoft Word (hot technology)
The Day-to-Day Environment
The on-the-job environment of brokerage clerks is shaped by the following characteristics:
- Telephone Conversations
- Contact With Others
- Importance of Being Exact or Accurate
- Face-to-Face Discussions with Individuals and Within Teams
Getting Started in This Career
Most brokerage clerks positions require a bachelor’s degree as the typical entry-level education. This career aligns with Medium Preparation Needed (Job Zone 3), signaling the level of preparation typically expected.
Related Careers
Similar Occupations
- Financial Managers (Supplemental)
- Management Analysts (Supplemental)
- Accountants and Auditors (Supplemental)
- Credit Analysts (Supplemental)
- Financial and Investment Analysts (Supplemental)
- Personal Financial Advisors (Supplemental)
- Loan Officers (Supplemental)
- Securities, Commodities, and Financial Services Sales Agents (Primary-Short)
Degree Programs
Students preparing for brokerage clerks typically earn programs in:
Business, Management, Marketing, and Related Support Services
1 programs across 1 majors
About the Data
Data on this page comes from the following authoritative sources:
- U.S. Bureau of Labor Statistics — Occupational Employment and Wage Statistics (OEWS) for employment and wage data by state and industry.
- BLS Employment Projections for total employment and growth forecasts.
- O*NET (Occupational Information Network) for skills, knowledge, tasks, work activities, work context, technology, and education-zone data.
SOC code: 43-4011.00 (Brokerage Clerks).
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