Brokerage Clerks
SOC: 43-4011.00

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.


National Salary Information:

Hourly Statistics:

Annual Statistics:

Source: Bureau of Labor Statistics 2015 wage data.


Employment Projections:

Employment (2014):
57,200 employed

Projected (2024):
62,400 employed

Projected growth (2014-2024)


Source: Bureau of Labor Statistics 2015 2014-2024 employment projections external site. "Projected growth" represents the estimated change in total employment over the projections period (2014-2024). "Projected job openings" represent openings due to growth and replacement.


Alternate Titles:

  • Account Administrator
  • Broker Assistant
  • Brokerage Coordinator
  • Brokerage Purchase-and-Sale Clerk
  • Client Administrator
  • Client Associate
  • Client Service Associate
  • Client Service Representative
  • Commodities Clerk
  • Coupon Clerk
  • Dividend Clerk
  • Information Clerk Brokerage
  • Margin Clerk
  • Operations Clerk
  • Operations Coordinator
  • OTC Clerk (Over the Counter Clerk)
  • Portfolio Assistant
  • Quotation Checker
  • Quotation Clerk
  • Registered Account Administrator
  • Registered Associate
  • Registered Sales Assistant
  • Sales Assistant
  • Sales Trader
  • Securities Clerk
  • Securities Settlement Processor
  • Stock Clerk
  • Telephone Quotation Clerk
  • Trading Assistant
  • Transaction Processor
  • Transfer Clerk


  • Job Zone Three: Medium Preparation Needed

    Experience:

    Previous work-related skill, knowledge, or experience is required for these occupations. For example, an electrician must have completed three or four years of apprenticeship or several years of vocational training, and often must have passed a licensing exam, in order to perform the job.

    Education:

    Most occupations in this zone require training in vocational schools, related on-the-job experience, or an associate's degree.

    Job Training:

    Employees in these occupations usually need one or two years of training involving both on-the-job experience and informal training with experienced workers. A recognized apprenticeship program may be associated with these occupations.


    Required Skills:

  • Reading Comprehension
  • Active Listening
  • Writing
  • Speaking
  • Mathematics
  • Critical Thinking
  • Active Learning
  • Learning Strategies
  • Monitoring
  • Social Perceptiveness
  • Coordination
  • Persuasion
  • Negotiation
  • Instructing
  • Service Orientation
  • Complex Problem Solving
  • Operations Analysis
  • Programming
  • Operation Monitoring
  • Judgment and Decision Making
  • Systems Analysis
  • Systems Evaluation
  • Time Management
  • Management of Financial Resources
  • Management of Material Resources
  • Management of Personnel Resources

  • Knowledge Used:

  • Administration and Management
  • Clerical
  • Economics and Accounting
  • Sales and Marketing
  • Customer and Personal Service
  • Personnel and Human Resources
  • Production and Processing
  • Computers and Electronics
  • Engineering and Technology
  • Mathematics
  • Psychology
  • Education and Training
  • English Language
  • Foreign Language
  • Public Safety and Security
  • Law and Government
  • Telecommunications
  • Communications and Media
  • Transportation


  • Tasks:

  • Correspond with customers and confer with coworkers to answer inquiries, discuss market fluctuations, or resolve account problems.
  • Schedule and coordinate transfer and delivery of security certificates between companies, departments, and customers.
  • Prepare forms, such as receipts, withdrawal orders, transmittal papers, or transfer confirmations, based on transaction requests from stockholders.
  • File, type, or operate standard office machines.
  • Monitor daily stock prices and compute fluctuations to determine the need for additional collateral to secure loans.
  • 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.
  • Verify ownership and transaction information and dividend distribution instructions to ensure conformance with governmental regulations, using stock records and reports.
  • Document security transactions, such as purchases, sales, conversions, redemptions, or payments, using computers, accounting ledgers, or certificate records.
  • Perform clerical tasks, such as answering phones or distributing mail.

  • Tools & Technology:

  • 10-key calculators
  • Desktop computers
  • Multi-line telephone systems
  • Personal computers
  • Account management software
  • Bloomberg Professional
  • Data entry software
  • FrontRange Solutions Goldmine software
  • Instant messaging software
  • Microsoft Excel
  • Microsoft Office software
  • Microsoft Outlook
  • Microsoft PowerPoint
  • Microsoft Visual FoxPro
  • Microsoft Word
  • Online trading software
  • Royal Alliance VISION2020 Core
  • Scheduling software
  • Spreadsheet software
  • Transaction processing software
  • Web browser software
  • WiredRed Software e/pop Basic


  • office and administrative support


    industry stats

    SOC: 43-0000

    Total Employed: 21,846,420

    Average Annual Salary: $36,330