Brokerage Clerk Job Description
|Salary: $32,500 – $50,100||Number of Jobs: 67,610|
|Hourly Rate: $15.65 – $24.11||Employment Outlook: Normal|
|Green Job: No||Education: Moderate-term on-the-job training|
What do Brokerage Clerks do?
Brokerage clerks perform many different duties related to the holding, sale, and purchase of securities such as stocks, bonds, and other types of investments.
In most firms, this is an entry level position that’s perfect for recent college graduates who want to get a foot in the door at a financial firm.
The work that brokerage clerks do is mostly administrative in nature, but it will teach you the fundamental knowledge that you will need to move into more advanced positions as you continue your career.
Brokerage clerks with a bachelor’s degree are often promoted to more senior positions after spending time on the job.
Work Environment and Schedule
Brokerage clerks work in the offices of brokerage and securities firms. They spend most of their time working in front of a computer, and are normally able to work regular business hours.
Because this is an entry level position, the work can be very repetitive and tedious. For some people, it can be mentally strenuous to remain focused for long stretches of time while performing repetitive tasks.
Travel is rarely required for brokerage clerks, though overtime is sometimes required when there is particularly heavy stock market activity.
How to Become a Brokerage Clerk
The educational requirements for brokerage clerk jobs vary depending on the position. Some employers prefer candidates with a college degree in business or economics, while others require only a high school diploma.
Even though it isn’t always required, you should seriously consider getting a bachelor’s degree if you’re interested in working in this occupation. Without one, your opportunities for advancement will be severely limited.
Brokerage clerks are trained on the job. Training normally lasts about a month, but the duration varies depending on the employer.
There are currently 67,610 brokerage clerks in the United States, with 1,920 new brokerage clerk job openings created each year.
Brokerage Clerk jobs are not expected to see much growth beyond their current levels in the next decade.
Brokerage Clerk Salaries
Brokerage Clerk salaries can vary depending on your experience, the location, company, industry, and benefits provided. Nationwide, most brokerage clerks make between $32,500 – $50,100 per year, or $15.65 – $24.11 per hour.