Brokerage clerks provide administrative and clerical support to brokerage firms and financial institutions. Their job descriptions typically include tasks such as processing securities transactions, maintaining records of trades, updating client accounts, communicating with clients and other financial professionals, preparing reports, and assisting with general office duties. They play a crucial role in ensuring the smooth operation of the firm's trading activities and client services.
This income data is sourced from the May 2023 Occupational Employment and Wage Statistics (OEWS) survey. The dataset is updated annually.
Annual Pay Distribution | Salary |
|---|---|
10th percentile | $42,980.00 |
25th percentile | $42,980.00 |
median (50th percentile) | $42,980.00 |
75th percentile | $47,280.00 |
90th percentile | $54,460.00 |
Hourly Pay Distribution | Hourly Rate |
|---|---|
10th percentile | $20.66 |
25th percentile | $20.66 |
median (50th percentile) | $20.66 |
75th percentile | $22.73 |
90th percentile | $26.18 |
Brokerage clerks typically need a high school diploma or equivalent to enter the field, though some may pursue postsecondary education in finance or related fields to enhance their job prospects. On-the-job training is commonly provided by brokerage firms, where clerks learn about securities regulations, trading procedures, and software tools used in the industry. These professionals often acquire knowledge of financial markets, customer service skills, and familiarity with relevant computer applications through hands-on experience under the guidance of experienced colleagues. Additionally, they might attend seminars or workshops to stay updated on industry trends and regulations, ensuring they remain competent and effective in their roles.