Broker Assistant Salary
|Salary||$30,393 - $52,577|
|Bonus||$592 - $11,159|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$25,169 - $55,649|
|Hourly Rate||$10.08 - $21.48|
|Bonus||$592 - $11,159|
|Total Pay (||$25,169 - $55,649|
Job Description for Broker Assistant
Broker assistants perform a number of tasks in brokerage houses. Their responsibilities include managing petty cash accounts, maintaining hedge fund records, and maintaining office supplies. Additionally, they may perform a range of administrative tasks such as scheduling meetings, filing for expense reimbursement, and handle calls and emails to the office. A broker assistant often reports to the brokers in their organizations; occasionally, they may report to a higher-level professional such as the vice president.Read More...
Typically, a broker assistant spends most of their time in an office environment; they generally aren't required to perform physically strenuous tasks, although they may occasionally have to lift files or other small items. The broker assistant position is typically full time and requires work during regular business hours. Broker assistants typically interact with many different people in their office, from secretaries to fellow assistants to supervisors, and they must have excellent interpersonal skills. In addition to the coworkers, broker assistants interact often with customers for tasks such as reminding them of appointments and letting them know if one of their orders has been filled.
Many companies require broker assistant candidates to have a bachelor's degree in either finance or economics. They must also have a basic knowledge of computers and have strong organizational skills. The broker assistant must be able to make quick, calculated decisions in the workplace to solve problems as they arise.
Broker Assistant Tasks
- Enter and analyze data, identifying discrepancies or missing data.
- Answer questions and provide data when questions or problems arise.
- Answer and direct phones and emails.
- Assist with billing, compliance, and other processes.
- Create templates and communication documents.
Pay by Experience Level for Broker Assistant
Pay by Experience for a Broker Assistant has a positive trend. An entry-level Broker Assistant with less than 5 years of experience can expect to earn an average total compensation of $36,000 based on 92 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Broker Assistant with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $41,000 based on 24 salaries. An experienced Broker Assistant which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $47,000 based on 19 salaries. A Broker Assistant with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $47,000 based on 8 salaries.
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