Broker Assistant Salary

The average Broker Assistant in the United States can expect to rake in roughly $43K annually. Location is the biggest factor affecting pay for this group, followed by experience level. Some workers in this field — about one in three — are not awarded benefits. Medical coverage is reported by the larger part and dental plans are enjoyed by a little more than half. For the most part, Broker Assistants enjoy their work and report high levels of job satisfaction. Women make up the vast majority of Broker Assistants (83 percent) who answered the questionnaire. The figures in this rundown are based on the results of PayScale's salary questionnaire.
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$29,462 - $60,197
(Median)
$29K
$43K
$60K
MEDIAN: $43,391
10%
50%
90%

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$10.36 - $21.99
(Median)
$10
$15
$22
MEDIAN: $15.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$21K$42K$63K
Salary
$29,462 - $60,197  
   
Bonus
$150.00 - $11,665  
Commission
$2,500 - $4,700  
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).
)
$27,263 - $60,013  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 109
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$13$26$39
Hourly Rate
$10.36 - $21.99  
   
Overtime
$0.00 - $37.55  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$26K$52K$78K
Bonus
$150.00 - $11,665  
   
Commission
$2,500 - $4,700  
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).
)
$27,263 - $60,013  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 49
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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.

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Broker Assistant Tasks

  • Assist with billing, compliance, and other processes.
  • Create templates and communication documents.
  • Answer and direct phones and emails.
  • Enter and analyze data, identifying discrepancies or missing data.
  • Answer questions and provide data when questions or problems arise.

Broker Assistant Job Listings

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Survey takers who work as Broker Assistants report a focused set of job skills. Those who have experience with Microsoft Office, Customer Service, and Office Administration can expect to be compensated well for these skills. Skills that are correlated to lower pay, on the other hand, include Office Administration and Customer Service.

Pay by Experience Level for Broker Assistant

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Salaries for the relatively untried average out to around $38K, but survey participants with five to 10 years of experience earn a significantly higher median of $48K. After working for 10 to 20 years, Broker Assistants make a median salary of $51K. Survey participants with more than two decades under their belts actually report earning less than people with less experience; the former take home only $45K on average.

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Experience Affects Broker Assistant Salaries

Experienced
up arrow 23%

Mid-Career
up arrow 15%

Late-Career
up arrow 8%

National Average
$42,000

Entry-Level
up arrow 10%

Skills That Affect Broker Assistant Salaries

Microsoft Office
up arrow 14%

National Average
$42,000

Customer Service
up arrow 10%

Office Administration
up arrow 13%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 27 votes.

Gender

Female
83 %
Male
17 %

Years of Experience

Less than 1 year
9%
1-4 years
45%
5-9 years
16%
10-19 years
20%
20 years or more
9%

Common Health Benefits

medical benefits Medical: 66% dental benefits Dental: 52%
vision benefits Vision: 44% employee benefits None: 32%
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