Broker Assistant Salary

Broker Assistants in the United States can expect wages of $43K annually on average. Geographic location is the biggest factor affecting pay for this group, followed by years of experience. Although a majority have medical coverage and a little more than half have dental coverage, roughly a third claim no health benefits at all. The vast majority of Broker Assistants (82 percent) who participated in the survey are women. For the most part, Broker Assistants enjoy their work and report high levels of job satisfaction. The numbers in this rundown were provided by PayScale's salary survey participants.
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$29,497 - $60,152

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$10.43 - $21.99

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$21K$42K$63K
Salary
$29,497 - $60,152  
   
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).
)
$27,338 - $59,904  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 110
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$13$26$39
Hourly Rate
$10.43 - $21.99  
   
Overtime
$0.00 - $37.55  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$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).
)
$27,338 - $59,904  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 51
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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 pay less than market rate 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.


The average worker who claims fewer than five years of experience earns around $38K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $47K. Broker Assistants bring in $51K after working for 10 to 20 years. Broker Assistants who have racked up more than two decades of experience report lower incomes overall; the average sum for this crowd comes out to only $45K.

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Experience Affects Broker Assistant Salaries

Experienced
up arrow 23%

Mid-Career
up arrow 15%

Late-Career
up arrow 9%

National Average
$41,000

Entry-Level
up arrow 9%

Skills That Affect Broker Assistant Salaries

Microsoft Office
up arrow 15%

National Average
$41,000

Customer Service
up arrow 10%

Office Administration
up arrow 12%

Job Satisfaction

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

Gender

Female
82 %
Male
18 %

Years of Experience

Less than 1 year
9%
1-4 years
45%
5-9 years
17%
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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