Broker Assistants in the United States may have to scrimp and save; the median compensation is $41K per year. Geographic location and tenure each impact pay for this group, with the former having the largest influence. While some workers in this profession — just under a third — do not have any health coverage, the larger part do receive medical benefits and roughly one-half have dental insurance. Most workers in this position report high levels of job satisfaction. There are far more female Broker Assistants who answered the questionnaire than men, making up 81 percent. The numbers in this rundown were provided by PayScale's salary survey participants.
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$30,340 - $54,652
(Median)
$30K
$41K
$55K
MEDIAN: $40,921
10%
50%
90%

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$10.17 - $22.14
(Median)
$10
$15
$22
MEDIAN: $15.00
10%
50%
90%

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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$20K$40K$60K
Salary
$30,340 - $54,652  
   
Bonus
$550 - $11,469  
Profit Sharing
$6,000  
Commission
$4,400  
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).
)
$25,261 - $57,834  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 84
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
$10.17 - $22.14  
   
Overtime
$15.32 - $37.29  
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
$550 - $11,469  
   
Commission
$4,400  
Profit Sharing
$6,000  
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).
)
$25,261 - $57,834  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 64
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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.

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Pay by Experience Level for Broker Assistant

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


For many Broker Assistants, extensive experience does not lead to significantly more money. The average worker who claims fewer than five years of experience earns around $36K. In contrast, however, individuals who report five to 10 years in this occupation see a much larger median of $44K. People with 10 to 20 years of experience make an average of about $48K in this role. Broker Assistants who have stuck around for more than two decades see earnings that are no higher than those of folks who have worked for 10 to 20 years.

Broker Assistant Reviews

What is it like working as a Broker Assistant?

Broker Assistant in Miami:
Pros: First job experience in the US after getting green card. Close to home. Flexible and understanding boss.
Cons: Being inside an office. Sitting at a desk. Low pay. Field: don't like financial or legal matters.

What do you wish you knew about your job when you first started out?

Broker Assistant in New York:
Be customer friendly, thorough. Don't be afraid to ask questions. Don't take things personal. Learn as much as you can.

Related Job Salaries

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Experience Affects Broker Assistant Salaries

Experienced
up arrow 25%

Late-Career
up arrow 25%

Mid-Career
up arrow 15%

National Average
$39,000

Entry-Level
up arrow 8%

Skills That Affect Broker Assistant Salaries

Microsoft Office
up arrow 23%

Office Administration
up arrow 6%

National Average
$39,000

Customer Service
up arrow 3%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 14 votes.

Gender

Female
81 %
Male
19 %

Years of Experience

Less than 1 year
13%
1-4 years
50%
5-9 years
20%
10-19 years
13%
20 years or more
5%

Common Health Benefits

medical benefits
Medical: 66%
dental benefits
Dental: 48%
medical benefits
Vision: 39%
dental benefits
None: 31%
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