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Broker Assistant Salary

Pay for Broker Assistants in the United States sits in the ballpark of $42K annually. Career length is the biggest factor affecting pay for this group, followed by geography. The vast majority of Broker Assistants (84 percent) who responded to the survey are women. Just under one in three of professionals in this line of work do not receive benefits; however, the larger part report medical coverage and one-half claim dental coverage as well. Most workers in this position report high levels of job satisfaction. This snapshot results from replies to PayScale's salary survey.
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$28,896 - $60,807
(Median)
29K
34K
42K
51K
61K
MEDIAN: $42,463
10%
25%
50%
75%
90%

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$10.27 - $20.61
(Median)
10
14
19
21
MEDIAN: $15.00
10%
25%
75%
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
$28,896 - $60,807  
   
Bonus
$0.00 - $12,027  
Commission
$2,468 - $3,561  
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).
)
$27,883 - $60,697  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 86
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$11$22$33
Hourly Rate
$10.27 - $20.61  
   
Overtime
$0.00 - $17.50  
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$22K$44K$66K
Bonus
$0.00 - $12,027  
   
Commission
$2,468 - $3,561  
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).
)
$27,883 - $60,697  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 28
United States (change)

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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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 $49K. The average pay reported by folks with 10 to 20 years of experience is around $50K. For some reason, Broker Assistants with more than two decades of experience report lower paychecks overall; the median sum in this group sits near $46K.

Experience Affects Broker Assistant Salaries

Experienced
up arrow 20%

Mid-Career
up arrow 17%

Late-Career
up arrow 10%

National Average
$42,000

Entry-Level
up arrow 10%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 22 votes.

Gender

Female
84 %
Male
16 %

Years of Experience

Less than 1 year
10%
1-4 years
40%
5-9 years
16%
10-19 years
24%
20 years or more
11%

Common Health Benefits

medical benefits Medical: 67% dental benefits Dental: 49%
vision benefits Vision: 41% employee benefits None: 31%