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Broker Assistant Salary

Earnings for Broker Assistants in the United States come in at around $43K annually on average. Geographic location is the biggest factor affecting pay for this group, followed by experience level. Most Broker Assistants report high levels of job satisfaction. The vast majority (84 percent) of Broker Assistants who took the survey are female. Health benefits are not enjoyed by everyone in this line of work, and close to a third lack any coverage at all. Medical benefits are reported by the larger part and dental coverage is claimed by nearly one-half. Figures cited in this summary are based on replies to PayScale's salary questionnaire.
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$29,630 - $60,427
(Median)
$30K
$43K
$60K
MEDIAN: $42,983
10%
50%
90%

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$10.33 - $22.10
(Median)
$10
$16
$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
$29,630 - $60,427  
   
Bonus
$150.00 - $11,711  
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).
)
$27,569 - $59,893  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 104
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
$10.33 - $22.10  
   
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 - $11,711  
   
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).
)
$27,569 - $59,893  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 48
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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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Broker Assistants usually report a few specific skills. Microsoft Office and Office Administration are considered valuable skills and can increase employee pay. Skills that are correlated to lower pay, on the other hand, include Office Administration.

Pay by Experience Level for Broker Assistant

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


Relatively untried employees who have less than five years' experience make $38K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $48K. Broker Assistants with one to two decades of relevant experience report an average salary of approximately $52K. Folks with more than two decades of experience actually report lower incomes overall; their average comes out to a mere $45K.

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Experience Affects Broker Assistant Salaries

Experienced
up arrow 26%

Mid-Career
up arrow 15%

Late-Career
up arrow 8%

National Average
$42,000

Entry-Level
up arrow 9%

Skills That Affect Broker Assistant Salaries

Microsoft Office
up arrow 14%

National Average
$42,000

Office Administration
up arrow 13%

Job Satisfaction

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

Gender

Female
84 %
Male
16 %

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: 51%
vision benefits Vision: 42% employee benefits None: 33%
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