Broker Assistant Salary

Pay for Broker Assistants in the United States sits in the ballpark of $43K annually. Geographic location is the biggest factor affecting pay for this group, followed by career duration. The vast majority of Broker Assistants (83 percent) who responded to the survey are women. Job satisfaction for Broker Assistants is high. While some workers in this profession — nearly one in three — do not have any health coverage, the greater part do receive medical benefits and over one-half have dental insurance. The data in this summary comes from the PayScale salary survey.
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$29,426 - $60,242
(Median)
$29K
$43K
$60K
MEDIAN: $43,258
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
$29,426 - $60,242  
   
Bonus
$148.99 - $10,213  
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).
)
$27,238 - $59,709  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 108
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
$148.99 - $10,213  
   
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).
)
$27,238 - $59,709  
Country: United States | Currency: USD | Updated: 20 Jun 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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Broker Assistants who responded to the survey indicated only a few skills that they use on the job. Those who have experience with Microsoft Office, Customer Service, and Office Administration can expect to be compensated well for these skills. Skills that seem to negatively impact pay 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.


Respondents with less than five years' experience take home $37K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $48K. Broker Assistants with one to two decades of relevant experience report an average salary of approximately $51K. 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 16%

Late-Career
up arrow 9%

National Average
$41,000

Entry-Level
up arrow 10%

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
83 %
Male
17 %

Years of Experience

Less than 1 year
10%
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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