Broker Assistant Salary

Broker Assistants in the United States take home approximately $43K per year on average. Location and years of experience each impact pay for this group, with the former having the largest influence. Health benefits are not enjoyed by everyone in this line of work, and roughly a third lack any coverage at all. Medical benefits are reported by the larger part and dental coverage is claimed by roughly one-half. The majority of workers are highly satisfied with their job. Women make up the vast majority of Broker Assistants (82 percent) who answered the questionnaire. This report is based on responses to the PayScale salary survey.
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$29,687 - $59,458
(Median)
$30K
$43K
$59K
MEDIAN: $42,683
10%
50%
90%

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$10.68 - $21.83
(Median)
$11
$16
$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
$29,687 - $59,458  
   
Bonus
$292.33 - $10,256  
Profit Sharing
$4,000  
Commission
$3,000  
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).
)
$27,146 - $59,187  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 136
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
$10.68 - $21.83  
   
Hourly Tips
$0.63  
Overtime
$0.00 - $37.04  
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
$292.33 - $10,256  
   
Commission
$3,000  
Profit Sharing
$4,000  
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).
)
$27,146 - $59,187  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 66
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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 report just a handful of professional skills. Those who have experience with Microsoft Office, Office Administration, and Customer Service can expect to be compensated well for these skills. Skills that are correlated to lower pay, on the other hand, include Customer Service.

Pay by Experience Level for Broker Assistant

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


Survey participants with less than five years' experience pocket $37K on average, but those with five to 10 years of experience enjoy a much bigger median of $46K. Broker Assistants with one to two decades of relevant experience report an average salary of approximately $50K. Broker Assistants who claim more than two decades of experience actually make somewhat smaller average paychecks of $47K.

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.

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Experience Affects Broker Assistant Salaries

Experienced
up arrow 24%

Mid-Career
up arrow 15%

Late-Career
up arrow 15%

National Average
$40,000

Entry-Level
up arrow 8%

Skills That Affect Broker Assistant Salaries

Microsoft Office
up arrow 17%

Office Administration
up arrow 1%

National Average
$40,000

Customer Service
up arrow 7%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 36 votes.

Gender

Female
82 %
Male
18 %

Years of Experience

Less than 1 year
11%
1-4 years
46%
5-9 years
17%
10-19 years
19%
20 years or more
7%

Common Health Benefits

medical benefits
Medical: 64%
dental benefits
Dental: 48%
medical benefits
Vision: 42%
dental benefits
None: 33%
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