Broker Assistant Salary

Pay for Broker Assistants in the United States is very modest at just $41K annually. Location is the biggest factor affecting pay for this group, followed by tenure. While some workers in this profession — around one in three — do not have any health coverage, the greater part do receive medical benefits and just over two-fifths have dental insurance. The majority of workers are highly satisfied with their job. Female Broker Assistants make up most of the survey respondents at 78 percent. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$30,393 - $52,577
$30K
$41K
$53K
MEDIAN: $40,820
10%
50%
90%

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$10.08 - $21.48
$10
$15
$21
MEDIAN: $15.22
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$19K$38K$57K
Salary
$30,393 - $52,577  
   
Bonus
$592 - $11,159  
Profit Sharing
$7,500  
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).
)
$25,169 - $55,649  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 75
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$10$20$30
Hourly Rate
$10.08 - $21.48  
   
Overtime
$25.25  
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$20K$40K$60K
Bonus
$592 - $11,159  
   
Commission
$4,400  
Profit Sharing
$7,500  
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).
)
$25,169 - $55,649  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 54

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United States (change)

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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

  • Enter and analyze data, identifying discrepancies or missing data.
  • Answer questions and provide data when questions or problems arise.
  • Answer and direct phones and emails.
  • Assist with billing, compliance, and other processes.
  • Create templates and communication documents.

Broker Assistant Job Listings

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Pay by Experience Level for Broker Assistant

Pay by Experience for a Broker Assistant has a positive trend. An entry-level Broker Assistant with less than 5 years of experience can expect to earn an average total compensation of $36,000 based on 92 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Broker Assistant with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $41,000 based on 24 salaries. An experienced Broker Assistant which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $47,000 based on 19 salaries. A Broker Assistant with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $47,000 based on 8 salaries.

Broker Assistant Reviews

Q: 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.

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

Key Stats for Broker Assistant

Gender

Female
78 %
Male
22 %

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 12 votes.
Less than 1 year
14%
1-4 years
50%
5-9 years
18%
10-19 years
12%
20 years or more
6%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Broker Assistant Salaries

Experienced
▲24%

Late-Career
▲24%

Mid-Career
▲7%

National Average
$38,000

Entry-Level
▼7%

Skills That Affect Broker Assistant Salaries

Microsoft Office
▲24%

Office Administration
▲7%

National Average
$38,000

Customer Service
▼2%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 12 votes.

Gender

Female
78 %
Male
22 %

Years of Experience

Less than 1 year
14%
1-4 years
50%
5-9 years
18%
10-19 years
12%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 63%
dental benefits
Dental: 42%
vision benefits
Vision: 36%
no benefits
None: 34%