Broker Assistant Salary

Broker Assistants in the United States can expect only a modest salary, with average pay of just $40K per year. Geographic location and career length 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 more than a third lack any coverage at all. Medical benefits are reported by more than half and dental coverage is claimed by two in five. Among survey respondents, women are more common than men; 88 percent of Broker Assistants are female. The majority of workers are highly satisfied with their job. The information for this snapshot was generated by responses to the PayScale salary survey.
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$31,438 - $60,991
$31K
$41K
$61K
MEDIAN: $41,123
10%
50%
90%

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$9.97 - $21.81
$10
$15
$22
MEDIAN: $14.95
10%
50%
90%

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$0$60K
Salary $31,438 - $60,991
Bonus $303 - $11,159
Profit Sharing $3,500
Commission $10,000
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).
)
$23,117 - $60,625
  • Country: United States
  • Currency: USD
  • Updated: 18 Nov 2017
  • Individuals Reporting: 56
Hourly Data $0$33
Hourly Rate $9.97 - $21.81
Overtime $30.48
Annual Data $0$60K
Bonus $303 - $11,159
Commission $10,000
Profit Sharing $3,500
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).
)
$23,117 - $60,625
  • Country: United States
  • Currency: USD
  • Updated: 18 Nov 2017
  • Individuals Reporting: 49

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

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
84 %
Male
16 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 16 votes.
Less than 1 year
10%
1-4 years
52%
5-9 years
21%
10-19 years
10%
20 years or more
6%

Experience Affects Broker Assistant Salaries

Experienced
▲24%

Late-Career
▲24%

Mid-Career
▲8%

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

Extremely satisfied
Rated 5 out of 5
based on 16 votes.

Gender

Female
84 %
Male
16 %

Years of Experience

Less than 1 year
10%
1-4 years
52%
5-9 years
21%
10-19 years
10%
20 years or more
6%

Common Health Benefits

medical benefits
Medical: 61%
dental benefits
Dental: 45%
vision benefits
Vision: 33%
no benefits
None: 39%