A brokerage clerk is usually employed by brokerage companies and tasked with maintaining the company’s documentation, such as the files related to past transactions, as well as all of the data that relates to the company’s stocks and investments. A brokerage clerk may have additional responsibilities as defined in their specific contract – for example, a brokerage clerk may be directly responsible for closing some of the deals and verifying the details about them. Normally, it is a brokerage clerk’s job to verify all of the certificates and other legal documents presented by the other party in a deal.
Since brokerage clerks aren’t directly involved in the sales of the company they’re employed by, a financial education background is usually not a requirement for getting employed as one. A high school diploma suffices in most cases, and most of the important details about the job are taught as the employee progresses. Computers are utilized heavily in brokerage firms, and a brokerage clerk’s job involves using them on a constant basis as well, so good knowledge of computer systems and some specific software is usually required.
Brokerage clerks can expect to make between $37,000 and $48,000 annually. The general level of compensation for the position has been steadily increasing over the past few years, and the prospects for further increase are great as well – brokerage clerks are expected to double their annual earnings in a decade or so. Annual salaries of over $50,000, while rare, are a possibility for brokerage clerks.