Brokerage clerks
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Overview
Financial clerks do administrative work for many types of organizations. They keep records, help customers, and carry out financial transactions.
Predicted employment growth
Over the next decade, jobs for brokerage clerks are expected to grow by 5%, and should have about 6,600 job openings a year.
Safety from automation
Brokerage clerks are more likely to be automated than 95% of other careers.
Workforce size
Brokerage clerks, with 60,400 workers, are near the middle of all careers in the number employed.
Education
Only 45% of brokerage clerks have a bachelor's degree or higher.
Education attained by brokerage clerks
High School
Some College
Bachelor's Degree
Master's Degree
Doctorate
Context: workers with bachelor's degrees
More brokerage clerks have bachelor's degrees than 67% of other careeers.
Salaries
The median (middle) salary for brokerage clerks is higher than 54% of all other jobs' middle salaries. The graph shows inflation-adjusted salaries for most brokerage clerks.
This job's median $51KAll jobs' median $39K$51K$38K20142015201620172018$0$20K$40K$60K$80K$100K
Context: Median Salary
Gender
Women account for 68% of brokerage clerks -- that's a larger percentage than 82% of other jobs.
Gender of brokerage clerks
Men
Women
Context: Salary inequity
For each career, we compared the median (middle) men's salary to the median women's salary. For brokerage clerks, the median men's salary was 13% more the median woman's salary.
Race/Origin
About 15% of brokerage clerks are minority, and 12% are foreign-born.
Race/origin of brokerage clerks
White
Black
Pacific Islander
Hispanic
Asian
American Indian
Multiracial
Other
Context: Foreign-born workers (12%)
Where are the most jobs?
We ranked the number of jobs in Brokerage Clerks per thousand workers in each state, DC, and Puerto Rico. The darker the blue, the higher the job density.
AKMEVTNHWAIDMTNDMNMINYMARIORUTWYSDIAWIINOHPANJCTCANVCONEMOILKYWVVAMDDEAZNMKSARTNNCSCDCOKLAMSALGAHITXFLPR
Job benefits
Employer or union-sponsored pension plans are offered to 66% of brokerage clerks, and 100% have company-sponsored health insurance ( have dependents enrolled in their employer's health plan).
Employer-provided health coverage for brokerage clerks
100% premiums covered
Partial premiums covered
Plan with no cost sharing
No health insurance
Top college degrees
Here are the top college degrees held by the 45% of people in this job who have at least a bachelor's degree. Some of degrees may link to multiple programs due to the way Census classifies college majors. Click on a program to learn more about career opportunities for people who major in that field.
The downside
Some jobs are more stressful than others, and some are just plain dangerous. The following list gives the percentages of brokerage clerks who report hazardous or difficult situations typically occurring at least once a week.
  • Time Pressure (96%)
  • Consequence of Error (58%)
  • Frequency of Conflict Situations (50%)
  • Degree of Automation (47%)
  • Deal With Unpleasant or Angry People (44%)
SOURCES:24.0 O*NET
Salary and diversity
Salary overview
What do brokerage clerks earn?

In this section, we want to give you a clear idea of what you can expect to earn in this career. We use two sources of data here: the Bureau of Labor Statistics (BLS), which asks employers to classify their workforce and to report salaries using the SOC-specialty level of reporting, and the American Community Survey (ACS), which asks people to classify their jobs using the broad classifications that ididio uses for career profiles, and to self-report their salaries. For some jobs, the differences in survey approaches between BLS and ACS can paint a very different end-picture. Whenever possible, we provide data from both sources.

The BLS-compiled salary data is reported by companies for their employees. This data excludes self-employed workers. We first show the distribution of salaries for brokerage clerks, and then we show how the middle (median) salary for brokerage clerks compares to the BLS-computed median salaries of other careers.
Distribution: Salaries for brokerage clerks (BLS Salary Data)
$51K$0$20K$40K$60K$80K$100K$120K
Context: Median salaries across careers (BLS Salary Data)
$51K$0$20K$40K$60K$80K$100K$120K
We compiled household data from the ACS to determine the salaries that people working at least 35 hours a week report themselves to earn. Unlike the BLS estimates, this data includes self-employed wages. We first show the full salary distribution for all brokerage clerks, and then we show how the median (middle) salary for brokerage clerks compares to the median ACS-reported salary of other careers.
Distribution: Salaries for brokerage clerks (ACS Salary Data)
$47K$0$20K$40K$60K$80K$100K$120K
Context: Median salaries across careers (ACS Salary Data)
$47K$0$20K$40K$60K$80K$100K$120K
Employers and salary
A look at employers and corresponding salaries
The donut shares the break-down of workers by employer type, and following we show the salary distributions for these workers based on those employer types. For some careers, the salaries can be vastly different between private, government, and self-employment. As with our salary overview, we view the both the BLS economists' salary profiles and the household-reported salaries from ACS to get a thorough understanding of where brokerage clerks work and for what salary. We have the great faith in the accuracy of economist-vetted BLS data; however, the BLS restrictions on which employers are surveyed skews the data a bit (read more in the sources), and the ACS responses provide different and useful categorizations of employers and salaries.
Employers of Brokerage clerks (ACS)
Private for-profit (94.9%)
Private not-for-profit (0.5%)
Local government (0.4%)
State government (0.3%)
Federal government (0.0%)
Self-employed incorporated (2.3%)
Self-employed not incorporated (1.6%)
Working without pay (0.0%)
Distribution: Salaries of brokerage clerks by type of employer (ACS data)
Following are the salary distributions by employer type calculated by aggregating individual household survey responses.
$47K$47K$0$20,000$40,000$60,000$80,000Private for-profitAll
Distribution: Salaries of brokerage clerks by type of employer (BLS data)
Following are the salary distributions by employer type as reported by BLS based on large employer-focused surveys. We note that smaller employer categories are not included by BLS.
$51K$51K$0$20,000$40,000$60,000$80,000PrivateAll
Age and career advancement
Salary growth for brokerage clerks

The biggest take-away from the following two charts is the relationship between salary and experience that we can infer from age. Does this job seem to attract especially younger or older workers? Does it reward experience?

Take a minute a look at how much you might expect your salary to increase with each five years' experience, as well as how the numbers working in this career changes. We only provide this data when there are enough consistent ACS survey responses to allow a reasonable margin of error, so for some careers you will see gaps in our reporting of salary by age.

$48K$48K$50K$45K$0$20K$40K$60K$80K$100KSalary distribution20-2425-2930-3435-3940-4445-4950-5455-5960-64
02004006008001KNumber employed20-2425-2930-3435-3940-4445-4950-5455-5960-64

Our only sources for career data containing age, gender, or origin/race come from the Census Bureau. To provide these breakdowns, we have aggregated ACS person-level career survey responses by career, gender, race, and age. These graphics reflect the results of our aggregations, and are useful for identifying trends. A careful statistical study of the impact of age, gender, and race on salaries would correct for other factors that could be contributing to salary differences.

Gender and Equity
Brokerage clerks and gender

With 68% women, this occupation has a higher percentage of women than 82% of careers.

Context: Women in the workforce
68%0%20%40%60%80%100%
Gender of Brokerage clerks
Men (32%)
Women (68%)
Distribution: Salaries by gender

We only have enough data to accuarately show the salary distribution for women. This chart shows you the salary range for most workers by gender.

$46K$0$20K$40K$60K$80KWomen
Context: Salary Inequity

Nationwide there are twenty careers for which men do not have a higher median (middle) salary than women. The chart below shows the salary inequity, the percentage by which the median men's salary is higher than the median women's salary, for most jobs. Brokerage clerks have one of the middle percentage increases for men's salary, with the increase for the men's median salary over the women's median salary in this job higher than that for 35% of other jobs.

13%0%20%40%60%80%100%

Our only sources for career data containing age, gender, or origin/race come from the Census Bureau. To provide these breakdowns, we have aggregated ACS person-level career survey responses by career, gender, race, and age. These graphics reflect the results of our aggregations, and are useful for identifying trends. A careful statistical study of the impact of age, gender, and race on salaries would correct for other factors that could be contributing to salary differences.

Race/Origin
Race and origin of brokerage clerks

The representation of minority and foreign-born workers is quite different between careers, and the relative pay of those workers also varies significantly between careers. There is a smaller percentage of minority brokerage clerks than for 71% of other careers. The percentage of foreign-born workers in this career is near the middle of all careers.

Race/origin of brokerage clerks
White (83% )
Black (6% )
Asian (5% )
Multiracial (2% )
Other (2% )
Hispanic (1% )
American Indian (0% )
Pacific Islander (0% )
Context: Representation of minorities in the workforce
15%0%20%40%60%80%100%
Context: Representation of foreign-born workers
12%0%20%40%60%80%100%
Distribution: Salaries for brokerage clerks by race/origin

For some careers, there is a pay disparity depending on race or origin, though this is not prevalent. We calculate standard errors for all of our calculations, and when the error is high we do not show results. Therefore, for some jobs will have omitted race/origin categories.

$39K$47K$0$20K$40K$60K$80K$100KBlackWhite
Distribution: Salaries for brokerage clerks by nativity
$47K$0$20K$40K$60K$80KAll native citizens

Our only sources for career data containing age, gender, or origin/race come from the Census Bureau. To provide these breakdowns, we have aggregated ACS person-level career survey responses by career, gender, race, and age. These graphics reflect the results of our aggregations, and are useful for identifying trends. A careful statistical study of the impact of age, gender, and race on salaries would correct for other factors that could be contributing to salary differences.

Pathways to this career
Education requirements and salary
Education attained by brokerage clerks

According to the Bureau of Labor Statistics (BLS), brokerage clerks typically hold a high school diploma or equivalent.

Sometimes the typical education identified by the BLS differs a bit from the reality of the how much education current workers actually have. The donut shows the education level held by people currently working as brokerage clerks as reported in responses to the American Community Survey. Following, we investigate whether education level influences salary for brokerage clerks.

Education attained by brokerage clerks
None
High School
Some College
Associate's Degree
Bachelor's Degree
Master's Degree
Professional Deg/Doct
Doctorate
Details: Education and training recommended for brokerage clerks

Financial clerks typically need a high school diploma or equivalent to enter the occupation. Employers of brokerage clerks may prefer candidates who have taken some college courses in business or economics and, in some cases, who have a 2- or 4-year college degree.

Distribution: Salary by education level

What level of education is truly needed for brokerage clerks? Below we see the distribution of brokerage clerks salaries based on the education attained. These comparisons are based on all survey responses by those who identified themselves as brokerage clerks, and are not intended as a statistical analysis of salary differences that would correct for non-educational factors that could contribute to high or low earnings.

$43K$48K$43K$52K$0$20K$40K$60K$80KHigh School (18%)Some College (23%)Associate's Degree (12%)Bachelor's Degree (40%)
Bachelor's degree pathways
College majors held by brokerage clerks

This table shows the college majors held by people working as brokerage clerks. Select any degree to see detailed information. We are able to connect careers to degrees using the American Community Survey (ACS), and their degrees are defined a little differently from our programs, which are based on standard CIP classifications. Therefore, selecting some degrees will lead to a selection of CIP-level programs from which to choose.

If you see "**" before the name of a degree/program, that means this field is one that the Department of Education believes is preparatory for this career. However, you can see from this list that those recommendations are far from your only path to this job!

Degree
Select any title to learn more about that degree
Percentage of Brokerage clerks with this degree
Salary for all majors
Salary distribution (across jobs). Showing 0-$200,000.
Median
Middle 50%
Middle 80%
Education
Final education level of all people with this major
Bachelor's Degree
Master's Degree
Doctorate
Gender
Gender of people this bachelor's degree
Men
Women
11.5%
$0$200K$72K
8.5%
$0$200K$63K
7.3%
$0$200K$60K
6.5%
$0$200K$67K
5.5%
$0$200K$55K
5.1%
$0$200K$56K
3.6%
$0$200K$60K
3.4%
$0$200K$53K
2.8%
$0$200K$73K
2.0%
$0$200K$52K
1.5%
$0$200K$86K
1.3%
$0$200K$50K
1.2%
$0$200K$80K
1.2%
$0$200K$73K
The link between degrees and careers
The link between degrees and careers

With the following "sankey" diagram, you can follow the top ten bachelor's degrees held by people working as brokerage clerks, and then, in turn, you can see the 10 occupations that hire the most of each degree's graduates. This visualization links fields of studies and careers, suggesting both similar careers and options for degrees. The full list of bachelor's degrees held by brokerage clerks given in the previous section reminds us that there are many paths to these careers beyond what we can summarize here.

This job
Top 10 majors
Each major's top ten jobs
Accountants and auditorsFinancial managersManagers (specialized areas)Personal financial advisorsChief executives and legislatorsFinancial analystsSecurities, commodities, and financial services sales agentsLawyers, judges, and magistratesFirst-line supervisors of non-retail sales workersCredit counselors and loan officersFirst-line supervisors of retail sales workersWholesale and manufacturing sales representativesMarketing and sales managersRetail salespersonsElementary and middle school teachersMarket research analysts and marketing specialistsCustomer service representativesService sales representativesBookkeeping, accounting, and auditing clerksFirst-line supervisors of office and administrative support workersManagement analystsSecretaries and administrative assistantsHuman resources workersEducation administratorsPostsecondary teachersSecondary school teachersEditorsWriters and authorsFinanceGeneral BusinessMarketingAccountingBusiness Management andAdministrationLiberal ArtsCommunicationsInternational BusinessEnglish Language andLiteratureHistoryAll other degrees
Switching Careers
Most common new jobs
The most common next careers for brokerage clerks

What jobs will most brokerage clerks hold next year?

The data in this chart comes from person interviews for the Census Bureau's Current Population Survey. The survey interviews households eight times over a two-year period, allowing us a glimpse into how people move from job to job. You can see more details from the results of the survey in our last tab in this section, and you can read about our methodology in our source descriptions.

Here we see all of the jobs that at least 1% of brokerage clerks reported holding in their second year's survey. Is your future job on this list?

First-line supervisors of non-retail sales workersFirst-line supervisors of retail sales workersMarket research analysts and marketing specialistsSecurities, commodities, and financial services sales agentsReceptionists and information clerksBrokerage clerksAdvertising sales agentsIndustrial and refractory machinery mechanicsRetail salespersonsInsurance sales agentsReal estate brokers and sales agents
Lateral career moves
Lateral job transitions for brokerage clerks

A lateral career transition is a move to a job with similar pay and responsibilities. A move to such a job can offer a change of pace without an increase in stress or a decrease in pay. The following table simply identifies the one job which was held by at least 1% of survey respondents before working as brokerage clerks as well as 1% of respondents after working as brokerage clerks. Select a row to investigate the job's full description and determine if it truly offers an opportunity for a lateral transition.

Lateral-move careers for brokerage clerks
Annual openings
How many openings are expected each year?
Salary
Salary distribution for people in this occupation. Range is 0-$200,000.
Median
Middle 50%
Middle 80%
Education
High School
Some College
Bachelor's Degree
Master's Degree
Doctorate
Gender
Men
Women
Market research analysts and marketing specialists
78,300
$0$200K$63K
Full prior and next career listings
Prior and next careers for brokerage clerks: full listings

What do people typically do before and after they work as brokerage clerks? Here are the full lists of all jobs that at least 1% of brokerage clerks surveyed reported as holding a year earlier or later.

Choose which type of transition to view
Prior jobs
Next jobs
Prior careers for brokerage clerks
Annual openings
How many openings are expected each year?
Salary
Salary distribution for people in this occupation. Range is 0-$200,000.
Median
Middle 50%
Middle 80%
Education
High School
Some College
Bachelor's Degree
Master's Degree
Doctorate
Gender
Men
Women
Percentage Transitioning
What percentage worked in this job the previous year?
Customer service representatives
373,800
$0$200K$32K
1.2%
General office clerks
356,600
$0$200K$33K
11.0%
General and operations managers
210,700
$0$200K$67K
16.0%
Market research analysts and marketing specialists
78,300
$0$200K$63K
12.4%
Billing and posting clerks
59,700
$0$200K$34K
9.1%
Credit counselors and loan officers
34,300
$0$200K$54K
12.7%
Sales workers
14,200
$0$200K$51K
6.6%
Brokerage clerks
6,600
$0$200K$47K
9.2%
No occupation
21.8%
Read about brokerage clerks
Responsibilities and activities
Responsibilities and activities

Financial clerks typically do the following:

  • Keep and update financial records
  • Compute bills and charges
  • Offer customer assistance
  • Carry out financial transactions

Financial clerks give administrative and clerical support in financial settings. Their specific job duties vary by specialization and by setting.

The following are examples of types of financial clerks:

Billing and posting clerks calculate charges, generate bills, and prepare them to be mailed to customers. They review documents such as purchase orders, sales tickets, charge slips, and hospital records to compute fees or charges due. They also contact customers to get or give account information.

Gaming cage workers work in casinos and other gaming establishments. The “cage” in which they work is the central depository for money and gaming chips. Gaming cage workers sell gambling chips, tokens, or tickets to patrons. They count funds and reconcile daily summaries of transactions in order to balance books.

Payroll and timekeeping clerks compile and post employee time and payroll data. They verify and record attendance, hours worked, and pay adjustments. They ensure that employees are paid on time and that their paychecks are accurate.

Procurement clerks compile requests for materials, prepare purchase orders, keep track of purchases and supplies, and handle questions about orders. They respond to questions from customers and suppliers about the status of orders. Procurement clerks handle requests to change or cancel orders. They make sure that purchases arrive on schedule and that the items meet the purchaser’s specifications.

Brokerage clerks help with tasks associated with securities such as stocks, bonds, commodities, and other kinds of investments. Their duties include writing orders for stock purchases and sales, computing transfer taxes, verifying stock transactions, accepting and delivering securities, distributing dividends, and keeping records of daily transactions and holdings.

Credit authorizers, checkers, and clerks review the credit history, and get the information needed to determine the creditworthiness, of individuals or businesses applying for credit. Credit authorizers evaluate customers’ computerized credit records and payment histories to decide, based on predetermined standards, whether to approve new credit. Credit checkers call or write credit departments of business and service establishments to get information about applicants’ credit standing.

Loan interviewers, also called loan processors or loan clerks, interview applicants and others to get and verify personal and financial information needed to complete loan applications. They also prepare the documents that go to the appraiser and are issued at the closing of a loan.

New accounts clerks interview people who want to open accounts in financial institutions. They explain the account services available to prospective customers and help them fill out applications. They also investigate and correct errors in accounts.

Insurance claims and policy processing clerks process applications for insurance policies. They also handle customers’ requests to change or cancel their existing policies. Their duties include interviewing clients and reviewing insurance applications to ensure that all questions have been answered. They also notify insurance agents and accounting departments of policy cancellations or changes.

Personality and skills
Personality and skills

Can you see yourself in the ranks of brokerage clerks? Here are the skills and traits that could lead to success.

Communication skills
Financial clerks should have good communication skills so that they can explain policies and procedures to colleagues and customers.
Math skills
The job duties of financial clerks includes calculating charges and updating financial records.
Organizational skills
Strong organizational skills are important for financial clerks because they must be able to find files quickly and efficiently.
Trends in employment
Salary trends
Distribution and trends: Salaries for brokerage clerks
Choose actual dollars or inflation-adjusted dollars to view
Adjusted for inflation
Historic dollars

In 2018, the median (middle) salary for brokerage clerks was higher than 54% of all other jobs' middle salaries. This graphic shows how the salary distribution (adjusted for inflation) has changed for this job over recent years. The gray line, as a comparison, shows the median salary of all US workers.

This job's median $51KAll jobs' median $39K$47K$38K200420052006200720082009201020112012201320142015201620172018$0$20K$40K$60K$80K$100K
Projected versus actual employment
Exploring actual employment trends versus projected trends

Currently, jobs for brokerage clerks are anticipated to grow by 5% over the next decade; 62% of jobs are projected to grow more.

The projected employment for brokerage clerks is the best guess created by talented economists and statisticians at the Bureau of Labor Statistics (BLS). However, as you look through several careers you'll notice that the projections are heavily influenced by past performance and may miss current trends. No one can tell the future, and as new information and better techniques are developed, actual counts and future projections may change. Here's a glimpse at the actual counts versus the projections over time.

2000201020202030020,00040,00060,00080,000100,000
Employment counts
Actual measured employment
BLS 10-year predictions
Variation by state
Employment
State-by-state employment numbers

Some careers tend to be centered in specific parts of the country. For example, most jobs in fashion are in New York or California. Let's see if your dream job is easy to find in your dream location! We have a few choices for viewing the data that can help you get a full employment picture.

Job density versus job count

Which states hire the most brokerage clerks? We wonder if that's a fair question since states come in all sizes, so instead let's start with the question of which states have the highest density of people working as brokerage clerks. You can choose to view the number of jobs per state if you prefer.

BLS vs ACS data

This map defaults to employment information from the Bureau of Labor Statistics (BLS), which provides job totals carefully compiled for accuracy and with a primary focus on how employers describe their workers. The BLS job totals do not count self-employed workers. We've also compiled totals using the Census Bureau's American Community Survey (ACS) which are based on how workers describe themselves. Sometimes ACS results are quite a bit different from the employer-based BLS data.

Choose the metric to review
Jobs per 1000 working
Number of jobs
Use this data source
BLS
Number of Brokerage Clerks per 1,000 workers (BLS)
Select a state to see local area details
AKMEVTNHWAIDMTNDMNMINYMARIORUTWYSDIAWIINOHPANJCTCANVCONEMOILKYWVVAMDDEAZNMKSARTNNCSCDCOKLAMSALGAHITXFLPR
0.00.20.40.60.81.0
Salary
Salaries by state
Let's get a feel for where brokerage clerks earn the highest salaries. There are several choices for which data we consider and how we view that data, and each can lead to different conclusions, so please read on...
Median salary versus state ratio

We use two methods to compare salaries across states:

  • In-state comparisons: the ratio of median (middle) salaries for brokerage clerks compared to the median salary for all people working in each state, or
  • Median salary: the unaltered median salaries for brokerage clerks.

We hope the ratio allows perspective about how salaries may compare to the regional cost-of-living.

BLS vs ACS data

We have two sources for statewide salary information with important distinctions. The BLS data is created by surveying companies, missing individuals who are self-employed or work for smaller companies. The ACS data is compiled from multi-faceted household surveys and may reflect the inconsistencies that people may have in reporting information.

Choose the metric to review
In-state comparisions
Median salary
Use this data source
BLS
Median salary ratio: Brokerage Clerks to all workers (BLS)
The darkest shading corresponds to states in which brokerage clerks earn the highest salary when compared to other jobs in the state. We think this ratio might be a better indicator than the actual salary for your buying power as a state resident.
Select a state to see local area details
AKMEVTNHWAIDMTNDMNMINYMARIORUTWYSDIAWIINOHPANJCTCANVCONEMOILKYWVVAMDDEAZNMKSARTNNCSCDCOKLAMSALGAHITXFLPR
0.00.51.01.52.0
Compare to similar jobs

If this job interests you, then use the dots below to find other jobs you might like. The dots closer to the top represent jobs that are like Brokerage clerks (shown with a blue star). Look for the dots to the right to find the best salaries! (We pulled salary data from BLS, and they give a top salary value of just over $200K to protect privacy, so our graph would go much higher if the salaries were not top coded.)

How should the career similarity be computed

There are a number of ways to measure the similarity of jobs, here are a few we provide:

  • Interests: Also known as a Holland Code - Are you a thinker? A helper? What fits your personality?
  • Environment: Are there hazards? Will you be comfortable? Will it be stressful?
  • Knowledge: What do you need to know the most about?
  • Physical Abilities: Do you need to especially strong or coordinated?
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