Job Description of a Stock Brokerage Sales Assistant
A stock brokerage sales assistant, also called a brokerage clerk or broker's assistant, is an administrative professional who supports a team of stock brokers in fulfilling the daily tasks of their job. In addition to staying abreast of trends within the industry, these individuals must also maintain a strong knowledge of the many legal regulations governing the profession.
Other People Are Reading
-
Recording Transactions
-
A stock brokerage sales assistant records each transaction that his employer makes. This includes the purchase, sale and conversion of stocks and other securities.
Customer Service
-
Often serving as the liaison between stock brokers and clients, a stock brokerage sales assistant must be extremely knowledgeable, as fielding customer questions and resolving basic issues is required.
-
Educational Requirements
-
While candidates who possess a college degree will often be given preference, a high school diploma or its equivalent is the only educational tool necessary to become a stock brokerage sales assistant.
Series 7
-
In order to increase their marketability, stock brokerage sales assistants may choose to sit for the Series 7, or General Securities Registered Representative Examination, administered by Financial Industry Regulatory Authority (FINRA).
Annual Earnings
-
The United States Bureau of Labor Statistics indicated that in 2008, the median annual earnings of brokerage clerks was $38,710.
-
References
Resources
- Photo Credit stock exchange image by Christopher Walker from Fotolia.com
