Career and Education Opportunities for Broker Assistants in Huntsville, Alabama
If you want to be a broker assistant, the Huntsville, Alabama area offers many opportunities both for education and employment. There are currently 560 working broker assistants in Alabama; this should grow 15% to 640 working broker assistants in the state by 2016. This is better than the national trend for broker assistants, which sees this job pool shrinking by about 2.6% over the next eight years. Broker assistants generally perform clerical duties involving the purchase or sale of securities.
Income for broker assistants is about $16 hourly or $33,300 per year on average in Alabama. Nationally, their income is about $18 hourly or $38,710 yearly. Compared with people working in the overall category of Clerical, people working as broker assistants in Alabama earn more. They earn more than people working in the overall category of Clerical nationally.
There are eleven schools of higher education in the Huntsville area, including three within twenty-five miles of Huntsville where you can get a degree to start your career as a broker assistant. Given that the most common education level for broker assistants is a Bachelor's degree, it will take about four years to learn to be a broker assistant if you already have a high school diploma.
CAREER DESCRIPTION: Broker Assistant
In general, broker assistants perform clerical duties involving the purchase or sale of securities. They also duties include writing orders for stock purchases and sales, computing transfer taxes, verifying stock transactions, accepting and delivering securities, tracking stock price fluctuations, computing equity, and keeping records of daily transactions and holdings.
Broker assistants file and operate standard office machines. Finally, broker assistants correspond with customers and talk with coworkers to respond to inquiries, consider market fluctuations, and resolve account problems.
Every day, broker assistants are expected to be able to see details at a very fine level of focus. They need to articulate ideas and problems. It is also important that they listen to and understand others in meetings.
It is important for broker assistants to record and document security transactions, such as purchases and payments, using computers or certificate archives. They are often called upon to schedule and direct transfer and delivery of security certificates between companies and customers. They also ready forms, such as receipts and transfer confirmations, on the basis of transaction requests from stockholders. Somewhat less frequently, broker assistants are also expected to ready reports summarizing daily transactions and earnings for individual customer accounts.
Broker assistants sometimes are asked to compute total holdings and commissions and allocate appropriate payments to customers. They also have to be able to correspond with customers and talk with coworkers to respond to inquiries, consider market fluctuations, and resolve account problems And finally, they sometimes have to monitor daily stock prices and compute fluctuations to establish the need for additional collateral to secure loans.
Like many other jobs, broker assistants must have exceptional integrity and be reliable.
Similar jobs with educational opportunities in Huntsville include:
- Bookkeeper. Compute, classify, and record numerical data to keep financial records complete. Perform any combination of routine calculating, posting, and verifying duties to obtain primary financial data for use in maintaining accounting records. May also check the accuracy of figures, calculations, and postings pertaining to business transactions recorded by other workers.
- Clerk. Compile data, compute fees and charges, and prepare invoices for billing purposes. Duties include computing costs and calculating rates for goods, services, and shipment of goods; posting data; and keeping other relevant records. May involve use of computer or typewriter, calculator, and adding and bookkeeping machines.
- Payroll Bookkeeper. Compile and post employee time and payroll data. May compute employees' time worked, production, and commission. May compute and post wages and deductions. May prepare paychecks.
- Statistical Clerk. Compile and compute data according to statistical formulas for use in statistical studies. May perform actuarial computations and compile charts and graphs for use by actuaries. Includes actuarial clerks.
EDUCATIONAL OPPORTUNITIES: Broker Assistant Training
Virginia College-Huntsville - Huntsville, AL
Virginia College-Huntsville, 2800 Bob Wallace Ave, Huntsville, AL 35805-9945. Virginia College-Huntsville is a small college located in Huntsville, Alabama. It is a private for-profit school with primarily 4-year or above programs. It has 915 students and an admission rate of 83%. Virginia College-Huntsville has a one to two year and an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated two and five students respectively in 2008.
Snead State Community College - Boaz, AL
Snead State Community College, 220 North Walnut Street, Boaz, AL 35957-0734. Snead State Community College is a small college located in Boaz, Alabama. It is a public school with primarily 2-year programs and has 2,234 students. Snead State Community College has a less than one year program in Accounting Technology/Technician and Bookkeeping which graduated three students in 2008.
J F Drake State Technical College - Huntsville, AL
J F Drake State Technical College, 3421 Meridian St N, Huntsville, AL 35811. J F Drake State Technical College is a small college located in Huntsville, Alabama. It is a public school with primarily 2-year programs and has 780 students. J F Drake State Technical College has a one to two year and an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated five and eight students respectively in 2008.
LOCATION INFORMATION: Huntsville, Alabama
Huntsville is located in Madison County, Alabama. It has a population of over 176,645, which has grown by 11.6% over the last ten years. The cost of living index in Huntsville, 82, is well below the national average. New single-family homes in Huntsville are valued at $44,900 on average, which is far less than the state average. In 2008, 1,004 new homes were constructed in Huntsville, down from 1,558 the previous year.
The top three industries for women in Huntsville are health care, educational services, and accommodation and food services. For men, it is professional, scientific, and technical services, public administration, and construction. The average commute to work is about 18 minutes. More than 36.1% of Huntsville residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 12.7%, is higher than the state average.
The unemployment rate in Huntsville is 7.6%, which is less than Alabama's average of 10.7%.
The percentage of Huntsville residents that are affiliated with a religious congregation, 55.2%, is more than the national average but less than the state average. Whitesburg Church of God, Whitesburg Church and Maple Grove Church are among the churches located in Huntsville. The most common religious groups are the Southern Baptist Convention, the United Methodist Church and the Catholic Church.
Huntsville is home to the Valley Hill Golf and Country Club and the Lowe Industrial Park as well as John H Steigerwood Field and Milton Frank Stadium. Shopping malls in the area include Madison Plaza Shopping Center, Madison Square Mall Shopping Center and Memorial Plaza Shopping Center. Visitors to Huntsville can choose from King's Inn, Candlewood Suites and Economy Inn for temporary stays in the area.