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Career and Education Opportunities for Broker Assistants in Aurora, Colorado

There is a wide variety of career and education opportunities for broker assistants in the Aurora, Colorado area. There are currently 1,820 working broker assistants in Colorado; this should grow by 5% to 1,900 working broker assistants in the state by 2016. This is better than the nation as a whole, where employment opportunities for broker assistants are expected to shrink by about 2.6%. In general, broker assistants perform clerical duties involving the purchase or sale of securities.

Income for broker assistants is about $16 hourly or $34,120 per year on average in Colorado. Nationally, their income is about $18 hourly or $38,710 per year. Incomes for broker assistants are better than in the overall category of Clerical in Colorado, and better than the overall Clerical category nationally.

The Aurora area is home to sixty-two schools of higher education, including seven within twenty-five miles of Aurora where you can get a degree as a broker assistant. The most common level of education for broker assistants is a Bachelor's degree. You can expect to spend about four years training to become a broker assistant if you already have a high school diploma.

CAREER DESCRIPTION: Broker Assistant

Broker Assistant video from the State of New Jersey Dept. of Labor and Workforce Development

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 Aurora include:

  • Bank Teller. Receive and pay out money. Keep records of money and negotiable instruments involved in a financial institution's various transactions.
  • 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.
  • Loan Inspector. Interview loan applicants to elicit information; investigate applicants' backgrounds and verify references; prepare loan request papers; and forward findings, reports, and documents to appraisal department. Review loan papers to ensure completeness, and complete transactions between loan establishment, borrowers, and sellers upon approval of loan.
  • 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

Front Range Community College - Westminster, CO

Front Range Community College, 3645 W 112th Ave, Westminster, CO 80031. Front Range Community College is a large college located in Westminster, Colorado. It is a public school with primarily 2-year programs and has 15,480 students. Front Range Community College has a less than one year and an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated sixteen and forty-four students respectively in 2008.

Red Rocks Community College - Lakewood, CO

Red Rocks Community College, 13300 W Sixth Ave, Lakewood, CO 80228-1255. Red Rocks Community College is a medium sized college located in Lakewood, Colorado. It is a public school with primarily 2-year programs and has 7,432 students. Red Rocks Community College has a less than one year and an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated three and four students respectively in 2008.

Community College of Aurora - Aurora, CO

Community College of Aurora, 16000 E CentreTech Pky, Aurora, CO 80011-9036. Community College of Aurora is a medium sized college located in Aurora, Colorado. It is a public school with primarily 2-year programs and has 5,217 students. Community College of Aurora has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated ten students in 2008.

Arapahoe Community College - Littleton, CO

Arapahoe Community College, 5900 S. Santa Fe Dr., Littleton, CO 80160-9002. Arapahoe Community College is a medium sized college located in Littleton, Colorado. It is a public school with primarily 2-year programs and has 7,088 students. Arapahoe Community College has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated eight students in 2008.

Argosy University-Denver - Denver, CO

Argosy University-Denver, 1200 Lincoln St., Denver, CO 80203. Argosy University-Denver is a small university located in Denver, Colorado. It is a private for-profit school with primarily 4-year or above programs. It has 259 students and an admission rate of 56%. Argosy University-Denver has an associate's degree program in Accounting Technology/Technician and Bookkeeping.

Emily Griffith Opportunity School - Denver, CO

Emily Griffith Opportunity School, 1250 Welton Street, Denver, CO 80204-2197. Emily Griffith Opportunity School is a small school located in Denver, Colorado. It is a public school with primarily less-than 2-year programs and has 2,148 students. Emily Griffith Opportunity School has a less than one year and a one to two year program in Accounting Technology/Technician and Bookkeeping which graduated zero and five students respectively in 2008.

Community College of Denver - Denver, CO

Community College of Denver, 1111 W. Colfax Ave., Denver, CO 80204-2026. Community College of Denver is a medium sized college located in Denver, Colorado. It is a public school with primarily 2-year programs and has 8,006 students. Community College of Denver has less than one year, one to two year, and associate's degree programs in Accounting Technology/Technician and Bookkeeping which graduated two, one, and one students respectively in 2008.

LOCATION INFORMATION: Aurora, Colorado

Aurora, Colorado
Aurora, Colorado photo by Tom

Aurora is located in Adams County, Colorado. It has a population of over 319,057, which has grown by 15.4% in the past ten years. The cost of living index in Aurora, 97, is near the national average. New single-family homes in Aurora are priced at $238,200 on average, which is above the state average. In 2008, five hundred ten new homes were built in Aurora, down from 1,202 the previous year.

The three big industries for women in Aurora are health care, finance and insurance, and educational services. For men, it is construction, accommodation and food services, and professional, scientific, and technical services. The average commute to work is about 27 minutes. More than 24.6% of Aurora residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 6.6%, is lower than the state average.

The unemployment rate in Aurora is 8.2%, which is greater than Colorado's average of 6.6%.

The percentage of Aurora residents that are affiliated with a religious congregation, 30.4%, is less than both the national and state average. The most common religious groups are the Catholic Church, the LDS (Mormon) Church and the Lutheran Church.

Aurora is home to the Victory Grange and the Magee as well as Montview Park and Del Mar Park. Visitors to Aurora can choose from Corporate Housing Solutions, Comfort Inn-Airport and Denver Airport Marriott at Gateway Park for temporary stays in the area.