Career and Education Opportunities for Broker Assistants in Miami, Florida
Broker assistants can find many career and educational opportunities in the Miami, Florida area. Currently, 1,990 people work as broker assistants in Florida. This is expected to grow by 3% to about 2,040 people 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. In general, broker assistants perform clerical duties involving the purchase or sale of securities.
A person working as a broker assistant can expect to earn about $15 per hour or $31,930 per year on average in Florida and about $18 per hour or $38,710 yearly on average in the U.S. as a whole. Incomes for broker assistants are better than in the overall category of Clerical in Florida, and better than the overall Clerical category nationally.
There are ninety-eight schools of higher education in the Miami area, including nine within twenty-five miles of Miami 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, you can expect to spend about four years studying 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 Miami 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.
- Correspondence Clerk. Compose letters in reply to requests for merchandise, damage claims, credit and other information, delinquent accounts, or unsatisfactory services. Duties may include gathering data to formulate reply and typing correspondence.
- Courtroom Clerk. Perform clerical duties in court of law; prepare docket of cases to be called; secure information for judges; and contact witnesses, attorneys, and litigants to obtain information for court.
- File Clerk. File correspondence, cards, and other records in alphabetical or numerical order or according to the filing system used. Locate and remove material from file when requested.
- Insurance Claims Processor. Obtain information from insured or designated persons for purpose of settling claim with insurance carrier.
- Insurance Processing Clerk. Process applications for, changes to, and cancellation of insurance policies. Duties include reviewing insurance applications to ensure that all questions have been answered, compiling data on insurance policy changes, changing policy records to conform to insured party's specifications, compiling data on lapsed insurance policies to determine automatic reinstatement according to company policies, canceling insurance policies as requested by agents, and verifying the accuracy of insurance company records.
- License Clerk. Issue licenses or permits to qualified applicants. Obtain necessary information; record data; advise applicants on requirements; collect fees; and issue licenses. May conduct oral, written, or performance testing.
- 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.
- Municipal Clerk. Draft agendas and bylaws for town or city council; record minutes of council meetings; answer official correspondence; keep fiscal records and accounts; and prepare reports on civic needs.
- Office Clerk. Perform duties too varied and diverse to be classified in any specific office clerical occupation, requiring limited knowledge of office management systems and procedures. Clerical duties may be assigned in accordance with the office procedures of individual establishments and may include a combination of answering telephones, bookkeeping, typing or word processing, stenography, office machine operation, and filing.
- Order Clerk. Receive and process incoming orders for materials, merchandise, or services such as repairs, installations, or rental of facilities. Duties include informing customers of receipt, prices, and delays; preparing contracts; and handling complaints.
- 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.
- Procurement Clerk. Compile information and records to draw up purchase orders for procurement of materials and services.
- Receptionist. Answer inquiries and obtain information for general public, customers, and other interested parties. Provide information regarding activities conducted at establishment; location of departments, offices, and employees within organization.
- 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.
- Weighter. Weigh, measure, and check materials, supplies, and equipment for the purpose of keeping relevant records. Duties are primarily clerical by nature.
EDUCATIONAL OPPORTUNITIES: Broker Assistant Training
Broward College - Fort Lauderdale, FL
Broward College, 225 E las Olas Blvd, Fort Lauderdale, FL 33301. Broward College is a large college located in Fort Lauderdale, Florida. It is a public school with primarily 2-year programs and has 33,527 students. Broward College has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated twenty-six students in 2008.
M-DCPS The English Center - Miami, FL
M-DCPS The English Center, 3501 SW 28 St., Miami, FL 33133. M-DCPS The English Center is a small school located in Miami, Florida. It is a public school with primarily less-than 2-year programs and has 295 students. M-DCPS The English Center has a one to two year program in Accounting Technology/Technician and Bookkeeping which graduated five students in 2008.
Florida National College - Hialeah, FL
Florida National College, 4425 West 20 Avenue, Hialeah, FL 33012. Florida National College is a small college located in Hialeah, Florida. It is a private for-profit school with primarily 4-year or above programs and has 2,398 students. Florida National College has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated twenty-seven students in 2008.
Miami Dade College - Miami, FL
Miami Dade College, 300 NE 2nd Ave., Miami, FL 33132-2297. Miami Dade College is a large college located in Miami, Florida. It is a public school with primarily 4-year or above programs and has 57,106 students. Miami Dade College has a one to two year and an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated twenty and twenty-eight students respectively in 2008.
ITT Technical Institute-Miami - Miami, FL
ITT Technical Institute-Miami, 7955 NW 12th St, Ste 119, Miami, FL 33126. ITT Technical Institute-Miami is a small school located in Miami, Florida. It is a private for-profit school with primarily 4-year or above programs. It has 726 students and an admission rate of 34%. ITT Technical Institute-Miami has a bachelor's degree program in Accounting Technology/Technician and Bookkeeping.
Technical Career Institute - Miami, FL
Technical Career Institute, 7757 West Flagler St, Suite 230, Miami, FL 33144. Technical Career Institute is a small school located in Miami, Florida. It is a private for-profit school with primarily less-than 2-year programs and has 880 students. Technical Career Institute has a one to two year program in Accounting Technology/Technician and Bookkeeping which graduated ten students in 2008.
Brown Mackie College-Miami - Miami, FL
Brown Mackie College-Miami, 1501 Biscayne Blvd, Miami, FL 33132. Brown Mackie College-Miami is a small college located in Miami, Florida. It is a private for-profit school with primarily 4-year or above programs and has 153 students. Brown Mackie College-Miami has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated six students in 2008.
Sheridan Technical Center - Hollywood, FL
Sheridan Technical Center, 5400 Sheridan St, Hollywood, FL 33021. Sheridan Technical Center is a small school located in Hollywood, Florida. It is a public school with primarily 2-year programs and has 1,526 students. Sheridan Technical Center has a less than one year program in Accounting Technology/Technician and Bookkeeping which graduated six students in 2008.
Miami Lakes Educational Center - Miami Lakes, FL
Miami Lakes Educational Center, 5780 NW 158th St, Miami Lakes, FL 33014. Miami Lakes Educational Center is a small school located in Miami Lakes, Florida. It is a public school with primarily 2-year programs and has 1,376 students. Miami Lakes Educational Center has a one to two year program in Accounting Technology/Technician and Bookkeeping.
LOCATION INFORMATION: Miami, Florida
Miami is located in Miami-Dade County, Florida. It has a population of over 413,201, which has grown by 14.0% in the past ten years. The cost of living index in Miami, 140, is far greater than the national average. New single-family homes in Miami cost $273,500 on average, which is near the state average. In 2008, thirty-seven new homes were built in Miami, down from seventy-three the previous year.
The three big industries for women in Miami are health care, accommodation and food services, and educational services. For men, it is construction, accommodation and food services, and administrative and support and waste management services. The average travel time to work is about 28 minutes. More than 16.2% of Miami residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 7.7%, is lower than the state average.
The unemployment rate in Miami is 12.5%, which is greater than Florida's average of 11.3%.
The percentage of Miami residents that are affiliated with a religious congregation, 39.6%, is less than both the national and state average. Church of Resurrection, Church of the Ascension and Church of the Incarnation are all churches located in Miami. The most prominent religious groups are the Catholic Church, the Southern Baptist Convention and the Seventh-Day Adventist Church.
Miami is home to the Edison West Little River Neighborhood Center and the Miamarina South Pier Light as well as Belle Meade Park and 54th Street Mini Park. Shopping malls in the area include Central Shopping Center, Northside Mall and Northside Shopping Center. Visitors to Miami can choose from AmeriSuites Miami / Kendall, Four Seasons Hotel Miami and Airways Airport Inn & Suites for temporary stays in the area.