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Career and Education Opportunities for Broker Assistants in Louisville, Kentucky

There is a wide variety of career and education opportunities for broker assistants in the Louisville, Kentucky area. About 520 people are currently employed as broker assistants in Kentucky. By 2016, this is expected to grow by 27% to about 660 people employed. 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.

Broker assistants earn approximately $17 per hour or $36,240 yearly on average in Kentucky. Nationally they average about $18 per hour or $38,710 annually. Incomes for broker assistants are better than in the overall category of Clerical in Kentucky, and better than the overall Clerical category nationally.

There are thirty schools of higher education in the Louisville area, including four within twenty-five miles of Louisville where you can get a degree to start your career as a broker assistant. Broker assistants usually hold a Bachelor's degree, so 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

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 Louisville 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.
  • 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.

EDUCATIONAL OPPORTUNITIES: Broker Assistant Training

Ivy Tech Community College-South Central - Sellersburg, IN

Ivy Tech Community College-South Central, 8204 Hwy 311, Sellersburg, IN 47172-1897. Ivy Tech Community College-South Central is a small college located in Sellersburg, Indiana. It is a public school with primarily 2-year programs and has 3,826 students. Ivy Tech Community College-South Central has a one to two year and an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated twelve and twenty-three students respectively in 2008.

Jefferson Community and Technical College - Louisville, KY

Jefferson Community and Technical College, 109 E Broadway, Louisville, KY 40202-2005. Jefferson Community and Technical College is a large college located in Louisville, Kentucky. It is a public school with primarily 2-year programs and has 15,560 students. Jefferson Community and Technical College has less than one year, one to two year, and associate's degree programs in Accounting Technology/Technician and Bookkeeping which graduated ninety-five, eight, and eight students respectively in 2008.

Spencerian College - Louisville, KY

Spencerian College, 4627 Dixie Hwy, Louisville, KY 40216. Spencerian College is a small college located in Louisville, Kentucky. It is a private for-profit school with primarily 2-year programs and has 1,250 students. Spencerian College has a one to two year program in Accounting Technology/Technician and Bookkeeping which graduated two students in 2008.

Brown Mackie College-Louisville - Louisville, KY

Brown Mackie College-Louisville, 3605 Fern Valley Road, Louisville, KY 40219. Brown Mackie College-Louisville is a small college located in Louisville, Kentucky. It is a private for-profit school with primarily 2-year programs and has 1,036 students. Brown Mackie College-Louisville has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated four students in 2008.

LOCATION INFORMATION: Louisville, Kentucky

Louisville, Kentucky
Louisville, Kentucky photo by File Upload Bot

Louisville is located in Jefferson County, Kentucky. It has a population of over 261,624. The cost of living index in Louisville, 84, is well below the national average. New single-family homes in Louisville are priced at $74,300 on average, which is far less than the state average. In 2002, one hundred forty-six new homes were built in Louisville, down from two hundred seventy-seven the previous year.

The three most popular industries for women in Louisville are health care, educational services, and accommodation and food services. For men, it is construction, accommodation and food services, and professional, scientific, and technical services. The average travel time to work is about 20 minutes. More than 21.3% of Louisville residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 8.7%, is higher than the state average.

About 21.6% of Louisville's residents are below the poverty line, which is worse than the state average.

The percentage of Louisville residents that are affiliated with a religious congregation, 54.6%, is more than the national average but less than the state average. Audubon Church, Expressway Church and Southern Baptist Seminary are some of the churches located in Louisville. The most prominent religious groups are the Catholic Church, the Southern Baptist Convention and the United Methodist Church.

Louisville is home to the Oak Saint Yards and the Brooklawn Childrens Home as well as Central Park and Taylor Memorial Park. Visitors to Louisville can choose from The Galt House, Seelbach Hilton and Best Western Airport East for temporary stays in the area.