Career and Education Opportunities for Broker Assistants in New Orleans, Louisiana
If you want to be a broker assistant, the New Orleans, Louisiana area offers many opportunities both for education and employment. There are currently 310 working broker assistants in Louisiana; this should grow by 17% to 360 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. In general, broker assistants perform clerical duties involving the purchase or sale of securities.
Income for broker assistants is about $15 hourly or $31,260 annually on average in Louisiana. Nationally, their income is about $18 hourly or $38,710 annually. Compared with people working in the overall category of Clerical, people working as broker assistants in Louisiana earn more. They earn more than people working in the overall category of Clerical nationally.
There are thirty-two schools of higher education in the New Orleans area, including five within twenty-five miles of New Orleans where you can get a degree to start your career as a broker assistant. Broker assistants usually hold a Bachelor's degree, so 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 New Orleans 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
Louisiana Technical College-Jefferson Campus - Metairie, LA
Louisiana Technical College-Jefferson Campus, 5200 Blair Dr., Metairie, LA 70001-5605. Louisiana Technical College-Jefferson Campus is a small college located in Metairie, Louisiana. It is a public school with primarily 2-year programs and has 1,218 students. Louisiana Technical College-Jefferson Campus has a one to two year and an associate's degree program in Accounting Technology/Technician and Bookkeeping.
Louisiana Technical College-Lafourche Campus - Thibodaux, LA
Louisiana Technical College-Lafourche Campus, 1425 Tiger Dr, Thibodaux, LA 70301. Louisiana Technical College-Lafourche Campus is a small college located in Thibodaux, Louisiana. It is a public school with primarily 2-year programs and has 388 students. Louisiana Technical College-Lafourche Campus 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 four students respectively in 2008.
Nunez Community College - Chalmette, LA
Nunez Community College, 3710 Paris Rd, Chalmette, LA 70043. Nunez Community College is a small college located in Chalmette, Louisiana. It is a public school with primarily 2-year programs and has 1,470 students. Nunez Community College has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated one student in 2008.
Delgado Community College - New Orleans, LA
Delgado Community College, 615 City Park Ave, New Orleans, LA 70119. Delgado Community College is a large college located in New Orleans, Louisiana. It is a public school with primarily 2-year programs and has 14,450 students. Delgado Community College has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated forty-seven students in 2008.
Louisiana Technical College-River Parishes Campus - Reserve, LA
Louisiana Technical College-River Parishes Campus, 181 Regala Pk Rd, Reserve, LA 70084. Louisiana Technical College-River Parishes Campus is a small college located in Reserve, Louisiana. It is a public school with primarily 2-year programs and has 939 students. Louisiana Technical College-River Parishes Campus has a one to two year and an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated zero and three students respectively in 2008.
LOCATION INFORMATION: New Orleans, Louisiana
New Orleans is located in Orleans Parish County, Louisiana. It has a population of over 311,853, which has shrunk by 35.7% over the last ten years. The cost of living index in New Orleans, 94, is below the national average. New single-family homes in New Orleans cost $139,700 on average, which is near the state average. In 2008, eight hundred eighty-two new homes were built in New Orleans, down from 1,026 the previous year.
The three big industries for women in New Orleans are health care, educational services, and accommodation and food services. For men, it is accommodation and food services, construction, and educational services. The average commute to work is about 26 minutes. More than 25.8% of New Orleans residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 10.7%, is higher than the state average.
The unemployment rate in New Orleans is 9.8%, which is greater than Louisiana's average of 7.1%.
The percentage of New Orleans residents that are affiliated with a religious congregation, 44.1%, is less than both the national and state average. All Saints Catholic Church, Iglesia Bautista Getsemani and Mars Hill Missionary Baptist Church are among the churches located in New Orleans. The largest religious groups are the Catholic Church, the Southern Baptist Convention and the United Methodist Church.
New Orleans is home to the Keller Market and the New Orleans Country Club as well as Harris Playground and Hardin Playground. Shopping malls in the area include Carrollton Shopping Center, Read Boulevard Shopping Center and Read Plaza Shopping Center. Visitors to New Orleans can choose from Rampart Street Connection, Lafitte Guest House and HAMPTON INN & SUITES CONV CTR for temporary stays in the area.