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Career and Education Opportunities for Broker Assistants in Newark, New Jersey

Many educational and employment opportunities exist for broker assistants in the Newark, New Jersey area. About 4,800 people are currently employed as broker assistants in New Jersey. By 2016, this is expected to grow 4% to 4,900 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.

A person working as a broker assistant can expect to earn about $21 hourly or $43,840 annually on average in New Jersey and about $18 hourly or $38,710 per year on average in the U.S. as a whole. Earnings for broker assistants are better than earnings in the general category of Clerical in New Jersey and better than general Clerical category earnings nationally.

The Newark area is home to 318 schools of higher education, including twenty-seven within twenty-five miles of Newark where you can get a degree 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

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 Newark 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.
  • Front Desk Manager. Accommodate hotel, motel, and resort patrons by registering and assigning rooms to guests, issuing room keys, transmitting and receiving messages, keeping records of occupied rooms and guests' accounts, making and confirming reservations, and presenting statements to and collecting payments from departing guests.
  • 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.
  • Store Clerk. Receive, store, and issue sales floor merchandise. Stock shelves, racks, and tables with merchandise and arrange merchandise displays to attract customers. May periodically take physical count of stock or check and mark merchandise.
  • 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

Pace University-New York - New York, NY

Pace University-New York, 1 Pace Plaza, New York, NY 10038-1598. Pace University-New York is a large university located in New York, New York. It is a private not-for-profit school with primarily 4-year or above programs. It has 12,229 students and an admission rate of 78%. Pace University-New York has associate's degree, bachelor's degree, and master's degree programs in Accounting Technology/Technician and Bookkeeping.

Wood Tobe-Coburn School - New York, NY

Wood Tobe-Coburn School, 8 E 40th St, New York, NY 10016-0190. Wood Tobe-Coburn School is a small school located in New York, New York. It is a private for-profit school with primarily 2-year programs. It has 557 students and an admission rate of 91%. Wood Tobe-Coburn School has a one to two year and an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated zero and eleven students respectively in 2008.

Raritan Valley Community College - North Branch, NJ

Raritan Valley Community College, 128 Lamington Road, North Branch, NJ 08876. Raritan Valley Community College is a medium sized college located in North Branch, New Jersey. It is a public school with primarily 2-year programs and has 7,020 students. Raritan Valley Community College has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated sixteen students in 2008.

CUNY Kingsborough Community College - Brooklyn, NY

CUNY Kingsborough Community College, 2001 Oriental Blvd, Brooklyn, NY 11235-2398. CUNY Kingsborough Community College is a large college located in Brooklyn, New York. It is a public school with primarily 2-year programs and has 16,117 students. CUNY Kingsborough Community College has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated 108 students in 2008.

Monroe College-Main Campus - Bronx, NY

Monroe College-Main Campus, Monroe College Way, Bronx, NY 10468. Monroe College-Main Campus is a small college located in Bronx, New York. It is a private for-profit school with primarily 4-year or above programs. It has 4,767 students and an admission rate of 61%. Monroe College-Main Campus has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated ninety-four students in 2008.

Essex County College - Newark, NJ

Essex County College, 303 University Ave, Newark, NJ 07102. Essex County College is a large college located in Newark, New Jersey. It is a public school with primarily 2-year programs and has 11,824 students. Essex County College has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated two students in 2008.

Hudson County Community College - Jersey City, NJ

Hudson County Community College, 70 Sip Avenue, Jersey City, NJ 07306. Hudson County Community College is a medium sized college located in Jersey City, New Jersey. It is a public school with primarily 2-year programs and has 7,525 students. Hudson County Community College has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated forty-seven students in 2008.

CUNY LaGuardia Community College - Long Island City, NY

CUNY LaGuardia Community College, 31-10 Thomson Ave, Long Island City, NY 11101. CUNY LaGuardia Community College is a large college located in Long Island City, New York. It is a public school with primarily 2-year programs and has 15,285 students. CUNY LaGuardia Community College has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated 122 students in 2008.

Monroe College-New Rochelle - New Rochelle, NY

Monroe College-New Rochelle, 434 Main St, New Rochelle, NY 10801. Monroe College-New Rochelle is a small college located in New Rochelle, New York. It is a private for-profit school with primarily 4-year or above programs. It has 2,153 students and an admission rate of 60%. Monroe College-New Rochelle has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated forty-one students in 2008.

SUNY Westchester Community College - Valhalla, NY

SUNY Westchester Community College, 75 Grasslands Road, Valhalla, NY 10595. SUNY Westchester Community College is a large college located in Valhalla, New York. It is a public school with primarily 2-year programs and has 11,090 students. SUNY Westchester Community College has a one to two year and an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated three and fifty students respectively in 2008.

Passaic County Community College - Paterson, NJ

Passaic County Community College, One College Blvd, Paterson, NJ 07505-1179. Passaic County Community College is a medium sized college located in Paterson, New Jersey. It is a public school with primarily 2-year programs and has 7,865 students. Passaic County Community College has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated one student in 2008.

Brookdale Community College - Lincroft, NJ

Brookdale Community College, 765 Newman Springs Rd, Lincroft, NJ 07738-1597. Brookdale Community College is a large college located in Lincroft, New Jersey. It is a public school with primarily 2-year programs and has 14,642 students. Brookdale Community College has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated six students in 2008.

CUNY Borough of Manhattan Community College - New York, NY

CUNY Borough of Manhattan Community College, 199 Chambers St, New York, NY 10007-1097. CUNY Borough of Manhattan Community College is a large college located in New York, New York. It is a public school with primarily 2-year programs and has 21,357 students. CUNY Borough of Manhattan Community College has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated 196 students in 2008.

Union County College - Cranford, NJ

Union County College, 1033 Springfield Ave, Cranford, NJ 07016-1599. Union County College is a large college located in Cranford, New Jersey. It is a public school with primarily 2-year programs and has 11,866 students. Union County College has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated twelve students in 2008.

Bergen Community College - Paramus, NJ

Bergen Community College, 400 Paramus Rd, Paramus, NJ 07652-1595. Bergen Community College is a large college located in Paramus, New Jersey. It is a public school with primarily 2-year programs and has 15,283 students. Bergen Community College has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated thirteen students in 2008.

Middlesex County College - Edison, NJ

Middlesex County College, 2600 Woodbridge Avenue, Edison, NJ 08818-3050. Middlesex County College is a large college located in Edison, New Jersey. It is a public school with primarily 2-year programs and has 12,346 students. Middlesex County College has a one to two year program in Accounting Technology/Technician and Bookkeeping which graduated eight students in 2008.

CUNY Bronx Community College - Bronx, NY

CUNY Bronx Community College, W 181 St & University Ave, Bronx, NY 10453. CUNY Bronx Community College is a medium sized college located in Bronx, New York. It is a public school with primarily 2-year programs and has 9,348 students. CUNY Bronx Community College has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated eleven students in 2008.

Plaza College - Jackson Heights, NY

Plaza College, 74-09 37th Ave, Jackson Heights, NY 11372. Plaza College is a small college located in Jackson Heights, New York. It is a private for-profit school with primarily 4-year or above programs. It has 724 students and an admission rate of 25%. Plaza College has a one to two year and an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated twenty-two and twelve students respectively in 2008.

CUNY Queensborough Community College - Bayside, NY

CUNY Queensborough Community College, 222-05 56th Ave, Bayside, NY 11364. CUNY Queensborough Community College is a large college located in Bayside, New York. It is a public school with primarily 2-year programs and has 14,065 students. CUNY Queensborough Community College has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated forty-eight students in 2008.

The College of Westchester - White Plains, NY

The College of Westchester, 325 Central Ave, White Plains, NY 10606. The College of Westchester is a small college located in White Plains, New York. It is a private for-profit school with primarily 4-year or above programs. It has 1,170 students and an admission rate of 76%. The College of Westchester has a one to two year and an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated two and thirty-three students respectively in 2008.

Metropolitan Learning Institute - Rego Park, NY

Metropolitan Learning Institute, 97-45 Queens Blvd Ste 401, Rego Park, NY 11374-2113. Metropolitan Learning Institute is a small school located in Rego Park, New York. It is a private not-for-profit school with primarily less-than 2-year programs and has 388 students. Metropolitan Learning Institute has a one to two year program in Accounting Technology/Technician and Bookkeeping which graduated thirty-three students in 2008.

Bramson ORT College - Forest Hills, NY

Bramson ORT College, 69-30 Austin St, Forest Hills, NY 11375-4239. Bramson ORT College is a small college located in Forest Hills, New York. It is a private not-for-profit school with primarily 2-year programs and has 734 students. Bramson ORT College has a one to two year and an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated zero and twenty-five students respectively in 2008.

Rockland Community College - Suffern, NY

Rockland Community College, 145 College Rd, Suffern, NY 10901. Rockland Community College is a medium sized college located in Suffern, New York. It is a public school with primarily 2-year programs and has 6,986 students. Rockland Community College has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated seven students in 2008.

Mercy College - Dobbs Ferry, NY

Mercy College, 555 Broadway, Dobbs Ferry, NY 10522. Mercy College is a medium sized college located in Dobbs Ferry, New York. It is a private not-for-profit school with primarily 4-year or above programs. It has 8,792 students and an admission rate of 35%. Mercy College has a less than one year and an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated one and three students respectively in 2008.

CUNY Hostos Community College - Bronx, NY

CUNY Hostos Community College, 500 Grand Concourse, Bronx, NY 10451. CUNY Hostos Community College is a medium sized college located in Bronx, New York. It is a public school with primarily 2-year programs and has 5,240 students. CUNY Hostos Community College has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated thirteen students in 2008.

CUNY New York City College of Technology - Brooklyn, NY

CUNY New York City College of Technology, 300 Jay St, Brooklyn, NY 11201-2983. CUNY New York City College of Technology is a large college located in Brooklyn, New York. It is a public school with primarily 4-year or above programs. It has 14,102 students and an admission rate of 88%. CUNY New York City College of Technology has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated seventy-one students in 2008.

Technical Career Institutes - New York, NY

Technical Career Institutes, 320 W 31st St, New York, NY 10001. Technical Career Institutes is a small school located in New York, New York. It is a private for-profit school with primarily 2-year programs and has 4,064 students. Technical Career Institutes has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated thirty-one students in 2008.

LOCATION INFORMATION: Newark, New Jersey

Newark, New Jersey
Newark, New Jersey photo by Gik%C3%BC

Newark is located in Essex County, New Jersey. It has a population of over 278,980, which has grown by 2.0% in the past ten years. The cost of living index in Newark, 140, is far greater than the national average. New single-family homes in Newark are priced at $83,500 on average, which is far less than the state average. In 2008, ninety-nine new homes were built in Newark, up from twenty-nine the previous year.

The three big industries for women in Newark are health care, educational services, and finance and insurance. For men, it is construction, administrative and support and waste management services, and accommodation and food services. The average commute to work is about 32 minutes. More than 9.0% of Newark residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 3.0%, is lower than the state average.

The unemployment rate in Newark is 14.8%, which is greater than New Jersey's average of 9.3%.

The percentage of Newark residents that are affiliated with a religious congregation, 57.0%, is more than the national average but less than the state average. First Mount Zion Baptist Church, First Newborn Tabernacle Church and First Presbyterian Church are among the churches located in Newark. The most common religious groups are the Catholic Church, the Muslim Estimate and the American Baptist Churches in the USA.

Newark is home to the Clinton Branch Newark Public Library and the Brills Yard as well as Rippel Field and River Bank Park. Visitors to Newark can choose from Fairfield Inn and Suites, Days Hotel Newark Airport and Broad Street Hotel LLC for temporary stays in the area.