Career and Education Opportunities for Broker Assistants in Columbus, Ohio
Broker assistants can find many career and educational opportunities in the Columbus, Ohio area. Currently, 1,580 people work as broker assistants in Ohio. This is expected to grow 9% to 1,720 people 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.
Broker assistants earn approximately $16 per hour or $35,040 yearly on average in Ohio. Nationally they average about $18 hourly or $38,710 annually. Compared with people working in the overall category of Clerical, people working as broker assistants in Ohio earn more. They earn more than people working in the overall category of Clerical nationally.
The Columbus area is home to sixty-three schools of higher education, including five within twenty-five miles of Columbus 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 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 Columbus 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.
- 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.
- 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
Ohio University-Lancaster Campus - Lancaster, OH
Ohio University-Lancaster Campus, 1570 Granville Pike, Lancaster, OH 43130-1037. Ohio University-Lancaster Campus is a small university located in Lancaster, Ohio. It is a public school with primarily 4-year or above programs and has 1,868 students. Ohio University-Lancaster Campus has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated eight students in 2008.
Bradford School - Columbus, OH
Bradford School, 2469 Stelzer Road, Columbus, OH 43219. Bradford School is a small school located in Columbus, Ohio. It is a private for-profit school with primarily 2-year programs and has 362 students. Bradford 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.
TechSkills-Columbus - Columbus, OH
TechSkills-Columbus, 2400 Corporate Exchange Dr Ste 270, Columbus, OH 43231. TechSkills-Columbus is a small school located in Columbus, Ohio. It is a private for-profit school with primarily less-than 2-year programs and has 74 students. TechSkills-Columbus has a less than one year program in Accounting Technology/Technician and Bookkeeping.
Columbus State Community College - Columbus, OH
Columbus State Community College, 550 E Spring St, Columbus, OH 43215. Columbus State Community College is a large college located in Columbus, Ohio. It is a public school with primarily 2-year programs and has 24,203 students. Columbus State Community College has a one to two year and an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated sixteen and twenty-nine students respectively in 2008.
Daymar College - Lancaster, OH
Daymar College, 1579 Victor Rd., Lancaster, OH 43130-1368. Daymar College is a small college located in Lancaster, Ohio. It is a private for-profit school with primarily 2-year programs and has 58 students. Daymar College has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated one student in 2008.
LOCATION INFORMATION: Columbus, Ohio
Columbus is located in Franklin County, Ohio. It has a population of over 754,885, which has grown by 6.1% in the past ten years. The cost of living index in Columbus, 82, is well below the national average. New single-family homes in Columbus cost $169,200 on average, which is well below the state average. In 2008, six hundred eighty-six new homes were constructed in Columbus, down from 1,008 the previous year.
The three big industries for women in Columbus are health care, educational services, and finance and insurance. For men, it is accommodation and food services, professional, scientific, and technical services, and construction. The average travel time to work is about 22 minutes. More than 29.0% of Columbus residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 9.2%, is higher than the state average.
The unemployment rate in Columbus is 8.5%, which is less than Ohio's average of 10.0%.
The percentage of Columbus residents that are affiliated with a religious congregation, 37.6%, is less than both the national and state average. Hebrew Baptist Church, Heritage Temple Freewill Baptist Church and Higher Ground Always Abounding Assembly Church are all churches located in Columbus. The largest religious groups are the Catholic Church, the United Methodist Church and the Evangelical Lutheran Church in America.
Columbus is home to the Busch Corporate Center Industrial Park and the J C Penney Catalog Outlet Store as well as Nafzger Park and Lower Scioto Park. Shopping centers in the area include Indianola Shopping Center, Ohio Stater Mall Shopping Center and Shapter Shopping Center. Visitors to Columbus can choose from Drury Inn & Suites Convention Center, Best Western Clarmont Inn and Crowne Plaza Downtown for temporary stays in the area.