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Career and Education Opportunities for Broker Assistants in Nashville-Davidson, Tennessee

Nashville-Davidson, Tennessee provides a wide variety of opportunities, both career and educational, for broker assistants. About 740 people are currently employed as broker assistants in Tennessee. By 2016, this is expected to grow by 25% to 920 people employed. This is better than the nation as a whole, where employment opportunities for broker assistants are expected to shrink by about 2.6%. Broker assistants generally perform clerical duties involving the purchase or sale of securities.

The income of a broker assistant is about $17 hourly or $35,600 annually on average in Tennessee. In the U.S. as a whole, their income is about $18 per hour or $38,710 annually on average. Compared with people working in the overall category of Clerical, people working as broker assistants in Tennessee earn more. They earn more than people working in the overall category of Clerical nationally.

There are five schools within twenty-five miles of Nashville-Davidson where you can study to be a broker assistant, among fifty schools of higher education total in the Nashville-Davidson area. 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 Nashville-Davidson 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

Nashville State Technical Community College - Nashville, TN

Nashville State Technical Community College, 120 White Bridge Rd, Nashville, TN 37209-4515. Nashville State Technical Community College is a medium sized college located in Nashville, Tennessee. It is a public school with primarily 2-year programs. It has 7,716 students and an admission rate of 71%. Nashville State Technical Community College has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated sixteen students in 2008.

Draughons Junior College - Clarksville, TN

Draughons Junior College, 1860 Wilma Rudolph Blvd, Clarksville, TN 37040-6718. Draughons Junior College is a small college located in Clarksville, Tennessee. It is a private for-profit school with primarily 2-year programs and has 539 students. Draughons Junior College has less than one year, one to two year, and associate's degree programs in Accounting Technology/Technician and Bookkeeping which graduated zero, zero, and five students respectively in 2008.

Miller-Motte Technical College - Clarksville, TN

Miller-Motte Technical College, 1820 Business Park Dr, Clarksville, TN 37040. Miller-Motte Technical College is a small college located in Clarksville, Tennessee. It is a private for-profit school with primarily 2-year programs and has 504 students. Miller-Motte Technical College has an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated two students in 2008.

ITT Technical Institute-Nashville - Nashville, TN

ITT Technical Institute-Nashville, 2845 Elm Hill Pike, Nashville, TN 37214-3717. ITT Technical Institute-Nashville is a small school located in Nashville, Tennessee. It is a private for-profit school with primarily 4-year or above programs. It has 1,057 students and an admission rate of 53%. ITT Technical Institute-Nashville has a bachelor's degree program in Accounting Technology/Technician and Bookkeeping.

National College of Business and Technology-Nashville - Nashville, TN

National College of Business and Technology-Nashville, 3748 Nolensville Pk, Nashville, TN 37211. National College of Business and Technology-Nashville is a small college located in Nashville, Tennessee. It is a private for-profit school with primarily 2-year programs and has 1,353 students. National College of Business and Technology-Nashville has a less than one year and a one to two year program in Accounting Technology/Technician and Bookkeeping which graduated zero and three students respectively in 2008.

LOCATION INFORMATION: Nashville-Davidson, Tennessee

Nashville-Davidson, Tennessee
Nashville-Davidson, Tennessee photo by Kaldari

Nashville-Davidson is located in Williamson County, Tennessee. It has a population of over 596,462, which has grown by 9.3% over the last ten years. The cost of living index in Nashville-Davidson, 86, is well below the national average. New single-family homes in Nashville-Davidson are priced at $196,100 on average, which is well above the state average. In 2008, 1,483 new homes were constructed in Nashville-Davidson, down from 3,070 the previous year.

The three big industries for women in Nashville-Davidson are health care, educational services, and accommodation and food services. For men, it is construction, health care, and professional, scientific, and technical services. The average travel time to work is about 23 minutes. More than 29.7% of Nashville-Davidson residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 10.0%, is higher than the state average.

The percentage of Nashville-Davidson residents that are affiliated with a religious congregation, 55.2%, is more than both the national and state average. The most common religious groups are the Southern Baptist Convention, the Catholic Church and the United Methodist Church.