Career and Education Opportunities for Broker Assistants in Arlington, Texas
If you want to be a broker assistant, the Arlington, Texas area offers many opportunities both for education and employment. About 3,000 people are currently employed as broker assistants in Texas. By 2016, this is expected to grow 9% to about 3,260 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.
Broker assistants earn about $18 per hour or $38,300 yearly on average in Texas and about $18 per hour or $38,710 per year on average nationally. Earnings for broker assistants are better than earnings in the general category of Clerical in Texas and better than general Clerical category earnings nationally.
The Arlington area is home to eighty-seven schools of higher education, including five within twenty-five miles of Arlington where you can get a degree 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
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 Arlington 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.
- 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.
- 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
Brookhaven College - Farmers Branch, TX
Brookhaven College, 3939 Valley View Ln, Farmers Branch, TX 75244-4997. Brookhaven College is a large college located in Farmers Branch, Texas. It is a public school with primarily 2-year programs and has 11,173 students. Brookhaven College has a one to two year program in Accounting Technology/Technician and Bookkeeping.
Tarrant County College District - Fort Worth, TX
Tarrant County College District, 1500 Houston St, Fort Worth, TX 76102-6599. Tarrant County College District is a large college located in Fort Worth, Texas. It is a public school with primarily 2-year programs and has 39,596 students. Tarrant County College District has a less than one year and an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated seventy-eight and twenty-five students respectively in 2008.
ITT Technical Institute-Richardson - Richardson, TX
ITT Technical Institute-Richardson, 2101 Waterview Pky, Richardson, TX 75080. ITT Technical Institute-Richardson is a small school located in Richardson, Texas. It is a private for-profit school with primarily 2-year programs. It has 705 students and an admission rate of 46%. ITT Technical Institute-Richardson has an associate's degree program in Accounting Technology/Technician and Bookkeeping.
CCI Training Center - Arlington, TX
CCI Training Center, 770 E. Road To Six Flags # 140, Arlington, TX 76011. CCI Training Center is a small school located in Arlington, Texas. It is a private for-profit school with primarily less-than 2-year programs and has 66 students. CCI Training Center has a less than one year program in Accounting Technology/Technician and Bookkeeping which graduated 158 students in 2008.
Cedar Valley College - Lancaster, TX
Cedar Valley College, 3030 N Dallas Ave, Lancaster, TX 75134-3799. Cedar Valley College is a medium sized college located in Lancaster, Texas. It is a public school with primarily 2-year programs and has 5,223 students. Cedar Valley College has a one to two year program in Accounting Technology/Technician and Bookkeeping which graduated one student in 2008.
LOCATION INFORMATION: Arlington, Texas
Arlington is located in Tarrant County, Texas. It has a population of over 374,417, which has grown by 12.4% in the past ten years. The cost of living index in Arlington, 89, is well below the national average. New single-family homes in Arlington are priced at $154,300 on average, which is well below the state average. In 2008, four hundred twenty-six new homes were constructed in Arlington, down from eight hundred twelve the previous year.
The three most popular industries for women in Arlington are educational services, health care, and finance and insurance. For men, it is construction, accommodation and food services, and administrative and support and waste management services. The average travel time to work is about 27 minutes. More than 30.4% of Arlington residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 8.8%, is higher than the state average.
The unemployment rate in Arlington is 7.5%, which is less than Texas's average of 8.1%.
The percentage of Arlington residents that are affiliated with a religious congregation, 52.5%, is more than the national average but less than the state average. Advent Lutheran Church, Pleasantview Baptist Church and Central Assembly of God Church are some of the churches located in Arlington. The largest religious groups are the Southern Baptist Convention, the Catholic Church and the United Methodist Church.
Arlington is home to the Festival Marketplace and the The Parks at Arlington as well as Arlington Tennis Center - University of Texas and Doug Russel Park. Visitors to Arlington can choose from Budget Host International, Baymont Inns & Suites and Candlewood Suites for temporary stays in the area.