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Career and Education Opportunities for Broker Assistants in Essex, Vermont

Broker assistants can find both educational opportunities and jobs in the Essex, Vermont area. The national trend for broker assistants 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 $18 hourly or $39,010 annually on average in Vermont and about $18 hourly or $38,710 yearly on average in the U.S. as a whole. Broker assistants earn more than people working in the category of Clerical generally in Vermont and more than people in the Clerical category nationally.

There are fourteen schools of higher education in the Essex area, including one within twenty-five miles of Essex 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

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 Essex 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

Johnson State College - Johnson, VT

Johnson State College, 337 College Hill, Johnson, VT 05656-9464. Johnson State College is a small college located in Johnson, Vermont. It is a public school with primarily 4-year or above programs. It has 1,850 students and an admission rate of 82%. Johnson State College has an associate's degree and a bachelor's degree program in Accounting Technology/Technician and Bookkeeping.

LOCATION INFORMATION: Essex, Vermont

Essex, Vermont
Essex, Vermont photo by Fancy-cats-are-happy-cats

Essex is situated in Chittenden County, Vermont. It has a population of over 19,649, which has grown by 5.5% over the last ten years. The cost of living index in Essex, 95, is below the national average. New single-family homes in Essex cost $228,000 on average, which is below the state average. In 2008, six new homes were built in Essex, down from thirteen the previous year.

The three big industries for women in Essex are educational services, health care, and computer and electronic products. For men, it is computer and electronic products, educational services, and construction. The average travel time to work is about 19 minutes. More than 45.6% of Essex residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 17.1%, is higher than the state average.

The unemployment rate in Essex is 4.8%, which is less than Vermont's average of 5.9%. About 2.6% of Essex's residents are below the poverty line, which is better than the state average.

The percentage of Essex residents that are affiliated with a religious congregation, 39.8%, is less than both the national and state average. Federated Church, Covenant Community Church and Essex Alliance Church are among the churches located in Essex. The largest religious groups are the Catholic Church, the United Church of Christ and the United Methodist Church.

Essex is home to the Essex Free Library and the Essex Town Hall.