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Career and Education Opportunities for Broker Assistants in Alexandria, Virginia

Alexandria, Virginia provides a wide variety of opportunities, both career and educational, for broker assistants. The national trend for broker assistants sees this job pool shrinking by about 2.6% over the next eight years. Broker assistants generally perform clerical duties involving the purchase or sale of securities.

Broker assistants earn about $17 hourly or $37,050 annually on average in Virginia and about $18 per hour or $38,710 annually on average nationally. Earnings for broker assistants are better than earnings in the general category of Clerical in Virginia and better than general Clerical category earnings nationally.

There are eighty-four schools of higher education in the Alexandria area, including five within twenty-five miles of Alexandria where you can get a degree to start your career as a broker assistant. Given that the most common education level 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

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 Alexandria 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.
  • 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.

EDUCATIONAL OPPORTUNITIES: Broker Assistant Training

Prince George's Community College - Largo, MD

Prince George's Community College, 301 Largo Rd, Largo, MD 20774-2199. Prince George's Community College is a large college located in Largo, Maryland. It is a public school with primarily 2-year programs and has 12,005 students. Prince George's Community College has a one to two year and an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated six and eleven students respectively in 2008.

Montgomery College - Rockville, MD

Montgomery College, 40 W. Gude Drive, Suite 220, Rockville, MD 20850. Montgomery College is a large college located in Rockville, Maryland. It is a public school with primarily 2-year programs and has 24,452 students. Montgomery College has a one to two year and an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated twenty-nine and twenty students respectively in 2008.

Anne Arundel Community College - Arnold, MD

Anne Arundel Community College, 101 College Pky, Arnold, MD 21012-1895. Anne Arundel Community College is a large college located in Arnold, Maryland. It is a public school with primarily 2-year programs and has 15,149 students. Anne Arundel Community College has a one to two year and an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated thirteen and eleven students respectively in 2008.

College of Southern Maryland - La Plata, MD

College of Southern Maryland, 8730 Mitchell Rd, La Plata, MD 20646-0910. College of Southern Maryland is a medium sized college located in La Plata, Maryland. It is a public school with primarily 2-year programs and has 8,240 students. College of Southern Maryland has a one to two year and an associate's degree program in Accounting Technology/Technician and Bookkeeping which graduated 109 and forty-seven students respectively in 2008.

University of the District of Columbia - Washington, DC

University of the District of Columbia, 4200 Connecticut Ave NW, Washington, DC 20008. University of the District of Columbia is a medium sized university located in Washington, District of Columbia. It is a public school with primarily 4-year or above programs and has 5,339 students. University of the District of Columbia has an associate's degree program in Accounting Technology/Technician and Bookkeeping.

LOCATION INFORMATION: Alexandria, Virginia

Alexandria, Virginia
Alexandria, Virginia photo by SchuminWeb

Alexandria is situated in Alexandria City County, Virginia. It has a population of over 143,885, which has grown by 12.2% in the past ten years. The cost of living index in Alexandria, 124, is far greater than the national average.

The three big industries for women in Alexandria are professional, scientific, and technical services, public administration, and health care. For men, it is professional, scientific, and technical services, public administration, and construction. The average commute to work is about 30 minutes. More than 54.3% of Alexandria residents have a bachelor's degree, which is higher than the state average. The percentage of residents with a graduate degree, 24.8%, is higher than the state average.

The unemployment rate in Alexandria is 4.6%, which is less than Virginia's average of 6.4%.

Church of Resurrection Episcopal, Agudas Achim Synagogue and Alexandria Bible Church are some of the churches located in Alexandria.

Alexandria is home to the Circle Terrace Hospital and the Kate Waller Barrett Branch as well as Marina Park and Founders Park. Shopping centers in the area include Hamlet Shopping Center, Landmark Shopping Center and Arlandria Shopping Center. Visitors to Alexandria can choose from Comfort Inn-Landmark, Best Western Old Colony Inn and Hilton Inn for temporary stays in the area.