Education Career Articles

Connect Facebook Connect Twitter Connect Google+ Connect Pinterest Connect Stumbleupon

Discount Brokerage Sales Representative Job Description

Job Descriptions February 14, 2014

A discount brokerage sales representative can also be referred to as a discount brokerage sales officer. According to the U.S. Bureau of Labor Statistics, brokerage sales officers connect buyers and sellers in financial markets. The job growth outlook for the period 2010-2020 is 15%, which is the average growth for the business field.

The US Bureau of Labor goes on to report that a brokerage sales agent needs a moderate amount of on-the-job training and median pay will average at $33.75 for the period 2010-2020. Entry-level education for this position is a minimum of a 4 year bachelor’s degree. Graduates can apply for this level position as it does not require any experience in a related field.

To qualify for this entry-level position, a graduate would also need to have attained an NASD series 7 licenses. State licensure may also apply depending on the state the position is located in. Depending on the financial institution this position may require 3-5 years in the field if it is not an entry-level offering.

A discount brokerage sales representative is specifically responsible for the buying and selling of securities in a timely manner and at a discounted commission. A responsible candidate will ensure accuracy of transactions and keep track of current market conditions. A discount brokerage sales officer does not usually make investment recommendations.

An exception to making investment recommendations is if a client holds and advises an account or another fee based account product. Familiarity with common financial field concepts is often required; along with an understanding of financial practices and procedures.

A candidate must have sound judgment to be relied upon to make plans and accomplish goals. The qualified candidate will be required to perform a variety of tasks. Latitude of creativity and initiative is required to succeed in this position. A skill set that can be carried forward to other levels of competency within the industry.

A successful candidate for discount brokerage sales representative or officer will routinely report to the sales manager or head of the department. This is an upwardly mobile position and can lead to advancement within 3 to 5 years of holding the titled position. This financial industry position is often considered a training ground for young graduates to prove themselves as dynamic professionals.

Wages can range from $50,000 to $80,000 a year. Successfully discount brokerage sales representatives can expect to receive year-end sales bonuses in the range of $2,000 to $5,000 dollars.

Searching Searching ...

Matching School Ads
1 Program(s) Found
  • Available business concentrations include Accounting, Economics, General Management, Marketing, and Human Resource Management.
  • Ranked among the Best Online MBA and Online Graduate Business Programs in 2016 by U.S. News & World Report.
  • Programmatic accreditation provided by the Accreditation Council for Business Schools and Programs (ACBSP).
  • Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).
  • Online Courses
2 Program(s) Found
ECPI University , Glen Allen
  • Named a Best for Vets school by the Military Times in 2014.
  • Has specialized in student-centered technology, business, criminal justice, health science, and culinary education for over 45 years.
  • Makes it possible for students to earn a bachelor’s degree in 2.5 years or an associate’s in 1.5 years by providing a year-round schedule.
  • Offers externships and clinical experience that help students prepare for life after they graduate.
  • Has 10 campuses across the mid-Atlantic, plus online degree programs.
Good for Working Adults
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
2 Program(s) Found
South University , Glen Allen
  • Program options include Accounting, Business Administration, Leadership, and more.
  • Curriculum focuses on developing leadership, critical thinking, problem-solving, and communication skills.
  • Programmatic accreditation by the Accreditation Council for Business Schools and Programs (ACBSP) at select campuses.
  • Business programs are available at many of the 11 campus locations across the United States.
Good for Working Adults
  • Flexible Scheduling
  • Financial Aid
1 Program(s) Found
  • Campus-based and online business programs include Entertainment Business (BS), Internet Marketing (BS), and Business Intelligence (MS)
  • Students will explore business concepts like marketing, global media management, and business technology and design
  • Courses designed to prepare students for a career in business and Career Development advisors available to all alumni
  • Full Sail offers accelerated programs, so a degree that would normally take four years takes 24 months on average
  • Online Courses

Searching Searching ...

Matching School Ads
1 Program(s) Found
  • Available business concentrations include Accounting, Economics, General Management, Marketing, and Human Resource Management.
  • Ranked among the Best Online MBA and Online Graduate Business Programs in 2016 by U.S. News & World Report.
  • Programmatic accreditation provided by the Accreditation Council for Business Schools and Programs (ACBSP).
  • Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).
  • Online Courses
1 Program(s) Found
  • Campus-based and online business programs include Entertainment Business (BS), Internet Marketing (BS), and Business Intelligence (MS)
  • Students will explore business concepts like marketing, global media management, and business technology and design
  • Courses designed to prepare students for a career in business and Career Development advisors available to all alumni
  • Full Sail offers accelerated programs, so a degree that would normally take four years takes 24 months on average
  • Online Courses

Login to your account

Can't remember your Password ?

Register for this site!