Education Career Articles

Connect Facebook Connect Twitter Connect Google+ Connect Pinterest Connect Stumbleupon

Discount Brokerage Operations Manager Job Description

Majors Overview February 10, 2014

According to the U.S. Bureau of Labor Statistics, a Brokerage Operations Manager is responsible for the financial health of an organization. A discount brokerage operations manager is responsible for discount brokerage firms’ operations – companies that accept discounted fees. The average salary for an individual, in this position, is $85,000 – $125,000.

The position growth outlook for the period 2010-2020 will see an average growth of 9%, as documented at the U.S. Bureau of Labor Statistics. The general position requirements include producing reports, directing investment activities, and developing strategies and plans for the long-term growth of their organizations.

Position requirements usually include a minimum of a bachelor’s degree and 5 years of experience in the financial industry or similar business operations experience. These 5 years of experience could be attained from positions such as a bank loan officer, securities sales agent or similar sales agent, accountant, auditor or financial analyst.

Candidates with a master’s degree or certificates are most likely to be hired in the best possible positions available. Similar job titles include discount brokerage department manager, manager of discount brokerage operations and discount brokerage network manager. A candidate will be responsible for overseeing daily operations at a discount brokerage.

In addition, they will be responsible for ensuring that the brokerage operations adhere to the established business and financial strategies. The candidate will be responsible for ensuring the accuracy of every transaction, overseeing maintenance of each account, and, most importantly, acting as a liaison with the company’s full service broker, as needed. The individual in this position will monitor the purchases and sales of securities for clients at discounted commission.

This position requires the candidate to ensure compliance with all governmental regulations and keep current with all market changes. An individual in this position must have a detailed familiarity with a variety of the field’s most common practices, concepts and procedures. The candidate must possess a NASD series 7 license. Correspondingly, they should rely on extensive experience and practice to plan and accomplish organizational goals.

A superior candidate will be able to perform a variety of tasks while directing the work of others. This position is given a large degree of latitude for creativity and independent thought. The successful candidate will typically report to a Director of Brokerage Operations.

The projected available job positions for the period of 2010-2020 are 527,100 – successful candidates will need superior credentials. These credentials can include a master’s or higher degree, 5-7 years of field relevant experience, and a proven track record of accomplishing goals and growth. The U.S. Bureau of Labor Statistics reports that the employment changes for this period will average 46,300 candidates.

Showing schools in your area

Matching School Ads
5 Program(s) Found
  • Ranked among the Best Online Bachelor’s Programs by U.S. News and World Report in 2015.
  • Ranked among the Best Online MBA Programs by U.S. News and World Report in 2015.
  • Founded in 1890, it has a campus in Waterbury, CT and offers online degree program in eight-week modules, six times a year.
  • About 800 students are enrolled at the main campus, and about half of them commute.
  • Online courses make it possible for students to earn a bachelor’s degree in as little as 18 months and a master’s degree in 14-24 months.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Which career path will you take – Business, Nursing, Education, Psychology? Something else? GCU offers more than 100 majors to get you started!
  • Colangelo College of Business: Features more than 25 programs from the bachelor through the master's level, including several high-demand MBA programs and an accelerated accounting degree.
  • College of Nursing and Health Care Professions: Rich 25-year history providing outstanding health care and nursing degree programs, including an RN to BSN program & master's in nursing degrees.
  • College of Education: Whether you are looking to start or advance your career as a teacher or administrator, GCU offers bachelor’s and master’s in education degrees in key areas.
  • College of Humanities and Social Sciences: Provides a job focused education and features a variety of programs from counseling and psychology to justice studies, history and English literature.
  • Does something else interest you? GCU also offers programs in Doctoral Studies; Theology; Science, Engineering & Technology; and Fine Arts & Production. Speak with an enrollment counselor today!
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Online bachelor's programs include BBA, Criminal Justice, IT, Healthcare Management, Pscyhology & Public Health
  • Over 115 years of delivering quality education and personalized attention to students
  • We're now Non-Profit.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
  • eLearners.com Helps You Find the Right College within Minutes. 100% Free Match to Top Colleges.
  • Get Matched to the Perfect Business Degree Programs from Top Colleges Here.
  • Learn at Your Own Pace and Get Qualified to Pursue a Career You'll Love.
  • Answer a few questions and you are one step closer to enroll in a Top College!
  • Online Courses

Showing schools in your area

Matching School Ads
5 Program(s) Found
  • Ranked among the Best Online Bachelor’s Programs by U.S. News and World Report in 2015.
  • Ranked among the Best Online MBA Programs by U.S. News and World Report in 2015.
  • Founded in 1890, it has a campus in Waterbury, CT and offers online degree program in eight-week modules, six times a year.
  • About 800 students are enrolled at the main campus, and about half of them commute.
  • Online courses make it possible for students to earn a bachelor’s degree in as little as 18 months and a master’s degree in 14-24 months.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Do you have entrepreneurial visions to advance your career in the business world? Learn about the options available at GCU.
  • Earn a competitive bachelor's or master's degree in the areas of business administration, business analytics, accounting, marketing and more.
  • Many of our business degrees have attained elite accreditation from the Accreditation Council for Business Schools & Programs (ACBSP).
  • GCU nurtures the startup spirit, propelling your entrepreneurial visions on a powerful platform with opportunities to help you thrive.
  • Pursue a next-generation education with an online program or join Grand Canyon University's vibrant and growing campus community in beautiful Phoenix, Arizona.
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Online bachelor's programs include BBA, Criminal Justice, IT, Healthcare Management, Pscyhology & Public Health
  • Over 115 years of delivering quality education and personalized attention to students
  • We're now Non-Profit.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
  • Are You a Natural Leader or Good with Numbers? Get Educated in the Business Field.
  • Build the Capabilities and Connections to Power Your Future.
  • Business Administration & Management, Accounting, Marketing Degree Programs and More From Top Colleges that Fit Your Needs.
  • Find Schools Online or Near You & Get Info for FREE Today!
  • Online Courses

Login to your account

Can't remember your Password ?

Register for this site!