The Office of Career Services
Library Building, Room 429 & 430
222-05 56th Avenue
Bayside, NY 11364
Phone: (718) 631-6297
|Overview:||Securities clerks record pruchases and sales of stocks, bonds and other transactions such as stock splits and conversions. They compute dividends to be paid out to stockholders for specific corporations. They prepare income projections for individual trusts which contain stocks and bonds.|
|Duties:||They prepare transmittal documentation for securities sold to assure payment, transfer and delivery of the securities. Ascertain quantity and type of security assets in trust account clients.
They record security transactions such as purchases and sales, stock dividends and splits, conversions and redemptions. They compute dividends to be issued to stockholders.
They consult financial reports, newsletters and confer with investment specialists to obtain information about prices, dividends & yields of securities being held in clients' accounts.
They review clients' trust accounts containing securities that are affected by market transactions such as stock splits, merger and take-overs. They advise clients of impact.
|Job Outlook:||Employment of brokerage clerks is expected to decline slowly through 2018 due to industry consolidation and increased automation of securities transactions through electronic networks.|
|Salary Range (National Average):||$24,000 to $27,000|
|Education Level:||Training for this occupation generally requires a High School Degree, plus additional coursework in a vocational or technical school. In some cases, employers may require an Associate Degree.|
|Additional Training/Education:||Brokerage firms and financial institutions prefer applicants who have an associate degree, or equivalent, from a college or business school. The study program should include finance, banking, accounting, business administration and training in computer applications.|
Understanding acquiring positions in this field may be enhanced through continuing academic study (i.e. earning a baccalaureate or a master's degree) and/or work experience in the field, Queensborough Community College has established transfer agreements with other institutions for students who wish to further pursue their educational goals. Students are highly encouraged to meet with one of our Career Services to fully understand the opportunities available through study in their degree program.