Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
The differences between broker assistants and brokers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a broker has an average salary of $124,861, which is higher than the $44,656 average annual salary of a broker assistant.
The top three skills for a broker assistant include MLS, scheduling appointments and open houses. The most important skills for a broker are brokerage, financial services, and insurance products.
| Broker Assistant | Broker | |
| Yearly salary | $44,656 | $124,861 |
| Hourly rate | $21.47 | $60.03 |
| Growth rate | -8% | 5% |
| Number of jobs | 34,254 | 2,770 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 66% |
| Average age | 50 | 49 |
| Years of experience | 2 | - |
A broker assistant is primarily responsible for performing support tasks to assist principal brokers and clients. It is their duty to maintain client accounts, obtain the necessary signatures, organize files, handle calls and inquiries, and prepare and process documents, reviewing them thoroughly to ensure accuracy. They may also conduct market research and analyses, develop marketing materials, generate leads, liaise with internal and external parties, and build positive relationships with clients. Moreover, in some industries, a broker assistant may also be in charge of supervising recruits while implementing the company's policies and standards.
Brokers can either be a firm or an individual acting as an intermediary between a securities exchange and an investor. They often provide services to individual investors and traders who cannot engage directly with security exchanges, which only accept orders from their members. They provide investors and traders with an investment plan, market intelligence, and research. They may cross-sell some financial services and products offered by their brokerage firms. They are also typically classified as discount or full-service brokers.
Broker assistants and brokers have different pay scales, as shown below.
| Broker Assistant | Broker | |
| Average salary | $44,656 | $124,861 |
| Salary range | Between $29,000 And $67,000 | Between $68,000 And $227,000 |
| Highest paying City | - | New York, NY |
| Highest paying state | - | New York |
| Best paying company | - | Child Guidance & Family Solutions |
| Best paying industry | - | Insurance |
There are a few differences between a broker assistant and a broker in terms of educational background:
| Broker Assistant | Broker | |
| Most common degree | Bachelor's Degree, 58% | Bachelor's Degree, 66% |
| Most common major | Business | Business |
| Most common college | Western Carolina University | University of Southern California |
Here are the differences between broker assistants' and brokers' demographics:
| Broker Assistant | Broker | |
| Average age | 50 | 49 |
| Gender ratio | Male, 30.9% Female, 69.1% | Male, 63.8% Female, 36.2% |
| Race ratio | Black or African American, 9.3% Unknown, 3.9% Hispanic or Latino, 16.2% Asian, 3.8% White, 66.0% American Indian and Alaska Native, 0.7% | Black or African American, 5.3% Unknown, 4.3% Hispanic or Latino, 13.2% Asian, 6.9% White, 70.1% American Indian and Alaska Native, 0.3% |
| LGBT Percentage | 6% | 13% |