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Discount Brokerage Department Manager Salary
in Connecticut, United States

$58,951 (USD)

Average Salary

$28/hr

Average Hourly

$4,115

Average Bonus

Salary Recap

The average pay for a Discount Brokerage Department Manager is $58,951 a year and $28 an hour in Connecticut, United States. The average salary range for a Discount Brokerage Department Manager is between $43,120 and $72,146. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Connecticut, United States.

Average Salary Chart

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Job Summary

Description:
  • Directs and coordinates activities concerned with buying or selling investment products and financial services, such as securities, insurance, and real estate, for clients of brokerage firm: screens, selects, and hires registered representatives and other employees.
  • Directs inservice training to improve client services and increase sales volume.
  • Develops and implements plans to ensure compliance of workers with established programs, procedures, and practices.
  • Establishes internal control procedures to control margin accounts, short sales, and options and to reduce office errors and client complaints.
  • Reviews recapitulation of daily transactions to ensure accordance with rules and regulations of government agencies, regulatory bodies, and securities exchanges.
  • Analyzes operations to determine areas where cost reductions could be implemented or program improvements initiated.
  • Evaluates profitability of gross sales and transactions.
  • Conducts staff meetings of personnel to discuss changes in policy, redirection of sales emphasis to other programs, or to propose methods and procedures to increase firm's share of local market and trade volume.
  • Explains firm's research and customer service facilities and how use of facilities can promote customer relations and sales.
  • Prepares activity reports for evaluation by management.
  • May be required to have securities agent license.
  • May be required to have experience in certain type of brokerage office managed, such as full-service brokerage office, discount brokerage office, or full-service/discount brokerage office.

Salary Potential

Estimated salary in 2023:
$68,340
5 Year Change:
16 %

Education

Education data not available for this job

Skills

Skills data not available for this job

Discount Brokerage Department Manager Job Listings for Connecticut, United States

Department Sales Manager - OFF 5TH
Oct 8
Clinton, United States
HBC
Our portfolio today includes formats ranging from luxury to premium department stores to off price ... employee discount Thank you for your interest with HBC. We look forward to reviewing your ...
Production Control Manager
Nov 12
Shelton, CT, USA
Inline Plastics Corp
Communicates as necessary with Sales, Distribution, Warehouse and Production Departments to ... Ability to calculate figures and amounts such as discounts, and interest. Ability to used min/max ...
Assistant Production Manager - UniFirst
Sep 23
Stratford, CT, USA
Unifirst
Meet budget requirements of the department, including budget preparation and operation of ... Discount Employee Referral Program Qualifications * Four year degree in an appropriate background ...
Corporate Controller (Property Management) (13500001)
Nov 1
Branford, United States
Owens Realty Services
... manager training, billing, budgeting and reporting metrics. • Work with EVP, Finance on ... across departments and work effectively in a team environment Qualifications: • 5+ years ...
Programmer - Compliance Technology
Oct 10
Greenwich, USA
Interactive Brokers
and Responsibilities Interactive Brokers LLC is an SEC-registered broker-dealer and a CFTC ... Support the technology needs of the Legal and Compliance Departments We offer mentorship from ...
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