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Discount Brokerage Department Manager Salary
in Connecticut, United States

$159,979 (USD)

Average Salary

$77/hr

Average Hourly

$13,086

Average Bonus

Salary Recap

The average pay for a Discount Brokerage Department Manager is $159,979 a year and $77 an hour in Connecticut, United States. The average salary range for a Discount Brokerage Department Manager is between $117,017 and $195,788. 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 2024:
$185,460
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

Account Manager, II
Dec 18
Windsor, CT, USA
Carrington Mortgage Services
The Account Manager will provide processing and sales support for loan applications received from ... Main contact of communication and support between the Broker and the various departments and ...
Department Head - Retail
Jan 17
Meriden, CT, USA
Ocean State Job Lot
POSITION SUMMARY: (PT & FT Opportunities Available) Under the direction of store management, the ... Store 20% discount * And many more! Company Description Voted one of America's Best Midsize ...
Office Manager
Jan 7
Willimantic, CT, USA
Steve Bousquet's Appliance & TV, Inc.
Coordinate with IT department on all office equipment * Manage contracts and price negotiations ... discount appliance store based in Danielson, CT. Since 1976, Bousquet Appliance has served ...
General Accounting Manager
Jan 7
New Britain, CT, USA
Peter Paul Electronics Co., Inc.
Position Overview - The accounting manager is responsible for managing the accounting department ... discounted price on sales orders entered today to make sure it was profitable · Develop and run ...
Annuity Case Manager
Dec 12
Hartford, CT, USA
Simplicity Financial Distributors
Department: Operations Position Title: Annuity Case Manager Reports to: Operations Director ... Trains brokers on carrier policies and procedures, explains decisions and factors causing delays in ...
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