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Discount Brokerage Operations Manager Salary
in Utah, United States

$140,118 (USD)

Average Salary

$67/hr

Average Hourly

$11,462

Average Bonus

Last updated: February 23, 2019

Salary Recap

The average pay for a Discount Brokerage Operations Manager is $140,118 a year and $67 an hour in Utah, United States. The average salary range for a Discount Brokerage Operations Manager is between $102,490 and $171,482. This compensation analysis is based on salary survey data collected directly from employers and anonymous employees in Utah, 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.
Discount Brokerage Operations Manager Job Prevalence in Utah, United States

Job family: Financial Managers

Job family population: 569,380

Estimated population of Discount Brokerage Operations Manager jobs: 3,342

Rate of error: 0.6%

Salary Potential

Estimated salary in 2024:
$162,436
5 Year Change:
16 %

Education

Education data not available for this job

Skills

Skills data not available for this job

Discount Brokerage Operations Manager Job Listings for Utah, United States

Banker - Stock Broker as Sales Manager for Stock Loan Sales (Remote)
Feb 22
Salt Lake, UT, USA
America 2030 Capital Limited
We are a USA and European based financial brokerage firm and direct lender of securities backed ... operations globally
Shared Services Training Professional Associate - Wealth Management Operations
Jan 31
South Jordan, UT, USA
Morgan Stanley
Background on the Team Global Wealth Management Operations provides brokerage, investment and financial services to hundreds of thousands of individual investors. We apply our expertise in serving ...
Senior Operations Analyst (Project Management)
Feb 6
Sandy, UT, USA
E-TRADE
TRADE pioneered the online brokerage industry by executing the first-ever electronic individual ... SUMMARY The Senior Operations Analyst (Fraud Prevention Projects) will work closely with the ...
Gift Shop Manager
Feb 15
Bryce Canyon, UT, USA
The Lodge at Bryce Canyon, L.L.C.
Sales Floor Operations: * Responsible for the stocking, display/presentation, and pricing of store ... Assists Gift Store Clerks with discounts, returns, and other transaction issues. * Ships purchased ...
Assistant Manager
Feb 8
Salt Lake City, UT, USA
NPC International
... meal discounts, and more. The Assistant Manager is responsible for keeping our restaurant ... He or she will assist the General Manager in the day-to-day fast food restaurant operations and in ...
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