Salary for
Discount Brokerage Department Manager in the United States

How much does a Discount Brokerage Department Manager earn in the United States? The average Discount Brokerage Department Manager salary in the United States is $123,338 as of March 28, 2019, but the range typically falls between $97,762 and $132,803. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.  View Cost of Living in Major Cities

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Job Description

Manages and leads a group of discount brokers responsible for the purchase and sale of securities for clients at discounted commissions. Develops marketing programs and strategies to increase profitability and enter new markets. Monitors transactions for accuracy and ensures satisfactory customer service. May interact with the organization's full-service brokers as needed. Ensures compliance with any applicable regulations. Requires NASD Series 7 license. Requires a bachelor's degree in a related area. Typically reports to a director. Typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. Typically requires 3+ years of managerial experience.

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Salary range for a Discount Brokerage Department Manager
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Average Base Salary

Core compensation

 
 
 
97762
132803
123338

Average Total Compensation

Includes bonus, healthcare, and retirement

 
 
 
110491
168425
134081
These charts show the average base salary (core compensation), as well as the average total compensation for the job of Discount Brokerage Department Manager in the United States. The base salary for Discount Brokerage Department Manager ranges from $97,762 to $132,803 with the average base salary of $123,338. The total compensation, which includes bonus, health and retirement, can vary anywhere from $110,491 to $168,425 with the average total compensation of $134,081.
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97762
132803
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Career Path for this job

  1. Down a level:

    Discount Brokerage Sales Representative

    2 - 4 years experience
    Bachelor's Degree

  2. This Job:

    Discount Brokerage Department Manager


    Bachelor's Degree

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Job Openings for Discount Brokerage Department Manager