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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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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Includes bonus, healthcare, and retirement
2 - 4 years experience
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