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Discount Brokerage Department Manager
$154,664 (USD)/yr
$74.36 (USD)/hr
$12,652 (USD)/yr
The average discount brokerage department manager gross salary in Phoenix, Arizona is $154,664 or an equivalent hourly rate of $74. This is 3% lower (-$4,004) than the average discount brokerage department manager salary in the United States. In addition, they earn an average bonus of $12,652. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Phoenix, Arizona. An entry level discount brokerage department manager (1-3 years of experience) earns an average salary of $113,129. On the other end, a senior level discount brokerage department manager (8+ years of experience) earns an average salary of $189,283.
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This page is a promotion for SalaryExpert’s Assessor Platform and is not intended for professional use.
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ERI’s compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.
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Salary Potential
$173,728 (USD)
12 %
Based on our compensation data, the estimated salary potential for Discount Brokerage Department Manager will increase 12 % over 5 years.
Most Popular Skills for Discount Brokerage Department Manager
Education
This chart displays the highest level of education for:
Discount Brokerage Department Manager, the majority at 46% with bachelors.
Typical Field of Study: Finance
See how education can impact your salary
Salary Difference by Location
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City Overview
The cost of living in Phoenix, Arizona is 9% more than the average cost of living in the United States. Cost of living is calculated based on accumulating the cost of food, transportation, health services, rent, utilities, taxes, and miscellaneous.
View Cost of Living PagePhoenix ( FEE-niks; Navajo: Hoozdo, [xòːztò]; O'odham: S-ki:kigk; Spanish: Fénix; Walapai: Banyà:nyuwá) is the capital and most populous city of the U.S. state of Arizona, with 1,608,139 residents as of 2020. It is the fifth-most populous city in the United States and the most populous state capital in the country. Phoenix is the most populous city of the Phoenix metropolitan area, also known as the Valley of the Sun, which in turn is part of the Salt River Valley and Arizona Sun Corridor. The metro...
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Job 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.
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Disclaimer
This page is a promotion for SalaryExpert’s Assessor Platform and is not intended for professional use.
Professionals should subscribe to SalaryExpert’s Assessor Platform.
ERI’s compensation data are based on salary surveys conducted and researched by ERI. Cost of labor data in the Assessor Series are based on actual housing sales data from commercially available sources, plus rental rates, gasoline prices, consumables, medical care premium costs, property taxes, effective income tax rates, etc.
Most Popular Skills for Discount Brokerage Department Manager
Salary Difference by Location
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SalaryExpert, powered by ERI, provides verified salary and cost of living data to the public with a comprehensive platform for evaluating compensation, career, relocation, and education decisions.
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