Hourly Wage for Manager of Discount Brokerage Department Salary in the United States

The Manager of Discount Brokerage Department develops marketing programs and strategies to increase profitability and enter new markets. Manages and leads a group of discount brokers responsible for the purchase and sale of securities for clients at discounted commissions. Being a Manager of Discount Brokerage Department may interact with the organization's full-service brokers as needed. Monitors transactions for accuracy and ensures satisfactory customer service. In addition, Manager of Discount Brokerage Department 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. The Manager of Discount Brokerage Department 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. Working as a Manager of Discount Brokerage Department typically requires 3+ years of managerial experience. (Copyright 2024 Salary.com)

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