As of January 01, 2025, the average annual salary for a Discount Brokerage Department Manager in the United States is $142,014. According to Salary.com, salaries can range from a low of $85,743 to a high of $162,836, with most professionals earning between $112,559 and $152,913.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $152,913 | $12,743 | $2,941 | $74 |
| Average | $142,014 | $11,834 | $2,731 | $68 |
| 25th Percentile | $112,559 | $9,380 | $2,165 | $54 |
An entry-level Discount Brokerage Department Manager with less than 1 year of experience earns about $130,182. With 1-2 years of experience, the average salary increases to $131,493. For 2-4 years of experience, the pay typically rises to $134,549. Senior-level professionals with 5-8 years of experience earn around $138,043, and those with over 8 years of experience can expect an average of $142,231.
| Levels | Salary |
|---|---|
| Entry Level Discount Brokerage Department Manager | $130,182 |
| Intermediate Level Discount Brokerage Department Manager | $131,493 |
| Senior Level Discount Brokerage Department Manager | $134,549 |
| Specialist Level Discount Brokerage Department Manager | $138,043 |
| Expert Level Discount Brokerage Department Manager | $142,231 |
| Entry Level | 8% |
| Mid Level | 7% |
| Senior Level | 5% |
| Top Level | 3% |
| Experienced | 0% |
Salaries in the United States differ widely between states due to factors like cost of living, local economies, and industry presence.
What Am I Worth?
Salaries in the United States can vary greatly between cities due to factors like cost of living, local economies, and industry presence.
As of January 01, 2025, our research reveals a significant shift in Discount Brokerage Department Manager compensation over the past six years. For example, the median salary increased from $129,907 in 2023 to approximately $131,454 in 2024. (For a detailed analysis of Discount Brokerage Department Manager salary trends, click here.)
Key factors like location, experience, industry demand, and economic growth significantly influence salary variations, making them important to consider.
Salary.com job board provides millions of Discount Brokerage Department Manager information for you to search for. Click on search button below to see Discount Brokerage Department Manager job openings or enter a new job title here.
Here are companies hiring for Discount Brokerage Department Manager and their salaries, click below for more details.
| Core Compensation | ||||
| Core Compensation | Median | % of Total | ||
| Base Salary | $142,014 | 68.7% | ||
| Bonus | $12,373 | 6.0% | ||
| Value of Benefits | ||||
| Core Compensation | Median | % of Total | ||
| Social Security | $11,811 | 5.7% | ||
| 401K/403B | $4,786 | 2.3% | ||
| Disability | $1,389 | 0.7% | ||
| Healthcare | $5,345 | 2.6% | ||
| Pension | $8,337 | 4.0% | ||
| Time Off | $20,783 | 10.0% | ||
| Total Compensation | $206,837 | 100% | ||
| Degree Level | % of user with this level of education |
|---|---|
| High School | 5.6% |
| Bachelors | 66.7% |
| Masters | 27.8% |
What Am I Worth?
The average annual salary of Discount Brokerage Department Manager is $142,014. In case you are finding an easy salary calculator, the average hourly pay of Discount Brokerage Department Manager is $68; the average weekly pay of Discount Brokerage Department Manager is $2,731; the average monthly pay of Discount Brokerage Department Manager is $11,834.
A Discount Brokerage Department Manager's earning potential can vary widely depending on several factors, including location, industry, experience, education, and the specific employer. According to the latest salary data by Salary.com, a Discount Brokerage Department Manager earns the most in San Jose, CA, where the annual salary of a Discount Brokerage Department Manager is $178,227.
The highest pay for Discount Brokerage Department Manager is $162,836.
The lowest pay for Discount Brokerage Department Manager is $85,743.
Discount Brokerage Department Manager 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. Being a Discount Brokerage Department Manager monitors transactions for accuracy and ensures satisfactory customer service. May interact with the organization's full-service brokers as needed. Additionally, Discount Brokerage Department Manager ensures compliance with any applicable regulations. Requires a bachelor's degree in a related area. Requires NASD Series 7 license. Typically reports to a director. The Discount Brokerage Department Manager 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. To be a Discount Brokerage Department Manager typically requires 3+ years of managerial experience. Capable of resolving escalated issues arising from operations and requiring coordination with other departments.
Specify the abilities and skills that a person needs in order to carry out the specified job duties. Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.
KPI: KPI stands for key performance indicator, a quantifiable measure of performance over time for a specific objective.
Pricing: Pricing is a process of fixing the value that a manufacturer will receive in the exchange of services and goods.
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