Discount Brokerage Department Manager Salary in District of Columbia

How much does a Discount Brokerage Department Manager make in District of Columbia? The average Discount Brokerage Department Manager salary in District of Columbia is $139,643 as of January 20, 2020, but the range typically falls between $110,682 and $150,350. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

25% $110,682 10% $84,314 90% $160,099 75% $150,350 $139,643 50%(Median)
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Job Description

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 NASD Series 7 license. Requires a bachelor's degree in a related area. 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. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. To be a Discount Brokerage Department Manager typically requires 3+ years of managerial experience. (Copyright 2020 Salary.com)

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Location Avg. Salary Date Updated
Location Naval Anacost Annex, DC Avg. Salary $138,940 Date Updated January 20, 2020
Location Parcel Return Service, DC Avg. Salary $138,940 Date Updated January 20, 2020
Location Washington, DC Avg. Salary $138,940 Date Updated January 20, 2020
Location Washington Navy Yard, DC Avg. Salary $138,940 Date Updated January 20, 2020
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