How much does a Discount Brokerage Department Manager make in Washington, DC? The average Discount Brokerage Department Manager salary in Washington, DC is $154,748 as of February 26, 2024, but the range typically falls between $122,654 and $166,620. 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. 

Discount Brokerage Department Manager Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Discount Brokerage Department Manager Salary $93,434 Washington,DC February 26, 2024
25th Percentile Discount Brokerage Department Manager Salary $122,654 Washington,DC February 26, 2024
50th Percentile Discount Brokerage Department Manager Salary $154,748 Washington,DC February 26, 2024
75th Percentile Discount Brokerage Department Manager Salary $166,620 Washington,DC February 26, 2024
90th Percentile Discount Brokerage Department Manager Salary $177,430 Washington,DC February 26, 2024
25% $122,654 10% $93,434 90% $177,430 75% $166,620 $154,748 50%(Median) Didn’t find job title? Click
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What skills does a Discount Brokerage Department Manager need?

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.

1.

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.

2.

Pricing: Pricing is a process of fixing the value that a manufacturer will receive in the exchange of services and goods.

3.

KPI: KPI stands for key performance indicator, a quantifiable measure of performance over time for a specific objective.

Customer Service 5.94%
Pricing 1.15%
KPI 1.92%
Others 90.99%

Job Description for Discount Brokerage Department Manager

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. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Discount Brokerage Department Manager in Washington, DC
Those that have already made the climb...
Pamela J. Shelley-Kessler, Co-President, Chief Financial Officer and Corporate Secretary
LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC's investment portfolio includes 208 properties in 27 states wi... More
Fiscal Year Ended in 2022
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Discount Brokerage Department Manager salary varies from city to city. Compared with national average salary of Discount Brokerage Department Manager, the highest Discount Brokerage Department Manager salary is in San Francisco, CA, where the Discount Brokerage Department Manager salary is 25.0% above. The lowest Discount Brokerage Department Manager salary is in Miami, FL, where the Discount Brokerage Department Manager salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

Take just three simple steps below to generate your own personalized salary report

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Average Base Salary

Core compensation

 
 
 
122654
166620
154748

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
138630
211309
168229
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Discount Brokerage Department Manager in Washington, DC. The base salary for Discount Brokerage Department Manager ranges from $122,654 to $166,620 with the average base salary of $154,748. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $138,630 to $211,309 with the average total cash compensation of $168,229.
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For a real-time salary target, tell us more about your role in the four categories below.

122654
166620

 

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About Washington, District of Columbia    Washington, D.C. is located in the mid-Atlantic region of the U.S. East Coast. Due to the District of Columbia retrocession, the city has a total area....More

Washington, District of Columbia  area prices were up 1.3% from a year ago    View the Cost of Living in Washington, District of Columbia

Discount Brokerage Department Manager Salary in popular cities:

Skills associated with Discount Brokerage Department Manager: Securities Trading, Order Processing, Transaction Monitoring, Securities Laws and Regulations ...More

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