How much does a Discount Brokerage Operations Manager make hourly in the United States? The average hourly wage for a Discount Brokerage Operations Manager in the United States is $37 as of March 26, 2024, but the range typically falls between $33 and $56. Hourly rate 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 Operations Manager Salaries by Percentile
Percentile Hourly Pay Rate Location Last Updated
10th Percentile Discount Brokerage Operations Manager Salary $29 US March 26, 2024
25th Percentile Discount Brokerage Operations Manager Salary $33 US March 26, 2024
50th Percentile Discount Brokerage Operations Manager Salary $37 US March 26, 2024
75th Percentile Discount Brokerage Operations Manager Salary $56 US March 26, 2024
90th Percentile Discount Brokerage Operations Manager Salary $72 US March 26, 2024
25% $33 10% $29 90% $72 75% $56 $37 50%(Median) Didn’t find job title? Click
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Job Description for Discount Brokerage Operations Manager

Discount Brokerage Operations Manager oversees the daily operations of a discount brokerage. Ensures that brokerage operations adhere to the organization's financial and business strategies. Being a Discount Brokerage Operations Manager monitors the purchase and sale of securities for clients at discounted commissions. Ensures accuracy of transactions, oversees account maintenance, and acts as a liaison with the organization's full-service broker as needed. Additionally, Discount Brokerage Operations Manager ensures compliance with all relevant government regulations. Keeps abreast of market conditions. Requires NASD Series 7 license. Requires a bachelor's degree in a related area. Typically reports to a director. The Discount Brokerage Operations 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 Operations Manager typically requires 3+ years of managerial experience. (Copyright 2024 Salary.com)... View full job description

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Career Path for Discount Brokerage Operations Manager

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Discount Brokerage Operations Manager, the first career path typically progresses to Top Foreign Exchange Executive.

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 Operations Manager salary varies from city to city. Compared with national average salary of Discount Brokerage Operations Manager, the highest Discount Brokerage Operations Manager salary is in San Francisco, CA, where the Discount Brokerage Operations Manager salary is 25.0% above. The lowest Discount Brokerage Operations Manager salary is in Miami, FL, where the Discount Brokerage Operations Manager salary is 3.5% 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
-3.5%
City, State Chicago, IL Compared to national average
+ 4.9%
City, State Boston, MA Compared to national average
+ 12.1%
City, State New York, NY Compared to national average
+ 16.8%
City, State Dallas, TX Compared to national average
-1.3%

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Understand the total hourly compensation opportunity for a Discount Brokerage Operations Manager, hourly wage plus other pay elements

Average Hourly Wage

Core compensation

 
 
 
33
56
37

Average Total Hourly Cash Compensation

Includes base and short-term incentives

 
 
 
34
69
39
These charts show the average hourly wage (core compensation), as well as the average total hourly cash compensation for the job of Discount Brokerage Operations Manager in the United States. The average hourly rate for Discount Brokerage Operations Manager ranges from $33 to $56 with the average hourly pay of $37. The total hourly cash compensation, which includes base and short-term incentives, can vary anywhere from $34 to $69 with the average total hourly cash compensation of $39.
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33
56

 

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Skills associated with Discount Brokerage Operations Manager: Trading, Brokerage Trading Software, Securities Laws and Regulations, Order Processing ...More

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Discount Brokerage Operations Manager Salary in United States
Discount Brokerage Operations Manager Salary Graph, Regional Distribution and Summary