Prevailing Wage for Brokerage Clerks

Prevailing wage for Brokerage Clerks (SOC 43-4011) sets the minimum salary a U.S. employer must pay when sponsoring a Client Associate, Account Administrator, or Operations Coordinator on an H-1B, E-3, or green card petition. DOL publishes four experience-based levels, and the floor shifts considerably by city, so a Client Service Associate offer that clears the bar in one metro may fall short in another.

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Level 1Entry
National median
$49K
$23.37/hr

Entry-level clerks with limited securities-operations experience, typically recent graduates or those transitioning into brokerage support roles. Duties are routine and closely supervised, covering basic order processing, record-keeping, or dividend tracking under direct oversight.

Level 2Qualified
National median
$55K
$26.60/hr

Qualified clerks with practical experience handling stock transactions, transfer-tax computations, and equity calculations with moderate supervision. Level 2 is the most common filing level for Brokerage Clerks, reflecting standard production-level brokerage support work.

Level 3Experienced
National median
$62K
$30.04/hr

Experienced professionals who independently manage complex securities transactions, verify multi-leg trades, and may informally guide junior clerks. Candidates at this level typically have several years of demonstrated brokerage-operations or client-services experience.

Level 4Fully Competent
National median
$70K
$33.54/hr

Fully competent senior clerks or lead operations coordinators who set procedures, handle escalated settlement issues, and operate with full autonomy. Employers filing at Level 4 typically expect recognized subject-matter depth across securities processing and compliance tasks.

Prevailing Wage for Brokerage Clerks by OES area

Each shape is a DOL OES area, the unit prevailing wage is published for.

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$29K/yr$62K/yr

What’s an OES area?

The Department of Labor publishes prevailing wages for geographic zones called OES areas. Every U.S. county belongs to exactly one, and the wage floor applies across the whole area. A worker in Oakland gets the San Francisco metro wage, not a separate Oakland wage.

Top 10 cities · Level 1

1
New York, NY
New York-Newark-Jersey City, NY-NJ metro
$62K$29.79/hr
2
Bridgeport, CT
Bridgeport-Stamford-Danbury, CT metro
$61K$29.13/hr
3
Oxnard, CA
Oxnard-Thousand Oaks-Ventura, CA metro
$58K$27.98/hr
4
Trenton, NJ
Trenton-Princeton, NJ metro
$58K$27.79/hr
5
Denver, CO
Denver-Aurora-Centennial, CO metro
$58K$27.78/hr
6
Hartford, CT
Hartford-West Hartford-East Hartford, CT metro
$57K$27.40/hr
7
Portland, ME
Portland-South Portland, ME metro
$57K$27.33/hr
8
Los Angeles, CA
Los Angeles-Long Beach-Anaheim, CA metro
$56K$26.92/hr
9
Boston, MA
Boston-Cambridge-Newton, MA-NH metro
$56K$26.89/hr
10
Washington, DC
Washington-Arlington-Alexandria, DC-VA-MD-WV metro
$56K$26.77/hr

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Prevailing Wage Guide for Brokerage Clerks

Watch how bonuses affect your base wage

Brokerage Clerks in securities firms often receive performance bonuses, but DOL prevailing wage compliance is measured against base salary alone. A bonus-heavy offer that looks competitive may still fall short of the required floor on its guaranteed cash component.

Flag title mismatches before your LCA is filed

Titles like Operations Coordinator or Client Associate are sometimes filed under broader administrative SOC codes instead of SOC 43-4011, which carries a different wage floor. Confirm your employer's LCA lists SOC 43-4011 so your offer is measured against the correct Brokerage Clerks prevailing wage.

Compare New York and secondary financial-hub wages carefully

The New York metro sets the highest prevailing wage floor for Brokerage Clerks across all four levels, well above Bridgeport or Los Angeles. If your worksite is in a secondary financial hub, verify the specific metro OES data before accepting an offer benchmarked to national figures.

Use Migrate Mate to see which firms sponsor Brokerage Clerks

Not all brokerage houses and asset managers sponsor visas consistently. Migrate Mate shows historical sponsorship counts by employer, so you can focus on firms that have actually filed for Brokerage Clerks roles rather than hoping a new employer will start the process.

Jobs for Brokerage Clerks are hiring across the US. Find yours.

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Prevailing Wage by Reported Job Title

DOL classifies these titles under SOC 43-4011.00 alongside Brokerage Clerks, so the same four-tier wage schedule applies to each. Tap a title to see the full breakdown.

Account Administrator Prevailing Wage

Account Administrator positions fall under SOC 43-4011.00 (Brokerage Clerks). DOL OFLC publishes one four-tier prevailing wage schedule for the entire classification; employers filing H-1B, E-3, or PERM petitions for this title use the levels below.

Level 1
Entry
$49K
$23.37/hr
Level 2
Qualified
$55K
$26.60/hr
Level 3
Experienced
$62K
$30.04/hr
Level 4
Fully Competent
$70K
$33.54/hr

Client Associate Prevailing Wage

When a U.S. employer sponsors a Client Associate for a work visa or green card, DOL applies the prevailing wage schedule for SOC 43-4011.00 (Brokerage Clerks). Wage level reflects the role's experience and responsibility, not the title itself.

Level 1
Entry
$49K
$23.37/hr
Level 2
Qualified
$55K
$26.60/hr
Level 3
Experienced
$62K
$30.04/hr
Level 4
Fully Competent
$70K
$33.54/hr

Client Service Associate Prevailing Wage

Client Service Associate is an O*NET-reported job title within SOC 43-4011.00 (Brokerage Clerks). All roles in this SOC share the same prevailing wage tiers. The level an employer files at depends on what the role requires, not which title is used.

Level 1
Entry
$49K
$23.37/hr
Level 2
Qualified
$55K
$26.60/hr
Level 3
Experienced
$62K
$30.04/hr
Level 4
Fully Competent
$70K
$33.54/hr

Operations Clerk Prevailing Wage

Operations Clerk positions fall under SOC 43-4011.00 (Brokerage Clerks). DOL OFLC publishes one four-tier prevailing wage schedule for the entire classification; employers filing H-1B, E-3, or PERM petitions for this title use the levels below.

Level 1
Entry
$49K
$23.37/hr
Level 2
Qualified
$55K
$26.60/hr
Level 3
Experienced
$62K
$30.04/hr
Level 4
Fully Competent
$70K
$33.54/hr

Operations Coordinator Prevailing Wage

When a U.S. employer sponsors a Operations Coordinator for a work visa or green card, DOL applies the prevailing wage schedule for SOC 43-4011.00 (Brokerage Clerks). Wage level reflects the role's experience and responsibility, not the title itself.

Level 1
Entry
$49K
$23.37/hr
Level 2
Qualified
$55K
$26.60/hr
Level 3
Experienced
$62K
$30.04/hr
Level 4
Fully Competent
$70K
$33.54/hr

Registered Account Administrator Prevailing Wage

Registered Account Administrator is an O*NET-reported job title within SOC 43-4011.00 (Brokerage Clerks). All roles in this SOC share the same prevailing wage tiers. The level an employer files at depends on what the role requires, not which title is used.

Level 1
Entry
$49K
$23.37/hr
Level 2
Qualified
$55K
$26.60/hr
Level 3
Experienced
$62K
$30.04/hr
Level 4
Fully Competent
$70K
$33.54/hr

Registered Sales Assistant Prevailing Wage

Registered Sales Assistant positions fall under SOC 43-4011.00 (Brokerage Clerks). DOL OFLC publishes one four-tier prevailing wage schedule for the entire classification; employers filing H-1B, E-3, or PERM petitions for this title use the levels below.

Level 1
Entry
$49K
$23.37/hr
Level 2
Qualified
$55K
$26.60/hr
Level 3
Experienced
$62K
$30.04/hr
Level 4
Fully Competent
$70K
$33.54/hr

Sales Assistant Prevailing Wage

When a U.S. employer sponsors a Sales Assistant for a work visa or green card, DOL applies the prevailing wage schedule for SOC 43-4011.00 (Brokerage Clerks). Wage level reflects the role's experience and responsibility, not the title itself.

Level 1
Entry
$49K
$23.37/hr
Level 2
Qualified
$55K
$26.60/hr
Level 3
Experienced
$62K
$30.04/hr
Level 4
Fully Competent
$70K
$33.54/hr

Sales Trader Prevailing Wage

Sales Trader is an O*NET-reported job title within SOC 43-4011.00 (Brokerage Clerks). All roles in this SOC share the same prevailing wage tiers. The level an employer files at depends on what the role requires, not which title is used.

Level 1
Entry
$49K
$23.37/hr
Level 2
Qualified
$55K
$26.60/hr
Level 3
Experienced
$62K
$30.04/hr
Level 4
Fully Competent
$70K
$33.54/hr

Trading Assistant Prevailing Wage

Trading Assistant positions fall under SOC 43-4011.00 (Brokerage Clerks). DOL OFLC publishes one four-tier prevailing wage schedule for the entire classification; employers filing H-1B, E-3, or PERM petitions for this title use the levels below.

Level 1
Entry
$49K
$23.37/hr
Level 2
Qualified
$55K
$26.60/hr
Level 3
Experienced
$62K
$30.04/hr
Level 4
Fully Competent
$70K
$33.54/hr

Frequently Asked Questions

How does DOL set the prevailing wage for Brokerage Clerks?

DOL's Office of Foreign Labor Certification derives prevailing wages from Bureau of Labor Statistics Occupational Employment and Wage Statistics surveys. For SOC 43-4011, OFLC maps survey responses to four experience levels and publishes wage floors for each metropolitan area. Employers sponsoring a Brokerage Clerks petition must offer at least the floor that matches the employee's level and the job's worksite location.

What do the four wage levels mean and how do I know which applies to me?

OFLC defines Level 1 as entry-level with routine duties under close supervision, Level 2 as qualified with moderate independence, Level 3 as experienced with substantial autonomy, and Level 4 as fully competent in a senior or lead capacity. Your level is determined by the actual job duties listed on the Labor Condition Application, not your job title. Review the LCA your employer files before signing an offer.

Why does the prevailing wage for the same Brokerage Clerks role vary so much by city?

DOL uses regional Occupational Employment and Wage Statistics data, so the floor reflects local labor market conditions in each metropolitan area. The LCA worksite rule requires employers to use the wage for the city where the employee actually works, not a cheaper metro. Densely concentrated financial markets like New York carry significantly higher floors because local survey wages are higher, while smaller Midwestern metros sit well below the national median.

What happens if an employer's offer is below the prevailing wage for a sponsored position?

USCIS will not approve an H-1B or E-3 petition if the certified LCA does not show a wage at or above the applicable prevailing wage floor. If DOL audits the LCA and finds the offered wage is deficient, the LCA certification can be withdrawn and back-pay liability may arise. A below-floor offer is not a negotiating-room problem; it is a legal compliance failure that blocks the petition entirely.

How do I find and verify the prevailing wage for a specific Brokerage Clerks location?

Use the OFLC Wage Search tool to look up SOC 43-4011 wages by metropolitan area and experience level. Enter the worksite metro, select the correct wage year, and confirm which of the four levels matches the duties described in your offer letter. Cross-check against the BLS Occupational Employment and Wage Statistics data if you want to see the underlying survey figures. Migrate Mate can help you identify which employers actively sponsor Brokerage Clerks roles in specific metros.

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