Type of Job:

White collar
Generative AI will likely change white-collar jobs by automating tasks or enhancing work. Highly educated jobs may be most affected, while blue-collar jobs may see increased demand and pay.

What Constitutes Artificial intelligence (AI)?

Artificial Intelligence (AI) is a technology that allows systems, whether software or machine-based, to autonomously make predictions, recommendations, or decisions that impact both real and virtual environments without the need for constant human guidance or intervention.

Sources

Author:

Juan D. Montoya

Juan D. Montoya

Economist and AI researcher.

Will Brokerage Clerks be replaced by AI & Robots?

Brokerage Clerks risk of being automated:

High

This job is highly likely to be substantially automated within the next 20 years, placing it in the upper quartile for automation probability among occupations.

Current Degree of Automation:

57
(1-100)

Source

Key findings

In the future, GenAI is poised to revolutionize the role of Brokerage Clerks.

AI will streamline tasks like data entry, market analysis, and regulatory compliance, boosting efficiency and accuracy.

It can assist in writing reports, analyzing trends, and managing schedules.

GenAI’s ability to generate text and multimedia content will enhance client communication.

It will handle routine tasks like number crunching and system optimization, freeing up time for critical thinking and decision-making.

As technology advances, Brokerage Clerks will rely on GenAI for data analysis, research, and continuous learning, transforming the nature of their work.

How could AI or automation replace or complement job activities?

AI and LLMs could automate tasks like digital data processing, information ordering, and document filing for Brokerage Clerks.

These technologies could also assist in monitoring daily stock prices and computing fluctuations.

For example, AI could analyze market trends and generate reports, freeing up clerks to focus on more complex customer interactions.

Job description

Performs tasks related to buying, selling, or holding securities. Tasks include writing orders for buying or selling stocks, calculating transfer taxes, confirming stock transactions, handling securities, monitoring stock price changes, calculating equity, distributing dividends, and maintaining records of daily transactions and holdings.

Consequence of Making Errors

54

(1-100)

Moderately serious Source
The seriousness of errors in brokerage clerks' jobs doesn't directly indicate automation potential; other factors matter more.

How Repetitive is the Job?

88

(1-100)

Extremely important Source
Brokerage clerks face automation risks due to their repetitive tasks. However, automation usually targets specific tasks, not entire roles, suggesting a future where clerks focus on more complex duties.
Average Anual salary USD$
$59,200
Number of profesionals in USA
6,000

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