Clarke admitted that having spent so long working his way up to become a full manager, it would be silly to look for a move so soon.
"At the moment, this one is the best one for me," Clarke told reporters. "This is the one I've waited a long time for. I've served a big apprenticeship to be here and be the guy who makes the final decisions. Right now, I'm really comfortable and happy in this job.
"I need to work. I won't stay out of the game just because I want to be my own man. Other opportunities could present themselves in the future - nobody knows what's going to happen."
Clarke's West Brom host Newcastle United on Saturday afternoon.