Customs brokerage agent vs prime broker

The differences between customs brokerage agents and prime brokers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a prime broker has an average salary of $55,651, which is higher than the $48,655 average annual salary of a customs brokerage agent.

The top three skills for a customs brokerage agent include customer service, data entry and government agencies. The most important skills for a prime broker are hedge funds, securities, and foreign exchange.

Customs brokerage agent vs prime broker overview

	Customs Brokerage Agent	Prime Broker
Yearly salary	$48,655	$55,651
Hourly rate	$23.39	$26.76
Growth rate	-	5%
Number of jobs	26,103	1,808
Job satisfaction	3	-
Most common degree	Bachelor's Degree, 61%	Bachelor's Degree, 89%
Average age	44	44
Years of experience	-	-

Customs brokerage agent vs prime broker salary

Customs brokerage agents and prime brokers have different pay scales, as shown below.

	Customs Brokerage Agent	Prime Broker
Average salary	$48,655	$55,651
Salary range	Between $31,000 And $74,000	Between $37,000 And $81,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between customs brokerage agent and prime broker education

There are a few differences between a customs brokerage agent and a prime broker in terms of educational background:

	Customs Brokerage Agent	Prime Broker
Most common degree	Bachelor's Degree, 61%	Bachelor's Degree, 89%
Most common major	Business	Finance
Most common college	Stanford University	Massachusetts Institute of Technology

Customs brokerage agent vs prime broker demographics

Here are the differences between customs brokerage agents' and prime brokers' demographics:

	Customs Brokerage Agent	Prime Broker
Average age	44	44
Gender ratio	Male, 43.8% Female, 56.3%	Male, 67.9% Female, 32.1%
Race ratio	Black or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4%	Black or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4%
LGBT Percentage	11%	11%

Differences between customs brokerage agent and prime broker duties and responsibilities

Customs brokerage agent example responsibilities.

Manage all office relate matters to include accounting, international traffic and logistics.
Classify merchandise accordingly to U.S. Customs guidelines for importation (FDA, OGA, HTS, & ABI).
Process all entries via ABI so that all CBP and other government agency requirements are fulfilled.
Comply and provide all require information for FDA entries.
Provide support to analysts and agents with service providers (transportation, broker, forwarders).
Provide daily support to import manager and supervisor by presenting daily statements to CBP for duties paid.

Prime broker example responsibilities.

Execute give-up transactions and manage bank risk through hedging tools - including swaps, futures, and options.
Manage all office relate matters to include accounting, international traffic and logistics.
Monitor settlement of fix income and equity income securities resulting from corporate activity.
Experience with all DTC applications, i.e.
Reduce margin buy-in on trades for greater capital efficiency.
Monitor receipt of variation margin by working with the back office.

Customs brokerage agent vs prime broker skills

Common customs brokerage agent skills

Customer Service, 43%
Data Entry, 30%
Government Agencies, 7%
Entry Processing, 3%
US Customs, 3%
Customs Regulations, 3%

Common prime broker skills

Hedge Funds, 16%
Securities, 14%
Foreign Exchange, 14%
Margin, 12%
DTC, 10%
Fixed Income, 9%