Customs house broker vs prime broker

The differences between customs house brokers 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 $49,839 average annual salary of a customs house broker.

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

Customs house broker vs prime broker overview

	Customs House Broker	Prime Broker
Yearly salary	$49,839	$55,651
Hourly rate	$23.96	$26.76
Growth rate	-	5%
Number of jobs	25,645	1,808
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 47%	Bachelor's Degree, 89%
Average age	44	44
Years of experience	-	-

Customs house broker vs prime broker salary

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

	Customs House Broker	Prime Broker
Average salary	$49,839	$55,651
Salary range	Between $31,000 And $78,000	Between $37,000 And $81,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between customs house broker and prime broker education

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

	Customs House Broker	Prime Broker
Most common degree	Bachelor's Degree, 47%	Bachelor's Degree, 89%
Most common major	Business	Finance
Most common college	University of Pennsylvania	Massachusetts Institute of Technology

Customs house broker vs prime broker demographics

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

	Customs House Broker	Prime Broker
Average age	44	44
Gender ratio	Male, 50.4% Female, 49.6%	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 house broker and prime broker duties and responsibilities

Customs house broker example responsibilities.

Manage all office relate matters to include accounting, international traffic and logistics.
Interpret & respond to all CBP or PGAs inquires.
Follow FDA procedures on specific entries.
Collect and enter data require for custom clearance through computerize ABI accurately and timely.
Used AS400, tariff books and TSCA.

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 house broker vs prime broker skills

Common customs house broker skills

Customer Service, 32%
Data Entry, 21%
US Customs, 9%
FDA, 8%
Customer Inquiries, 7%
Government Agencies, 5%

Common prime broker skills

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