Foreign exchange clerk vs collection teller

The differences between foreign exchange clerks and collection tellers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a foreign exchange clerk has an average salary of $92,420, which is higher than the $31,959 average annual salary of a collection teller.

The top three skills for a foreign exchange clerk include foreign exchange transactions, foreign currency and currency positions. The most important skills for a collection teller are customer service, financial products, and travelers checks.

Foreign exchange clerk vs collection teller overview

	Foreign Exchange Clerk	Collection Teller
Yearly salary	$92,420	$31,959
Hourly rate	$44.43	$15.36
Growth rate	-12%	-12%
Number of jobs	66,986	11,728
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 56%	Bachelor's Degree, 33%
Average age	39	39
Years of experience	-	-

Foreign exchange clerk vs collection teller salary

Foreign exchange clerks and collection tellers have different pay scales, as shown below.

	Foreign Exchange Clerk	Collection Teller
Average salary	$92,420	$31,959
Salary range	Between $43,000 And $195,000	Between $26,000 And $39,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between foreign exchange clerk and collection teller education

There are a few differences between a foreign exchange clerk and a collection teller in terms of educational background:

	Foreign Exchange Clerk	Collection Teller
Most common degree	Bachelor's Degree, 56%	Bachelor's Degree, 33%
Most common major	Business	Business
Most common college	-	-

Foreign exchange clerk vs collection teller demographics

Here are the differences between foreign exchange clerks' and collection tellers' demographics:

	Foreign Exchange Clerk	Collection Teller
Average age	39	39
Gender ratio	Male, 41.3% Female, 58.7%	Male, 15.0% Female, 85.0%
Race ratio	Black or African American, 10.1% Unknown, 3.2% Hispanic or Latino, 20.5% Asian, 7.4% White, 58.2% American Indian and Alaska Native, 0.6%	Black or African American, 8.7% Unknown, 3.1% Hispanic or Latino, 24.2% Asian, 6.7% White, 56.6% American Indian and Alaska Native, 0.6%
LGBT Percentage	7%	7%

Differences between foreign exchange clerk and collection teller duties and responsibilities

Foreign exchange clerk example responsibilities.

Generate price discovery and execute desired positions across various products including volatility views through straddles and variance swaps.
Generate price discovery and execute desired positions across various products including volatility views through straddles and variance swaps.

Collection teller example responsibilities.

Calculate gross revenue by location and managing the data in AS400.
Post payments online (AS400).
Type and process Hud-1 forms, applications, and debt-to-income ratio forms.
Assist in processing department in Atm deposits, and encoding of checks, and balancing of branch debits and credits.
Analyze customer's needs, determine appropriate products and services and uncover additional cross-selling opportunities with existing and prospective clients.
Interpret and accurately process customer requests and transactions according to TCF guidelines.

Foreign exchange clerk vs collection teller skills

Common foreign exchange clerk skills

Foreign Exchange Transactions, 57%
Foreign Currency, 24%
Currency Positions, 11%
Check Accuracy, 9%

Common collection teller skills

Customer Service, 32%
Financial Products, 11%
Travelers Checks, 10%
Delinquent Accounts, 8%
Payment Arrangements, 4%
Wire Transfers, 4%

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Foreign Exchange Clerk
Foreign Exchange Clerk vs Collection Teller

Updated January 8, 2025

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