Licensed customs broker vs prime broker

The differences between licensed customs 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 $52,452 average annual salary of a licensed customs broker.

The top three skills for a licensed customs broker include customs compliance, customs brokers and government agencies. The most important skills for a prime broker are hedge funds, securities, and foreign exchange.

Licensed customs broker vs prime broker overview

	Licensed Customs Broker	Prime Broker
Yearly salary	$52,452	$55,651
Hourly rate	$25.22	$26.76
Growth rate	5%	5%
Number of jobs	12,783	1,808
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 89%
Average age	44	44
Years of experience	-	-

Licensed customs broker vs prime broker salary

Licensed customs brokers and prime brokers have different pay scales, as shown below.

	Licensed Customs Broker	Prime Broker
Average salary	$52,452	$55,651
Salary range	Between $34,000 And $78,000	Between $37,000 And $81,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between licensed customs broker and prime broker education

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

	Licensed Customs Broker	Prime Broker
Most common degree	Bachelor's Degree, 64%	Bachelor's Degree, 89%
Most common major	Business	Finance
Most common college	Stanford University	Massachusetts Institute of Technology

Licensed customs broker vs prime broker demographics

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

	Licensed Customs Broker	Prime Broker
Average age	44	44
Gender ratio	Male, 54.2% Female, 45.8%	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 licensed customs broker and prime broker duties and responsibilities

Licensed customs broker example responsibilities.

Manage all office relate matters to include accounting, international traffic and logistics.
Solicit profitable freight brokerage business by marketing transportation capability via direct sales calls, telephone and direct mail marketing activity.
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.

Licensed customs broker vs prime broker skills

Common licensed customs broker skills

Customs Compliance, 10%
Customs Brokers, 8%
Government Agencies, 7%
FDA, 5%
CBP, 5%
Customs Entries, 5%

Common prime broker skills

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