Margin clerk vs accountable clerk

The differences between margin clerks and accountable clerks can be seen in a few details. Each job has different responsibilities and duties. It typically takes 4-6 years to become both a margin clerk and an accountable clerk. Additionally, an accountable clerk has an average salary of $38,120, which is higher than the $33,158 average annual salary of a margin clerk.

The top three skills for a margin clerk include margin, client accounts and NYSE. The most important skills for an accountable clerk are data entry, financial reports, and purchase orders.

Margin clerk vs accountable clerk overview

	Margin Clerk	Accountable Clerk
Yearly salary	$33,158	$38,120
Hourly rate	$15.94	$18.33
Growth rate	-5%	-5%
Number of jobs	66,330	81,209
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 41%
Average age	51	51
Years of experience	6	6

Margin clerk vs accountable clerk salary

Margin clerks and accountable clerks have different pay scales, as shown below.

	Margin Clerk	Accountable Clerk
Average salary	$33,158	$38,120
Salary range	Between $26,000 And $40,000	Between $29,000 And $49,000
Highest paying City	-	New Haven, CT
Highest paying state	-	Massachusetts
Best paying company	-	Wayne County, Michigan
Best paying industry	-	Government

Differences between margin clerk and accountable clerk education

There are a few differences between a margin clerk and an accountable clerk in terms of educational background:

	Margin Clerk	Accountable Clerk
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 41%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Margin clerk vs accountable clerk demographics

Here are the differences between margin clerks' and accountable clerks' demographics:

	Margin Clerk	Accountable Clerk
Average age	51	51
Gender ratio	Male, 59.8% Female, 40.2%	Male, 19.1% Female, 80.9%
Race ratio	Black or African American, 7.1% Unknown, 4.0% Hispanic or Latino, 15.0% Asian, 5.0% White, 68.2% American Indian and Alaska Native, 0.6%	Black or African American, 6.7% Unknown, 4.0% Hispanic or Latino, 14.2% Asian, 6.5% White, 68.0% American Indian and Alaska Native, 0.6%
LGBT Percentage	7%	7%

Differences between margin clerk and accountable clerk duties and responsibilities

Margin clerk example responsibilities.

Manage multiple deadlines for numerous payroll divisions and complex division budget reports with accurately and efficiently.
Evaluate whether NYSE rules are violated.
Maintain all records of securities that are due and are paid for by the due dates.
Monitor institutional DVP (delivery versus payment) accounts for trade accuracy, timely settlements, and problem resolutions.
Authorize and aid in the delivery of various securities between firm brokers, customer accounts, and other brokerage firms.
Maintain and provide timely and accurate reconciliations of various general ledger accounts and perform special projects as assigned.

Accountable clerk example responsibilities.

Manage the accurate and timely processing of AP invoices for multiple companies.
Manage resident's private information for insurance verification, billing, and eligibility to apply for Medicaid.
Scan incoming A/P, A/R, bank statements, mail, etc.
Review AR aging to ensure compliance.
Process, distribute, and maintain AR invoices.
Review and handle in-clearing reject items (ACH and checks) and process check adjustments.

Margin clerk vs accountable clerk skills

Common margin clerk skills

Margin, 51%
Client Accounts, 17%
NYSE, 9%
Securities, 8%
Wire Transfers, 7%
Stock Exchange, 4%

Common accountable clerk skills

Data Entry, 11%
Financial Reports, 10%
Purchase Orders, 8%
Customer Service, 8%
Process Payroll, 8%
Office Equipment, 4%