Margin clerk vs accounting clerk

The differences between margin clerks and accounting 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 accounting clerk. Additionally, an accounting clerk has an average salary of $38,683, 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 accounting clerk are data entry, customer service, and purchase orders.

Margin clerk vs accounting clerk overview

	Margin Clerk	Accounting Clerk
Yearly salary	$33,158	$38,683
Hourly rate	$15.94	$18.60
Growth rate	-5%	-5%
Number of jobs	66,330	106,969
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 49%
Average age	51	51
Years of experience	6	6

Margin clerk vs accounting clerk salary

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

	Margin Clerk	Accounting Clerk
Average salary	$33,158	$38,683
Salary range	Between $26,000 And $40,000	Between $29,000 And $51,000
Highest paying City	-	Washington, DC
Highest paying state	-	New York
Best paying company	-	Wilson Elser Moskowitz Edelman & Dicker Llp
Best paying industry	-	Government

Differences between margin clerk and accounting clerk education

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

	Margin Clerk	Accounting Clerk
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 49%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Margin clerk vs accounting clerk demographics

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

	Margin Clerk	Accounting Clerk
Average age	51	51
Gender ratio	Male, 59.8% Female, 40.2%	Male, 20.0% Female, 80.0%
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, 6.9% Unknown, 4.0% Hispanic or Latino, 14.6% Asian, 6.6% White, 67.2% American Indian and Alaska Native, 0.6%
LGBT Percentage	7%	7%

Differences between margin clerk and accounting 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.

Accounting clerk example responsibilities.

Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
Perform balance sheet reconciliations and resolve open items by notifying employees and vendors of transaction discrepancies.
Assist in monthly financial close process by analyzing preliminary departmental expense reports and making necessary adjustments and accruals.
Develop a spreadsheet that pulls all data relate to project hours by operation from the ERP system.
Process all incoming payments receive via ACH, EFT, or the web; ensure accounts are accurately balance and reconcile.
Digitize proof of delivery receipts into ERP system (AS400) serving as an easy backup for employees to verify occurrence.

Margin clerk vs accounting clerk skills

Common margin clerk skills

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

Common accounting clerk skills

Data Entry, 15%
Customer Service, 10%
Purchase Orders, 9%
Reconciliations, 6%
Vendor Invoices, 6%
QuickBooks, 3%