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Margin clerk vs accounts payable clerk

The differences between margin clerks and accounts payable 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 accounts payable clerk. Additionally, an accounts payable clerk has an average salary of $38,333, 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 accounts payable clerk are customer service, data entry, and purchase orders.

Margin clerk vs accounts payable clerk overview

Margin ClerkAccounts Payable Clerk
Yearly salary$33,158$38,333
Hourly rate$15.94$18.43
Growth rate-5%-5%
Number of jobs66,33089,564
Job satisfaction--
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 46%
Average age5151
Years of experience66

Margin clerk vs accounts payable clerk salary

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

Margin ClerkAccounts Payable Clerk
Average salary$33,158$38,333
Salary rangeBetween $26,000 And $40,000Between $30,000 And $48,000
Highest paying City-Washington, DC
Highest paying state-Massachusetts
Best paying company-Jane Street
Best paying industry-Technology

Differences between margin clerk and accounts payable clerk education

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

Margin ClerkAccounts Payable Clerk
Most common degreeBachelor's Degree, 75%Bachelor's Degree, 46%
Most common majorBusinessAccounting
Most common collegeUniversity of PennsylvaniaUniversity of Pennsylvania

Margin clerk vs accounts payable clerk demographics

Here are the differences between margin clerks' and accounts payable clerks' demographics:

Margin ClerkAccounts Payable Clerk
Average age5151
Gender ratioMale, 59.8% Female, 40.2%Male, 17.2% Female, 82.8%
Race ratioBlack 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, 14.7% Asian, 6.6% White, 67.2% American Indian and Alaska Native, 0.6%
LGBT Percentage7%7%

Differences between margin clerk and accounts payable 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.
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Accounts payable clerk example responsibilities.

  • Manage revenue ledger including other subsidiary ledgers and responsible for the reconciliation of various income accounts to ensure accuracy of postings.
  • Match, code, and process vendor payments via MAS90 accounting system - including check runs and ACH payments.
  • Perform duties in compliance with GAAP, company and department policies and procedures, internal controls, and Sarbanes-Oxley requirements.
  • Process division payroll in coordination with ADP payroll systems for semi-monthly and weekly union contract employees.
  • Scan and store documents daily, retrieve W2 and W9 information along with service provider agreements when or if need.
  • Print, review, research, edit, code and batch invoices for processing via the various ERP financial systems.
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Margin clerk vs accounts payable clerk skills

Common margin clerk skills
  • Margin, 51%
  • Client Accounts, 17%
  • NYSE, 9%
  • Securities, 8%
  • Wire Transfers, 7%
  • Stock Exchange, 4%
Common accounts payable clerk skills
  • Customer Service, 13%
  • Data Entry, 10%
  • Purchase Orders, 8%
  • Expense Reports, 6%
  • Vendor Invoices, 6%
  • Vendor Statements, 5%

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Updated January 8, 2025

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