Margin clerk vs audit clerk

The differences between margin clerks and audit 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 audit clerk. Additionally, an audit clerk has an average salary of $39,465, 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 audit clerk are reservations, night audit, and debit.

Margin clerk vs audit clerk overview

	Margin Clerk	Audit Clerk
Yearly salary	$33,158	$39,465
Hourly rate	$15.94	$18.97
Growth rate	-5%	-5%
Number of jobs	66,330	97,427
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 40%
Average age	51	51
Years of experience	6	6

Margin clerk vs audit clerk salary

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

	Margin Clerk	Audit Clerk
Average salary	$33,158	$39,465
Salary range	Between $26,000 And $40,000	Between $30,000 And $51,000
Highest paying City	-	Brentwood, NY
Highest paying state	-	New Jersey
Best paying company	-	Vermont Gas Systems
Best paying industry	-	Transportation

Differences between margin clerk and audit clerk education

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

	Margin Clerk	Audit Clerk
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 40%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Margin clerk vs audit clerk demographics

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

	Margin Clerk	Audit Clerk
Average age	51	51
Gender ratio	Male, 59.8% Female, 40.2%	Male, 24.5% Female, 75.5%
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, 6.8% Unknown, 4.0% Hispanic or Latino, 14.4% Asian, 6.5% White, 67.7% American Indian and Alaska Native, 0.6%
LGBT Percentage	7%	7%

Differences between margin clerk and audit 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.

Audit clerk example responsibilities.

Manage multiple deadlines for numerous payroll divisions and complex division budget reports with accurately and efficiently.
Manage resident's private information for insurance verification, billing, and eligibility to apply for Medicaid.
Contact members to update information using AS400.
Create PowerPoint presentations for all new processes being implement.
Work closely with KIVA robotic systems and AS400 tracking systems.
Open, sort and batching of incoming mails utilizing Opex machine.

Margin clerk vs audit clerk skills

Common margin clerk skills

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

Common audit clerk skills

Reservations, 23%
Night Audit, 16%
Debit, 12%
Audit Reports, 11%
Front Desk, 6%
Data Entry, 6%