Margin clerk vs bookkeeper

The differences between margin clerks and bookkeepers 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 a bookkeeper. Additionally, a bookkeeper has an average salary of $40,337, 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 a bookkeeper are payroll tax returns, customer service, and reconciliations.

Margin clerk vs bookkeeper overview

	Margin Clerk	Bookkeeper
Yearly salary	$33,158	$40,337
Hourly rate	$15.94	$19.39
Growth rate	-5%	-5%
Number of jobs	66,330	38,481
Job satisfaction	-	5
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 46%
Average age	51	51
Years of experience	6	6

Margin clerk vs bookkeeper salary

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

	Margin Clerk	Bookkeeper
Average salary	$33,158	$40,337
Salary range	Between $26,000 And $40,000	Between $30,000 And $52,000
Highest paying City	-	Washington, DC
Highest paying state	-	New York
Best paying company	-	NTT Data International L.L.C.
Best paying industry	-	Manufacturing

Differences between margin clerk and bookkeeper education

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

	Margin Clerk	Bookkeeper
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 46%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Margin clerk vs bookkeeper demographics

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

	Margin Clerk	Bookkeeper
Average age	51	51
Gender ratio	Male, 59.8% Female, 40.2%	Male, 15.4% Female, 84.6%
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, 6.6% White, 67.6% American Indian and Alaska Native, 0.6%
LGBT Percentage	7%	7%

Differences between margin clerk and bookkeeper 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.

Bookkeeper example responsibilities.

Manage AR, prepare deposits and perform basic receptionist/customer service tasks in office.
Perform journal entries, balance ledger, perform bank reconciliations, control inventory, coordinate proper guest accommodation.
Post and update of daily sales and purchases into QuickBooks system.
Execute monthly collection of Medicaid surplus funds from clients on a monthly basis.
Post resident receipts, Medicaid remittance, and process adjusting entries to the A/R detail.
Work closely with QC personnel for the planning of tooling and the flow process of PWB's.

Margin clerk vs bookkeeper skills

Common margin clerk skills

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

Common bookkeeper skills

Payroll Tax Returns, 12%
Customer Service, 10%
Reconciliations, 10%
Data Entry, 7%
Journal Entries, 5%
Financial Transactions, 4%