Margin clerk vs charge bookkeeper

The differences between margin clerks and charge 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 charge bookkeeper. Additionally, a charge bookkeeper has an average salary of $46,615, 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 charge bookkeeper are reconciliations, payroll tax returns, and balance sheet.

Margin clerk vs charge bookkeeper overview

	Margin Clerk	Charge Bookkeeper
Yearly salary	$33,158	$46,615
Hourly rate	$15.94	$22.41
Growth rate	-5%	-5%
Number of jobs	66,330	27,542
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 47%
Average age	51	51
Years of experience	6	6

Margin clerk vs charge bookkeeper salary

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

	Margin Clerk	Charge Bookkeeper
Average salary	$33,158	$46,615
Salary range	Between $26,000 And $40,000	Between $36,000 And $58,000
Highest paying City	-	Seattle, WA
Highest paying state	-	Alaska
Best paying company	-	The Carney Group
Best paying industry	-	Construction

Differences between margin clerk and charge bookkeeper education

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

	Margin Clerk	Charge Bookkeeper
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 47%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Margin clerk vs charge bookkeeper demographics

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

	Margin Clerk	Charge Bookkeeper
Average age	51	51
Gender ratio	Male, 59.8% Female, 40.2%	Male, 13.9% Female, 86.1%
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, 67.3% American Indian and Alaska Native, 0.6%
LGBT Percentage	7%	7%

Differences between margin clerk and charge 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.

Charge bookkeeper example responsibilities.

Accomplish annual workers comp and business liability audits.
Manage AR, prepare deposits and perform basic receptionist/customer service tasks in office.
Handle monthly account reconciliations and oversee and are responsible for quarterly financial reporting to company CPA.
Perform a variety of diversify responsibilities including: account management, reconciliations, generating checks, preparing bank deposits.
Handle A/P, A/R, G/L, F/S, P/R, reconcile bank statement and customer relations.
Support internal, external, and SOX audits.

Margin clerk vs charge bookkeeper skills

Common margin clerk skills

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

Common charge bookkeeper skills

Reconciliations, 17%
Payroll Tax Returns, 10%
Balance Sheet, 5%
Fixed Assets, 5%
Excellent Organizational, 5%
General Ledger Accounts, 4%