Margin clerk vs clerk

The differences between margin clerks and clerks can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a margin clerk, becoming a clerk takes usually requires 1-2 years. Additionally, a margin clerk has an average salary of $33,158, which is higher than the $31,163 average annual salary of a clerk.

The top three skills for a margin clerk include margin, client accounts and NYSE. The most important skills for a clerk are basic math, math, and data entry.

Margin clerk vs clerk overview

	Margin Clerk	Clerk
Yearly salary	$33,158	$31,163
Hourly rate	$15.94	$14.98
Growth rate	-5%	-5%
Number of jobs	66,330	80,311
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 33%
Average age	51	47
Years of experience	6	2

Margin clerk vs clerk salary

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

	Margin Clerk	Clerk
Average salary	$33,158	$31,163
Salary range	Between $26,000 And $40,000	Between $24,000 And $39,000
Highest paying City	-	Washington, DC
Highest paying state	-	New Hampshire
Best paying company	-	University of Massachusetts Boston
Best paying industry	-	Health Care

Differences between margin clerk and clerk education

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

	Margin Clerk	Clerk
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 33%
Most common major	Business	Business
Most common college	University of Pennsylvania	Western Carolina University

Margin clerk vs clerk demographics

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

	Margin Clerk	Clerk
Average age	51	47
Gender ratio	Male, 59.8% Female, 40.2%	Male, 34.1% Female, 65.9%
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, 9.9% Unknown, 4.7% Hispanic or Latino, 21.1% Asian, 7.7% White, 55.6% American Indian and Alaska Native, 1.1%
LGBT Percentage	7%	6%

Differences between margin clerk and 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.

Clerk example responsibilities.

Demonstrate strong math skills in managing inmate s accounts and calmly and effectively deescalating outbursts of belligerent inmates.
Manage orthopedic accounts regarding payment posting through IDX medical systems.
Administer financial bookkeeping by way of QuickBooks.
Bank reconciliation in QuickBooks and assist bookkeeper when need.
Maintain a high level of confidentiality as required by HIPAA.
Call DMV's and dealerships when liens are not perfect.

Margin clerk vs clerk skills

Common margin clerk skills

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

Common clerk skills

Basic Math, 18%
Math, 10%
Data Entry, 10%
Customer Service, 9%
Cleanliness, 8%
POS, 5%