Margin clerk vs finance clerk

The differences between margin clerks and finance 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 a finance clerk. Additionally, a finance clerk has an average salary of $39,225, 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 finance clerk are data entry, purchase orders, and HR.

Margin clerk vs finance clerk overview

	Margin Clerk	Finance Clerk
Yearly salary	$33,158	$39,225
Hourly rate	$15.94	$18.86
Growth rate	-5%	-5%
Number of jobs	66,330	143,372
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 44%
Average age	51	51
Years of experience	6	6

Margin clerk vs finance clerk salary

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

	Margin Clerk	Finance Clerk
Average salary	$33,158	$39,225
Salary range	Between $26,000 And $40,000	Between $27,000 And $56,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	United States Courts
Best paying industry	-	Government

Differences between margin clerk and finance clerk education

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

	Margin Clerk	Finance Clerk
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 44%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Margin clerk vs finance clerk demographics

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

	Margin Clerk	Finance Clerk
Average age	51	51
Gender ratio	Male, 59.8% Female, 40.2%	Male, 26.2% Female, 73.8%
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, 14.7% Asian, 6.6% White, 67.2% American Indian and Alaska Native, 0.6%
LGBT Percentage	7%	7%

Differences between margin clerk and finance 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.

Finance clerk example responsibilities.

Manage resident's private information for insurance verification, billing, and eligibility to apply for Medicaid.
Collaborate with insurance company representatives, case managers and physicians to obtain treatment authorization for potential kidney and kidney/pancreas transplant patients.
Write checks in the QuickBooks software to vendors and to reimburse employees.
Establish customer files in QuickBooks, write and test work instructions for clients, log and close complete files.
Produce PowerPoint presentations in order to brief the command team of the on goings within the company.
Used an automate information system (PeopleSoft) to edit, modify, and verify customers personal and payment information.

Margin clerk vs finance clerk skills

Common margin clerk skills

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

Common finance clerk skills

Data Entry, 16%
Purchase Orders, 9%
HR, 5%
Bank Statements, 5%
Bank Deposits, 5%
Credit Card, 4%