Margin clerk vs finance coordinator

The differences between margin clerks and finance coordinators 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 coordinator. Additionally, a finance coordinator has an average salary of $49,358, 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 coordinator are patients, customer service, and payroll.

Margin clerk vs finance coordinator overview

	Margin Clerk	Finance Coordinator
Yearly salary	$33,158	$49,358
Hourly rate	$15.94	$23.73
Growth rate	-5%	-5%
Number of jobs	66,330	106,187
Job satisfaction	-	5
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 58%
Average age	51	51
Years of experience	6	6

Margin clerk vs finance coordinator salary

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

	Margin Clerk	Finance Coordinator
Average salary	$33,158	$49,358
Salary range	Between $26,000 And $40,000	Between $34,000 And $71,000
Highest paying City	-	Washington, DC
Highest paying state	-	Maryland
Best paying company	-	McKinsey & Company Inc
Best paying industry	-	Professional

Differences between margin clerk and finance coordinator education

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

	Margin Clerk	Finance Coordinator
Most common degree	Bachelor's Degree, 75%	Bachelor's Degree, 58%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Margin clerk vs finance coordinator demographics

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

	Margin Clerk	Finance Coordinator
Average age	51	51
Gender ratio	Male, 59.8% Female, 40.2%	Male, 22.1% Female, 77.9%
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, 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 finance coordinator 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 coordinator example responsibilities.

Manage patient and insurance account receivables, perform patient account reconciliations, account audits, process insurance billing/correspondence.
Construct posts featuring highlights of past events on Facebook.
Enter EOB payments and denials and perform follow up with insurance company on denials.
Create promotional flyers for annual concerts and fundraisers which are posted through via Facebook and local areas.
Review and process EOB's daily, entering comments into the bill comment log as to status of follow up.
Produce basic PowerPoint presentation materials, including graphical renderings for illustration.

Margin clerk vs finance coordinator skills

Common margin clerk skills

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

Common finance coordinator skills

Patients, 21%
Customer Service, 11%
Payroll, 5%
Reconciliations, 4%
Data Entry, 3%
Insurance Benefits, 3%