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The differences between market makers and specialists can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a market maker, becoming a specialist takes usually requires 1-2 years. Additionally, a market maker has an average salary of $108,335, which is higher than the $58,013 average annual salary of a specialist.
The top three skills for a market maker include equity options, portfolio risk and NASD. The most important skills for a specialist are patients, customer service, and work ethic.
| Market Maker | Specialist | |
| Yearly salary | $108,335 | $58,013 |
| Hourly rate | $52.08 | $27.89 |
| Growth rate | 10% | 10% |
| Number of jobs | 17,618 | 358,433 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 87% | Bachelor's Degree, 49% |
| Average age | 43 | 42 |
| Years of experience | 6 | 2 |
Market makers and specialists have different pay scales, as shown below.
| Market Maker | Specialist | |
| Average salary | $108,335 | $58,013 |
| Salary range | Between $62,000 And $188,000 | Between $32,000 And $104,000 |
| Highest paying City | - | Jersey City, NJ |
| Highest paying state | - | New Jersey |
| Best paying company | - | The Citadel |
| Best paying industry | - | - |
There are a few differences between a market maker and a specialist in terms of educational background:
| Market Maker | Specialist | |
| Most common degree | Bachelor's Degree, 87% | Bachelor's Degree, 49% |
| Most common major | Finance | Business |
| Most common college | University of Pennsylvania | Stanford University |
Here are the differences between market makers' and specialists' demographics:
| Market Maker | Specialist | |
| Average age | 43 | 42 |
| Gender ratio | Male, 92.1% Female, 7.9% | Male, 47.5% Female, 52.5% |
| Race ratio | Black or African American, 5.7% Unknown, 4.1% Hispanic or Latino, 12.1% Asian, 9.9% White, 67.9% American Indian and Alaska Native, 0.2% | Black or African American, 11.4% Unknown, 5.4% Hispanic or Latino, 16.4% Asian, 10.5% White, 55.9% American Indian and Alaska Native, 0.4% |
| LGBT Percentage | 6% | 11% |