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The differences between options traders and cash accountants can be seen in a few details. Each job has different responsibilities and duties. Additionally, an options trader has an average salary of $110,139, which is higher than the $57,971 average annual salary of a cash accountant.
The top three skills for an options trader include FX, stock options and equities. The most important skills for a cash accountant are reconciliations, cash management, and general ledger accounts.
| Options Trader | Cash Accountant | |
| Yearly salary | $110,139 | $57,971 |
| Hourly rate | $52.95 | $27.87 |
| Growth rate | 10% | 6% |
| Number of jobs | 1,433 | 40,765 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 82% | Bachelor's Degree, 69% |
| Average age | 43 | 44 |
| Years of experience | - | 4 |
Options traders are financial experts who work for large investment banks or private hedge fund companies to buy and sell stock options as well as manage complex capital investments for clients. These traders are required to create options contracts and develop forecasting models so that they can determine the optimal price to buy an option to maximize profit and minimize risk. They must assist head traders with client services to allow more trading revenue production. Options traders must also employ risk management strategies to minimize portfolio risk and increase their volume in trading.
Cash accountants are accounting professionals who are responsible for recording revenues and expenses during the period when cash is received and paid, respectively. These accountants are required to prepare journal entries and perform cash account reconciliations to balance bank and book balances during month-end closing activities. They must prepare all bank deposits and generate financial and payroll reports that are submitted to the operational and executive management team. Cash accountants must also provide analysis and resolution about the discrepancies in the bank and general ledger entries to internal departments and bank representatives.
Options traders and cash accountants have different pay scales, as shown below.
| Options Trader | Cash Accountant | |
| Average salary | $110,139 | $57,971 |
| Salary range | Between $65,000 And $185,000 | Between $44,000 And $76,000 |
| Highest paying City | New York, NY | - |
| Highest paying state | New York | - |
| Best paying company | The Citadel | - |
| Best paying industry | Finance | - |
There are a few differences between an options trader and a cash accountant in terms of educational background:
| Options Trader | Cash Accountant | |
| Most common degree | Bachelor's Degree, 82% | Bachelor's Degree, 69% |
| Most common major | Finance | Accounting |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between options traders' and cash accountants' demographics:
| Options Trader | Cash Accountant | |
| Average age | 43 | 44 |
| Gender ratio | Male, 90.8% Female, 9.2% | Male, 31.2% Female, 68.8% |
| Race ratio | Black or African American, 5.4% Unknown, 4.1% Hispanic or Latino, 11.3% Asian, 12.2% White, 66.7% American Indian and Alaska Native, 0.2% | Black or African American, 8.6% Unknown, 4.0% Hispanic or Latino, 11.0% Asian, 12.2% White, 63.8% American Indian and Alaska Native, 0.5% |
| LGBT Percentage | 6% | 7% |