Prime broker vs custodian

The differences between prime brokers and custodians can be seen in a few details. Each job has different responsibilities and duties. Additionally, a prime broker has an average salary of $55,651, which is higher than the $30,176 average annual salary of a custodian.

The top three skills for a prime broker include hedge funds, securities and foreign exchange. The most important skills for a custodian are cleanliness, work ethic, and customer service.

Prime broker vs custodian overview

	Prime Broker	Custodian
Yearly salary	$55,651	$30,176
Hourly rate	$26.76	$14.51
Growth rate	5%	4%
Number of jobs	1,808	47,364
Job satisfaction	-	4
Most common degree	Bachelor's Degree, 89%	High School Diploma, 48%
Average age	44	49
Years of experience	-	-

Prime broker vs custodian salary

Prime brokers and custodians have different pay scales, as shown below.

	Prime Broker	Custodian
Average salary	$55,651	$30,176
Salary range	Between $37,000 And $81,000	Between $23,000 And $39,000
Highest paying City	-	San Jose, CA
Highest paying state	-	Massachusetts
Best paying company	-	Los Alamos National Laboratory
Best paying industry	-	Education

Differences between prime broker and custodian education

There are a few differences between a prime broker and a custodian in terms of educational background:

	Prime Broker	Custodian
Most common degree	Bachelor's Degree, 89%	High School Diploma, 48%
Most common major	Finance	Business
Most common college	Massachusetts Institute of Technology	-

Prime broker vs custodian demographics

Here are the differences between prime brokers' and custodians' demographics:

	Prime Broker	Custodian
Average age	44	49
Gender ratio	Male, 67.9% Female, 32.1%	Male, 64.4% Female, 35.6%
Race ratio	Black or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4%	Black or African American, 10.4% Unknown, 4.1% Hispanic or Latino, 24.1% Asian, 5.0% White, 55.0% American Indian and Alaska Native, 1.3%
LGBT Percentage	11%	5%

Differences between prime broker and custodian duties and responsibilities

Prime broker example responsibilities.

Execute give-up transactions and manage bank risk through hedging tools - including swaps, futures, and options.
Manage all office relate matters to include accounting, international traffic and logistics.
Monitor settlement of fix income and equity income securities resulting from corporate activity.
Experience with all DTC applications, i.e.
Reduce margin buy-in on trades for greater capital efficiency.
Monitor receipt of variation margin by working with the back office.

Custodian example responsibilities.

Operate janitorial equipment including: vacuum cleaners, floor scrubbers, carpet cleaners, presser washers, leaf blowers, etc.
Fill in for custodians when they need off, clean schools, mow grass, salt lots.
Rake leaves, cut and water grass.
Clean windows, glass partitions, or mirrors, with sponges, or squeegees.
Strip and wax floors, clean windows, replace burnt-out light bulbs and ballasts.
Clean and perform preventative maintenance on all mechanical equipment (HVAC & ventilation systems).

Prime broker vs custodian skills

Common prime broker skills

Hedge Funds, 16%
Securities, 14%
Foreign Exchange, 14%
Margin, 12%
DTC, 10%
Fixed Income, 9%

Common custodian skills

Cleanliness, 13%
Work Ethic, 8%
Customer Service, 6%
Building Floors, 6%
Minor Maintenance, 5%
Ladders, 3%