Prime broker vs custody assistant

The differences between prime brokers and custody assistants 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 $32,013 average annual salary of a custody assistant.

The top three skills for a prime broker include hedge funds, securities and foreign exchange. The most important skills for a custody assistant are wet mops, light fixtures, and building floors.

Prime broker vs custody assistant overview

	Prime Broker	Custody Assistant
Yearly salary	$55,651	$32,013
Hourly rate	$26.76	$15.39
Growth rate	5%	4%
Number of jobs	1,808	8,066
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 89%	Bachelor's Degree, 36%
Average age	44	49
Years of experience	-	-

Prime broker vs custody assistant salary

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

	Prime Broker	Custody Assistant
Average salary	$55,651	$32,013
Salary range	Between $37,000 And $81,000	Between $25,000 And $40,000
Highest paying City	-	Pasadena, CA
Highest paying state	-	Alaska
Best paying company	-	University of Massachusetts Boston
Best paying industry	-	Government

Differences between prime broker and custody assistant education

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

	Prime Broker	Custody Assistant
Most common degree	Bachelor's Degree, 89%	Bachelor's Degree, 36%
Most common major	Finance	Business
Most common college	Massachusetts Institute of Technology	-

Prime broker vs custody assistant demographics

Here are the differences between prime brokers' and custody assistants' demographics:

	Prime Broker	Custody Assistant
Average age	44	49
Gender ratio	Male, 67.9% Female, 32.1%	Male, 65.3% Female, 34.7%
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, 10.7% Unknown, 4.3% Hispanic or Latino, 22.1% Asian, 4.5% White, 57.0% American Indian and Alaska Native, 1.4%
LGBT Percentage	11%	5%

Differences between prime broker and custody assistant 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.

Custody assistant example responsibilities.

Use of high power equipment including buffers and automatic scrubbers.
Empty and clean urinals and bedpans, and dirty linen hampers.
Clean and disinfect drinking fountains, sinks, toilets and urinals, clean mirrors, tiles and windows.
Perform mechanical repairs and services to plumbing, electrical, mechanical systems and large rotating equipment including refrigeration systems.
Mow and trim lawns and shrubbery, using mowers and hand and power trimmers, and clear debris from grounds.

Prime broker vs custody assistant skills

Common prime broker skills

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

Common custody assistant skills

Wet Mops, 19%
Light Fixtures, 17%
Building Floors, 12%
Cleans Rugs, 11%
Public Buildings, 11%
Office Floors, 8%