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Trading assistant vs management assistant

The differences between trading assistants and management assistants can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both a trading assistant and a management assistant. Additionally, a trading assistant has an average salary of $101,645, which is higher than the $44,020 average annual salary of a management assistant.

The top three skills for a trading assistant include trade shows, P/L and securities. The most important skills for a management assistant are patients, word processing, and customer satisfaction.

Trading assistant vs management assistant overview

Trading AssistantManagement Assistant
Yearly salary$101,645$44,020
Hourly rate$48.87$21.16
Growth rate-8%-8%
Number of jobs26,872107,324
Job satisfaction--
Most common degreeBachelor's Degree, 78%Bachelor's Degree, 68%
Average age5050
Years of experience22

What does a trading assistant do?

A trading assistant is primarily in charge of performing support tasks for traders and participate in securing sales for a company. Their responsibilities typically revolve around liaising with clients through calls and correspondence to offer products and services, discussing specifications, negotiating billing plans, and processing payments. They must also assist traders by performing market research and analysis, preparing and processing documentation, arranging meetings and appointments, running errands, and resolving issues and concerns in adherence to the company's policies and regulations.

What does a management assistant do?

A management assistant is responsible for organizing all clerical and administrative tasks in an organization by setting up appointments and meetings, updating records, writing reports, and preparing important documents. They can do multitasking and possess excellent communication and strong decision-making skills to be able to recruit and train sales associates, inventory monitoring, and ordering merchandise that is on-demand aside from conducting research about competitive products and analyzing customer behavior to meet customer expectations.

Trading assistant vs management assistant salary

Trading assistants and management assistants have different pay scales, as shown below.

Trading AssistantManagement Assistant
Average salary$101,645$44,020
Salary rangeBetween $58,000 And $176,000Between $30,000 And $62,000
Highest paying CityHartford, CTSan Francisco, CA
Highest paying stateConnecticutHawaii
Best paying companyOak Hill AdvisorsNokia
Best paying industryFinanceHealth Care

Differences between trading assistant and management assistant education

There are a few differences between a trading assistant and a management assistant in terms of educational background:

Trading AssistantManagement Assistant
Most common degreeBachelor's Degree, 78%Bachelor's Degree, 68%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaWestern Carolina University

Trading assistant vs management assistant demographics

Here are the differences between trading assistants' and management assistants' demographics:

Trading AssistantManagement Assistant
Average age5050
Gender ratioMale, 58.6% Female, 41.4%Male, 41.7% Female, 58.3%
Race ratioBlack or African American, 9.3% Unknown, 3.9% Hispanic or Latino, 16.3% Asian, 3.8% White, 66.0% American Indian and Alaska Native, 0.7%Black or African American, 9.3% Unknown, 3.9% Hispanic or Latino, 16.3% Asian, 3.8% White, 65.9% American Indian and Alaska Native, 0.7%
LGBT Percentage6%6%

Differences between trading assistant and management assistant duties and responsibilities

Trading assistant example responsibilities.

  • Manage the cross-book with various brokers, trying to get the best rates for ADR trades.
  • Ensure accurate communication between traders and stock markets and manage all derivative portfolios for internationally known trading corporation.
  • Maintain the day-to-day operations of multiple internal trade capture applications, including creating new securities and managing the various classifications.
  • Ensure reporting accuracy by preparing daily profit/loss spreadsheet for entire manage portfolio, including accrual of market positions initiate and liquidate.
  • Cash management and various reconciliations of the hedge fund's feeder and master funds.
  • Calculate daily P/L for hedge fund consisting of futures, equities, and foreign currencies.
  • Show more

Management assistant example responsibilities.

  • Manage the operations for FOH and BOH facilities.
  • Develop management and leadership principles while managing, training, and motivating employees in fast-pace, high-volume sales/customer service business.
  • Work with HQ in resolving payroll, personnel, performance, conduct, EEO, congressional, and legal issues.
  • Used QuickBooks to facilitate small business accounting.
  • Receive and process visit requests through JPAS.
  • Start as cashier, learned the register POS system.
  • Show more

Trading assistant vs management assistant skills

Common trading assistant skills
  • Trade Shows, 12%
  • P/L, 7%
  • Securities, 7%
  • Portfolio, 6%
  • Bloomberg, 6%
  • Fixed Income, 5%
Common management assistant skills
  • Patients, 13%
  • Word Processing, 12%
  • Customer Satisfaction, 11%
  • PowerPoint, 6%
  • Payroll, 6%
  • Statistical Data, 5%

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