Underwriter vs market maker

The differences between underwriters and market makers can be seen in a few details. Each job has different responsibilities and duties. Additionally, a market maker has an average salary of $108,335, which is higher than the $61,751 average annual salary of an underwriter.

The top three skills for an underwriter include customer service, investor guidelines and mortgage loans. The most important skills for a market maker are equity options, portfolio risk, and NASD.

Underwriter vs market maker overview

	Underwriter	Market Maker
Yearly salary	$61,751	$108,335
Hourly rate	$29.69	$52.08
Growth rate	-4%	10%
Number of jobs	8,510	17,618
Job satisfaction	3	-
Most common degree	Bachelor's Degree, 66%	Bachelor's Degree, 87%
Average age	44	43
Years of experience	-	6

Underwriter vs market maker salary

Underwriters and market makers have different pay scales, as shown below.

	Underwriter	Market Maker
Average salary	$61,751	$108,335
Salary range	Between $39,000 And $96,000	Between $62,000 And $188,000
Highest paying City	Boston, MA	-
Highest paying state	Massachusetts	-
Best paying company	Google	-
Best paying industry	Manufacturing	-

Differences between underwriter and market maker education

There are a few differences between an underwriter and a market maker in terms of educational background:

	Underwriter	Market Maker
Most common degree	Bachelor's Degree, 66%	Bachelor's Degree, 87%
Most common major	Business	Finance
Most common college	University of Pennsylvania	University of Pennsylvania

Underwriter vs market maker demographics

Here are the differences between underwriters' and market makers' demographics:

	Underwriter	Market Maker
Average age	44	43
Gender ratio	Male, 38.4% Female, 61.6%	Male, 92.1% Female, 7.9%
Race ratio	Black or African American, 9.2% Unknown, 2.5% Hispanic or Latino, 9.6% Asian, 5.6% White, 72.7% American Indian and Alaska Native, 0.4%	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%
LGBT Percentage	9%	6%

Differences between underwriter and market maker duties and responsibilities

Underwriter example responsibilities.

Attain Jr. underwriter status and AUS underwriting authority.
Manage AUS findings and analyze approvals and results accordingly.
Complete initial review of appraisals, borrower credit documents, and DU/LP findings according to Fannie Mae and investor guidelines.
Research and develop SBA program.
Work on project putting together HPR policy.
Resolve issues preventing final disposition of REO properties.

Market maker example responsibilities.

Manage and critiqu all trades execute on NYMEX trading floor via computer system.
Trade several equities and options names, managing all risk, capital and executing trades using electronic screen base software/technology.
Dissect and manage complex derivative position risks, manage risks and interpret complex financial documents.
Price and risk manage multiple positions in corporate derivatives, including accelerate share buyback programs and long-date convertible bond/call spread overlays.
Merge business operations to expand service offering to include etf's, options, and foreign adr's.
Analyze market conditions and make decisions to buy/sell equities using fundamental and technical analysis.

Underwriter vs market maker skills

Common underwriter skills

Customer Service, 11%
Investor Guidelines, 6%
Mortgage Loans, 5%
Underwriting Guidelines, 5%
Financial Statements, 4%
FHA, 3%

Common market maker skills

Equity Options, 11%
Portfolio Risk, 9%
NASD, 7%
Financial Markets, 6%
Manage Risk, 6%
Equities, 5%