Wire transfer clerk vs trade clerk

The differences between wire transfer clerks and trade clerks can be seen in a few details. Each job has different responsibilities and duties. It typically takes 1-2 years to become both a wire transfer clerk and a trade clerk. Additionally, a trade clerk has an average salary of $57,442, which is higher than the $33,309 average annual salary of a wire transfer clerk.

The top three skills for a wire transfer clerk include customer service, wire transfers and ACH. The most important skills for a trade clerk are financial reports, dealer trades, and DMV.

Wire transfer clerk vs trade clerk overview

	Wire Transfer Clerk	Trade Clerk
Yearly salary	$33,309	$57,442
Hourly rate	$16.01	$27.62
Growth rate	-3%	-3%
Number of jobs	66,745	67,178
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 39%	Bachelor's Degree, 72%
Average age	43	43
Years of experience	2	2

Wire transfer clerk vs trade clerk salary

Wire transfer clerks and trade clerks have different pay scales, as shown below.

	Wire Transfer Clerk	Trade Clerk
Average salary	$33,309	$57,442
Salary range	Between $27,000 And $40,000	Between $38,000 And $86,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between wire transfer clerk and trade clerk education

There are a few differences between a wire transfer clerk and a trade clerk in terms of educational background:

	Wire Transfer Clerk	Trade Clerk
Most common degree	Bachelor's Degree, 39%	Bachelor's Degree, 72%
Most common major	Business	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Wire transfer clerk vs trade clerk demographics

Here are the differences between wire transfer clerks' and trade clerks' demographics:

	Wire Transfer Clerk	Trade Clerk
Average age	43	43
Gender ratio	Male, 26.2% Female, 73.8%	Male, 59.1% Female, 40.9%
Race ratio	Black or African American, 9.5% Unknown, 4.3% Hispanic or Latino, 15.5% Asian, 5.9% White, 63.9% American Indian and Alaska Native, 0.9%	Black or African American, 9.5% Unknown, 4.3% Hispanic or Latino, 15.5% Asian, 5.9% White, 63.9% American Indian and Alaska Native, 0.9%
LGBT Percentage	6%	6%

Differences between wire transfer clerk and trade clerk duties and responsibilities

Wire transfer clerk example responsibilities.

Manage resident's private information for insurance verification, billing, and eligibility to apply for Medicaid.
Activate and update ATM card accounts.
Balance daily ATM settlement and clearing accounts.
Perform ACH services for backup coverage as needed.
Verify other bank (ABA routing number).
Transfer accounts and create manual tickets when DTC transfer are not available

Trade clerk example responsibilities.

Demonstrate strong math skills in managing inmate s accounts and calmly and effectively deescalating outbursts of belligerent inmates.
Assist senior staff and management with insuring compliance of NYSE rules.
Work on NYSE floor with brokers to get questionable trades compare and settle.
Develop and nurture relationships with new and existing clients for Eurodollar trades at the CME.
Monitor back office and trade desk within the company while operating the company AS400 operation system and program.
Receive DTC confirms, and hardcopy paper trades via mail, then enter them into the system manually.

Wire transfer clerk vs trade clerk skills

Common wire transfer clerk skills

Customer Service, 22%
Wire Transfers, 15%
ACH, 13%
OFAC, 7%
Customer Accounts, 6%
Financial Institutions, 6%

Common trade clerk skills

Financial Reports, 27%
Dealer Trades, 12%
DMV, 10%
Arbitrage, 9%
Purchase Orders, 9%
CME, 9%

Updated January 8, 2025

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