Hourly Wage for Margin Clerk I Salary in the United States
Hourly Wage for Margin Clerk I Salary
How much does a Margin Clerk I make hourly in the United States? The average hourly wage for a Margin Clerk I in the United States is $21 as of March 26, 2024, but the range typically falls between $18 and $23. Hourly rate can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
| Percentile | Hourly Pay Rate | Location | Last Updated |
| 10th Percentile Margin Clerk I Salary | $15 | US | March 26, 2024 |
| 25th Percentile Margin Clerk I Salary | $18 | US | March 26, 2024 |
| 50th Percentile Margin Clerk I Salary | $21 | US | March 26, 2024 |
| 75th Percentile Margin Clerk I Salary | $23 | US | March 26, 2024 |
| 90th Percentile Margin Clerk I Salary | $25 | US | March 26, 2024 |
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What skills does a Margin Clerk I need?
Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
Professional Development: Professional development refers to continuing education and career training after a person has entered the workforce in order to help them develop new skills, stay up-to-date on current trends, and advance their career.
Market Pricing: Setting the price of a product or service according to the current market price to ensure the business remains competitive while still growing ROI.
Job Description for Margin Clerk I
Margin Clerk I compiles data and determines customer margin in stock purchased. Determines brokerage fees and notifies supervisor when customer margin is less than government regulations or brokerage firm requirements. Being a Margin Clerk I researches customer margin account problems using customer account information and transaction records. May require an associate degree. Additionally, Margin Clerk I typically reports to a supervisor or manager. The Margin Clerk I works under moderate supervision. Gaining or has attained full proficiency in a specific area of discipline. To be a Margin Clerk I typically requires 1-3 years of related experience. (Copyright 2024 Salary.com)... View full job description
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Career Path for Margin Clerk I
A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.
For Margin Clerk I, the first career path typically starts with a Stock Loan Clerk II position, and then Stock Loan Manager I.
The second career path typically progresses to Floor Operations Manager.
The third career path typically progresses to Foreign Exchange Manager.
Additionally, the fourth career path typically starts with a Margin Clerk II position, and then progresses to Margin Department Supervisor.
What does a Margin Clerk I do?
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Margin Clerk I Pay Difference by Location
Margin Clerk I salary varies from city to city. Compared with national average salary of Margin Clerk I, the highest Margin Clerk I salary is in San Francisco, CA, where the Margin Clerk I salary is 25.0% above. The lowest Margin Clerk I salary is in Miami, FL, where the Margin Clerk I salary is 3.5% lower than national average salary.
| City, State | Compared to national average |
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| City, State San Francisco, CA |
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Level of Education for Margin Clerk I
Jobs with different levels of education may pay very differently. Check the Margin Clerk I salary of your education level.
Margin Clerk I Salary by State
Geographic variations impact Margin Clerk I salary levels, due to various factors, such as cost of living, industries, market demand and company budgets. Click below to see pay differences between states.
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Browse Related Job Categories With Margin Clerk I
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Skills associated with Margin Clerk I: Brokerage Trading Software, Securities Laws and Regulations, Inquiry Research/Response
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