How much does a Margin Clerk II make in New Jersey? The average Margin Clerk II salary in New Jersey is $51,618 as of February 26, 2024, but the range typically falls between $49,138 and $55,850. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.

Margin Clerk II Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Margin Clerk II Salary $46,880 NJ February 26, 2024
25th Percentile Margin Clerk II Salary $49,138 NJ February 26, 2024
50th Percentile Margin Clerk II Salary $51,618 NJ February 26, 2024
75th Percentile Margin Clerk II Salary $55,850 NJ February 26, 2024
90th Percentile Margin Clerk II Salary $59,703 NJ February 26, 2024
25% $49,138 10% $46,880 90% $59,703 75% $55,850 $51,618 50%(Median) Didn’t find job title? Click
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What skills does a Margin Clerk II 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.

1.

Customer Service: Customer service is the provision of service to customers before, during and after a purchase. The perception of success of such interactions is dependent on employees "who can adjust themselves to the personality of the guest". Customer service concerns the priority an organization assigns to customer service relative to components such as product innovation and pricing. In this sense, an organization that values good customer service may spend more money in training employees than the average organization or may proactively interview customers for feedback. From the point of view of an overall sales process engineering effort, customer service plays an important role in an organization's ability to generate income and revenue. From that perspective, customer service should be included as part of an overall approach to systematic improvement. One good customer service experience can change the entire perception a customer holds towards the organization.

2.

Mutual Fund: A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities.

3.

SQL: Structured Query Language) is a domain-specific language used in programming and designed for managing data held in a relational database management system (RDBMS), or for stream processing in a relational data stream management system (RDSMS).

Customer Service 5.71%
Mutual Fund 2.86%
SQL 2.86%
Others 88.57%

Job Description for Margin Clerk II

Margin Clerk II 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 II researches customer margin account problems using customer account information and transaction records. May require an associate degree. Additionally, Margin Clerk II typically reports to a supervisor or manager. The Margin Clerk II works independently within established procedures associated with the specific job function. Has gained proficiency in multiple competencies relevant to the job. To be a Margin Clerk II typically requires 3-5 years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Margin Clerk II in New Jersey

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Location Avg. Salary Date Updated
Location Bayonne, NJ Avg. Salary $53,076 Date Updated February 26, 2024
Location Bergenfield, NJ Avg. Salary $54,013 Date Updated February 26, 2024
Location Bloomfield, NJ Avg. Salary $54,060 Date Updated February 26, 2024
Location East Brunswick, NJ Avg. Salary $53,010 Date Updated February 26, 2024
Location Hoboken, NJ Avg. Salary $55,092 Date Updated February 26, 2024
Location Irvington, NJ Avg. Salary $53,076 Date Updated February 26, 2024
Location Lakewood, NJ Avg. Salary $52,321 Date Updated February 26, 2024
Location Middlesex, NJ Avg. Salary $52,607 Date Updated February 26, 2024
Location Passaic, NJ Avg. Salary $54,060 Date Updated February 26, 2024
Location Union, NJ Avg. Salary $53,076 Date Updated February 26, 2024

Career Path for Margin Clerk II

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 II, the first career path typically starts with a Stock Loan Clerk III 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 III position, and then progresses to Margin Department Supervisor.

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Margin Clerk II Salary in New Jersey
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