Bond broker vs bond trader

The differences between bond brokers and bond traders can be seen in a few details. Each job has different responsibilities and duties. Additionally, a bond trader has an average salary of $109,526, which is higher than the $64,594 average annual salary of a bond broker.

The top three skills for a bond broker include bonds, securities and fixed income. The most important skills for a bond trader are bonds, treasury, and fixed income.

Bond broker vs bond trader overview

	Bond Broker	Bond Trader
Yearly salary	$64,594	$109,526
Hourly rate	$31.05	$52.66
Growth rate	10%	10%
Number of jobs	1,863	567
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 83%	Bachelor's Degree, 79%
Average age	43	43
Years of experience	6	-

Bond broker vs bond trader salary

Bond brokers and bond traders have different pay scales, as shown below.

	Bond Broker	Bond Trader
Average salary	$64,594	$109,526
Salary range	Between $39,000 And $105,000	Between $62,000 And $190,000
Highest paying City	-	-
Highest paying state	-	-
Best paying company	-	-
Best paying industry	-	-

Differences between bond broker and bond trader education

There are a few differences between a bond broker and a bond trader in terms of educational background:

	Bond Broker	Bond Trader
Most common degree	Bachelor's Degree, 83%	Bachelor's Degree, 79%
Most common major	Business	Finance
Most common college	University of Pennsylvania	University of Pennsylvania

Bond broker vs bond trader demographics

Here are the differences between bond brokers' and bond traders' demographics:

	Bond Broker	Bond Trader
Average age	43	43
Gender ratio	Male, 87.7% Female, 12.3%	Male, 81.0% Female, 19.0%
Race ratio	Black or African American, 5.7% Unknown, 4.1% Hispanic or Latino, 12.1% Asian, 9.1% White, 68.8% American Indian and Alaska Native, 0.2%	Black or African American, 5.6% Unknown, 4.1% Hispanic or Latino, 11.8% Asian, 11.2% White, 67.0% American Indian and Alaska Native, 0.2%
LGBT Percentage	6%	6%

Differences between bond broker and bond trader duties and responsibilities

Bond broker example responsibilities.

Retail trader, fix income securities; manage client account activity; properly allocate client funds to appropriate investment options
Track equities of convertible issues for identification of arbitrage opportunities.
Solicit profitable freight brokerage business by marketing transportation capability via direct sales calls, telephone and direct mail marketing activity.
Execute large volume of retail orders (OTC, list and add lots).

Bond trader example responsibilities.

Manage traders in training and help teach derivatives theory classes.
Manage risk of firm capital in directional, basis and arbitrage trading
Manage business, sales, marketing, international negotiation and communication for a commodities business.
Train junior traders on modeling and relative value analysis of convertible bonds and structure derivative arbitrage trading strategies.
Utilize equities and options to hedge bond risk.
Research equities and design trading schematic to find investment opportunities.

Bond broker vs bond trader skills

Common bond broker skills

Bonds, 27%
Securities, 12%
Fixed Income, 11%
Treasury, 9%
Portfolio, 6%
Bloomberg, 6%

Common bond trader skills

Bonds, 22%
Treasury, 13%
Fixed Income, 11%
Securities, 11%
Trade Ideas, 5%
Hedge Funds, 5%

Bond Broker vs. similar jobs

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Bond Broker
Bond Broker vs Bond Trader

Updated January 8, 2025

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