Bond trader vs stock broker

The differences between bond traders and stock brokers 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 $59,096 average annual salary of a stock broker.

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

Bond trader vs stock broker overview

	Bond Trader	Stock Broker
Yearly salary	$109,526	$59,096
Hourly rate	$52.66	$28.41
Growth rate	10%	10%
Number of jobs	567	29,202
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 79%	Bachelor's Degree, 77%
Average age	43	43
Years of experience	-	6

Bond trader vs stock broker salary

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

	Bond Trader	Stock Broker
Average salary	$109,526	$59,096
Salary range	Between $62,000 And $190,000	Between $37,000 And $93,000
Highest paying City	-	New York, NY
Highest paying state	-	New York
Best paying company	-	ICAP
Best paying industry	-	Finance

Differences between bond trader and stock broker education

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

	Bond Trader	Stock Broker
Most common degree	Bachelor's Degree, 79%	Bachelor's Degree, 77%
Most common major	Finance	Business
Most common college	University of Pennsylvania	University of Pennsylvania

Bond trader vs stock broker demographics

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

	Bond Trader	Stock Broker
Average age	43	43
Gender ratio	Male, 81.0% Female, 19.0%	Male, 85.5% Female, 14.5%
Race ratio	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%	Black or African American, 5.5% Unknown, 4.1% Hispanic or Latino, 11.4% Asian, 12.3% White, 66.4% American Indian and Alaska Native, 0.2%
LGBT Percentage	6%	6%

Differences between bond trader and stock broker duties and responsibilities

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.

Stock broker example responsibilities.

Manage communication with clients regarding margin call requirements base on NYSE and NASD standards.
Administer the purchase and sale of small cap equities trade on NASDAQ and NYSE exchanges.
Study to pass all require FINRA testing!
Develop and monitor all stock trading and reporting and institute guidelines for proper FINRA procedures.
Calculate common area maintenance expenses and CPI increases and notify tenants via letter of increases.
Generate over $200k in derivative commission revenue through full-service brokerage and execution and roughly $100K in self-direct trading commission.

Bond trader vs stock broker skills

Common bond trader skills

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

Common stock broker skills

Financial Products, 11%
Client Portfolios, 10%
Securities, 8%
Bonds, 7%
Stock Market, 4%
Cold Calls, 4%

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Bond Trader
Bond Trader vs Stock Broker

Updated January 8, 2025

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