Energy Trader Overview
Working as an Energy Trader
There is more than meets the eye when it comes to being an energy trader. For example, did you know that they make an average of $51.81 an hour? That's $107,758 a year!
What Does an Energy Trader Do
There are certain skills that many energy traders have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, math skills and detail oriented.
When it comes to the most important skills required to be an energy trader, we found that a lot of resumes listed 13.0% of energy traders included financial instruments, while 13.0% of resumes included market conditions, and 9.3% of resumes included pjm. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the energy trader job title. But what industry to start with? Most energy traders actually find jobs in the utilities and energy industries.
How To Become an Energy Trader
If you're interested in becoming an energy trader, one of the first things to consider is how much education you need. We've determined that 50.6% of energy traders have a bachelor's degree. In terms of higher education levels, we found that 41.6% of energy traders have master's degrees. Even though most energy traders have a college degree, it's impossible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become an energy trader. When we researched the most common majors for an energy trader, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on energy trader resumes include doctoral degree degrees or diploma degrees.
You may find that experience in other jobs will help you become an energy trader. In fact, many energy trader jobs require experience in a role such as trader. Meanwhile, many energy traders also have previous career experience in roles such as internship or equity trader.
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Energy Trader Jobs
Energy Trader Career Paths
As you move along in your career, you may start taking on more responsibilities or notice that you've taken on a leadership role. Using our career map, an energy trader can determine their career goals through the career progression. For example, they could start out with a role such as broker, progress to a title such as account executive and then eventually end up with the title district sales manager.
What is the right job for my career path?
Tell us your goals and we'll match you with the rights job to get there.
Average Salary for an Energy Trader
Best Paying Cities
Recently Added Salaries
Job TitleCompany  | Company | Start Date | Salary |
|---|---|---|---|
Rainbow Energy Marketing Corporation Energy Trader Energy Trader | Rainbow Energy Marketing Corporation Rainbow Energy Marketing Corporation | 06/04/2018 06/04/2018 | $85,00006/04/2018 $85,000 |
Rainbow Energy Marketing Corporation Energy Trader Energy Trader | Rainbow Energy Marketing Corporation Rainbow Energy Marketing Corporation | 05/31/2018 05/31/2018 | $85,00005/31/2018 $85,000 |
NRG Energy, Inc. Energy Trader Energy Trader | NRG Energy, Inc. NRG Energy, Inc. | 09/03/2017 09/03/2017 | $125,50009/03/2017 $125,500 |
Eagles View Management LP Energy Trader Energy Trader | Eagles View Management LP Eagles View Management LP | 03/28/2017 03/28/2017 | $100,00003/28/2017 $100,000 |
Eagle's View Capital Management, LLC Energy Trader Energy Trader | Eagle's View Capital Management, LLC Eagle's View Capital Management, LLC | 03/23/2017 03/23/2017 | $100,00003/23/2017 $100,000 |
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Top Colleges for Energy Traders
1. University of Pennsylvania
Philadelphia, PA
2. Northwestern University
Evanston, IL
3. University of Southern California
Los Angeles, CA
4. SUNY at Binghamton
Vestal, NY
5. Villanova University
Villanova, PA
6. San Diego State University
San Diego, CA
7. Bentley University
Waltham, MA
8. Boston University
Boston, MA
9. SUNY Stony Brook
Stony Brook, NY
10. New York University
New York, NY
Entry Level Jobs For Becoming An Energy Trader
Top Skills For an Energy Trader
The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 13.0% of energy traders listed financial instruments on their resume, but soft skills such as analytical skills and math skills are important as well.
- Market Conditions, 21.0%
- Financial Instruments, 13.8%
- Nerc, 9.9%
- Market Research, 8.1%
- Risk Management, 8.0%
- Other Skills, 39.2% See All Energy Trader Skills
Best States For an Energy Trader
Some places are better than others when it comes to starting a career as an energy trader. The best states for people in this position are Rhode Island, Massachusetts, Connecticut, and New Jersey. Energy traders make the most in Rhode Island with an average salary of $113,236. Whereas in Massachusetts and Connecticut, they would average $112,321 and $111,980, respectively. While energy traders would only make an average of $111,703 in New Jersey, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.
1. Massachusetts
$112,321
Avg. Salary
2. Connecticut
$111,980
Avg. Salary
3. New Hampshire
$110,012
Avg. Salary